What are the responsibilities and job description for the Senior Vice President of Compliance - Multi-Family Affordable Housing position at Pratum Companies?
Senior Vice President of Compliance (Multi-Family Affordable Property Management)
The Senior Vice President of Compliance provides leadership and operational oversight for the organization’s Compliance Department. This role ensures adherence to all affordable housing programs: LIHTC (Section 42), HUD Project-Based Section 8/PBRA/PBV, HUD Handbook 4350.3, TRACS, layered program properties, HOME, Bond, fair housing (FHA, Section 504, VAWA), and HOTMA/NSPIRE/MOR readiness). This role will lead all aspects of Compliance program planning and implementation, leads compliance staff, manages day-to-day compliance activities, oversees file reviews and reporting, and acts as a subject matter expert for internal teams, ownership entities, and regulatory agencies.
Note: This position is not remote, and will be based geographically in the Washington, DC metro region in order to work in the company's Gaithersburg, MD headquarters location. Relocation assistance available for highly qualified candidates not currently residing in DC/MD/VA.
The Senior Vice President of Compliance is directly responsible for the following:
- Lead, manage, and mentor compliance managers and staff; foster professional growth through teaching, collaboration, and coaching.
- Provide training across compliance and other departments (individual and group).
- Foster collaborative, positive relationships with clients, agencies, investors, and ownership entities.
- Plan and implement compliance measures at newly acquired or transitioning properties.
- Participate in acquisition review calls to provide HUD/LIHTC expertise and risk assessment.
- Contribute to development of compliance initiatives, reporting standards, and technology enhancements.
- Ensure household certification files (move-ins, recertifications, terminations, gross rent changes, interim certifications) are fully compliant with program requirements.
- Oversee compliance audits, internal file reviews, and pre-occupancy approvals for all affordable programs.
- Monitor waitlists and EIV master binders for compliance with federal and state regulations.
- Coordinate and respond to internal and external audits.
- Oversee preparation of monthly/annual reporting to external agencies; prepare compliance reports for state housing agencies.
- Oversee or directly prepare HUD submissions: HAP vouchers, OCAF adjustments, budget-based rent increases, management agent renewals, NSPIRE inspections, MOR inspections, and Resident Service Coordinator grant submissions.
- Review and interpret HUD regulations, IRS 8823 Guide, and HUD 4350.3 manual to ensure organizational compliance.
- Maintain comprehensive knowledge of all affordable housing compliance programs within the portfolio.
- Provides superior customer service to residents and prospective tenants by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner
- Performs other duties assigned
Certifications: Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent).
Education: A college degree is preferred, but not required. The position requires the ability to read, speak, and write English fluently, reflecting and representing the company professionally with all stakeholders, and the ability to accurately perform mathematical functions and the ability to understand and perform all software functions.
Professional Experience: A minimum of twelve (12) or more years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties, including 7 years leading a team in management roles across a comparable portfolio including team leadership, training and performance management.
Skills:
- Strong knowledge of LIHTC, HUD programs, IRS 8823 Guide, and HUD 4350.3 manual.
- Excellent communication, relationship-building, and leadership skills.
- Advanced proficiency (7 years hands-on) with Yardi affordable; strong skills in Microsoft Office (Word, Excel, Outlook, Teams, PowerPoint, SharePoint, etc.).
- Ability to work in a fast-paced environment with strict deadlines; independent and self-motivated.
This role is exempt and has an anticipated annualized base salary range of $200,000-$235,000 for a new employee depending on a number of relevant factors including individuals’ experience, qualifications, knowledge, skills, abilities, client/property or company budgetary limitations/guidelines, and other job-related company and market considerations. This position may be eligible to receive discretionary and/or performance-based bonuses on a spot or annual basis, which are variable depending on individual merit/performance, budgetary limitations, company performance, and other job-related factors. Full-time positions (30 hours/week) are eligible for 2 weeks paid vacation, 1 week sick and related leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website. To learn more about our company and our benefits, go to: https://pratumco.com/careers/
Pratum Companies is committed to a diverse workforce and is an Equal Opportunity Employer.
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Salary : $200,000 - $235,000