VP of Leasing and Compliance

2 months ago

New York, United States TBG | The Bachrach Group Full time

We are seeking an experienced and proactive Vice President of Leasing & Compliance (VP) to lead and oversee the Leasing and Compliance department.


This role is crucial for ensuring our operations align with the complex regulatory environment governing low-income housing in New York City.


The ideal candidate will have experience managing a team of Leasing & Compliance Managers and Recertification Specialists responsible for meeting all the compliance and reporting needs for a NYC portfolio of approximately 10,000 units.


The VP must possess deep expertise in NYC housing regulations, particularly those related to Project Based Section 8, Mitchell Lama, Project Based Vouchering, 610 Amendment, Low-Income Housing Tax Credit (LIHTC) program and agencies such as the NYC Department of Housing Preservation and Development (HPD), New York State Housing and Community Renewal (HCR), New York City Housing Authority (NYCHA), the NYC Housing Development Corporation (HDC) and the HUD vouchering process.


Essential function/Responsibilities.

Duties include but are not limited to the following:

Strategic Leadership and Management:

  • Develop and implement a comprehensive compliance strategy to ensure adherence to NYC housing regulations and other relevant laws.
  • Lead, mentor, and manage a team of compliance professionals, setting clear objectives and performance metrics.
  • Foster a culture of compliance and ethical behavior across the organization.

Regulatory Oversight:

  • Oversee compliance with regulations from key NYC agencies, including HPD, HDC, and other city and state entities governing affordable housing.
  • Interpret and apply federal, state, and local regulations, including the Fair Housing Act, rent stabilization laws, and Section 8 requirements.
  • Stay abreast of changes in legislation and regulatory updates, adapting policies and procedures accordingly.

Internal Audits and Monitoring:

  • Design and implement a robust internal audit program to assess compliance across all properties and operational areas.
  • Conduct regular audits and reviews to identify potential compliance issues and implement corrective actions.
  • Manage responses to external audits and inspections conducted by regulatory agencies.

Training and Development:

  • Develop and deliver training programs on compliance-related topics for staff, property managers, and other relevant stakeholders.
  • Ensure ongoing education and awareness of compliance requirements and best practices within the organization.

Reporting and Documentation:

  • Prepare detailed compliance reports for senior management and the Board of Directors, highlighting key findings, risks, and recommendations.
  • Maintain accurate records and documentation related to compliance activities, audits, and regulatory submissions.
  • Ensure timely and accurate reporting to regulatory agencies, including preparation and submission of required documentation.

Stakeholder Engagement:

  • Act as the primary liaison between the company and regulatory agencies, addressing inquiries and facilitating regulatory inspections.
  • Build and maintain strong relationships with key stakeholders, including city officials, community organizations, and legal advisors.
  • Represent the company in meetings and discussions with regulatory bodies, ensuring the company’s interests and compliance posture are effectively communicated.

Policy Development and Improvement:

  • Develop, implement, and update compliance policies and procedures to align with regulatory changes and organizational needs.
  • Evaluate and improve existing compliance processes and systems to enhance efficiency and effectiveness.

Requirements:

  • Minimum of 10 years of experience in compliance management, with at least 5 years in a senior leadership role within the property management or affordable housing sector.
  • Bachelor’s degree in business administration, or a related field.
  • Extensive experience with NYC low-income housing regulations, including familiarity with PBS8,PBV,Mitchell Lama,LIHTC,610 Amendment, HPD, HDC,HCR and other relevant agencies.
  • In-depth understanding of NYC housing regulations, including rent stabilization laws, Section 8 requirements, and other affordable housing compliance issues.
  • Familiarity with federal, state, and local housing laws and regulations, such as the Fair Housing Act and regulatory compliance for property management.
  • Exceptional leadership skills with a proven ability to manage and motivate a team.
  • Strong analytical and problem-solving abilities, with a keen attention to detail and accuracy.
  • Excellent communication and interpersonal skills, capable of effectively interacting with senior management, regulatory agencies, and other stakeholders.
  • Relevant certifications in compliance, property management, or related fields are a plus.


Benefits:

  • Medical coverage for the employee's full premium is paid by the company. Coverage starts 30 days after employment.
  • Dental
  • Vision
  • 401k with employer matching
  • Life insurance
  • Annual performance-based bonus
  • Additional incentive-based bonus opportunities
  • 2 weeks vacation per calendar year
  • 5 personal days per calendar year
  • 5 sick days
  • 12 annual paid holidays
  • Reimbursement for business travel

Job Type: Full-time


Schedule:

  • Monday to Friday

Experience:

  • FDA regulations: 1 year (Preferred)

Ability to Commute:

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