Regional Compliance Specialist

JOB SUMMARYThe Regional Compliance Specialist is responsible for all aspects of Project Based Section 8, Low Income Housing Tax Credit, HOME and Bond compliance for Monroe Group’s growing portfolio. The position is responsible for the evaluation and monitoring of all properties within the portfolio to assure compliance with applicable affordable housing programs. Keeps current on all changes of affordable housing regulations and assists in the distribution and training of this information to Property Management staff on a national basis. The position reports to the Director of Compliance and will work out of the Denver Corporate office.
Job TypeFull-time
DescriptionJOB SUMMARY:The Regional Compliance Specialist is responsible for all aspects of Project Based Section 8, Low Income Housing Tax Credit, HOME and Bond compliance for Monroe Group’s growing portfolio. The position is responsible for the evaluation and monitoring of all properties within the portfolio to assure compliance with applicable affordable housing programs. Keeps current on all changes of affordable housing regulations and assists in the distribution and training of this information to Property Management staff on a national basis. The position reports to the Director of Compliance and will work out of the Denver Corporate office.
Essential Functions:
Evaluate agency requirements and implement compliance procedures for development for all properties
Keep current on all updates and changes in affordable housing programs and requirements. Monitor state agencies to stay updated on new policies, procedures and compliance related forms. Provide updates to Compliance Manager.
Assure that Property Management staff receives clear and concise written notification and interpretations of program changes.
Respond to compliance-related questions from Property Operations personnel.
Ensure all properties employ the correct leasing forms and procedures (including tenant screening), comply with applicable leasing laws.
Coordinate all file reviews and audits to ensure compliance with regulatory agreements for each property
Ensuring that all tax credit project first year tenant files are 100% in compliance
Ensuring that all tax credit tenant files are 100% compliant
Ensuring that all tax-exempt bond project tenant files are 100% in compliance
Ensuring that HUD project-based section 8 tenant files are 100% in compliance
Ensuring that all HOME project files are 100% in compliance
Coordinate documentation and attendance for Management Reviews with Community Manager, Regional PMs and State Compliance Agency prior to on-site reviews
Remain in close contact with Regional PMs regarding compliance issues at specific properties - Review compliance issues with RPMs and establish deadlines for properties to come into compliance
Report all non-compliant properties and work with Director of Compliance to develop action plans for non-compliant properties
Act as primary contact with local HUD and State Compliance Agencies. Contact new HUD and State Agencies upon new properties entering the portfolio
Monitor, review and approve all responses for MOR, LIHTC, HOME, Bond and all other agency audit responses as required in a complete and consistent manner.
Ensure timely response delivery by stipulated deadlines.
Complete annual/quarterly/monthly compliance reporting as required
Assure that all first year files from each property have been copied and filed in a central location
In partnership with the RPM and Director of Compliance, provide orientation and training to new property managers.
Assess and make recommendations to Director of Compliance regarding compliance procedures and training needs for Property Managers consistent with company policies and procedures/guidelines
Perform other duties as assigned
RequirementsStrong knowledge of LIHTC regulations and Project Based Section 8/Tax Credit residential properties. Acquisition Rehabilitation Experience is a plus. Multi-state experience is a plus.
REQUIREMENTS
3-5 years of experience in property management (subsidy, tax credit, elderly, conventional, etc.)
Must be able to travel to properties across U.S. Estimated travel up to two weeks per month the first year and as needed, thereafter.
Must be able to travel to acquisition rehabs one week a month or more, depending of level of support needed, for properties who are initially LIHTC certifying existing tenants.
Excellent verbal and written communication skills, organizational excellence and team-oriented
Strong project management skills
Must be able to handle confidential information with discretion and integrity
Must be able to meet assigned deadlines
Onsite Property Management experience
EDUCATION And EXPERIENCE
Bachelor’s degree from an accredited college or university and or equivalent work experience.
At least 3 years of Property Management experience in a Corporate compliance role
Must have working knowledge of affordable housing programs
Preferred Qualifications
At least 5 years of Affordable Property Management experience in a regional compliance role
HCCP, COS, TCS, C3P or similar designations a plus
OneSite- RealPage experience a plus
PHYSICAL DEMANDS
Employee must be able to lift at least 5 lbs. and up to 20 lbs.
Employee will frequently utilize their hands and fingers
Employee will be frequently required to sit and occasionally stand or walk
Employee will be required to bend, twist, stoop and or kneel
Employee must be able to walk each property in its entirety
WORK ENVIRONMENT
The employee will be exposed to an indoor office and outdoor environment. The noise level is typically varies.
MGWC6Salary Description$70 - $80K
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