Compliance Quality Assurance and Auditing

The role

The Compliance Quality Assurance and Auditing Specialist ensures the affordable housing portfolio complies with federal, state, and local regulations. This person conducts audits, performs on-site inspections, and monitors compliance with HUD and LIHTC requirements.

What you will do

• Perform regular audits of property files, including resident files, lease agreements, and income verifications.
• 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 assess potential compliance risks and implement corrective action plans.
• Monitor and track compliance issues and ensure timely resolution.
• Advise property management staff on compliance matters and best practices.
• Maintain accurate and up-to-date records of all audits, inspections, and compliance reviews.
• Prepare reports summarizing audit findings and recommendations.
• Develop and conduct training programs for property management staff on compliance matters.

Required 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.
• Ability and willingness to travel nationwide approximately 85% of the time for on-site reviews and investigations.

Benefits

• Generous employer contribution for Medical Insurance through Meritain Health.
• Employer Paid Vision Plans.
• Company Matched 401(k) Retirement Plan: 100% of the first 3%; 50% of the next 2%.
• 12+ paid Holidays.
• 15 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.

About the company

Fairstead is a purpose-driven real estate firm dedicated to building affordable communities across the country. It operates as an integrated owner, operator, and innovator with a portfolio of more than 30,000 apartments.