Development Analyst

Job Title:

Development Analyst

Location: Denver, Colorado – On-site, Full-time

Ulysses Development Group is a Denver-based mission-driven developer and owner of affordable and workforce housing. We strive to bring and preserve quality housing to communities across the nation through ground up development and acquisition/rehab.

POSITION SUMMARY:

The Development Analyst will support UDG in all aspects of affordable housing acquisitions and development through financial modeling, industry research, and strategic analysis. The Development Analyst will support the team in efficiently underwriting the viability of new development opportunities as well as in the execution of existing development deals. The ideal candidate will be intellectually curious, thrive in a fast-paced setting and want to be instrumental in building affordable housing.

Key Responsibilities:

As directed by VP of Development, conduct research to support all development functions, including acquisitions, due diligence, impact fees, utility costs, market analysis, construction costs, entitlements, etc.

With guidance from the VP of Development, create and maintain financial models and project budgets

Assist in tracking of timelines and schedules for projects in planning, construction or lease-up

Assist in assemblage of consultant, design and construction project teams

Research and gather documentation for RFQ/RFP’s and assist in submittal of responses

Assist with land acquisition, including preparation of LOI’s and purchase contracts with legal counsel, and gathering of due diligence materials

Assist with financial closing in conjunction with lenders, legal counsel and other project team members

Assist with preparation of internal reporting and forecasting in conjunction with the finance / accounting team

Attend project meetings or OAC’s and keep minutes as required by the VP of Development

Qualifications:

2– 3 years’ experience in financial analysis

Strong record of managing complex financial models

Ability to have professional interaction with team members, stakeholders, government officials and staff

Exceptional communication skills and attention to detail

Must have excellent organizational skills and the ability to prioritize

Must be willing to travel on occasion

Compensation:

The salary range for this position is $70,000 to $95,000 annually, commensurate with experience. In addition to the base salary, the successful candidate may be eligible for a performance-based bonus up to 15%, which is determined based on individual and company performance.

Benefits:

Health, dental, and vision insurance

401(k) plan with company match

Paid time off (PTO) and holidays

Professional development opportunities

Transportation/parking allowance

No deal participation

Physical Demands and Work Environment:

Prolonged periods of sitting at a desk and working on a computer

Frequent near vision use for reading and working with detailed information on computer screens

Occasional standing, walking, and moving about the office

May require lifting and moving objects weighing up to 15 pounds

Ability to communicate verbally and in writing with colleagues

Work is primarily performed in a climate-controlled office environment
Exposure to moderate noise levels typical of an office setting (e.g., printers, telephones, ambient noise)

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

Application Instructions:

Interested candidates are invited to apply through this link by submitting their resume and a cover letter detailing their experience and qualifications for this position. Candidates may include any relevant project experience and why the candidate believes the candidate would meet the criteria for this position. Interested candidates are encouraged to apply as soon as possible. Applications will be accepted on an ongoing basis until the position is filled.

Additional Information:

In compliance with Colorado’s Equal Pay for Equal Work Act, we are disclosing the compensation, bonuses, and benefits applicable to this role. The final salary offer may vary based on factors including experience, qualifications, and specific location within Colorado.

Ulysses Development Group is an Equal Opportunity Employer. We are committed to creating a diverse and inclusive work environment where all employees feel valued and respected. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or any other characteristic protected by law. UDG is dedicated to providing reasonable accommodations to qualified individuals with disabilities throughout the application and hiring process. If you require assistance or accommodation due to a disability, please message Ulysses Development Group through linked in.

Asset Management Analyst

Job Title:

Asset Management Analyst

Location: Denver, Colorado – On-site, Full-time

POSITION SUMMARY:

Ulysses Development Group (UDG) is seeking an Asset Management Analyst to join its rapidly expanding team. UDG develops, acquires, and invests in affordable housing, harnessing best-in-class practices and long-term solutions for all stakeholders and communities. This position will be based in UDG’s office in Denver, CO. The successful candidate will have 2-4 years of professional work experience in finance, accounting, or real estate industries. This position will assist UDG’s Asset Managers and the teams’ objectives and goals. The Analyst is responsible for budgeting, financial analysis, property accounting, and general lender/investor reporting.

Key Responsibilities:

· Review and analyze monthly financial reports compared to budget and proforma. Proactively work with 3rd party property management companies, specifically property management accountants to accurately present property level financials.

· Work with 3rd party property management companies to prepare property level budgets that are aligned with underwritten expectations and proformas

· Monitor and report on property performance, business plans, and property NOI

· Perform ongoing property level distributions and cash positions

· Develop, update, and reforecast property operating projections and cash flows

· Oversee and maintain the implementation of new technologies for ad-hoc reporting at a portfolio level

· Ensure timely and accurate filing of all regulatory compliance requirements for project partners and other stakeholders

· Forge strong relationships with 3rd party property management companies to effectively communicate expectations

· Work closely with UDG’s accounting and finance department to prepare and review property level reporting

Qualifications:

· 2-4 years’ experience of professional work experience in finance, accounting, or real estate industries

· Bachelor’s degree

· Good accounting and financial reporting skills

· Understanding of multifamily real estate, with knowledge of or desire to learn about low-income housing tax credit financing and project-based Section 8

· Analytically minded with high attention to detail while maintaining a view of the big picture goals. Property management accounting experience is a plus.

