SVP, Affordable LIHTC Underwriting and Closing Strategy

Senior Vice President, Acquisitions

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.

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

As Senior Vice President, Acquisitions, you will shape and lead the execution of WDAE's lower-tier LIHTC investment strategy, ensuring disciplined underwriting, efficient transaction management, and consistent, high-quality closings. Your leadership will drive operational rigor, enhance cross-functional collaboration, and strengthen relationships with developers, investors, and internal stakeholders. By elevating team performance, refining processes, and providing strategic insight to executive leadership, you will directly contribute to the growth, stability, and long-term success of WDAE's affordable equity platform.

Primary Responsibilities

• Lead the Acquisitions Team in the lower-tier due diligence, underwriting, negotiation, and closing process for WDAE's affordable housing investments, with responsibility for protecting the economic, legal, and governance interests of WDAE's investor limited partners ("ILPs").
• Oversee lower-tier negotiations and communications with developers, direct WDAE's business positions in transaction documents, and supervise outside counsel to ensure negotiated outcomes are consistent with approved underwriting, investor requirements, and WDAE governance standards.
• Manage team workflows related to Property Acquisition Report ("PAR") packages, PAR models, Investment Committee materials, and investor deliverables, ensuring materials clearly present material risks, key assumptions, structural protections, and impacts to ILP interests.
• Lead ongoing improvements to WDAE's lower-tier closing processes, including enhanced use of systems and tools such as iManage, and other technology platforms, while maintaining appropriate controls, documentation standards, and approval protocols.
• Interface with investors regarding lower-tier deal structure, due diligence, underwriting assumptions, and transaction risks, ensuring communications are accurate, complete, and consistent with approved deal terms and risk assessments.
• Communicate directly with developers, as needed, to facilitate lower-tier closings, resolve business and legal issues, and maintain disciplined negotiation boundaries.
• Train, motivate, evaluate, and support the career development of Acquisitions Team members, including reinforcing sound underwriting judgment, fiduciary awareness, and adherence to governance protocols.
• Promote cross-functional collaboration among Originations, Investor Relations, Asset Management, and Finance to balance platform growth, execution quality, investor expectations, and risk management.
• Assist Originators with review of draft letters of intent ("LOIs") and provide deal structuring guidance, while preserving Acquisitions' responsibility for lower-tier diligence, negotiations, and final business recommendations.
• Provide strategic recommendations to the Group Head of Affordable Equity and executive management regarding transaction risk, structural protections, negotiation strategy, market trends, process improvements, and other matters affecting WDAE's platform.
• Serve as a member of the WDAE Investment Committee, ensuring investment decisions are well-documented, analytically sound, and aligned with WDAE's underwriting standards, governance protocols, and investor obligations.
• Participate in the development of organizational plans, investment programs, and platform initiatives, with a focus on alignment of execution quality, governance, risk management, and scalable growth.
• Perform other duties as 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, real estate, finance, accounting, or a related field required; CPA, JD, MBA, or MST preferred.
• 15+ years of experience in real estate finance, including significant experience in Section 42 Low Income Housing Tax Credit (LIHTC) syndication or multifamily housing.
• Demonstrated experience underwriting and structuring LIHTC real estate transactions.
• Experience managing complex real estate transactions through due diligence, negotiation, and closing.
• Experience supervising, mentoring, and leading high-performing professional teams.
• Experience working with developers, investors, lenders, and legal counsel in affordable housing transactions.
• Familiarity with escrow processes and title and survey review preferred.

Knowledge, Skills, and Abilities

• Deep knowledge of real estate development and finance, including land use and entitlement, property due diligence and acquisition, site planning and design, and affordable housing subsidy programs.
• Strong analytical and problem-solving skills with the ability to identify, evaluate, and resolve complex transaction issues.
• Excellent oral and written communication skills, including client-facing and public presentation abilities.
• Ability to initiate and maintain effective, cooperative working relationships with team members, government agencies, consultants, lenders, investors, and developers.
• Exceptional organizational skills with strong attention to detail and the ability to manage multiple priorities in a time-sensitive environment.
• Demonstrated leadership capability, including mentoring, coaching, and performance management.
• High level of professional judgment and discretion in handling confidential and sensitive information.
• Ability to communicate effectively across all levels of the organization.
• Ability to take ownership of work, exercise sound judgment, embrace challenges, and adapt to new processes, systems, and business priorities.
• Demonstrated professionalism, courtesy, respect, and thoughtfulness when working with colleagues, clients, investors, and other stakeholders.
• Strong executive presence, with the ability to influence decisions, communicate risk clearly, and build credibility with internal and external stakeholders

This position has an estimated base salary of $225,000 - $250,000 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.

What We Offer

• The opportunity to join one of Fortune Magazine's Great Places to Work winners
• Comprehensive benefit options* that have earned Walker & Dunlop the gold level of the 2025 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

Equal Employment Opportunity 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.

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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