Manager - Audit - Affordable Housing

5 days ago

tamil nadu, India CohnReznick Professional Services Pvt Ltd Full time

Audit Manager – Residential Real Estate (LIHTC & HUD)Location: ChennaiDepartment: AssurancePosition Summary:This position is part of our Affordable Housing Assurance team, supporting clients across the US from our Chennai of􀏐ice 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-speci􀏐ic 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 operationsQuali􀏐ications:• CPA or CA certi􀏐ication 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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