Compliance Specialist - San Francisco Corporate Office

About the role

The Compliance Specialist plays a crucial role in ensuring compliance with affordable housing programs, including Section 42 of the Internal Revenue Code, HUD Section 8 and Public Housing programs. They also collaborate with Property Managers, Regional Managers, and Directors to ensure compliance with HUD, Tax Credit, and other affordable housing programs.

Responsibilities

• Determine applicants' initial eligibility for affordable housing programs and monitor ongoing eligibility.
• Audit and verify compliance with regulatory agreements for each property.
• Prepare reports of findings and assist in making corrections or clarifications.
• Train and consult on compliance processes and affordable housing programs.
• Interact and communicate effectively with supervisors, managers, employees, residents, senior staff, owners, government agencies, sponsors, and clients.
• Implement compliance tracking and reporting systems.
• Coordinate and schedule ongoing file reviews and audits.
• Assist in developing and delivering staff training on LIHTC, HUD regulations, and related compliance issues.
• Respond to compliance-related questions and make recommendations to Compliance Managers, the Compliance AVP, Director, Regional Managers, and Vice Presidents.
• Understand HUD Form 9834 and assist properties in preparing for Management and Occupancy Reviews (MORs).
• Track EIV monthly reports and coordinate with the Corporate Office to update EIV requirements and owner authorizations.
• Maintain required access and complete security training necessary to access all properties listed in EIV for the regional office.
• Understand and implement all EIV policies and procedures required by HUD and JSCo throughout the region.

Requirements

• Minimum of two years of experience in property compliance and file review, including HUD and Tax Credit occupancy compliance, as well as planning, scheduling, and completing major projects with minimal supervision.
• Demonstrated experience in identifying problems, analyzing issues, recommending solutions, and implementing practical and effective resolutions.
• Proficiency in Microsoft Office applications, including Word, Excel, and Outlook.

Qualifications

• Policies and Regulations: Knowledge of company policies, federal, state and local laws, government regulations and agency rules that pertain to properties involved specially Section 42 of the Internal Revenue Code, and HUD Section 8 and Public Housing programs.
• Management of Financial Resources: Basic knowledge of economic and accounting principles and practices for creating a realistic budget, banking, understanding financial reports and the ability to use mathematics to solve problems when acting as Property Manager.
• Sales and Marketing: Knowledge of principles and methods for showing, promoting, and selling services. This includes marketing strategy and tactics, and sales techniques when acting as a Property Manager.

Skills & Abilities

• Business and Management Principles: Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, production and tracking methods, and coordination of multiple tasks and resources.
• Problem Sensitivity/Deductive Reasoning: Ability to tell when something is wrong or is likely to go wrong and then apply general rules to specific problems to produce answers that make sense. Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems and considering the relative benefits of potential actions to choose the most appropriate one.
• Written Comprehension and Expression: Ability to read, understand and communicate information and ideas in writing so others will understand.
• Oral Comprehension and Expression: Ability to listen to, understand and speak so others can understand ideas and information presented verbally.
• Math: Ability to complete basic math calculations including addition, subtraction, multiplication and division. Ability to perform all math calculations required under all agency regulatory restrictions including prorating, payroll estimating, etc.
• Computer: Ability to develop and maintain computer records in Word, Excel and other software required by JSCo and regulatory agencies (e.g. Boston Post, and Yardi). Ability to develop tracking and report forms in Word and Excel as needed.

Benefits

• Medical, dental and vision care; preventative medical care paid at 100%.
• Vacation leave of up to ten days per year in the first year.
• Up to 80 hours of sick time per year.
• Flexible Spending Accounts for Health Care and Dependent Care.
• Company paid Life AD&D Long Term Disability.
• Free, confidential counseling through our Employee Assistance Program.
• Commuter benefit program.
• Discounts for AT&T and ClassPass.
• $100 annual Wellness Reimbursement.
• Matching 401(K) Retirement Savings Plan of up to 2% of your compensation (for any employee who works 20 hours or more per week).