Vice President of Compliance (Affordable Housing/Multi-Family Property Management)

Pratum Companies • Gaithersburg, MD

2d • $110,000 - $140,000

About The Position

Vice President of Compliance (Multi-Family Affordable Property Management) The Vice President of Compliance provides leadership and operational oversight for the organization’s Compliance Department. This role ensures adherence to all affordable housing programs (LIHTC, HUD Project-Based Section 8, layered properties, HOME, Bond, and other housing program regulations) while supporting the Senior Vice President of Compliance with program planning and implementation. The VP of Compliance leads compliance staff, manages day-to-day compliance activities, oversees file reviews and reporting, and acts as a subject matter expert for internal teams, ownership entities, and regulatory agencies. At the direction of the Senior Vice President of Compliance, the VP of Compliance is directly responsible for the following: Lead, manage, and mentor compliance managers and staff; foster professional growth through teaching, collaboration, and coaching. Provide training across compliance and other departments (individual and group). Foster collaborative, positive relationships with clients, agencies, investors, and ownership entities. Assist the SVP of Compliance with planning and implementation of compliance measures at newly acquired or transitioning properties. Participate in acquisition review calls to provide HUD/LIHTC expertise and risk assessment. Contribute to development of compliance initiatives, reporting standards, and technology enhancements. Ensure household certification files (move-ins, recertifications, terminations, gross rent changes, interim certifications) are fully compliant with program requirements. Oversee compliance audits, internal file reviews, and pre-occupancy approvals for all affordable programs. Monitor waitlists and EIV master binders for compliance with federal and state regulations. Coordinate and respond to internal and external audits. Oversee preparation of monthly/annual reporting to external agencies; prepare compliance reports for state housing agencies. Oversee or directly prepare HUD submissions: HAP vouchers, OCAF adjustments, budget-based rent increases, management agent renewals, NSPIRE inspections, MOR inspections, and Resident Service Coordinator grant submissions. Review and interpret HUD regulations, IRS 8823 Guide, and HUD 4350.3 manual to ensure organizational compliance. Maintain comprehensive knowledge of all affordable housing compliance programs within the portfolio. Provides superior customer service to residents and prospective tenants by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner Performs other duties assigned

Requirements

• To perform this job successfully, an individual must be able to complete all essential duties in a fast-paced, high volume team environment and meet strict deadlines
• Effective communication skills
• Ability to interface effectively and professionally with executives, owners, asset managers, agency representatives and department staff
• Performance management experience (including training, coaching, mentoring)
• Management experience building and managing a highly engaged team, ability to work effectively independently and as part of a team of professionals
• Experience reviewing, interpreting, and applying government regulations
• Demonstrate knowledge with affordable software, preferably Yardi
• Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent)
• The position requires the ability to read and write English fluently, the ability to accurately perform mathematical functions and the ability to understand and perform all software functions
• A minimum of seven (7) years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties
• A minimum of three (3) years of experience in management roles, including team leadership, training and performance management is highly preferred
• Strong knowledge of LIHTC, HUD programs, IRS 8823 Guide, and HUD 4350.3 manual
• Excellent communication, relationship-building, and leadership skills
• Advanced proficiency with Yardi ; strong skills in Microsoft Office (Word, Excel, Outlook, PowerPoint) and SharePoint
• Ability to work in a fast-paced environment with strict deadlines; independent and self-motivated

Nice To Haves

• A college degree is preferred, but not required.

Responsibilities

• Lead, manage, and mentor compliance managers and staff
• Foster professional growth through teaching, collaboration, and coaching
• Provide training across compliance and other departments (individual and group)
• Foster collaborative, positive relationships with clients, agencies, investors, and ownership entities
• Assist the SVP of Compliance with planning and implementation of compliance measures at newly acquired or transitioning properties
• Participate in acquisition review calls to provide HUD/LIHTC expertise and risk assessment
• Contribute to development of compliance initiatives, reporting standards, and technology enhancements
• Ensure household certification files (move-ins, recertifications, terminations, gross rent changes, interim certifications) are fully compliant with program requirements
• Oversee compliance audits, internal file reviews, and pre-occupancy approvals for all affordable programs
• Monitor waitlists and EIV master binders for compliance with federal and state regulations
• Coordinate and respond to internal and external audits
• Oversee preparation of monthly/annual reporting to external agencies; prepare compliance reports for state housing agencies
• Oversee or directly prepare HUD submissions: HAP vouchers, OCAF adjustments, budget-based rent increases, management agent renewals, NSPIRE inspections, MOR inspections, and Resident Service Coordinator grant submissions
• Review and interpret HUD regulations, IRS 8823 Guide, and HUD 4350.3 manual to ensure organizational compliance
• Maintain comprehensive knowledge of all affordable housing compliance programs within the portfolio
• Provides superior customer service to residents and prospective tenants by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner
• Performs other duties assigned

Benefits

• Full-time positions (30+ hours/week) are eligible for 2 weeks paid vacation, 1 week sick and related leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed