Affordable Associate Director, Originations

Walker & Dunlop•Bethesda, MD

1d•$90,000 - $110,000•Hybrid

About The Position

The Associate Director works with the W&D Affordable Equity Production Team to identify, screen, and qualify investment opportunities that meet established investment guidelines and are suitable for identified investors in an assigned geographical region. The properties qualify for Low-Income Housing Tax Credits under Section 42. The role supports the Affordable Equity Originations team by coordinating preliminary due diligence, preparing investment summaries and proposals, maintaining database details, and tracking potential business opportunities. The position supports originations nationwide and partners across teams through underwriting, closing, and operations. Attendance is generally required from 8:30 a.m. to 5:30 p.m. local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays. The estimated base salary is $90,000–$110,000, plus a discretionary bonus. Offers depend on relevant experience, knowledge, skills, abilities, internal equity, and market data.

Requirements

Bachelor’s degree in Business, Real Estate, Finance, Accounting, or a related field; equivalent experience is considered.
At least 7 years of Section 42 LIHTC experience.
Strong knowledge of affordable housing programs, such as HUD and Section 8, and real estate development fundamentals.
Experience underwriting and structuring LIHTC transactions.
Strong financial analysis skills, including the ability to evaluate sponsor income statements, balance sheets, and cash flow statements.
Excellent written and verbal communication skills, including the ability to present effectively to management and external stakeholders.
Exceptional analytical, reasoning, and problem-solving abilities.
Strong organizational skills and the ability to manage multiple priorities in a time-sensitive environment.
Demonstrated leadership capability, executive presence, and sound business judgment.
Ability to take ownership of work, navigate challenges, and adapt to evolving processes.
Ability to build and maintain strong internal and external relationships.
High level of discretion when handling confidential and sensitive information.
Ability to take on challenges, acknowledge growth opportunities, and demonstrate patience when learning new processes.
Courtesy, respect, and thoughtfulness when working with colleagues and other stakeholders.

Responsibilities

Contact external parties to request documentation and conduct initial due diligence reviews of prospective Section 42 LIHTC investments.
Review LIHTC pro formas and evaluate key financial assumptions.
Prepare executive summaries outlining investment merits, risks, and structural considerations.
Identify underwriting exceptions and recommend mitigants.
Draft Letters of Intent and assist in preparing responses to Requests for Proposals.
Support the Affordable Equity Originations team nationwide in sourcing and advancing new business opportunities.
Maintain and update the business development pipeline database, including timelines and status reporting.
Partner with Originations team members to structure and negotiate transactions in compliance with investment guidelines and investor yield requirements.
Assist Investor Relations in collecting documentation and information for proprietary and multi-investor fund offerings.
Compile materials for internal and external meetings with clients and investors.
Serve as a cross-functional resource to Investor Relations, Acquisitions, Investment Management, and Asset Management teams during underwriting, closing, and operations.
Perform other duties as assigned.

Benefits

Comprehensive benefit options, including medical coverage with up to 83% subsidized payroll deductions.
Competitive dental and vision benefits.
401(k) with company match.
Pre-tax transit and commuting benefits.
Health and wellness program with cash rewards and resources promoting health, engagement, and balance.
Paid maternity and parental leave, plus other family paid leave programs.
Company-paid life insurance and short- and long-term disability insurance.
Health Savings Account and Healthcare and Dependent Care Flexible Spending Accounts.
Career development opportunities.
Volunteer hours and donation matching.