Senior Compliance Specialist at Asset Living

San Jose, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Property ManagementIndustries

Requirements

Experience in compliance monitoring, implementation, coordination, and auditing for affordable housing programs
Knowledge of resident file compliance with regulatory guidelines, standard policies, and procedures
Familiarity with affordable housing agencies, HUD-TRACS, MINC systems, utility allowances, rent/income limits, and property certifications
Proficiency in data collection, input into internal databases/management systems, and software for certifications and billing
Ability to provide training, guidance, and support to onsite teams

Responsibilities

Oversee and maintain compliance with all assigned property program requirements
Act as the primary contact for all affordable agencies within the portfolio
Timely process utility allowance updates, rent/income limit changes, and annual adjustments to property certifications and within the software
Assist during the initial qualifying process of new construction lease-up properties and/or acquisition/rehab of existing properties (if applicable)
Provide guidance and support to onsite teams and assist with compliance questions and resource location needs
Provide training options, recommendations, and mentors as needed
Provide clear directives to close audit findings and assist as needed
Attend and/or monitor, prepare for, and respond to agency audits
Assist with the HUD-TRACS or MINC system billing/vouchers monthly review (if applicable)
Identify, report, and escalate non-compliance issues to the Direct Report Supervisor and Compliance Director
Collect and input data into internal database/management systems accurately and timely
Engage and/or remain informed on all department, program, and agency updates or changes
Assist with investor and financial audits concerning compliance requirements
Conduct internal audits of assigned portfolios based on current Standard Operating Procedures and timelines
Complete all property reporting requirements accurately and on time
Assist in resolving compliance-related issues and discrepancies
Process applicable Helpdesk tickets efficiently

Skills

Compliance

Real Estate Law

Regulatory Compliance

Property Management

Risk Assessment

Audit

Fair Housing Laws

Asset Living

Third-party property management for housing

About Asset Living

Asset Living specializes in managing various types of residential properties, including multi-family housing, campus housing, and affordable housing throughout the United States. The company provides a wide range of property management services, which encompass daily operations, maintenance, leasing, marketing, and financial management. This comprehensive approach helps property owners enhance their investments and achieve high occupancy rates. Unlike many competitors, Asset Living has a strong focus on diverse housing segments, allowing them to cater to different community needs effectively. With over 35 years of experience and a reputation for reliability, Asset Living aims to create thriving communities while delivering exceptional value to clients.

Houston, TexasHeadquarters

1986Year Founded

GROWTH_EQUITY_VCCompany Stage

Real EstateIndustries

501-1,000Employees

Risks

Rising interest rates may reduce demand for multi-family and affordable housing management.

Remote work trends could decrease demand for student housing management services.

Prefabricated construction trends may disrupt traditional property management models.

Differentiation

Asset Living is ranked No. 1 in student housing management for 14 years.

The company manages a diverse portfolio, including multi-family, student, and affordable housing.

Asset Living offers comprehensive property management services, enhancing client investment returns.

Upsides

Asset Living achieved a 95% occupancy rate in student housing, surpassing industry averages.

The company has a strong national presence, managing 100,000 units and 133,500 beds.

Asset Living's fundraising efforts align with social causes, enhancing its community reputation.

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