Compliance Auditor

Utah Housing Corporation located in West Valley City, Utah is seeking to hire a full-time, experienced, self-directed individual for our Compliance Auditorposition in our Multifamily Finance Department. Do you want to work where your loyalty, hard work, and a job well done are recognized? Would you like to use your auditing, inspection, and compliance monitoring skills to contribute to an organization that makes a difference in your community? If so, Utah Housing Corporation may be the place for you!

This Compliance Auditorearns $45,000 - $58,500 depending on education and experience. Our comprehensive benefits and flexible work hours are great! They include employer contributions to Utah Retirement Systems (URS), and PEHP, with monthly contributions to an HSA. Dental and vision plans, as well as available medical and dependent care flex accounts. Group term life and accident insurance, a 401(k) plan, a 457 plan, an IRA, a Roth IRA, and other available benefits.

ESSENTIAL FUNCTIONS FOR OUR COMPLIANCE AUDITOR

• Coordinate with other department auditors to complete monthly inspection schedule and notify Multifamily Finance Assistant to send out notice of inspection.
• Audit and monitor for compliance for all Housing Credit projects consistent with §42 guidelines, state requirements, and FDIC's affordable housing program.
  • Complete tenant file reviews to determine whether the owner/management is qualifying tenants and following the programs' guidelines.
  • Determine whether the project meets the restrictive covenant requirements in the Land Use Restrictive Agreement (LURA).
  • Audit rent rolls, ledgers, optional/required fees, and utility allowance schedules to determine whether units are rent-restricted and within the rent limits.
  • Conduct project inspections following the Uniform Physical Condition Standards (UPCS) or the Real Estate Assessment Center (REAC) protocol. Inspections include all the low-income buildings and a sample of the low-income units in the project. The inspection areas are the Site, Buildings (Exterior/Interior), Building Systems, Common Areas, and units.

• Post-audit reporting includes entering audit results in compliance software, issuing audit results to appropriate parties, track corrections and completions.
• Issue non-compliance notices. Handle all aspects of the issuance of IRS form 8823.
• Oversee that owners/managers complete quarterly tenant and financial reporting in the Certification Portal (CP) compliance system. Communicate with owners/managers to ensure timely reporting. Issue Not in Good Standing letter to the owner when the project is out of compliance.
• Update Emphasys - MultiFamily Compliance database (Input new projects, owners, management companies). Utilize all aspects of the Emphasys compliance software.
• Monitor receipt of annual report information entered in CP. Review annual compliance reports, and update the Multifamily Finance Compliance database. Notify owners of non-compliance and notify IRS (if applicable).
• Support owners, managers, and on-site personnel with §42 compliance. Respond to phone calls and correspondence. Interface with IRS regarding issue resolution.
• Organize compliance training, prepare training manual, and collaborate with the compliance team to develop training presentations using different mediums (videos, webinars, training seminars).
• Contribute to updating compliance procedures and compliance forms.
• Attend/participate in training and conferences as approved.
• Overnight travel, responsible for driving Utah Housing vehicle and other duties as assigned.

QUALIFICATIONS FOR OUR COMPLIANCE AUDITOR

Education: Associate degree or equivalent

Experience: A minimum of 3 years of experience working in Section 42 housing is required.

Requires knowledge of MS Excel, PowerPoint, Outlook, Word, and Section 42 compliance

If you feel that your skills and experience are a great match, please complete our mobile-friendly application. We look forward to meeting you!

MORE ABOUT UTAH HOUSING CORPORATION

Our mission is to serve Utah's housing needs through finance and innovation, with high standards, honesty, and integrity at all levels. Utah Housing Corporation is an independent agency, totally self-supporting, and receives no funding from the State of Utah. We serve many roles that include, providing mortgage products to qualifying homebuyers and providing funding resources to developers of affordable housing.