LSC Service Corp


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  Thank you for considering employment with LSC Service Corp.​ 
We currently have one position available.
Please see below.

  #1)   LIHTC Compliance Specialist; Assistant Accounting Manager - LSC Service Corp.
POSITION TITLE:               LIHCT Compliance Specialist; Assistant Accounting Manager

SUPERVISOR:                     Accounting Manager

4-year degree from an accredited university.  Working knowledge of Low-Income Housing Tax Credit (LIHTC) financial compliance and reporting.  Working knowledge of cash and accrual accounting through financial statement processing required. Knowledge of annual compliance and reporting for Ohio Charitable Registrations, SAM registration renewals and CAT tax reporting


Responsibilities include, but are not limited to, providing financial regulatory compliance support to the company’s property management staff in the areas of HUD assisted housing programs, and the IRS Section 42 Low Income Housing Tax Credit (LIHTC) program. Helps to ensure all Low-Income Housing Tax Credit accounting requirements are met on a monthly, quarterly and yearly basis including all required escrow payments, loan payments, fee payments, and any other Limited Partnership Agreement reporting requirements. Reviews existing and future partnership agreements, and monitors for compliance of R&R deposits, loan payments, surplus cash calculations, residual receipt balances and recaptures. Helps to prepare for all year-end audit procedures including four tax credit properties and four HUD mortgage properties including 202, PRAC, Mark to Market and 1 Rural Development mortgage property. Assists in developing compliance procedures and creation of forms to comply with government requirements and regulations. Ensures all forms are accessible and up-to-date on the companywide Intranet. Will maintain technical and professional knowledge by attending trainings as needed, and becoming certified in HUD/LIHTC programs, as needed.

Helps to keep records of financial transactions for senior affordable housing projects, management company, senior center, foundation and any other associated accounting activities.  Verifies, allocates and posts details of business transactions to subsidiary accounts from documents such as invoices, receipts, checks and computer printouts.  Summarizes details. Transfers data to general ledger computer accounting program.  Reconciles and balances bank accounts.  Compiles reports to show statistics such as cash receipts and expenditures, accounts payable and receivable, profit and loss and other items pertinent to business operation (helps to prepare monthly financial statements for eleven companies including 5 LIHTC senior affordable projects and one HUD Mark to Market).  Helps to prepare and send bi-monthly payroll reports for processing. 

Helps to process a high-volume of accounts payable for multiple cost centers on a semi-monthly schedule while maintaining attention to detail and a high level of accuracy.  Requires computer skills including the ability to operate computerized accounting, extensive use of excel spreadsheet and word processing programs at a highly proficient level.  Requires highly effective communication, organizational and time management skills.

Provides administrative support in order to ensure effective and efficient office operations. Ensures that newly hired Property Managers are fully trained and aware of the LIHTC program and Regulatory Agreements.

Perform other related tasks as required