Compliance Specialist (LIHTC) - Highmark Residential, LLC

Location:

Houston, Texas

Why Highmark Residential?

Because every position is considered critical to Highmark’s success and reputation, we take care to employ those who aspire to become the best in their field. Those who succeed at Highmark will do so because they enjoy an empowered, challenging, fulfilling, and financially rewarding workplace!

Why we need you:

The Compliance Specialist is responsible for assisting with all property compliance for LIHTC, HUD, Bond, and other state-specific programs. Assist with training on-site associates for Yardi data entry and compliance. The Compliance Specialist will work closely with the Property and Regional Managers, as well as ownership and corporate staff.

What Highmark can do for you:

• Help you achieve your goals by continuous professional development and regular career progression sessions
• Competitive pay for the market
• Monthly bonus opportunities for all site associates
• 30% associate rent discount
• Medical, Dental & Vision benefits the 1^st of the month following 30 days of full-time employment
• Company-provided life insurance, short term and long term disability coverage
• Flexible Spending accounts
• 401(k) eligibility after 90 days, with 4% Highmark match
• Professional Certification & Tuition reimbursement
• Vacation, Sick and Personal Time off available to use after 90 days
• 10 paid holidays
• Paid parental leave

Essential functions include (but are not limited to):

• Provide daily phone and e-mail support for properties regarding Yardi Affordable and other technical programs
• Schedule, prepare classroom facilities and conduct training for on-site associates on Yardi’s Affordable software
• Review and Audit file and system compliance for various affordable programs and set-asides
• Ensure sites are maintaining appropriate set-asides as outlined in the regulatory agreements
• Monitor and audit accuracy of Tenant Income Certification, backup within the files and Yardi data
• Provide feedback to the property manager on audit results and provide additional training on errors found
• Maintain good communications with external compliance auditors and get issues resolved quickly and accurately
• Assist with meeting reporting requirements to external entities, such as TDHCA, FHFC, HUD, etc.
• Coordinate timely weekly and month-end closings and perform reviews of data submitted
• Perform reconciliation, research and troubleshoot discrepancies as related to the rent roll and accounts receivable
• Review pre-close reports, distribute correction notices and ensure completion of corrections by month-end close deadline
• Work with accounting personnel to resolve on-site accounting discrepancies
• Maintain training calendar working with other departments with training needs
• Create or modify training materials for web-based and live training classes
• Lead lease file audits during due diligence; perform rent roll setup and assist in acquisition setups and dispositions
• Perform property file audits and re-audits as needed

Qualifications:

• On-site experience and previous bookkeeping required
• 2-5 years previous compliance experience with LIHTC, Project-Based Section 8 or Bond required
• 1-2 years previous compliance experience with state-specific affordable programs strongly desired
• Extensive experience with the Affordable module in Yardi, including on-site processes and controls
• Extensive experience and knowledge of Federal affordable programs as well as state-specific affordable programs
• Microsoft Office skills – Word, Excel and PowerPoint
• Possess excellent writing and communications skills, including proper grammar and email etiquette
• Ability to speak in front of groups of people
• Able to travel overnight as required, approximately 30%
• Ability to coordinate activities and meet deadlines
• Ability to collaborate with peers on training and support objectives

#CORP

Req. ID: 2024-5641