What are the responsibilities and job description for the Tax Credit Analyst II - Compliance position at New Jersey Housing and Mortgage Finance Agency?
NOTICE OF VACANCY
THE EXECUTIVE DIRECTOR OF THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY INVITES APPLICATIONS FROM QUALIFIED CANDIDATES FOR THE FOLLOWING:
Job Title: Tax Credit Analyst II - Compliance
Salary Range: R11 ($64,893.01 - $91,324.23)
Division: Multifamily/Supported Housing and Lending
FL Status: Exempt
Issue Date: 4/2/25
Closing Date: 5/31/25
Union Status: Professional Bargaining Unit, Exempt
Employment Status: Full time
JOB DESCRIPTION
Under general supervision, and under Section 42 of the Internal Revenue Code and NJ QAP; monitor compliance requirements for recipients of tax credit awards; participate in presentations at Low Income Housing Tax Credits conferences and seminars; and perform related duties as required
JOB DUTIES AND RESPONSIBILITIES
a. Review analysis of rent calculations and the documentation, which supports the tenant's income certification to ensure that a tenant’s income does not exceed the applicable income limit under Section 42 of the Internal Revenue Code. Such documentation could include, but is not limited to, Federal Income Tax returns, third-party certifications, bank statements, and W-2 forms.
6. Notify building owners and the Internal Revenue of noncompliance with Section 42 of the code.
MINIMUM REQUIREMENTS
Education / Experience:
Tax Credit Analyst II (Range 11) - Four (4) year college degree; five (5) years of relevant experience in housing finance, accounting or tax credit syndications.
Skills
- Knowledge of computer programs, particularly MS Excel and MS Word.
- Knowledge of Section 42 of the Internal Revenue Code as well as HUD’s 4350.3 Handbook/Manual
- Knowledge of HMFA statutes and regulations.
- Ability to perform and analyze financial calculations and draw conclusions.
- Ability to analyze income.
- Ability to communicate effectively, orally, in writing and to listen actively.
- Ability to organize and accomplish multiple assignments simultaneously under time constraints.
- Ability to maintain a positive work atmosphere in an appropriate manner of behavior that ensures cooperation and effective communication with customers, clients, peers and management.
Physical Demands: Employees are required to access all areas of the developments, which requires extensive walking and climbing of stairs.
Working Conditions: General office environment; some travel is required
BENEFITS
- Medical, prescription, dental, vision & long term disability
- FSA & HSA
- Public Service Loan Forgiveness and Tuition Reimbursement
- Public Employees' Retirement System (PERS)
- Deferred compensation plans
- Employee assistance services (EAS)
- State employee discounts program
- Paid personal, sick and vacation days
- Paid holidays
- Partial Telework
Residency in the State of New Jersey is required of all employees with an agency of the State in accordance with the New Jersey First Act, N.J.S.A. 52:14-7 (L. 2011, Chapter 70). Employees must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
The NJHMFA is an Equal Opportunity Employer in compliance with all Federal, State and Local Regulations. NJHMFA provides equal employment opportunity to both individuals with veteran status and individuals with disabilities.
Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.
Salary : $64,893 - $91,324
