Walker & Dunlop

Senior Asset Manager

Walker & Dunlop

full-time

Posted on:

Location Type: Hybrid

Location: Calabasas • California, Florida, Maryland, Texas • 🇺🇸 United States

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Salary

💰 $90,000 - $120,000 per year

Job Level

Senior

About the role

  • 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.

Requirements

  • 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.
  • 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.
Benefits
  • 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

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
financial analysisbudgetingfinancial reportingrisk analysisfinancial modelingproperty operationscapital expenditure planningdata managementcompliance performanceasset management strategies
Soft skills
leadershipmentoringcommunicationcollaborationorganizationprioritizationproblem-solvingattention to detailjudgmentconfidentiality