Compliance Quality Assurance and Auditing

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns a portfolio of more than 25,000 apartments across 28 states that includes 17,000 units under management. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management.

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator.

Fairstead’s Core Values: Innovation, Determination, Integrity, Humility, Empathy and Partnerships

The Compliance Quality Assurance and Auditing Specialist plays a crucial role in ensuring the ongoing compliance of our affordable housing portfolio with all applicable federal, state, and local regulations. This position will conduct regular audits and reviews to identify and mitigate compliance risks, ensure accurate and timely reporting, and support the organization in maintaining the highest standards of ethical and operational integrity.

RESPONSIBILITIES:

• Conduct Compliance Audits:
• Perform regular audits of property files, including resident files, lease agreements, income verifications, and other relevant documentation.
• Conduct on-site inspections of properties to assess compliance with physical and operational standards.
• Review and analyze financial records, including rent rolls, budgets, and financial statements.
• Monitor compliance with HUD regulations, LIHTC requirements, and other applicable laws and regulations.
• Identify and Mitigate Compliance Risks:
• Identify and assess potential compliance risks and develop and implement corrective action plans.
• Monitor and track compliance issues and ensure timely resolution.
• Advise property management staff on compliance matters and provide guidance on best practices.
• Prepare and Maintain Compliance Documentation:
• Maintain accurate and up-to-date records of all audits, inspections, and compliance reviews.
• Prepare reports summarizing audit findings and recommendations.
• Assist in the preparation of responses to regulatory inquiries and audits.
• Support Compliance Training:
• Develop and conduct training programs for property management staff on compliance matters.
• Stay abreast of changes in regulations and industry best practices.
• Other Duties as Assigned:
• Assist with the development and implementation of compliance policies and procedures.
• Participate in special projects as needed.

BENEFITS:

• Generous employer contribution for Medical and Dental through United Healthcare.
• Employer Paid Vision Plans.
• Company Matched 401(k) Retirement Plan: 100% of the first 3%; 50% of the next 2%.
• 12+ paid Holidays.
• 20 days of PTO.
• 7 Sick days.
• Employer Paid Life Insurance.
• Flexible Spending Account.
• Nationwide Pet Insurance.
• Disability Insurance.
• Laser Correction Discount.
• Employee Discounts on appliances, apparel, and more.

QUALIFICATIONS:

• Minimum of 2-3 years of experience in affordable housing compliance or a related field.
• Strong understanding of HUD regulations, LIHTC requirements, and other applicable laws and regulations.
• Experience with data analysis, report writing, and record keeping.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong attention to detail and accuracy.
• Excellent written and verbal communication and interpersonal skills.
• Proficiency in Microsoft Office Suite and property management software (e.g., Yardi, MRI).
• Ability to work independently and as part of a team.

Diversity in backgrounds and experiences is key to Fairstead’s success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.