Associate, Sr. Accountant

Revantage, A Blackstone Portfolio Company•Chicago, IL

22d•$90,000 - $110,000•Hybrid

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. What We Value: Our Culture Our people are our most important asset, enabling Blackstone portfolio companies and investments to scale and thrive. Together, we foster a workplace where everyone can be themselves, enabling them to do their best work. At Revantage, we have exceptional people who live our values and help us pursue better every day. We offer dynamic and meaningful work, competitive compensation, benefits and flexibility. We listen and take action to ensure our organization evolves to reflect our employees’ voices and support an inclusive culture. Our demonstrated commitment to our people and collaborative culture have earned us numerous awards as a top employer. Our culture is built on our shared core values and commitment to be: Learners – We learn from our challenges and successes Leaders – We commit to continuous improvement Enthusiasts – We face challenges with optimism and believe anything is possible Achievers – We expect high standards for ourselves and enable the success of our teams Partners – We deliver value and positive impact to our partners Grow your career with us. As a member of our team, you'll gain hands-on experience in the real estate industry and benefit from a supportive environment that fosters personal and professional growth. How You Add Value Functional: Comprehend newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations Comprehend newly executed joint venture agreements and loan documents and understand/investigate any accounting and/or financial reporting consequences on an asset and fund-level Calculate prorations on transactions for inclusion in the closing statement based on the purchase and sale agreement Draft internal closing statement to be distributed to the buyer, seller, and title company (reconcile to title company statement); coordinate internal team and buyer review/approval prior to closing For property acquisitions, prepare accounting system templates to create, set up, and onboard new assets and legal entities For property acquisitions, assist with third party purchase price allocation reports and prepare corresponding entries For property acquisitions, test key inputs used in the purchase price allocation estimates Prepare disposition journal entries and gain/loss calculation and ensure properly recorded by the property managers Assist with audit inquiries from public accounting firms related to transaction testing Prepare special ad hoc projects and analysis on a frequent basis Demonstrate ability to gather deal information from a variety of sources and to create and maintain multiple deal and reporting trackers to share with all relevant internal parties for planning purposes Provide recommendations to improve processes and procedures and initiate corrective actions Relationship Management: Accountable to Blackstone and portfolio companies for timely and accurate reporting Support initiatives to ensure smooth business partner experience across the team Respond to business partner inquiries and commit to deliverables by leveraging resources across the team Partner with other team members to identify and drive external relationships with the team’s key contacts and stakeholders, including third-party accounting departments and third-party operators’ accounting teams

Requirements

Bachelor’s Degree with a major in Accounting, Finance or closely related field
Minimum 1 - 3 years of real estate investment accounting experience
Knowledge of GAAP
Advanced knowledge of MS Office Suite, including Excel, Word, and PowerPoint
Excellent communication, problem solving and interpersonal skills
Ability to multi-task and manage shifting priorities in a fast-paced environment
Strong attention to detail and ability to work both independently and in a team environment

Nice To Haves

CPA certification
Big 4 public accounting experience
Commercial real estate fund reporting experience (open-ended fund, closed-end fund, separate account, and/or REIT-related)
Experience in preparing and/or reviewing third party appraisals reports and/or internal valuations
Accounting system consolidation experience/knowledge

Responsibilities

Comprehend newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations
Comprehend newly executed joint venture agreements and loan documents and understand/investigate any accounting and/or financial reporting consequences on an asset and fund-level
Calculate prorations on transactions for inclusion in the closing statement based on the purchase and sale agreement
Draft internal closing statement to be distributed to the buyer, seller, and title company (reconcile to title company statement); coordinate internal team and buyer review/approval prior to closing
For property acquisitions, prepare accounting system templates to create, set up, and onboard new assets and legal entities
For property acquisitions, assist with third party purchase price allocation reports and prepare corresponding entries
For property acquisitions, test key inputs used in the purchase price allocation estimates
Prepare disposition journal entries and gain/loss calculation and ensure properly recorded by the property managers
Assist with audit inquiries from public accounting firms related to transaction testing
Prepare special ad hoc projects and analysis on a frequent basis
Demonstrate ability to gather deal information from a variety of sources and to create and maintain multiple deal and reporting trackers to share with all relevant internal parties for planning purposes
Provide recommendations to improve processes and procedures and initiate corrective actions
Accountable to Blackstone and portfolio companies for timely and accurate reporting
Support initiatives to ensure smooth business partner experience across the team
Respond to business partner inquiries and commit to deliverables by leveraging resources across the team
Partner with other team members to identify and drive external relationships with the team’s key contacts and stakeholders, including third-party accounting departments and third-party operators’ accounting teams