Asset Manager

Department:

Asset Preservation

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

W&D's Asset Preservation experts focus on the performance of multifamily assets that have been identified as challenging or unique in W&D's portfolio. An asset may be included in the Asset Preservation portfolio for various reasons, including non-performing investments, investments owned directly by W&D and/or investments with operational or physical challenges. The Asset Preservation team works to minimize financial, physical and reputational risks to preserve and increase the value of the assets in its portfolio. This is done via intense oversight, partnerships with lenders, owners and property managers and the creation and implementation of strategic asset plans for each asset. The team has extensive experience with multifamily property operations, financing, partnerships, renovation, and repositioning, as well as loan modifications.

The Impact You Will Have

The Asset Manager is responsible for maximizing asset values and limiting risk liabilities. Through the oversite of a third-party management company, this position will manage a portfolio of assets by conducting site visits, financial and compliance reviews, and ensuring consistent correspondence. The Asset Manager will also focus on creating and maintaining a strategic plan for each asset and will ensure that Lender, Investor, and Agency reporting requirements are met. The position requires the ability to apply portfolio analysis and provide in-depth decision-making recommendations to Senior Management.

Primary Responsibilities

• Oversee financial and operational performance of assigned portfolio, primarily workforce housing.

• Analyze monthly property performance reports, budgets, and key financial indicators; track variances and identify risks.

• Develop and monitor capital expenditure plans and oversee implementation.

• Conduct regular site visits and evaluate third-party inspection reports to ensure property quality and compliance.

• Manage relationships with property management firms, investor partners, and other key stakeholders.

• Ensure compliance with regulatory requirements, including tax credit (Section 42) and loan documentation standards.

• Support strategy for distressed assets, refinancings, acquisitions, and dispositions.

• Prepare capital requests, reserve withdrawals, and investor reporting.

• Monitor market trends to guide investment decisions and portfolio strategy.

• Other job duties or special projects as needed or 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 administration, finance, economics, accounting, or equivalent experience.

• 3+ years' experience in multifamily real estate asset management.

• Financial management and analysis of a portfolio of properties are key for the position.

• Workout experience is strongly preferred.

Knowledge, Skills and Abilities

• Strong written, verbal, and presentation communication skills; effective in negotiation and relationship management.

• Excellent interpersonal and organizational skills, with the ability to thrive in a fast-paced environment.

• Proven analytical and creative problem-solving skills; adept at interpreting financial statements and applying accounting principles and statistical analysis.

• Advanced financial modeling and investment analysis skills, including underwriting, sensitivity analysis, yield maintenance, IRR/XIRR, NPV, NOI, cap rate, DSCR, and cash flow sharing.

• Ability to manage multiple priorities and deadlines with a positive, proactive attitude.

• Experience monitoring equity installments and adjustments and evaluating investment performance metrics.

• Ability to travel up to 25% for regular site visits.

• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes.

• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.

This position has an estimated base salary of $75,000 - $85,000 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.

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.