Regulatory Compliance Officer

1 week ago


Woodstock, Georgia, United States Strive 360 LLC Full time
Job Overview

Position: Regulatory Compliance Officer

Schedule: Monday - Friday, 9:00 AM to 6:00 PM

Location: Remote

Benefits: Group Health Insurance, 401k, Paid Time Off

Compensation: $55,000 to $65,000

Position Summary:

Strive360 is on the lookout for a meticulous Regulatory Compliance Officer to enhance our team. In this pivotal role, you will be responsible for ensuring that our property management practices adhere to Low-Income Housing HUD/Tax Credit regulations and internal protocols. Your key duties will encompass managing the compliance framework, supervising EIV management, processing vouchers, conducting file assessments and on-site evaluations, overseeing contract renewals, and managing Annual Owner Certifications (AOC). If you are dedicated to upholding regulatory standards and possess a sharp attention to detail, we invite you to explore this opportunity with Strive360.

Key Responsibilities:

  • Develop, implement, and uphold compliance policies, procedures, and standards in accordance with HUD/Tax Credit regulations and organizational goals.
  • Ensure that all organizational activities align with applicable laws, regulations, and industry standards.
  • Prepare and coordinate responses for compliance audits and inspections.
  • Collaborate with internal teams to address audit findings and execute corrective measures.
  • Establish and oversee quality assurance programs to guarantee consistent delivery of high-quality services.
  • Conduct regular reviews and audits to evaluate compliance with internal controls.
  • Prepare and submit reports to regulatory bodies, management, and stakeholders.
  • Maintain precise records and documentation related to compliance activities.
  • Request rent adjustments through appropriate channels.
  • Update annual rent and utility allowances for each property and issue the Manager Rent Schedule.
  • Request annual third-party utility allowances.
  • Prepare and submit monthly Housing Assistance Payments (HAP) and Project Rental Assistance Contract (PRAC) vouchers.
  • Prepare and submit monthly bond reports.
  • Register all new properties with the relevant housing authority.
  • Initiate first-year file reviews with state and federal partners.
  • Ensure timely and accurate annual tenant recertifications.
  • Provide training and guidance to staff to enhance awareness of compliance requirements.
  • Stay informed about changes in regulations and industry trends, updating training materials as necessary.
  • Oversee Low-Income Housing HUD/Tax Credit programs, ensuring compliance with program mandates.
  • Monitor program eligibility, rent calculations, and resident certifications.
  • Identify compliance risks and proactively develop strategies to mitigate them, collaborating with management to make informed decisions regarding risk tolerance.
  • Perform additional duties as assigned.

Qualifications:

  • High school diploma or equivalent.
  • Minimum of 2 years of proven experience in LIHTC property compliance management.
  • Strong knowledge of Low-Income Housing HUD/Tax Credit regulations.
  • Thorough understanding of compliance best practices and principles.
  • Excellent communication and interpersonal skills.
  • Detail-oriented with strong analytical and problem-solving capabilities.
  • Ability to work independently.
  • Preferred Certifications: Housing Credit Certified Professional (HCCP), Specialist in Housing Credit Management (SHCM), Certified Occupancy Specialist (COS).

About Us: Strive360


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