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Director, Asset Management (Commercial)

Company: Walker & Dunlop
Location: Denver
Posted on: February 9, 2024

Job Description:

Director, Asset Management page is loaded Director, Asset Management Apply locations Denver, CO, USA time type Full time posted on Posted 6 Days Ago job requisition id Req-1133 Department:WDIP - Equity Asset Management 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. The Impact You Will Have:WDIP is seeking a Director for its asset management team with responsibility for growing and streamlining the institutional asset management process.The Director, together with a staff of several WDIP professionals, will drive the management of WDIP investments from acquisition through disposition. WDIP has a very collaborative culture and is looking for an individual who understands the importance of proactive communications, both internally and externally.WDIP is looking for a highly motivated individual who has a deep understanding of real estate equity investment. -Primary Responsibilities:

  • Coordinate with sponsors to execute property-level business plans
  • Monitor and analyze property performance compared to budget, underwriting and overall market conditions
  • Monitor local market fundamentals, including competitive set trends, new supply and sales comps
  • Evaluate decisions regarding disposition timing and strategy and ensure cash flows are disbursed in accordance with the investment's operating agreement
  • Track WDIP's gross IRR and multiple returns for individual investments
  • Collaborate with acquisitions team prior to closing to finalize business plans, partnership and loan documents
  • Prepare memos to document major decisions related to changes in the business plan, refinancing, and legal document amendments
  • Review capital calls, distributions, and loan draw requests
  • Maintain standardized reporting to track property and fund level performance, variances, and forecasting
  • Prepare quarterly investor reports and property fair market valuations
  • Ensure sponsor compliance with partnership operating documents
  • Work with senior management to plan and implement strategic software integration to prepare for growth and expansion
  • Implement best-practices to add efficiency to WDIP AM's processes and procedures
  • Mentor and foster professional growth of younger WDIP AM team members.Education and Experience:
    • An undergraduate degree is required
    • MBA or other graduate level degree a plus, but not mandatory
    • 7-12 years private equity asset management experience
    • Experience with commercial property leases (industrial, office, etc.) is highly desired. -Knowledge, Skills and Abilities:
      • Extensive analytical experience and ability
      • Deep and demonstrable working knowledge of real estate concepts, markets, trends and issues
      • Highly proficient in Microsoft applications iLevel software experience a plus
      • Strong organizational skills with the ability to efficiently and accurately manage (and/or effectively delegate) multiple projects and responsibilities
      • Excellent interpersonal skills
      • Ability to work flexible hours/overtime
      • Ability to travel overnight
      • 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 - The estimated base salary for this role is $116,000.00-$145,000.00 #LI-CR1 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.
          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 email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process. About Us Our experience is the combination of everything that's unique about our culture, our core values, our company meetings, our commitment to success, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hardworking, curious, trustworthy, humble and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in our area. -

Keywords: Walker & Dunlop, Denver , Director, Asset Management (Commercial), Accounting, Auditing , Denver, Colorado

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