Director of Compliance

Capstone Careers•Austin, TX

About The Position

The Director of Compliance is responsible for corporate compliance for all files on Section 42 properties as well as the knowledge of laws which affect this type of property. This includes all company managed LIHTC and HUD properties that require government auditing and reporting, such as AHDP (Affordable Housing Disposition Program), Tax Exempt Bond Program, HOME Program, Housing Trust Fund Program and Public Housing, and Section 8 HUD. The Director of Compliance will provide support and training to properties which deal with all aspects of Affordable Housing compliance. The information and recommendations to internal and external contacts will be made on a timely basis. Duties are included and not limited to: · Oversee and support a team of compliance officers in appropriate determinations of eligibility for potential residents as required by the applicable regulations appropriate to specific programs by property. · Oversee and support the review of files for approval of potential residents sent from properties and return with findings in a timely manner. · Oversee the review of files and audits on site on a periodic basis. · Establish and verify company standards to ensure that verification requirements meet or exceed government regulations and audit recommendations. · Track information on the number of files being sent in per property and make changes to portfolio assignments of compliance officers to ensure an appropriate balance of work within the department. · Maintain affordable housing program requirements for all states in which Capstone operates and maintain a monthly reporting system. · Maintain compliance records per property and oversee monthly reporting as required by state agencies and internal policies and procedures. · Administer the filing and storage of compliance records. · Prepare monthly compliance checklist reports for on-site personnel and Regional Managers. · Provide information about training seminars and law changes to on-site personnel; make recommendations concerning specific training requirements for under-performing property staff. · Oversee annual reporting as required by state regulations for each property. · Oversee the calculation and distribution of rents and utility allowances to properties as needed. · Assign compliance officers to participate in property takeovers, provide initial property assessment and set-up on our monthly compliance reporting system. · Act as primary company representative between state agencies and properties in all matters related to compliance. · Ensure the establishment and maintenance of a historical journal for each property, to include new rent limits, utility allowances, and correspondence with state agencies, along with other appropriate documentation. · Maintain records for Compliance Department.

Requirements

Strong experience withing property management industry preferred.
HCCP, COS, TCS, SCHM, and RD certifications required.
7 years’ experience in government housing, Section 42 Tax Credit Program, Rural Development, HUD, HOME, Pra811, CDBG
Demonstrated ability at leading and building teams.
Ability to write well and communicate effectively in writing.
Ability to work with cross-functional groups (operations)
Proficiency with OneSite property management software
Proficient in MS Office and Teams environments

Responsibilities

Oversee and support a team of compliance officers in appropriate determinations of eligibility for potential residents as required by the applicable regulations appropriate to specific programs by property.
Oversee and support the review of files for approval of potential residents sent from properties and return with findings in a timely manner.
Oversee the review of files and audits on site on a periodic basis.
Establish and verify company standards to ensure that verification requirements meet or exceed government regulations and audit recommendations.
Track information on the number of files being sent in per property and make changes to portfolio assignments of compliance officers to ensure an appropriate balance of work within the department.
Maintain affordable housing program requirements for all states in which Capstone operates and maintain a monthly reporting system.
Maintain compliance records per property and oversee monthly reporting as required by state agencies and internal policies and procedures.
Administer the filing and storage of compliance records.
Prepare monthly compliance checklist reports for on-site personnel and Regional Managers.
Provide information about training seminars and law changes to on-site personnel; make recommendations concerning specific training requirements for under-performing property staff.
Oversee annual reporting as required by state regulations for each property.
Oversee the calculation and distribution of rents and utility allowances to properties as needed.
Assign compliance officers to participate in property takeovers, provide initial property assessment and set-up on our monthly compliance reporting system.
Act as primary company representative between state agencies and properties in all matters related to compliance.
Ensure the establishment and maintenance of a historical journal for each property, to include new rent limits, utility allowances, and correspondence with state agencies, along with other appropriate documentation.
Maintain records for Compliance Department.