Compliance Specialist

NP Dodge Company•Omaha, NE

19d

About The Position

The Compliance Specialist is responsible for monitoring properties managed by NP Dodge Management Company and financed with Federal Low-Income Housing Tax Credits (“LIHTC”), the Department of Housing, and Urban Development (“HUD”). More specifically, this individual plays an important role in ensuring that residents of the affordable housing developments comply with all rent, income, and other regulatory restrictions applicable to each property. This individual works with NP Dodge Management Company management team, affordable housing developers, General Partners, Property Managers and state Housing Finance Agencies to accomplish these goals. The Compliance Specialist helps foster strong relationships with the internal and external partners.

Requirements

Associate’s Degree in accounting, finance, real estate, business administration or equivalent professional experience required.
At least one (1) year of prior experience in property management or a compliance role.
Proficient with Microsoft Office, Adobe, T-Value and virtual data rooms.
Strong client relations skills.
Excellent communication and interpersonal skills.
Ability to prioritize tasks, stay organized, manage multiple projects simultaneously, and meet deadlines in a fast-paced environment.
Requires the ability to withstand physical activity and navigate the property to include; walking, lifting, sitting, bending, twisting, climbing, reaching, flexibility, mobility and standing for extended periods of time.
Maintaining a valid driver's license and reliable transportation for travel required.
Ability to travel overnight (1-2 nights on average) as required for attendance at state housing and industry conferences, visits to developers/properties and completion of audits.
Ability to work under time constraints, including evening and weekends during peak periods.
When traveling, incumbent may be exposed to varying environmental conditions (e.g., inclement weather, crowded or unsanitary conditions, dirt, dust, construction work site hazards).

Nice To Haves

Real Estate Assessment Center (REAC), Housing Credit Certified Professional (HCCP) or the Consortium for Housing and Asset Management (CHAM) designation a plus.

Responsibilities

Demonstrates company core values.
Develops and trains the property managers and Operating Partnership on NP Dodge Management Company’s lease-up and compliance processes and procedures.
Prepares and manages the working folder and property information sheets for the assigned properties.
Receives, reviews, and processes all initial resident applications/certifications from Operating Partnerships and Property Managers; audits to ensure compliance with LIHTC and other applicable income and affordability restrictions.
Creates and maintains internal resident eligibility files, especially those related to initial lease-up of Operating Partnerships, on NP Dodge Management Company’s document management system.
Conducts annual audits to include completion of at least 20% of resident files (in-house and on-site) for assigned properties; manages follow up on outstanding items following audits.
Provides guidance, training, and technical assistance to partners in areas such as LIHTC tax credit compliance, HOME, AHP, USDA, RD, etc. income guidelines, HUD guidelines, rent limits, the Land Use Restriction Agreement, utility allowances, next available unit rule, square footage, and other related information.
Assists in keeping property managers trained on current developments within LIHTC and other affordable housing programs, specifically as it relates to compliance issues and processes.
Monitors and maintains the appropriate compliance forms, funding sources, rent/income collections and changes within rent and utility allowances.
Assists Asset Manager in resolving any open 8823 issues.
Attends Housing Finance Agency trainings and other compliance classes to remain current and proficient with LIHTC & HUD compliance rules.
Reasonable and reliable attendance and timeliness when reporting to work and completing work.
Interacts well with others.