Manager - Audit - Affordable Housing

3 weeks ago

Chennai Tamil Nadu India, Tamil Nadu CohnReznick Professional Services Pvt Ltd Full time

Audit Manager – Residential Real Estate (LIHTC & HUD)


Location: Chennai

Department: Assurance

Position Summary:


This position is part of our Affordable Housing Assurance team, supporting clients across the US from our Chennai ofice in a hybrid global delivery model. We are seeking an Audit Manager to lead and manage audit engagements in the Residential Real Estate sector, with a specialized focus on Low-Income Housing Tax Credit (LIHTC) and HUD compliance audits. This role is ideal for professionals with deep expertise in affordable housing programs and a commitment to delivering high-quality, regulatory-compliant audit services.


Key Responsibilities:


• Lead audits for LIHTC and HUD-funded projects, ensuring compliance with US GAAP, HUD guidelines, and IRS Section 42 requirements.

• Review and prepare inancial statements, audit workpapers, and compliance reports in accordance with LIHTC regulations, IRS Section 42, and state housing inance agency requirements.

• Drive client engagements and ensure timely delivery of audit deliverables.

• Provide strategic guidance on compliance monitoring, risk mitigation, and internal control assessments for affordable housing entities.

• Collaborate with cross-functional teams to deliver high-quality service and insights to clients navigating complex affordable housing regulations.

• Mentor and train audit staff on LIHTC/HUD-speciic audit procedures and evolving regulatory standards.

• Stay current with industry trends, including tax credit pricing, occupancy performance, and legislative changes impacting affordable housing.

• Utilize proprietary tools and data analytics to enhance audit quality and client insights.

• Maintain strong client relationships and contribute to business development in the affordable housing audit space.

• Demonstrate professional creativity and provide actionable insights to improve operations


Qualiications:


• CPA or CA certiication required.

• Minimum 5 years of experience in public accounting, with a focus on affordable housing or LIHTC engagements.

• In-depth knowledge of affordable housing regulations, HUD audit protocols, and LIHTC program sensitivities.

• Experience with audit platforms such as CaseWare, CCH, and data analytics tools.

• Ability to work effectively in a global delivery model and manage cross-border teams.

• Exceptional organizational, communication, and presentation (verbal and written) skills.


What We Offer:


• Opportunity to work with one of the most experienced teams in the affordable housing audit industry.

• Exposure to cutting-edge tools and data-driven audit methodologies.

• Flexible work environment with opportunities for in-person collaboration.

• Structured leadership development and technical training.

• Direct involvement in shaping audit practices for affordable housing in the US market.

• Inclusive culture with a focus on professional growth and community impact

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