Tesoro Group is seeking an experienced Director of Compliance to join one of our long-term clients' team for their Minnesota Metro Portfolio. The ideal candidate will have 4-5 years' experience in Compliance roles, at least 2 years in a leadership/management role – experience with multiple layers of funding requirements such as Low-Income Housing Tax Credits (LIHTC) – Section 42, Section 8 – vouchers, and other Affordable Housing Programs (HOM/HUD). The ideal candidate will be able be able to manage, organize and delegate tasks accordingly to the team. This role is a direct hire role.
The Director of Compliance is responsible for all aspects of housing compliance including ensuring that agency operations, programs, files, and record keeping comply with organizational policies and procedures, HUD regulations, as well as with federal, state, local, and fair housing laws.
This role will be focused out of the Golden Valley (55422) Corporate office, and will be responsible for the following properties in the portfolio: Saint Paul, MN 55114, Bloomington, MN 55431, Bloomington, MN 55431, Bloomington, MN 55438, and Rosemount, MN 55068.
Salary: Targeting $100,000k salary DOQ – this role is a direct hire.
Schedule: Monday – Friday 8am – 430pm – weekends and evenings needed during special projects and peak seasons.
Responsibilities and Job Duties: The Director of Compliance will conduct reviews, lead training sessions, investigate allegations of non-compliance, develop reports, and make recommendations for corrective actions as needed. The individual must work collaboratively as a part of a team and commit to high-performance and high-quality customer service. Conduct reviews of agency operations, programs, policy & procedures, tenant files, and other pertinent records to ensure compliance with LRHA and federal requirements. The Director of Compliance will have a solid background in multiple affordable housing programs, to include at minimum Project-Based Section 8 (PBRA) and Housing Tax Credit (LIHTC/Section 42). The Director will have a history of supervisory work; at least 5 years of experience working with the mentioned programs - with the HOME program being a plus; and a history of transmitting HUD vouchers and working in HUD's Secure Systems, including EIV. The Director will need to have strong computer, organizational and management skills. Managing a small team compliance specialist, including providing guidance, assistance, training, and support and handling personnel needs. Maintaining compliance for a small portfolio, including certification review and approval, including income calculation. Training new management staff in their property's affordability requirements; submitting TRACS files and monthly HUD vouchers, as well as resolving any errors; Processing HUD Special Vacancy Claims; Hold weekly staff meetings via Zoom or Teams; Running reports and resolving errors found in the Enterprise Income Verification System; Assisting with as well as preparing and submitting annual HOME and HTC project reports. Assisting with, as well as preparing, submitting documentation and files, and responding to file reviews for the assigned monitoring agency. Managing the compliance for new tax credit properties during the lease-up period to ensure the property's complaint status for the 1st year, including direct review, calculation, and approval of certifications. Setting up newly managed affordable properties in Yardi Voyager. Remain up to date on all program changes by attending (either virtually or in-person) at least 2 industry training courses per year; Maintain at least two affordable housing certifications. Develop, implement, and maintain compliance policies and procedures, training tools, as well as certification and lease forms as they relate to affordable housing. Provide high-level support to corporate staff and property owners as needed, including assisting with urgent projects as they relate to affordable housing when possible. Working knowledge of the following programs required: Microsoft 365, including Outlook, Excel, Word, PowerPoint, Teams, and SharePoint; Yardi Voyager Affordable; HUD's Secure Systems, including EIV and TRACS. Adobe Acrobat Pro Form skills a plus. Other responsibilities as assigned by the VP of Property Management as needed. Qualifications and Experience: 4-5 years' experience in a Compliance role, at least 2 years in a leadership/management role: with multiple layers of funding requirements such as Low-Income Housing Tax Credits (LIHTC) – Section 42, Section 8 – vouchers, and other Affordable Housing Programs (HOM/HUD)– this also includes advanced knowledge of local, state, and federal requirements. 4-6 years in property management within affordable housing communities. Working knowledge of the following programs required: Microsoft 365, including Outlook, Excel, Word, PowerPoint, Teams, and SharePoint; Yardi Voyager Affordable; HUD's Secure Systems, including EIV and TRACS. Adobe Acrobat Pro Form skills a plus.
