Department:
Affordable Housing | Equity - Asset Management
We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities.
W&D Affordable Equity (formerly Alliant Capital) is a leading tax credit firm focused on tax credit syndication for the development and financing of affordable multifamily rental housing. As a syndicator of Low-Income Housing Tax Credits (LIHTC), W&D Affordable Equity raises corporate equity and monitors the development, construction, lease-up, and permanent financing phases of its investments. With a dedicated team of experienced real estate, asset management, legal, and tax professionals, we provide the highest level of fully integrated real estate and investment support services.
As a member of WDAE’s Asset Management Department, the position is responsible for maximizing asset values and limiting risk liabilities for the assigned Low Income Housing Tax Credit portfolio. The Asset Manager will manage a portfolio of Affordable Housing developments through the oversight of a third-party management company, site visits, financial review, compliance review, as well as maintaining relationships with developer partners. In addition, the Asset Manager will focus on the review and analysis of property level financial data for their portfolio, including annual operating budgets, quarterly financial statements, residual receipts analysis, year-end audited financial statements, and tax returns. The Asset Manager will also assist the department on special projects related to partnership reporting, strategic workouts and “Year 15” exit strategies. The position requires the ability to apply portfolio analysis and provide in-depth decision-making recommendations to Senior Management.
Partner with Acquisitions during underwriting to evaluate projected operating performance, investment assumptions, partnership structures, sponsor and property management capacity, and relevant market data.
Review monthly property management reports and evaluate key performance indicators, including vacancy, delinquencies, turnover, and budget-to-actual variances.
Monitor construction, lease-up, stabilization, ongoing operations, and compliance with Section 42 and applicable state agency requirements.
Evaluate and approve equity installment requests, equity adjustments, yield maintenance calculations, and reserve withdrawals within defined authority limits.
Provide refinancing, disposition, acquisition, restructuring, and workout support for distressed assets.
Bachelor’s degree in Business Administration, Finance, Economics, Accounting, or a related field; equivalent experience considered.
Strong background in real estate operations, financial analysis, budgeting, reporting, and general accounting.
Knowledge, Skills and Abilities
Strong written and verbal communication, presentation, interpersonal, organizational, and negotiation skills.
Proficiency in portfolio and investment analysis, including IRR, XIRR, NPV, NOI, cap rates, DSCR, sensitivity analysis, equity installment tracking, yield maintenance calculations, and cash flow distributions.
Proficiency in Microsoft Office applications; familiarity with Access, FileMaker, PowerPoint, and Crystal Reports preferred.
This position has an estimated base salary of $100,000 - $110,00 plus a discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.
What We Offer
The opportunity to join one of Fortune Magazine’s Great Places to Work winners
Comprehensive benefit options* that have earned Walker & Dunlop the gold level of the 2025 Cigna Healthy Workforce Designation™, some of which include:
- Up to 83% subsidized medical payroll deductions
- Competitive dental and vision benefits
- 401(k) + match
- Pre-tax transit and commuting benefits
- A robust health and wellness program – earn cash rewards and gain access to resources that
promote health, engagement, and balance
- Paid maternity and parental leave, as well as other family paid leave programs
- Company-paid life, short and long-term disability insurance
- Health Savings Account and Healthcare and Dependent Care Flexible Spending
Career development opportunities
Empowerment and encouragement to give back – volunteer hours and donation matching
- Eligibility may vary based on average number of hours worked
Equal Employment Opportunity Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information, or any other characteristic protected by applicable law. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.
Fair Chance Hiring
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
