Development Analyst

Lotus Company; Salt Lake City (UT); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision

401(k) matching

PTO 20 days

Company holidays

On-site gym

Parking (attached garage)

Office amenities

Job summary

Lotus Company is seeking a Development Analyst to support multifamily LIHTC projects in Salt Lake City. You will work with the development team and collaborate with accounting, asset management, capital strategies, and construction to advance deals from due diligence through closing.

The role emphasizes financial modeling, market research, and LIHTC compliance, with opportunities to grow into an Associate role within the Development Department at our downtown Salt Lake City office.

Qualifications

• Bachelor’s degree in accounting, finance, economics, real estate, or related field.
• 0-3+ years of experience in multifamily development or related real estate field.
• Highly analytical and results driven.
• Strong Excel and PowerPoint skills to prepare data and research analysis.
• Excellent communication and relationship-building abilities.

Responsibilities

• Support the development team in all phases of multifamily development, including site selection and due diligence.
• Assist with LIHTC applications and other public funding proposals.
• Prepare project proformas, budgets, and financial models under senior guidance.
• Maintain development checklists, timelines, and milestones.
• Collaborate with internal and external stakeholders to gather documentation.
• Monitor LIHTC compliance and coordinate with teams for submissions.
• Progress toward independent management of project components.

Skills

Analytical thinking

Communication skills

Time management

Education

Bachelor's degree in accounting, finance, economics, real estate or related field

MRED, MSF or relevant master’s degree (plus)

Tools

Excel

PowerPoint

Job description

About Lotus Company:

At Lotus Company, we believe every person deserves more than a place tolive,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 everystage;from design and development to construction, management, and community impact. Every detail reflects a belief that housing issacredground: a foundation upon which human potential awakens and communities come alive.

Our neighborhood communities blend thoughtful design, sustainable craftsmanship, and authentic connection, creating spaces where families thrive and neighbors become community. 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 billionin projects in motion, Lotus is not merely constructingbuildings,we are cultivating sanctuaries of hope across the nation. Each community is a living testament that every person is seen,safeand valued.

Job Description:

The Development Analyst will focus primarily on multifamily projects, especially those involving Low-Income Housing Tax Credits (LIHTC). This role will be assigned to a development team and will report to the development lead and will essentially support the Development Department and collaborate closely with teams in accounting, asset management, capital strategies, and construction.

Responsibilities:

The Development Analyst’s responsibilities shall include assisting with the following:

• Support the development team in all phases of the multifamily development process, including site selection, due diligence, entitlements, design, financing, and construction.
• Assist with the preparation and submission of LIHTC applications and other public funding proposals in coordination with consultants and state housing agencies.
• Assist in the closing process and due diligence.
• Maintain development checklists and timelines to ensure key project milestones and deadlines are met.
• Collaborate with internal departments, external consultants, architects, engineers, legal counsel, and municipal agencies to gather and track necessary documentation.
• Conduct market research, demographic analysis, and site feasibility studies to support deal sourcing and underwriting.
• Prepare and update project proformas, budgets, and financial models under the guidance of senior team members.
• Assist with project presentations and materials for internal review, investment committee, and public meetings.
• Monitor compliance with regulatory requirements, funding obligations, and LIHTC program criteria throughout the development process.
• Organize and manage project files, funding documentation, and due diligence materials in both digital and physical formats.
• Provide general administrative and operational support to the development team, including scheduling, data entry, and coordination of project meetings.
• Provide high-quality analytical work to help Associates and Managers execute full P&L responsibilities.
• Act as an underwriting artist, with the ability to not only build accurate models but also interpret and communicate the story behind the numbers.
• Demonstrate a working understanding of LIHTC application processes and compliance and actively assist Associates in submissions.
• Progress toward independently managing discrete project components and becoming a future Associate.
• Other duties as assigned.
  

Education & Experience:

• Bachelor’s degree in accounting, finance, economics, real estate or other related field (MRED, MSF or relevant master’s a plus).
• 0-3+ years of experience and has strong desire to start and build a career in multifamily development and willingness to be a key member of the team.
• Highly analytical and results driven.
• Strong Excel and PowerPoint skills to prepare in-depth data and research analysis.
• Excellent communication skills, with the ability to build and maintain strong professional relationships.
• Flexible, adaptable, and highly organized, with strong time management and prioritization abilities.
  

Work Environment & Schedule:

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:

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
• Employer contribution of up to $1,430 per month toward insurance premiums
• Health Savings Account (HSA) option for eligible plans
• Access to telehealth and virtual care services
• Mental health and wellness support, including access to therapy and counseling resources
• Company-paid basic life insurance, with the option to purchase additional coverage
• Company-paid short-term disability insurance
• Paid time off (PTO), accruing at 20 days per year
• Ten (10) paid company holidays per year
• 401(k) retirement plan with employer matching contributions
• Performance-based bonus opportunities based on individual and company 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