Manager - Audit - Affordable Housing

3 weeks ago

Chennai, India 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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