Eureka Multifamily Group, LP
Compliance Specialist - HUD Knowledge Required
Eureka Multifamily Group, LP, Houston, Texas, United States, 77246
EUREKA MULTI-FAMILY GROUP does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
We are seeking a qualified candidate for our Compliance Specialist position who oversees Compliance for our Affordable Property division. Eureka Multifamily Group is a professional management company that strives to provide clean, safe, and affordable housing to working-class families and seniors. With over 30 years of experience, Eureka has a unique collaboration of experience and professionalism in the multifamily industry.
JOB SUMMARY:
The Compliance Specialist is responsible for ensuring our business operations and procedures comply with state and federal regulatory agreements as well as legal regulations and internal policies. The Compliance Specialist will perform a range of duties including reviewing new move-ins and recertifications to determine household income eligibility with the Project-based Section 8 and the Tax Credit Programs. They will continually review company and on-site compliance processes and lead LIHTC and PBS8 training sessions as necessary. They are an excellent communicator, with in-depth knowledge of the latest industry procedures and regulations.
JOB RESPONSIBILITIES:
Develop and implement company policies and regulations to assist Compliance and On-Site Teams with meeting HUD Multifamily and Section 42 Tax Credit recertification requirements.
Provide Compliance and On-Site Teams with updates pertaining to HUD Multifamily and Section 42 Tax Credit regulations.
Ensure all HUD requirements are being met for properties currently managed and properties in the process of being acquired. Required HUD forms (HUD-9839, HUD-9832, HUD-2530, etc.) are current; and Affirmative Fair Housing Marketing Plans are updated every five years, or as needed.
Handle MOR, REAC, UPCS, and state audit preparation and responses timely and accurately to avoid an uncorrected 8823; utilize inspection and audit results as a training tool to avoid similar findings of non-compliance.
Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
Verify that software technology is in place to adequately provide oversight and monitoring in all required areas; ensure software technology is updated with Gross Rent/LIHTC changes.
Identify potential areas of compliance risks and vulnerabilities; develop and implement corrective action plans for the resolution of identified issues.
Identify compliance risks and recommend changes to senior management and Vice President.
Ensure compliance with all LIHTC and PBS8 rules and regulations and other regulatory compliance.
Complete Annual/Quarterly Reports for City/State Supervisory Agencies and Tax Credit Syndicators.
Coordinate all business operations relating to compliance including policies, investments, and procedures.
Design, maintain and be responsible for systems to deal with violations of legal rules and internal policies.
Regularly assess the efficiency of control systems and recommend effective improvements.
Review and evaluate company procedures and reports to identify hidden risks or common issues.
Coordinate with different property managers to review all property compliance policies.
Perform periodic audits on company procedures and processes.
Lead employee training sessions on legal and compliance issues.
Supervise compliance officers and team.
KNOWLEDGE/SKILLS/ABILITIES:
Must be proactive, self-motivated and driven to avoid non-compliance.
Working knowledge of Federally assisted housing regulations.
Knowledge of Low-Income Tax Income Credits, applicable regulations and laws pertaining to program.
Strong knowledge of industry processes and regulations.
Outstanding communication and interpersonal abilities.
An analytical mindset with excellent organizational skills.
EDUCATION, EXPERIENCE & CERTIFICATIONS:
Bachelor’s degree in Business Administration or relevant field is preferred.
Minimum of 1 year experience in a compliance role or similar position.
PHYSICAL DEMANDS & WORKING CONDITIONS:
While performing the duties of this job, the employee is occasionally required to stand, walk, sit, use hands and fingers to handle or feel objects, tools or controls; reach with hands and arms, climb stairs, balance, stoop, kneel, crouch, crawl, talk and hear. The employee must occasionally lift and or move up to 25 pounds. Specific vision ability required by the job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. The physical demands of the job described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee normally works primarily in a temperature-controlled indoor environment but may occasionally work in an outdoor environment exposed to adverse weather conditions. The noise level in the work environment is low to moderate.
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We are seeking a qualified candidate for our Compliance Specialist position who oversees Compliance for our Affordable Property division. Eureka Multifamily Group is a professional management company that strives to provide clean, safe, and affordable housing to working-class families and seniors. With over 30 years of experience, Eureka has a unique collaboration of experience and professionalism in the multifamily industry.
JOB SUMMARY:
The Compliance Specialist is responsible for ensuring our business operations and procedures comply with state and federal regulatory agreements as well as legal regulations and internal policies. The Compliance Specialist will perform a range of duties including reviewing new move-ins and recertifications to determine household income eligibility with the Project-based Section 8 and the Tax Credit Programs. They will continually review company and on-site compliance processes and lead LIHTC and PBS8 training sessions as necessary. They are an excellent communicator, with in-depth knowledge of the latest industry procedures and regulations.
JOB RESPONSIBILITIES:
Develop and implement company policies and regulations to assist Compliance and On-Site Teams with meeting HUD Multifamily and Section 42 Tax Credit recertification requirements.
Provide Compliance and On-Site Teams with updates pertaining to HUD Multifamily and Section 42 Tax Credit regulations.
Ensure all HUD requirements are being met for properties currently managed and properties in the process of being acquired. Required HUD forms (HUD-9839, HUD-9832, HUD-2530, etc.) are current; and Affirmative Fair Housing Marketing Plans are updated every five years, or as needed.
Handle MOR, REAC, UPCS, and state audit preparation and responses timely and accurately to avoid an uncorrected 8823; utilize inspection and audit results as a training tool to avoid similar findings of non-compliance.
Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
Verify that software technology is in place to adequately provide oversight and monitoring in all required areas; ensure software technology is updated with Gross Rent/LIHTC changes.
Identify potential areas of compliance risks and vulnerabilities; develop and implement corrective action plans for the resolution of identified issues.
Identify compliance risks and recommend changes to senior management and Vice President.
Ensure compliance with all LIHTC and PBS8 rules and regulations and other regulatory compliance.
Complete Annual/Quarterly Reports for City/State Supervisory Agencies and Tax Credit Syndicators.
Coordinate all business operations relating to compliance including policies, investments, and procedures.
Design, maintain and be responsible for systems to deal with violations of legal rules and internal policies.
Regularly assess the efficiency of control systems and recommend effective improvements.
Review and evaluate company procedures and reports to identify hidden risks or common issues.
Coordinate with different property managers to review all property compliance policies.
Perform periodic audits on company procedures and processes.
Lead employee training sessions on legal and compliance issues.
Supervise compliance officers and team.
KNOWLEDGE/SKILLS/ABILITIES:
Must be proactive, self-motivated and driven to avoid non-compliance.
Working knowledge of Federally assisted housing regulations.
Knowledge of Low-Income Tax Income Credits, applicable regulations and laws pertaining to program.
Strong knowledge of industry processes and regulations.
Outstanding communication and interpersonal abilities.
An analytical mindset with excellent organizational skills.
EDUCATION, EXPERIENCE & CERTIFICATIONS:
Bachelor’s degree in Business Administration or relevant field is preferred.
Minimum of 1 year experience in a compliance role or similar position.
PHYSICAL DEMANDS & WORKING CONDITIONS:
While performing the duties of this job, the employee is occasionally required to stand, walk, sit, use hands and fingers to handle or feel objects, tools or controls; reach with hands and arms, climb stairs, balance, stoop, kneel, crouch, crawl, talk and hear. The employee must occasionally lift and or move up to 25 pounds. Specific vision ability required by the job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. The physical demands of the job described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee normally works primarily in a temperature-controlled indoor environment but may occasionally work in an outdoor environment exposed to adverse weather conditions. The noise level in the work environment is low to moderate.
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