Audit Manager – Residential Real Estate (LIHTC & HUD)

Job Title:

Audit Manager – Residential Real Estate (LIHTC & HUD)

Location:

Chennai - Hybrid

Department:

Assurance

Position Summary:

This position is part of our Affordable Housing Assurance team, supporting clients across the US from our Chennai office 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 financial statements, audit workpapers, and compliance reports in accordance with LIHTC regulations, IRS Section 42, and state housing finance 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-specific 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

Qualifications:

• CPA or CA certification 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