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 model