Accounting Manager - Development

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 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.

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.
  
  

Compliance, Controls & Audit

• Ensure compliance with GAAP and internal accounting policies across all accounting processes.
• Support the Assistant Controller in developing, implementing, and maintaining internal controls; remediating control gaps and strengthening 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.
  
  

Operations, Systems & Process Improvement

• 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.
  
  

Planning, Projects & Cash Flow

• 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.
  
  

Leadership & Talent Development

• Supervise staff training and mentorship; set goals, conduct performance reviews, and build bench strength.
  
  

Other duties as assigned

Qualifications

• 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 communicator, and collaborative team player.
• Compliance & Systems: Experience in entity set up within accounting systems and troubleshooting accounting platform issues.
  
  

Education And Experience Requirements

• Bachelor’s degree in Accounting.
• CPA, CMA or progress toward certification preferred.
• Minimum of 5 years of accounting experience, ideally in LIHTC property development accounting through the entire development life-cycle from acquisition, construction and tax credit closings, construction completion, lease-up, conversion, and 8609.
• 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.
  
  

Benefits

• Eligibility for Lotus Company’s employee benefit package including health, dental, and vision insurance, where eligibility begins 30 days after employment. Company contributes up to $1,430 a month towards the premium.
• Basic Life Insurance with the option to purchase additional coverage.
• Basic Short Term Disability Insurance.
• Paid Time Off (PTO) – 15 Days as accrued throughout year.
• 10 Paid Holidays as detailed in Lotus Holiday Calendar.
• 401K enrollment (dollar-for-dollar match for the first 3% of salary differed and 50% contribution for the next 2% of salary deferment – with a minimum 6-month employment required prior to enrollment)