Verification Specialist

5 days ago

delhi, India Castellan Real Estate Partners Full time
Position Title:  Income Verification Specialist
Location:  India, Remote
Department:  Property Management/Leasing
Position Type:  Full-time
Work hours: 5.30 p.m to 2.30 a.m IST
Overview:  The Income Verification Specialist is responsible for ensuring that all tenant income verifications and certifications comply with the Low-Income Housing Tax Credit (LIHTC) program regulations. This role requires a keen attention to detail, a thorough understanding of LIHTC guidelines, and experience in handling income verification for affordable housing properties.
Key Responsibilities:
Income Verification:
Conduct detailed income verifications for prospective and current tenants to ensure compliance with LIHTC requirements.
Collect and review all necessary documentation including pay stubs, tax returns, bank statements, and other relevant financial records.
Calculate tenant income accurately to determine eligibility for LIHTC units.
Tenant Certification:
Complete initial, annual, and interim recertifications for all tenants in LIHTC properties.
Ensure all certifications are completed within required timeframes and are compliant with federal, state, and local regulations.
Compliance and Reporting:
Maintain detailed and organized records of all income verifications and certifications.
Prepare and submit required compliance reports to governing agencies in a timely manner.
Assist in internal and external audits of LIHTC properties.
Collaboration:
Work closely with property managers, leasing staff, and compliance teams to ensure smooth and efficient processing of income verifications.
Stay updated on changes in LIHTC regulations and ensure compliance processes are adjusted accordingly.
Training and Development:
Provide training and support to property management staff on income verification procedures and LIHTC compliance.
Qualifications:
Experience:
Minimum of 2-3 years of experience in income verification or compliance for LIHTC properties.
Proven track record in managing LIHTC compliance processes and audits.
Education:
High school diploma or equivalent; Associate or Bachelor's degree in a related field preferred.
Skills:
In-depth knowledge of LIHTC regulations and guidelines.
Strong analytical and mathematical skills.
Excellent organizational and record-keeping abilities.
Proficiency in property management software and Microsoft Office Suite.
Strong communication and interpersonal skills.
Certifications:
Certifications such as Housing Credit Certified Professional (HCCP) or similar are highly desirable.

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