Affordable Asset Manager

Affordable Housing | Equity
- Asset ManagementWe 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 OverviewW&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.   The Impact You Will Have 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.  Primary ResponsibilitiesPartner with Acquisitions during underwriting to evaluate projected operating performance, investment assumptions, partnership structures, sponsor and property management capacity, and relevant market data. Assess deal structure, risk exposure, and overall investment viability. Manage the financial and operational performance of an assigned multifamily LIHTC portfolio. Review monthly property management reports and evaluate key performance indicators, including vacancy, delinquencies, turnover, and budget-to-actual variances. Analyze annual budgets, quarterly financial statements, audited financials, and K-1 tax returns. 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. Perform surplus cash calculations and coordinate fee and cash flow distributions. Monitor guaranty triggers (completion, operating, and tax credit delivery) and assess guarantor financial capacity. Strengthen property monitoring and risk management processes, including oversight of third-party property management firms. Maintain accurate and complete portfolio records and internal databases. Develop and maintain strong relationships with general partners/sponsors and implement asset management strategies to enhance investment value. Provide refinancing, disposition, acquisition, restructuring, and workout support for distressed assets. Evaluate economic and demographic trends and assess their impact on portfolio performance. 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 ExperienceBachelor’s degree in Business Administration, Finance, Economics, Accounting, or a related field; 5+ years of experience in affordable housing asset management, particularly LIHTC portfolios. Strong background in real estate operations, financial analysis, budgeting, reporting, and general accounting. Experience managing financial performance across a portfolio of properties required. Advanced analytical and problem-solving abilities, with strong knowledge of accounting principles and the ability to interpret financial statements and underwriting models. 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. Ability to present complex financial and portfolio analysis to Senior Management and collaborate effectively within a broader asset management team. Strong attention to detail and ability to oversee portfolio data integrity and reporting accuracy. Proficiency in Microsoft Office applications; Ability to show ownership of your