Compliance Manager- Stabilized
2 months ago
THE POSITION
In the Compliance Manager position you will have oversight of the compliance activities of an assigned portfolio to ensure the properties are compliant with tax credit, HUD, and other housing program regulations. In this role you will provide compliance technical support along with training and guidance to compliance and property management staff. Currently, our portfolio is over 7,000 units which consists of mixed subsidy - HUD and tax credit properties in multiple states.
What You Can Expect To Do
Oversight of compliance activities of remote property and management compliance teamsTravel to properties is required, as needed (potentially 25%-50%)Support our property management teams when they have questions regarding compliance programs or procedures and assist with tax credit reporting requirements/resolving compliance issuesPrepare and monitor activities for State, Agency, Lender, Partner audits/inspectionsContribute to the development and implementation of new procedures to improve overall effectiveness of the compliance departmentTrack & process annual OCAF adjustment paperworkComplete 8703 Forms, Quarterly Bond Reports, and Annual Lender Reports for signature Ensure compliance documents are filed accordinglyFacilitate account reconciliation between third party vendors and property management companiesProvide regular updates on the activities and status of compliance throughout assigned portfolio; establish reporting requirements and track key data accordinglyFacilitate the completion of Welfare Tax ExemptionsProvide administrative support to the rest of the compliance team when neededProvide regular updates on the activities and status of compliance throughout assigned portfolio; establish reporting requirements and track key data accordinglyAnalyze HUD monthly vouchers to ensure full subsidy is being received and identify areas of non-compliance causing reduction in funds.Maintain third party relationshipsMaintain compliance policy and procedures manual and update as neededStay current with all federal and applicable state regulations for the LIHTC, HUD, and HOME affordable housing programs as they relate to filesAssist property management teams with tax credit reporting requirementsWhat You Should Have5+ years of experience managing compliance for a diverse portfolio of propertiesExperience managing compliance for 1200+ units; and experience working in multiple states with diverse subsidy programs; both state and federalWorking knowledge of program and regulatory requirements- in particular, experience with Acquisition/Rehab, HUD-TC blended sites; pre and post 8609 processesTC (Low Income Housing Tax Credit) C3P and/or HCCPBachelor's Degree preferred or proven history of relevant experienceCOS Designation (Certified Occupancy Specialist) or equivalent (BOS is a plus)Attention to detail and ability to "connect the dots" to see the larger pictureDesire to take initiative and streamline processes for efficiencyAbility to multi-task and successfully meet multiple competing demands often under tight deadlinesAdaptable to environment, awareness of target audience and situational nuancesCommunicate effectively, verbally and in writing, with all levels of staff, internal and external (including peers, management company staff, agency reps and auditors)Demonstrated ability to initiate and execute projects/initiatives in a focused and highly tactical mannerExperience with multiple software systems- compliance, project managementProficiency in Microsoft suite; Excel, Word, PowerPointStrong work ethic, critical thinking skills, attention to detail, and sense of urgencyDesire to work in a fast-paced, entrepreneurial environmentAbility to take ownership and commitment to follow throughWillingness to travel 25-50% of the timeWhat You Should BeHighly accountable; you take ownership, follow-through, meet deadlines, and care about the quality of your work productCurious, ambitious, and thoughtful; a problem solver by natureA highly motivated person who values hard workAn independent self-starter; you don't wait around too long looking for directions from othersA person who doesn't get flustered under pressure or deadlinesA world-class communicatorAble to work collaboratively in a small team environment; willingness to "roll up your sleeves" and pitch in when and where necessaryReady to work in a fast-paced environment and be part of an amazing team doing valuable workTHE COMPANYStandard Communities is a leading affordable and middle-income housing owner, investor, and developer. As one of the 20 largest owners of affordable housing in the country, we believe housing is a pathway to human prosperity, and providing high-quality, sustainable homes will offer people a sense of community and the opportunity to build a better future.
Founded in 2008, Standard Communities is relentlessly focused on growth. We have completed more than $4 billion in housing transactions with a portfolio that spans 17 states and includes nearly 19,000 units across 115+ properties. As a Certified B Corporation and a California Benefit Corporation, we are socially conscious entrepreneurs that value high performance, corporate responsibility, and innovation.
Through our public-private partnerships we create jobs, build the tax base, and enhance housing security and economic opportunities for our residents. Our creativity and scale enable us to deploy capital that generates meaningful change in neighborhoods across the country—creating value for residents, cities, and investors.
Standard Communities is headquartered in Los Angeles and New York City with regional offices in Washington, D.C., Chicago, Charleston, Miami, and Orange County, CA. With nationwide expertise and a local presence, our team comes from a wide variety of backgrounds and disciplines that bring deep experience, innovation, and results-driven collaboration to every relationship and interaction. This is just another way we live up to our high standards of serving communities. We are aligned in our commitment to make a positive change that will lead to transformational growth for the housing industry and the opportunity for success and fulfillment for our employees.
We believe in fostering a work environment where you can bring your whole self to work every day. Our people, their commitment to our mission, and our culture make Standard Communities a Great Place to Work year after year. Ready to make a difference? We are looking for curious, ambitious self-leaders to join our fast-moving, forward focused team.
Standard Communities is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of qualifications, merit, and business need.
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