Compliance Specialist

Company Overview

Asset Living is a third-party management firm and a proven partner in fostering thriving communities nationwide. Founded in 1986, Asset Living has decades of experience delivering exceptional value to our partners. Since the beginning, our undeniable passion has driven our organic growth from a small property management firm to one of the most trusted allies in real estate. Asset Living's growing portfolio includes a multitude of properties across the country that span the multifamily, single-family home rentals, affordable housing, build-to-rent, active adult, and student housing divisions.

Asset Living is a fast-growing company made up of talented individuals from diverse backgrounds that differentiate us and help us drive innovation and results for our clients and communities across the US. At Asset Living, we wholeheartedly believe 'Together We Lead, Together We Succeed’. We empower each other to lead by example, collaborate, and evolve – inspired by our belief that we can continually improve as individuals and as an organization. Together, we create an environment where every voice is heard, every idea is valued, and every individual experiences opportunities to grow as our company grows. When you join Asset Living, you become part of a dynamic team that thrives on unity, unique talents, and a universal culture of winning.

Recognized as one of the nation's Best and Brightest Places to Work and ranked in the NMHC top 50 professionals, join Asset Living because of its reputation as the most trusted partner in real estate, workplace culture, and growth opportunities. Asset Living is a member of The Institute of Real Estate Management (IREM) and is recognized as an Accredited Management Organization (AMO). Together, we lead the way, and together, we achieve excellence in all that we do. Join a workplace where success is a collective journey and leadership is a shared responsibility.

Compliance Specialist

The Compliance Specialist is responsible for monitoring, implementing, coordinating, and conducting compliance audits for each property to ensure that the resident files comply with various affordable program regulatory guidelines and standard policies and procedures.

Essential Duties & Responsibilities

• Oversee and maintain compliance with all assigned property program requirements.

• Act as the primary contact for all affordable agencies within the portfolio.

• Timely processing of utility allowance updates, rent/income limit changes, and annual adjustments to property certifications and within the software.

• Assist during the initial qualifying process of NEW construction lease-up properties and/or acquisition/rehab of existing properties (if applicable).

• Provide guidance and support to onsite teams and assist with compliance questions and resource location needs.

• Provide training options, recommendations, and mentors as needed.

• Provide clear directives to close audit findings and assist as needed

• Attend and/or monitor, prepare for, and respond to agency audits.

• Assist with the HUD-TRACS or MINC system billing/vouchers monthly review (if applicable).

• Identify, report, and escalate non-compliance issues to the Direct Report Supervisor and Compliance Director.

• Collect and input data into internal database/management systems accurately and timely.

• Engage and/or remain informed on all department, program, and agency updates or changes.

• Assist with investor and financial audits concerning compliance requirements.

• Conduct internal audits of assigned portfolios based on current Standard Operating Procedures and timelines.

• Complete all property reporting requirements accurately and on time.

• Assist in resolving compliance-related issues and discrepancies.

• Process applicable Helpdesk tickets efficiently and promptly.

• Maintain positive, professional, and effective communication with onsite staff, Portfolio Managers, Operations, and Compliance team members.

• Perform additional duties and functions as assigned by the Compliance Manager or Compliance Director.

Travel Requirement

• This position entails travel, estimated at up to 30% of work time annually. Travel may be required for property visits, conferences, training sessions, or other business-related activities.

Education & Experience

• High School Degree or equivalent

• Minimum 2 years’ experience in affordable program compliance and/or affordable property management experience including but not limited to: LIHTC, HUD, USDA-RD, HCD, HOME, and Bond.

• Professional Designations (HCCP, SHCM, CPO, COS, BOS, NCP, or equivalent) preferred

• Knowledge, understanding, and experience in affordable programs and multiple funding layers

• Strong knowledge of affordable housing regulatory compliance in: LIHTC, HUD, USDA-RD, HOME, Bond, or other Local Programs

• Strong administrative skills, highly motivated and organized with a positive attitude

• Experience conducting file audits, responding and closing out audits with agencies.

• Valid driver’s license and insured operable vehicle

This job description should not be considered all-inclusive. It is merely a guide of expected duties. The employee understands that the job description is neither complete nor permanent and may be modified at any time. At the request of their supervisor, an employee may be asked to perform additional duties or take on additional responsibilities without notice.

California and includes the range of factors considered in making compensation decisions including but not limited to skill sets; experience and training; certifications; etc. We would not anticipate that the individual hired into this role would be near the top end of the compensation range, but that decision will be dependent on the facts associated with each specific individual’s relevant experience for the role.  A reasonable estimate of the range is $65,000-$73,000.

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