• Operational Risk Coordinator

    Job Locations US-TX-Austin
    Job ID
    4419
    Function
    Property Management
    Location Name
    Riverside Townhomes
  • Overview

    Company Information

    • Affordable housing laid the foundation of Related Companies and we continue to place a high priority on developing, acquiring and preserving housing for this sector.
    • Over 60% of our 50,000+ residential apartment homes under our management are part of one or more affordable housing programs, and an additional 20% of these homes provide workforce housing.
    • In the area of acquisitions and refinancing, we pursue properties that meet one of the following criteria:
      • Section 8 properties with project-based contracts
      • Section 236 properties in need of rehabilitation
      • Section 42 LIHTC properties with expiring low-income restrictions
      • Section 515 FmHA properties with loans that can be prepaid
      • Other assisted properties, including HODAG, HOME, federal or state-financed public housing.
    • Many of the buildings we encounter are in need of substantial upgrading and preservation in order to continue to properly fulfill the needs of their tenants.
    • Given our 45 years of experience in debt and equity financing – as well as our extensive management of government-assisted properties – we are well positioned to buy out existing owners who lack the resources and experience to recapitalize and, therefore, wish to exit the affordable housing arena

    Responsibilities

    The Operational Risk Coordinator is an RMC Corporate role.  It is a role that supports the development and execution of the risk and control framework (policies, guidelines, SOPs, etc.) to accurately track and evaluate operational and compliance risk across a portfolio of assets.  This position interfaces directly with RMC Corporate Operations to ensure site-level administrative compliance of all affordable programs – which will include audit, training, process development, among others.  The Operational Risk Coordinator must also work with and on behalf of Ownership to execute effective annual administrative operating cycles, ensuring all regulatory requirements are completed, and liaise with the various governmental agencies, housing authorities, and other stakeholders to maximize economic outcomes, and minimize operational risks.  From time to time, this position may be called upon to perform corporate or ad-hoc projects to meet business needs.  The position requires proven success demonstrating leadership, problem-solving, decision-making, multitasking, and organizational skills.  The Operational Risk Coordinator’s schedule requires a minimum of 40 hours per week, and may include weekends and overtime, and travel, as needed.

     

    The Affordable Housing Compliance Specialist is responsible for maintaining compliance with HUD and Low Income Housing Tax Credits.

    • 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.

     

     

    Qualifications

    • Individual in this position should possess strong organization skills and a detail oriented approach. Strong computer literacy skills are essential to this position. Must have certification in low income housing tax credits. Knowledge of HUD, HOME, RAD, and Tax Exempt Bonds requirements and experience are a plus. Good verbal and written communication skills are also required.

      • Must be able to prioritize and manage a wide variety of tasks
      • Ability to work well under stressful conditions
      • Must be prompt and dependable
      • Able to work with minimum day to day supervision
      • Must be willing to travel up to 50%
      • COS certification minimum required, HCCP preferred

    #CB2

     

    Related is an Equal Opportunity Employer. 

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