Senior Asset Manager

Department:

Affordable Housing | Development

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.

Department Overview

The W&D Affordable Development business line (“Affordable Development”) serves as a co-developer and co-sponsor of affordable housing properties. WDAD was formed to collaborate with experienced developers in the acquisition and development of affordable projects. Affordable Development provides pre-development financing and support to local developers and joint development ventures in matters regarding accounting, banking, construction management, construction draws, tax credit syndication, and other pre-approved processes. Affordable Development is experienced in the development and/or management of multifamily rental housing and tax credit developments.

The Impact You Will Have

As Senior Asset Manager within Walker & Dunlop’s Affordable Housing Development department, you will play a key leadership role in maximizing asset value and minimizing risk across a diverse portfolio of affordable and workforce housing investments. You will drive financial and operational excellence by analyzing property performance, overseeing third-party management, and ensuring regulatory and compliance standards are met. This position combines deep financial insight with strategic decision-making, allowing you to shape portfolio outcomes, mentor team members, and provide critical recommendations to senior leadership and investment partners. Your expertise will directly impact the success, sustainability, and long-term value of the company’s affordable housing portfolio.

Primary Responsibilities

• Provide strategic oversight and direction for a portfolio of affordable and workforce multifamily assets to maximize value and ensure financial, operational, and compliance performance.
• Evaluate joint venture acquisitions by reviewing financial projections, investment assumptions, sponsor capacity, and market positioning.
• Conduct complex risk analyses, deal structuring reviews, and provide actionable insights to acquisitions and development teams.
• Manage transitions from development through construction to stabilized operations, ensuring smooth handoffs and continued asset optimization.
• Review property-level financials, budgets, audits, and tax returns; monitor key performance metrics including NOI, DSCR, and occupancy.
• Supervise third-party property and asset managers and internal staff, setting performance expectations and ensuring effective execution.
• Lead annual property inspections and conduct additional site visits to assess operations, compliance, and physical condition.
• Review and approve capital expenditure plans, reserve withdrawals, and equity contribution requests and prepare distribution calculations.
• Oversee Section 42 compliance and state agency reporting, ensuring timely completion of all annual recertifications and regulatory reporting.
• Develop and implement asset management strategies to improve performance, mitigate risk, and enhance long-term investment value.
• Lead the resolution of underperforming assets through proactive engagement, financial restructuring, or repositioning strategies.
• Collaborate with finance, development, and acquisitions teams on refinancing, dispositions, and recapitalization efforts.
• Prepare and deliver reports and presentations for investors, lenders, and senior management summarizing portfolio performance and market trends.
• Maintain and refine property monitoring and data management processes to ensure data integrity and reporting accuracy.
• Strengthen relationships with property management companies, housing agencies, investors, and key partners.
• Perform other duties as assigned
• Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

Education and Experience

• Bachelor’s degree in Business, Finance, Economics, or Accounting.
• 5+ years of experience in affordable housing development and management, including expertise with LIHTC programs.
• 5+ years in real estate asset management with strong skills in operations, budgeting, financial reporting, and analysis.

Knowledge, Skills, and Abilities

• Strong understanding of affordable housing compliance, partnership structures, and property operations.
• Advanced analytical, financial modeling, and problem-solving skills with exceptional attention to detail.
• Proven ability to interpret legal documents related to property operations, financing, and leasing.
• Excellent written and verbal communication skills, including the ability to present complex data clearly to senior stakeholders.
• Demonstrated leadership and mentoring skills with a collaborative, team-oriented mindset.
• Exceptional organization and prioritization skills in managing multiple deadlines and projects.
• Exercises sound judgment and maintain confidentiality when handling sensitive information.
• Ability to show ownership of your work, embrace challenges and growth opportunities, and demonstrate patience when learning new processes
• Demonstrates courtesy, respect, and thoughtfulness when teaming with colleagues and collaborating with stakeholders

This position has an estimated base salary of $90,000 - $120,000 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.

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What We Offer

• The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023

• Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 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

EEO 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.

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