• Compliance Manager

    Job Locations US-IL-Chicago
    Job ID
    3050
    Function
    Asset / Portfolio Management
    Location Name
    Related Midwest Office
  • Overview

    The Related Companies (Related) is the most prominent privately-owned real estate firm in the United States. Formed 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing, and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco, South Florida, Abu Dhabi and Shanghai and boasts a team of approximately 2,000 professionals.

     

    Related is one of the nation’s most active developers of affordable housing ranging from family, senior, urban, suburban, HOPE VI, SRO and intergenerational.  Related places a high priority on developing, acquiring and preserving housing for this sector.  In fact, over 60% of Related’s 50,000+ residential apartment homes are part of one or more affordable housing programs.  Related’s in-house expertise in all disciplines ensures that we consistently set new standards for creative design, financing, and management. 

     

    As an integrated affiliate of The Related Companies, Related Management Company (RMC) provides property management services to virtually all of Related’s portfolio of real estate assets.  Valued at over $15 billion, the portfolio includes residential, mixed-use, retail and commercial properties, including over 50,000 apartments within 350 properties, and over 10 million square feet of commercial, retail and mixed-use space. 

     

    Since inception in 1974, RMC has set an exceptional performance benchmark for responsive and professional management.  RMC’s mandate is to support the owners’ objectives by maintaining outstanding operational performance thereby building a reputation of excellence among owners and in the municipal and financial communities. 

     

    www.related.com 

    Responsibilities

    Your role with the company:

    Related Management has a rare opportunity for a hard-working, dynamic Affordable Housing Compliance Manager. The ideal candidate would be a detail oriented individual accustomed to working on a deadline driven schedule. The new hire will sit at our Germantown, MD office and will report to the Director of Compliance. This person must have the ability to function autonomously while also working in conjunction with coworkers located in other areas of the country.

     

    Your daily responsibilities:

    • Monitoring changes in HUD and LITHC regulations and requirements and implementing changes as indicated.
    • Maintain proper maintenance of tenant files and computer records to insure accuracy according to HUD and LIHTC regulations. This includes renewing of contracts for Section 8 participants, including interims and re-certification/review of income and household composition.
    • Determination of financial eligibility for all new admissions into the affordable program.
    • Processing of all new applicants.
    • Monitoring of waitlists, and EIV master binders for compliance with federal regulations and requirements.
    • Assist and review all 8823’s corrections and correspondence.
    • Participates in all tax credit reviews by outside entities.
    • Monitoring of re-certification notification letters in compliance with HUD and LIHTC regulations.
    • Attendance at weekly supervision meetings and departmental meetings as scheduled.
    • Perform programs training to educate and inform site teams of requirements and responsibilities.
    • Respond to inquiries, phone calls, correspondence, and email in a timely and responsive manner.
    • Facilitate and mediate communication with assigned clients and landlords as needed.
    • Remain familiar with current U.S. Department of Housing and Urban Development ever changing Federal Regulations as they relate to Section 8 Housing programs.

    Benefits and features:

    • 410K
    • PTO
    • Health
    • Vision
    • Dental

    Qualifications

    Key Skill Set:

    • Strong data management skills with significant attention to detail
    • Ability to read, comprehend and abstract regulatory agreements, etc. 
    • Effective communication skills; ability to interface effectively and professionally with executives, owners, asset managers, agency representatives, department staff.
    • Strong computer skills
    • Strong organizational skills
    • Ability to prioritize, track and manage multiple tasks.
    • Ability to work effectively independently and as part of a team of professionals
    • Must be able to prioritize and manage a wide variety of tasks
    • Ability to work well under stressful conditions
    • Must be prompt and dependable

    Background Profile:

    • Knowledge of, including but not limited to, HUD 4350.3, EIV, Reasonable Accommodation Requests, LIHTC income limits and rent calculations, Fair Housing, Real Estate Licensing
    • Must be willing to travel up to 50%
    • Able to work with minimum day to day supervision
    • COS certification minimum required, HCCP preferred
    • The position will require a flexible schedule with a willingness to stay late and finish projects.

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    Related is an Equal Opportunity Employer

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