Accounting Manager - Development

Lotus Company•Salt Lake City, UT

6h•Onsite

About The Position

The Accounting Manager in Development oversees the day‑to‑day operations of the accounting function for development, ensuring timely, accurate financial reporting, robust internal controls, and continuous improvement of systems and processes. This role supervises staff, manages workflows, and partners cross‑functionally to support compliance, audits, and portfolio/project reporting needs for the development team.

Requirements

Proficiency with accounting software and advanced Excel; understanding of GAAP and job costing and draw processes. Experience with reconciliation and journal entries.
Analytical mindset, high attention to detail, strong organizational skills, effective communicator, and collaborative team player.
Experience in entity setup within accounting systems and troubleshooting accounting platform issues.
Bachelor’s degree in accounting.
Minimum of 5 years of accounting experience, ideally in LIHTC property development accounting. Experience should span the full development lifecycle, including acquisition, construction and tax credit closings, construction completion, lease-up, conversion, and 8609.
Strong understanding of GAAP, multi-entity accounting, and financial reporting.
Proven leadership skills with the ability to manage and mentor accounting staff.
Excellent analytical, organizational, and communication skills.
Ability to thrive in a fast-paced, collaborative, and entrepreneurial environment.

Nice To Haves

CPA, CMA, or progress toward certification preferred.
Advanced proficiency in Yardi Voyager is preferred.

Responsibilities

Manage the preparation and review of monthly, quarterly, and annual close deliverables; ensure accuracy, completeness, and adherence to deadlines.
Supervise internal and external financial reporting, including management packages and audit-ready statements.
Ensure compliance with GAAP and internal accounting policies across all accounting processes.
Support the Assistant Controller in developing, implementing, and maintaining internal controls; remediate control gaps and strengthen financial governance.
Coordinate and resolve audit findings with external CPAs and internal stakeholders; drive timely responses and corrective actions.
Support Corporate Accounting in regulatory compliance and tax filing activities.
Oversee daily operations of the accounting department, supervising staff and managing end‑to-end workflows (GL, AR/AP, reconciliations, billing).
Support the Assistant Controller in continuous improvement initiatives to enhance operational systems, processes, and data integrity.
Support the Assistant Controller in financial system administration and optimization (chart of accounts, roles/permissions, integrations, reporting).
Leverage Yardi Voyager for development accounting, reporting, and system optimization.
Review and approve draw submittals and project-related funding requests; ensure documentation accuracy and compliance.
Review project costs and analyses; provide insights on variances, trends, and profitability to business stakeholders.
Contribute to acquisition fund budgets and cash flow projections; track liquidity to support operational and investment needs.
Supervise staff training and mentorship; set goals, conduct performance reviews, and build bench strength.

Benefits

Medical, dental, and vision insurance coverage, with eligibility beginning 30 days after employment
Health Savings Account (HSA) option
Access to telehealth and virtual care services
Mental health and wellness support, including expedited access to therapy and counseling resources
Basic life insurance, with the option to purchase additional coverage
Short-term disability insurance
Paid time off (PTO), accruing at 15 days per year
Ten (10) paid company holidays annually
401(k) retirement plan with employer match
Performance-based bonus program based on company and individual performance
Employee recognition and milestone celebrations
Access to an on-site fitness facility
Covered, year-round parking in an attached garage
Daily office amenities, including coffee, snacks, and beverages