What are the responsibilities and job description for the Accounting Manager - Asset Management position at Lotus Company?
About The Lotus Company
At The Lotus Company, we believe every person deserves more than a place to live - they deserve a place to belong.
Lotus exists to restore dignity, renew hope, and create sanctuaries where life can truly flourish. As a full-service builder, developer, owner, and operator, Lotus leads with intention at every stage - from design and development to construction, management, and community impact. Every detail reflects a belief that housing is sacred ground: a foundation upon which human potential awakens, and communities come alive. At Lotus, every team member plays a vital role in advancing our mission.
Our neighborhood communities blend thoughtful design, sustainable craftsmanship, and authentic connection. Through our Lotus Impact Foundation, we extend our mission beyond housing, offering programs that empower residents to heal, grow, and step into brighter futures. Through Lotus Hospitality, we design gathering places that cultivate belonging, beauty, and shared humanity.
With over $1 billion in projects in motion, Lotus is not merely constructing buildings, we are cultivating sanctuaries of hope across the nation. Each community is a living testament that every person is seen, safe and valued.
Job Description
The Accounting Manager – Asset Management oversees the day‑to‑day operations of the accounting function for asset management, 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 asset management team.
Responsibilities
Financial Reporting & Close
This is a full-time, in-office position based on the 13th floor of our downtown Salt Lake City headquarters, with core hours Monday through Friday. Our office at Second State offers expansive views of the city and surrounding mountains, access to a private balcony, and close proximity to a wide range of restaurants, cafés, and amenities within walking distance. The building also provides an on-site fitness facility and covered, year-round parking. Daily office essentials like coffee, snacks, and beverages are available to support a comfortable and engaging workday.
Benefits
The Lotus Company offers a comprehensive benefits package designed to support the health, financial security, and overall well-being of our employees. Benefits include:
At The Lotus Company, we believe every person deserves more than a place to live - they deserve a place to belong.
Lotus exists to restore dignity, renew hope, and create sanctuaries where life can truly flourish. As a full-service builder, developer, owner, and operator, Lotus leads with intention at every stage - from design and development to construction, management, and community impact. Every detail reflects a belief that housing is sacred ground: a foundation upon which human potential awakens, and communities come alive. At Lotus, every team member plays a vital role in advancing our mission.
Our neighborhood communities blend thoughtful design, sustainable craftsmanship, and authentic connection. Through our Lotus Impact Foundation, we extend our mission beyond housing, offering programs that empower residents to heal, grow, and step into brighter futures. Through Lotus Hospitality, we design gathering places that cultivate belonging, beauty, and shared humanity.
With over $1 billion in projects in motion, Lotus is not merely constructing buildings, we are cultivating sanctuaries of hope across the nation. Each community is a living testament that every person is seen, safe and valued.
Job Description
The Accounting Manager – Asset Management oversees the day‑to‑day operations of the accounting function for asset management, 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 asset management team.
Responsibilities
Financial Reporting & Close
- 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 asset management accounting, reporting, and system optimization.
- Review and approve capital call submittals and asset-related funding requests; ensure documentation accuracy and compliance.
- Review asset revenue, expenses, and analyses; provide insights on variances, trends, and profitability to business stakeholders.
- Supervise staff training and mentorship; set goals, conduct performance reviews, and build bench strength.
- Technical Skills: Proficiency with accounting software and advanced Excel; understanding of GAAP and job costing and draw processes. Experience with reconciliation and journal entries.
- Soft Skills: Analytical mindset, high attention to detail, strong organizational skills, effective communication skills, and a collaborative team-oriented approach.
- Compliance & Systems: Experience in entity setup within accounting systems and troubleshooting accounting platform issues.
- Bachelor’s degree in accounting; master’s degree in accounting preferred.
- CPA or progress toward certification preferred.
- Minimum of 5 years of accounting experience, ideally in LIHTC asset management accounting.
- Advanced proficiency in Yardi Voyager is preferred.
- 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.
This is a full-time, in-office position based on the 13th floor of our downtown Salt Lake City headquarters, with core hours Monday through Friday. Our office at Second State offers expansive views of the city and surrounding mountains, access to a private balcony, and close proximity to a wide range of restaurants, cafés, and amenities within walking distance. The building also provides an on-site fitness facility and covered, year-round parking. Daily office essentials like coffee, snacks, and beverages are available to support a comfortable and engaging workday.
Benefits
The Lotus Company offers a comprehensive benefits package designed to support the health, financial security, and overall well-being of our employees. Benefits include:
- 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