What are the responsibilities and job description for the LIHTC Compliance Analyst position at Walker & Dunlop, LLC?
Department: Affordable Housing | Equity - Asset Management We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. Department Overview W&D Affordable Equity (formerly Alliant Capital) is a leading tax credit firm focused on tax credit syndication for the development and financing of affordable multifamily rental housing. As a syndicator of Low-Income Housing Tax Credits (LIHTC), W&D Affordable Equity raises corporate equity and monitors the development, construction, lease-up, and permanent financing phases of its investments. With a dedicated team of experienced real estate, asset management, legal, and tax professionals, we provide the highest level of fully integrated real estate and investment support services. The Impact You Will Have As a LIHTC Compliance Analyst, you will be responsible for performing complex analysis related to compliance monitoring. You will primarily be reviewing tenant files and analyzing data to determine household eligibility for the Section 42 tax credit housing program. Additionally, you will be reviewing all applicable forms such as income and asset verifications, applications, leases, Section 8 documentation, and household status, child support, student, and unemployment affidavits. Primary Responsibilities Use advanced compliance skills to solve complex issues and proactively mitigate risk. Review all applicable forms such as: income and asset verifications, applications, leases, Section 8 documentation, and household status, child support, student, and unemployment affidavits. Report any potential compliance issues found during property file reviews to the Senior Compliance Analyst and Director to evaluate the overall compliance risk and seek resolution. Collect and review Annual Owner Certifications. This includes a review of resident data to confirm household eligibility and ongoing property compliance. Collect and review State Compliance Audits and report on any non-compliance items resulting in 8823’s. Maintain an organized system for correspondence, memos and reports. Assemble and prepare the request package for the annual file review. Assist with initial tenant file reviews when a Senior Compliance Analyst is not available. Assemble and create File Transfer Protocol (FTP) folders for compliance related items. Maintain virtual file storage systems and compliance data in Alliant Central Station (ACS) database to ensure the integrity of all data. Communicate with co-workers, management, and clients in a courteous and professional manner. Abide by all regulations, policies, and work procedures. Perform other job duties or special projects as needed or assigned. Attendance is generally required from 8:30 am to 5:30 pm local time, Monday through Friday, with the option to work remotely for up to two of those days. Education and Experience Bachelor’s degree in business, real estate, finance, accounting, or equivalent experience. 2 plus years’ experience in Section 42 Low Income Housing Tax Credit Compliance or Affordable Multi-Family Housing programs preferred. Low-Income Tax Credit Housing certification preferred. Knowledge, Skills, and Abilities Knowledge of general administrative procedures and operation of standard office equipment and technology. Computer literacy and experience working with MS Office software programs including Word, Excel, Adobe and Outlook. Experience with OneSite and Yardi preferred. Excellent oral and written communication skills - the ability to speak clearly and persuasively in all situations, demonstrate group presentation skills, and conduct meetings including excellent spelling, grammar, and proof-reading abilities. Continual attention to detail in composing, typing and proofing materials. Ability to establish priorities, meet deadlines, multi-task, and think critically. Ability to problem-solve creatively and timely, gathering and analyzing information skillfully. Exceptional interpersonal skills. Must be able to interact and communicate professionally with individuals at all levels of the organization and handle sensitive and confidential situations independently or as part of a team. Ability to exercise sound judgement and effectively manage and administer sensitive and confidential information. Self-starter who can work in a productive independent fashion and function well in a team environment. Ability to show ownership of your work, embrace challenges and growth opportunities, and demonstrate patience when learning new processes. Demonstrates courtesy, respect, and thoughtfulness when teaming with colleagues and collaborating with stakeholders. This position has an estimated base salary of $65,000 - $75,000 plus discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data. #LI-MJ1 #LI-Hybrid What We Offer The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023 Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include: - Up to 83% subsidized medical payroll deductions - Competitive dental and vision benefits - 401(k) match - Pre-tax transit and commuting benefits - A robust health and wellness program – earn cash rewards and gain access to resources that promote health, engagement, and balance - Paid maternity and parental leave, as well as other family paid leave programs - Company-paid life, short and long-term disability insurance - Health Savings Account and Healthcare and Dependent Care Flexible Spending Career development opportunities Empowerment and encouragement to give back – volunteer hours and donation matching *Eligibility may vary based on average number of hours worked EEO Statement We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information. We strive to be a safe place to ask questions, build professional relationships, and develop careers. SPAM Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process. Fair Chance Hiring Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws. Our experience is the combination of everything that’s unique about our culture, our core values, our company meetings, our commitment to success, our recognition programs, but most importantly, it’s our people. Our employees are self-disciplined, hardworking, curious, trustworthy, humble and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in our area.
Salary : $65,000 - $75,000