Associate II, Sr. Property Accountant
About The Position
Who We Are Revantage, a Blackstone Real Estate portfolio company, is a global provider of corporate services. With a corporate purpose of ‘In Pursuit of Better,’ Revantage delivers value-added services and world-class talent for Blackstone Real Estate portfolio companies, spanning diverse asset classes, including residential, logistics, office, hospitality and retail sectors. Headquartered in Chicago, the company’s footprint extends across North America, Europe and Asia Pacific. Rooted in a commitment to collaboration and inclusivity, Revantage goes beyond traditional corporate services and acts as a trusted partner. Across offerings that include finance, technology, human resources and operations, Revantage proactively anticipates stakeholder needs, recruits exceptional talent and enables its business partners to thrive. WHY THIS ROLE IS VALUABLE The Senior Property Accountant is responsible for a portfolio of commercial retail and office assets, ensuring accurate general ledger accounting, financial reporting and adherence to internal controls and deadlines. This position will be based in Dallas, TX.
Requirements
- Bachelor’s degree in accounting, a CPA certification is preferred
- 4 - 5 years of accounting experience; 2 years of commercial real estate accounting experience
- Strong knowledge of US GAAP, real estate accounting principles, financial reporting standards, CAM billings, and regulatory compliance requirements in the commercial real estate industry
- Proficient in accounting software systems and CAM modules, including Yardi
- Desire to thrive and be successful in a fast-paced, deadline-driven, high-growth environment.
- Exceptional financial acumen with meticulous attention to detail
- Excellent analytical, quantitative, and problem-solving skills.
- Strong ability to analyze processes and procedures and provide strategic recommendations for improvement
- Excellent oral and written communication skills.
- Proficient in Microsoft Excel.
Nice To Haves
- Public Accounting experience
Responsibilities
- Manage monthly, quarterly, and year-end closes for assigned properties, including journal entries, accruals, and reconciliations
- Oversee and review property-level general ledgers, ensuring accurate posting of rental income, operating expenses, and capital expenditures
- Monitor tenant ledger activity including billing, rent escalations, lease abstracts, tenant improvement allowances, and security deposit accounting
- Ensure compliance with lease terms, property management agreements, and lender requirements
- Review property general ledger detail, record adjusting journal entries, and prepare supporting schedules for GAAP-based financial statements
- Review straight-line rent calculations
- Prepare and review expense accruals
- Review bank reconciliations
- Review invoice coding
- Prepare and review property level and consolidated variance analysis
- Prepare and review property level and consolidated workpapers, including balance sheet reconciliations and roll forwards
- Assist in Common Area Maintenance (CAM) process. Prepare and review CAM pool setup in accounting software. Prepare and review annual prepayment calculations and yearend settlement calculations to ensure timely and accurate calculations and adherence to lease. Ensure all adjustments are billed timely and correctly per lease requirements. Participate in CAM annual budget process.
- Prepare and review property-level and consolidated financial statements and management reporting packages
- Prepare and review property level and consolidated reporting to lenders, joint venture partners and portfolio companies
- Prepare property-level cash flow forecasts
- Review acquisition and disposition entries
- Collaborate with asset management and operations teams to support budgeting, forecasting, and performance analysis
- Function as a resource to onsite property teams as required coordinating procedures, responding to accounting questions and responding to client questions
- Assist with annual budget preparation – compile key assumptions and capital budget information, review for reasonableness and ensure timely and accurate entry into the accounting system
- Special projects as required
- Train new property accountants and provide guidance throughout the year
- Review journal entries, workpapers, variance analysis and reports prepared by property accountants
- Gain a complete understanding of the internal accounting control requirements and ensure requirements are met
- Maintain and strengthen internal controls to ensure adherence to company policies and regulatory requirements
- Participate in external audits, coordinate and review auditor requests
- Streamline accounting processes to improve accuracy, timeliness, and efficiency and champion a culture of continuous improvement
- Create, modify and improve accounting workpapers
Benefits
- Competitive salary, overall compensation, and 401(k)
- Work-life balance offerings include: Hybrid Work Policy Productivity Hours – weekly meeting-free work time Summer Fridays Work From Anywhere Month
- In-house and external learning & development opportunities
- Generous health insurance and wellness benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
251-500 employees
