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 teams
- Travel 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 issues
- Prepare and monitor activities for State, Agency, Lender, Partner audits/inspections
- Contribute to the development and implementation of new procedures to improve overall effectiveness of the compliance department
- Track & process annual OCAF adjustment paperwork
- Complete 8703 Forms, Quarterly Bond Reports, and Annual Lender Reports for signature
- Ensure compliance documents are filed accordingly
- Facilitate account reconciliation between third party vendors and property management companies
- Provide regular updates on the activities and status of compliance throughout assigned portfolio; establish reporting requirements and track key data accordingly
- Facilitate the completion of Welfare Tax Exemptions
- Provide administrative support to the rest of the compliance team when needed
- Provide regular updates on the activities and status of compliance throughout assigned portfolio; establish reporting requirements and track key data accordingly
- Analyze HUD monthly vouchers to ensure full subsidy is being received and identify areas of non-compliance causing reduction in funds.
- Maintain third party relationships
- Maintain compliance policy and procedures manual and update as needed
- Stay current with all federal and applicable state regulations for the LIHTC, HUD, and HOME affordable housing programs as they relate to files
- Assist property management teams with tax credit reporting requirements
What You Should Have
- 5+ years of experience managing compliance for a diverse portfolio of properties
- Experience managing compliance for 1200+ units; and experience working in multiple states with diverse subsidy programs; both state and federal
- Working knowledge of program and regulatory requirements- in particular, experience with Acquisition/Rehab, HUD-TC blended sites; pre and post 8609 processes
- TC (Low Income Housing Tax Credit) C3P and/or HCCP
- Bachelor’s Degree preferred or proven history of relevant experience
- COS Designation (Certified Occupancy Specialist) or equivalent (BOS is a plus)
- Attention to detail and ability to “connect the dots” to see the larger picture
- Desire to take initiative and streamline processes for efficiency
- Ability to multi-task and successfully meet multiple competing demands often under tight deadlines
- Adaptable to environment, awareness of target audience and situational nuances
- Communicate 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 manner
- Experience with multiple software systems- compliance, project management
- Proficiency in Microsoft suite; Excel, Word, PowerPoint
- Strong work ethic, critical thinking skills, attention to detail, and sense of urgency
- Desire to work in a fast-paced, entrepreneurial environment
- Ability to take ownership and commitment to follow through
- Willingness to travel 25-50% of the time
What You Should Be
- Highly accountable; you take ownership, follow-through, meet deadlines, and care about the quality of your work product
- Curious, ambitious, and thoughtful; a problem solver by nature
- A highly motivated person who values hard work
- An independent self-starter; you don’t wait around too long looking for directions from others
- A person who doesn’t get flustered under pressure or deadlines
- A world-class communicator
- Able to work collaboratively in a small team environment; willingness to “roll up your sleeves” and pitch in when and where necessary
- Ready to work in a fast-paced environment and be part of an amazing team doing valuable work
THE COMPANY
Standard 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.
