Position Description: Under the direction of the Associate Director of Compliance, the Compliance Analyst will work directly with the Director of Compliance and Associate Director. This position that ensures compliance programs run efficiently, meet regulatory requirements, and deliver high-quality outcomes. Our goal is to maintain the organization is good standing with federal and state agencies, as well as all of our various compliance funder requirements. The Compliance Analyst needs to be well versed in all of the guidelines and regulations pertaining to Foundation Communities’ compliance programs, such as Low-Income Housing Tax Credits (LIHTC), HOME, TCAP Replacement Funds, HUD Section 8 Voucher, Housing Trust Fund, Neighborhood Stabilization Program (NSP), and Section 811.
Primary Duties/ Responsibilities
Oversee timely completion of approval of all recertification and new move in files. This consists of –
- Doing real-time data entry for properties compliance reporting
- Review files for calculation errors, i.e., SSI, SSDI, pay stub, employment verification forms, overtime, bonuses, etc-Back up to Sr Compliance Analyst
- Changes/updates to required forms such as Under/Over $5,000 asset form, Cert. of Zero Income form, etc.
- Develop and improve quality control and assurance processes to ensure timely, accurate, and complete compliance reviews
- Send out notification for compliance reports & announcements
- Answer questions on the Direct Channel
- Research files for PM to give updates
- Process funder request & do date entry of the COA & TSHAC Reporting
Oversee timely completion and accuracy of monthly and quarterly compliance reports for internal use -
- Match files received and approved to monthly report to verify income, rent, HH size, etc. is being noted on the compliance report correctly.
- Match IC’s to compliance report and files approved to be sure all information on IC match’s what was approved
- If file was not received, ask for approval page from property staff.
- If IC and all necessary forms are incorrect, request corrected pages to be scanned and saved to the server.
- Monthly compliance report information updated to TDHCA/CMTS and MDSI each month for applicable properties.
- Assist the Director of Compliance and Associate Director with all compliance related issues.
- Work with on-site Property Management staff relating to lease file compliance.
- Maintain full knowledge of the rules and regulations of each compliance program.
- Attend training on a regular basis to stay current with any program changes and/or updates.
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