· Ability to operate with minimal oversight with a mindset that takes full ownership of their role and responsibilities while collaborating with the rest of the team

· Great time management skills and ability to juggle multiple tasks with competing priorities

· Exceptional proficiency with Excel and general computer skills. Property management software (Yardi, Real Page) experience is preferred.

Compensation:

The salary range for this position is $85,000 to $100,000 annually, commensurate with experience. In addition to the base salary, the successful candidate may be eligible for a performance-based bonus.

Benefits:

Health, dental, and vision insurance

401(k) plan with company match

Paid time off (PTO) and holidays

Professional development opportunities

Transportation/parking allowance

No deal participation

Physical Demands and Work Environment:

· Prolonged periods of sitting at a desk and working on a computer

· Frequent near vision use for reading and working with detailed information on computer screens

· Occasional standing, walking, and moving about the office

· May require lifting and moving objects weighing up to 15 pounds

· Ability to communicate verbally and in writing with colleagues

· Work is primarily performed in a climate-controlled office environment Exposure to moderate noise levels typical of an office setting (e.g., printers, telephones, ambient noise)

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the functions.

Application Instructions:

Additional Information:

In compliance with Colorado’s Equal Pay for Equal Work Act, we are disclosing the compensation, bonuses, and benefits applicable to this role. The final salary range may vary based on factors including experience, qualifications, and specific location within Colorado.

Assistant Vice President Capital Installments

Job Title:

Assistant Vice President Capital Installments

Location: Denver, Colorado – On-site, Full-time

POSITION SUMMARY:

This key role is responsible for leading the financial closeout of affordable housing developments, ensuring timely and accurate cost certifications, final tax credit allocations, and IRS Form 8609 issuance. This role provides strategic oversight of financial compliance and equity funding, with accountability for managing investor requirements, adjuster calculations, and permanent loan conversions. The position plays a critical role in maximizing eligible basis and securing the maximum allowable tax credit allocation for each project, while safeguarding the company’s financial integrity and reputation with partners and agencies.

Key Responsibilities:

· Cost Certification & Closeout Leadership

Direct and oversee the CPA-led cost certification process, ensuring accurate reconciliation of project sources and uses and proper classification of eligible basis.

Serve as the primary point of contact with auditors, lenders, investors, and housing authorities on all cost certification matters.

Final Allocation & IRS Form 8609 Management

Lead preparation and submission of applications and supporting materials to the Housing Finance Agency or Housing Authority for the final allocation of LIHTC.

Oversee completion and submission of IRS Form 8609 packages, coordinating with internal and external teams to ensure compliance and timely issuance.

· Equity & Adjuster Oversight

Review and approve upward and downward adjuster calculations, ensuring accurate modeling and proper application of investor partnership agreements.

Manage equity installment schedules, verifying compliance with milestones and adjuster outcomes.

Permanent Loan Conversion & Documentation

Oversee financial aspects of permanent loan conversion, aligning investor, lender, and agency requirements.

Ensure all closeout documentation (COs, legal opinions, PIS certificates, loan agreements, cost audits) is complete, accurate, and archived.

· Strategic Financial Management

Identify and execute opportunities to maximize eligible basis and enhance tax credit allocations.

Develop and refine internal processes, controls, and checklists to ensure efficiency and consistency across the portfolio.

Provide guidance and training to internal teams on closeout requirements and financial compliance best practices.

· Stakeholder & Investor Relations

Maintain strong relationships with auditors, investors, syndicators, and housing authorities.

Provide regular reporting and updates to executive leadership on closeout status, financial outcomes, and risks.

Qualifications:

· Bachelor’s degree in Accounting, Finance, or related field; CPA strongly preferred.

· 7+ years of progressive experience in affordable housing finance, LIHTC development, or public accounting with a real estate focus.

· Expertise in LIHTC program requirements, Housing Authority cost certifications, and IRS Form 8609 processes.

· Strong technical proficiency in financial modeling, reconciliations, and partnership agreement mechanics.

· Proven leadership skills with ability to manage complex, cross-functional processes and external stakeholder relationships.

· Exceptional organizational, communication, and problem-solving skills.

Compensation:

The salary range for this position is $125,000 – 150,000 annually, commensurate with experience. In addition to the base salary, the successful candidate may be eligible for a performance-based bonus which is determined based on individual and company performance.

Benefits:

Health, dental, and vision insurance

401(k) plan with company match

Paid time off (PTO) and holidays

Professional development opportunities

Transportation/parking allowance

Physical Demands and Work Environment:

· Prolonged periods of sitting at a desk and working on a computer

· Frequent near vision use for reading and working with detailed information on computer screens

· Occasional standing, walking, and moving about the office

· May require lifting and moving objects weighing up to 15 pounds

· Ability to communicate verbally and in writing with colleagues

· Work is primarily performed in a climate-controlled office environment Exposure to moderate noise levels typical of an office setting (e.g., printers, telephones, ambient noise)

Application Instructions:

Additional Information:

Click Here to Apply

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