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Regional Compliance Specialist

Company Description

At Cirrus Asset Management, we are dedicated to providing exceptional property management services to property owners and residents alike. With our expertise and passion for real estate, we strive to create a seamless and rewarding experience for all parties involved.

Our company culture is defined by its unwavering commitment to integrity, empowerment, respect, teamwork, innovation, and exceptional customer service. These values shape our everyday actions and guide us in achieving our mission and serving our clients effectively. 

What's in it for you?

  • Paid Holiday, Sick, and Vacation Time
  • Health Insurance
  • Life Insurance
  • Dental Insurance
  • Vision Insurance
  • 401k Plan
  • Healthcare Spending or Reimbursement Accounts such as HSAs, FSAs, HRPs, and HRAs

Job Description

As a Regional Compliance Specialist at Cirrus, you will ensure properties adhere to regulatory requirements from agencies like LIHTC, HUD, and local jurisdictions. Key responsibilities include managing compliance tasks such as audits, inspections, reporting, and maintaining updated policies and procedures. You will support and train staff on compliance and property management systems like Yardi, fostering strong relationships with stakeholders. While not a supervisory role, this position is critical in guiding site staff on compliance practices and effectively communicating with management teams.

Essential Duties and Responsibilities: 

  • Compliance Oversight: Ensures Cirrus properties comply with all regulatory requirements (e.g., LIHTC, HUD, HOME) and manages tools like Secure Systems and SAVE. Conducts file reviews, audits, and research on applicable laws and client agreements.
  • Communication: Reports compliance issues, develops corrective action plans, and communicates financial risks (e.g., payment delays, LIHTC violations). Keeps teams updated using tracking tools and workflows.
  • Professionalism: Meets deadlines, maintains organized records, and communicates clearly with staff and stakeholders. Upholds confidentiality and fosters professional relationships.
  • Collaboration and Problem-Solving: Works with cross-functional teams to streamline processes, adapt to regulatory changes, and improve compliance operations. Develops innovative solutions to enhance efficiency.
  • Support and Training: Provides tailored support to teams, increasing their independence through training, milestones, and resources like the 4350.3 and LIHTC guide 8823. Responds promptly to support requests and escalates when needed.

Qualifications

Required Skills:

  • Capable of communicating clearly and influentially with stakeholders at all levels, both verbally and in writing.
  • Maintains composure and remains unflustered, even under pressure.
  • Understands goals, develops plans, and delivers results.
  • Skilled in developing scopes of work, obtaining proposals, negotiating with vendors, and overseeing project execution.
  • Efficiently balances multiple competing priorities.
  • Focused on finding solutions that are as close to optimal for all parties involved.
  • Understands the importance of details while keeping the big picture in mind.
  • Embraces new technology to deliver faster and better results.

Education/Experience:

  • 5+ years of experience in the affordable housing compliance, property management, or a related field - Required
  • 5+ years’ auditing files 
  • 5+ years’ experience with Yardi’s affordable housing platform, or similar, and Microsoft Office 365 products
  • Associate degree preferred, or equivalent experience. - Required

Certificates and Licenses:

Industry certification such as COS, HCCP, CPM, CAM or similar preferred

25% travel to multiple states. 

Looking for candidates in the Pacific time zone. Required

Additional Information

Annual Salary - $70,000

The above job description is not intended to be an all-inclusive list of duties and standards of the position.

We are an equal opportunity employer and all applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We will consider for employment qualified applicants with criminal histories. 

All your information will be kept confidential according to EEO guidelines.

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Average salary estimate

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$70000K
$70000K

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What You Should Know About Regional Compliance Specialist, Cirrus Asset Management

At Cirrus Asset Management, we are on the lookout for a dedicated Regional Compliance Specialist to join our awesome team in sunny Denver, CO! In this role, you’ll play a crucial part in ensuring that our properties meet various regulatory standards set by agencies like LIHTC, HUD, and local jurisdictions. You’ll rarely be bored, as your day-to-day responsibilities include managing compliance tasks such as audits and inspections, reporting, and maintaining our updated policies and procedures. Your impact will be felt all around as you provide support and training to our staff on compliance matters and property management systems, like Yardi. Although this position isn't supervisory, your guidance will help our site staff navigate compliance practices effectively. You’ll be the go-to person for communication regarding compliance issues and financial risks, all while nurturing professional relationships with stakeholders. We aim to uphold integrity and teamwork, so your collaboration with cross-functional teams will be essential in streamlining processes and developing innovative solutions. If you're passionate about the details and can keep a keen eye on the bigger picture, then we’d love to have you on board at Cirrus Asset Management, where we’re not just about property management, but building a thriving community too!

Frequently Asked Questions (FAQs) for Regional Compliance Specialist Role at Cirrus Asset Management
What are the responsibilities of a Regional Compliance Specialist at Cirrus Asset Management?

