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Compliance Director

Irvine, California

Overview

Avanath is proud to be named one of the top property management companies to provide affordable housing for the work force. 

Cultivating the American Dream is the purpose that binds the Avanath team. At Avanath, every day is an opportunity to make a difference in someone's life. Whether it is helping residents call one of our communities’ home, providing excellence in customer service, or championing our workforce, we are committed to creating an unforgettable experience as a great place to live, work and be. 

The Role:  The incumbent in this role will be responsible for managing compliance team members and ensuring adherence to all LIHTC and HUD program requirements. The Director of Compliance reports to the Vice President of Compliance. 

The incumbent in this role must possess a high degree of professionalism and positive engagement for our residents and the workforce.

  • An Aptitude for Connecting - Must possess a strong sense for creating a sense of community, as well as the drive to go the extra mile to create a positive experience for all residents and staff. Your success and purpose are driven by the relationships that you build within your communities including vendor partners, regulatory and social services partnerships.  This Includes adopting a collaborative approach to create consistent favorable circumstances that foster success and effectiveness for the Organization and the communities.
  • An Authentic Attitude - Consistently demonstrate an open and professional attitude and approach when accessing and resolving resident and staff concerns.  This Includes, but Is not limited to, seeking resources throughout the organization via the organizations' support services and senior leadership. 
  • An Approach that is positive and Professional - Consistently demonstrate an approach of active listening and understand that your participation and support are integral to the success of Avanath, ensuring that each resident and staff feel seen, heard and valued as you and the staff work to resolve challenges.

Qualifications

  • A minimum of 7 years of experience in LIHTC and/or Section 8 housing programs required. 
  • Bachelor’s degree or equivalent work experience required. 
  • A COS and/or TCS or similar certification is required. 
  • Thorough understanding of the low-income tax credit (LIHTC) program, including LIHTC or comparable certifications/experience. 
  • Ability to organize, prioritize, and complete job assignments concurrently in a timely manner while meeting strict deadlines. 
  • Strong leadership skills with the ability to lead by example. 
  • Strong mathematical acumen. 
  • A comprehensive understanding of affordable  housing Marketing Guidelines, Fair Housing, and Rent Stabilization guidelines. 
  • Proficiency with Microsoft Office Suite (expert Excel functions preferred) 
  • Proficiency with Yardi & Rent Café property management software, a plus.  

Key Accountabilities 

  • Completing monthly Section 8 HUD vouchering process via Yardi for all properties within the portfolio. 
  • Working with CGI or directly with HUD on any reconciliation reports received·  
  • Reviewing and approving recertification and move-in packages prepared by Compliance Specialists after review by Compliance Managers. · 
  • Visiting sites to meet with Compliance Specialists and Property Management staff to review recertification and move-in packages, tracking, and follow-up. ·  
  • Working with the site management team and staff to ensure all annual recertifications and move-in files for Section 8, 236/Mitchell-Lama & LIHTC are completed timely and properly pursuant to agency guidelines. ·  
  • Running and analyzing reports on a weekly and monthly basis to monitor recertification status, pending or past terminations, EIV discrepancies, etc.·  
  • Overseeing preparation for annual management reviews (MOR). ·  
  • Responding to requests for information on tenant certifications from investors. ·  
  • Generating and processing HUD EIV reports for property management.  
  • Preparing OCAF increase request paperwork, including utility baselines as needed. ·  
  • Preparing and submitting Special Claims. ·  
  • Oversight of budget-based rent increase data collection and analysis. ·  
  • Aiding in the development of strategic compliance measures for the Company. ·  
  • Directly supervising compliance team members, ensuring agency guidelines are implemented and adhered to. ·  
  • Assisting with special projects as needed. 

 Physical Demands & Working Conditions  

  • The incumbent in this is classified as essential staff and is expected to report to work and adhere to all safety and business protocols.  
  • Frequent sitting and walking 
  • Travel within the region and to other business offices and events via airline, trains, and automobiles 
  • Repetitive use of computer, keyboard, mouse, and phone  
  • Reading, comprehending, writing, performing calculations, communicating verbally.  
  • May work in an elevated site, may walk on uneven ground.  
  • Occasional squatting, bending neck/waist, twisting neck/waist, pushing, and pulling.  

How Avanath Supports You 

We know that our teams are the heart of our success and growth, and we are committed to showing our appreciation.

We offer:

  • Culture Built on Purpose and Core Values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
  • Comprehensive Benefits – health, dental & vision, 401(k), personal time off, paid holidays and more!
  • Growth that is based on achievement and an emphasis on promoting from within our ranks versus just external candidates.
  • Development – a commitment to creating opportunities to learn and expand your knowledge in the industry from online training platforms to training classes to one-on-one coaching.

Diversity & Inclusion 

Avanath Capital is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion. Our human capital is the most valuable asset we have, and Diversity, equity, and inclusion (“DEI”) are at the very core of Avanath’s operating and investment philosophy. We believe that bringing together people with diverse thoughts, backgrounds, talents, and experiences at all levels of our organization, including the executive team, enables us to proactively and creatively achieve our mission to enable opportunities for hard-working American families. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part our culture, our reputation and our achievements. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. Our organization’s diversity initiatives include—but are not limited to—our practices and policies on recruitment and selection; compensation and benefits; professional development and training; promotions; transfers; and the ongoing development of a work environment built on the premise of gender and diversity equity that encourages and enforces:

+       Respectful communication and cooperation between all employees.

+       Teamwork and employee participation, permitting the representation of all groups and employee perspectives.

+       Work/life balance through flexible work schedules to accommodate employees’ varying needs.

+       Employer and employee contributions to the communities we serve to promote a greater understanding and respect for diversity.

 

 

Compensation Range

Compensation Range

$100,000 - $122,000 USD

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