Associate Director, Originations

Department:

Affordable Housing | Equity

• Originations

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. We believe seeking diverse talent and promoting the inclusion of all perspectives are more than moral imperatives - they are critical to our success and ability to innovate and grow.

Department Overview

W&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

The Associate Director will work with members of the W&D Affordable Equity Production Team in the identification, screening, and qualification of investments that meet established investment guidelines and can be placed with identified investors in an assigned geographical region. These properties will qualify for tax credits under Section 42 for Low Income Housing Tax Credits. The Associate Director will support W&D Affordable Equity's Origination team goals by coordinating the collection and review of preliminary due diligence documents, preparing investment summaries and proposals, maintaining database details, and tracking potential business opportunities.

Primary Responsibilities

• Contacting external parties to request documentation as directed and perform initial due diligence review of potential LIHTC investments.

• Reviewing LIHTC proformas.

• Preparing initial Executive Summaries on potential investments outlining investment opportunity as well as disclosing potential risks or issues.

• Identifying and exceptions and mitigates to underwriting standards.

• Drafting Letters of Intent and helping to prepare responses to Requests for Proposals for LIHTC investments.

• Providing support to W&D Affordable Equity's Originations team located nationwide.

• Maintaining business development pipeline database with current information and timelines.

• Partnering with Originations team members in the structuring and negotiation of potential deals in compliance with investment guidelines that meet investor yield targets.

• Assisting Investor Relations team in the collection of required details and documents for proprietary and multi-investor funds.

• Compiling required materials for meetings with clients and investors.

• Serving as a resource to Investor Relations, Acquisitions, Investment Management, and Asset Management teams during underwriting, closing and operations.

• Other job duties as required or assigned.

• Attendance is generally 8:30 am

• 5:30 pm local time Monday through Friday with the ability to work up to 2 of those days remotely.

Education and Experience

• Bachelor's degree in business, real estate, finance, accounting, or equivalent experience.

• Minimum of 3 to 5 years' experience in Section 42 LIHTC with solid understanding of real estate development concepts, and the affordable housing field (i.e. HUD, Sec 8).

• Knowledge of key aspects of real estate development and finance, land use and entitlement, property due diligence and acquisition, and site planning and design.

• Experience in underwriting and structuring low-income housing tax credit (LIHTC) transactions, required.

Knowledge, Skills and Abilities

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

• Ability to perform financial analysis of sponsors for all multifamily development proposals by analyzing appropriate income statements, balance sheets, and statement of changes in financial position.

• Excellent public presentation, strong communication skills to all levels of management and ability to work successfully in a critical team environment while exhibiting solid business instincts and judgment.

• Exceptional organizational skills, highly attentive to detail and able to perform tasks with limited supervision in a time sensitive work environment.

• Demonstrated leadership ability, confidence and executive presence.

• Excellent analytical, reasoning and problem-solving skills.

• Ability to build and maintain strong relationships at all levels of the company.

• Ability to maintain the strictest confidence when handling confidential and non-routine information and matters.

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

• Embodiment of the Walker Way in approach to work: caring, collaborative, tenacious, driven, and insightful.

Base salary will be between $95,000 - $115,000.

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#LI-Hybrid

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

• Commitment to diversity, equity, and inclusion, with employee resource groups organizing activities and providing a space for open communication

• 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. 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.