As a Regional Compliance Specialist at Cirrus Asset Management, your primary responsibilities will include ensuring that properties comply with LIHTC, HUD, and local regulations. You will manage compliance tasks such as audits, inspections, and reporting, while also maintaining updated policies and procedures. Moreover, a big part of your role will involve training staff on compliance systems like Yardi and fostering strong communication with stakeholders to resolve compliance issues efficiently.

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What qualifications are needed for the Regional Compliance Specialist position at Cirrus Asset Management?

Candidates applying for the Regional Compliance Specialist role at Cirrus Asset Management should ideally have over 5 years of experience in affordable housing compliance or property management, as well as experience with auditing files. Familiarity with Yardi’s affordable housing platform and Microsoft Office 365 is required. An associate degree is preferred, along with industry certifications such as COS, HCCP, CPM, or CAM to enhance your skills.

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What skills are essential for a Regional Compliance Specialist at Cirrus Asset Management?

Essential skills for the Regional Compliance Specialist role at Cirrus Asset Management include excellent communication abilities, both written and verbal, especially when interacting with stakeholders. Additionally, problem-solving skills, the ability to manage multiple priorities effectively, and a detail-oriented mindset are vital. Proficiency in utilizing technology for compliance tasks will also be an advantage in this fast-paced environment.

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Is travel required for the Regional Compliance Specialist position at Cirrus Asset Management?

Yes, the Regional Compliance Specialist position at Cirrus Asset Management requires up to 25% travel across multiple states. Being flexible and open to travel will be essential to effectively oversee compliance tasks across our various properties and ensure adherence to regulations.

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What is the salary range for the Regional Compliance Specialist role at Cirrus Asset Management?

The annual salary for the Regional Compliance Specialist at Cirrus Asset Management is set at $70,000. This reflects the skills and experience required to effectively manage compliance responsibilities and contribute positively to our organization.

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Common Interview Questions for Regional Compliance Specialist
Can you explain your experience with auditing files in a compliance role?

When answering this question, focus on specific examples of your past auditing experience, detailing the types of files you audited and the regulatory standards you ensured compliance with. Highlight any successful outcomes or improvements made due to your audits, emphasizing your attention to detail and ability to communicate findings effectively to stakeholders.

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How do you approach training staff on compliance and best practices?

In your response, demonstrate your ability to tailor training sessions based on team needs. Discuss the resources you’ve used in the past, such as guidebooks or hands-on training methods, and provide examples of how you’ve empowered teams to feel more independent in tackling compliance tasks.

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How do you handle conflicting priorities and deadlines?

To respond effectively, share your strategies for managing competing deadlines, such as prioritizing based on urgency and potential impacts. Discuss a specific scenario where you successfully balanced multiple tasks and maintained compliance, leading to a favorable outcome.

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Can you provide an example of a time you resolved a compliance issue?

Use the STAR method (Situation, Task, Action, Result) to outline your experience. Describe the compliance issue, your role in addressing it, the actions you took to resolve it, and the result of your efforts. Be sure to emphasize teamwork and communication in your approach.

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What tools do you use for tracking compliance and organizing your work?

Discuss specific tools you've used such as Yardi or other software platforms for compliance tracking. Highlight how these tools enhanced your efficiency and ability to manage compliance tasks while ensuring accessibility and organization of key documents.

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How do you stay updated on regulatory changes in the compliance field?

Answer this question by mentioning your methods for staying informed, such as attending industry conferences, subscribing to relevant publications, or being a part of professional organizations. Highlight your proactive approach to adapting to changes to ensure compliance efforts remain effective.

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What is your approach to communicating compliance issues to management?

When responding, emphasize the importance of clear, concise communication. Outline your approach for presenting compliance issues, which could include preparing reports summarizing findings and proposing corrective action plans. Mention examples where your communication led to timely resolution.

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What is your experience with property management systems like Yardi?

Discuss your level of proficiency with Yardi, including specific tasks or projects where you utilized the system for compliance functions. Explain how your understanding of Yardi’s features aids in ensuring adherence to regulations and managing data effectively.

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How do you ensure confidentiality when managing sensitive compliance information?

Your answer should emphasize your commitment to confidentiality by discussing policies you adhere to or specific practices you follow for protecting sensitive information. Provide examples that illustrate your trustworthiness and adherence to compliance standards.

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How would you describe your problem-solving approach when faced with regulatory challenges?

In responding, share a personal philosophy or methodology that guides your problem-solving process. Provide an example demonstrating how you've successfully tackled regulatory challenges in the past by thinking critically and collaborating with teams to find innovative solutions.

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Our mission is to be the most trusted, respected and innovative company in the rental real estate industry.

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DATE POSTED
December 27, 2024

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