LIHTC Compliance Analyst

JOB DESCRIPTION

Location:  Hybrid | Cleveland, USA

Duration: 12 months

Our client a leading financial institution in Cleveland, USA  is looking for a  LIHTC Compliance Analyst to be responsible for the collection and review of an assigned portfolio of 100% initial tenant file reviews during the lease up of a property and assigning appropriate Compliance risk ratings The successful candidate will have the opportunity to work with one of the Top 5 Banks in Canada.

Typical Day in role:

  • Communicate non-compliance issues to the attention of the V.P. of Asset Management Operations for corrective actions.
  • Analyzes, summarizes, and reviews data; accurately reports findings, interprets results, and/or makes recommendations on annual state inspections. Pursue receipt of clearance documentation for any noted deficiencies or 8823 filings.
  • Responsible for maintaining property files for Compliance on the Community Investments shared server, in addition to entering data into the Asset Management database.
  • Maintain current knowledge on modifications to the various funding programs utilized for Affordable Housing properties.
  • Assumes special projects as assigned.
  • Proactively identify operational risks/ control deficiencies in the business
  • Review and comply with the Firm Policies applicable to your business activities
  • Escalate operational risk loss events, control deficiencies, and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.

Must-Have Skills:

  • Associate’s Degree in Business, plus a minimum of two years’ experience in multi-family real estate finance or rent-restricted multifamily asset or property management
  • Five to seven years’ experience in multi-family real estate finance or rent-restricted multifamily asset or property management
  • Proficiency in MS-Outlook and MS-Office applications
  • Strong organizational skills with the ability to coordinate complex activities, prioritize conflicting demands, and meet deadlines
  • Keen analytical skills and attention to detail
  • Strong interpersonal skills, highly motivated, and able to work independently
  • Excellent verbal and written communication skills

Nice-To-Have Skills:

  • Work in MRI Software applications
  • Working knowledge of the LIHTC program and the IRS 8823 Guide
  • Tax Credit Certification from a recognized and reputable agency

Soft Skills Required:

  •  English, written and verbal

Education:

  • Highest Education

Finance professional is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. We advocate for you and welcome anyone regardless of race, color, religion, national origin, sex, physical or mental disability, or age.