Associate, Sr. Accountant

Overview

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

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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.

WHY THIS ROLE IS VALUABLE

Under the direction of Sr. AVP, Accounting, the Associate, Sr. Accountant role will comprehend/review newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations. Comprehend/review newly executed joint venture agreements and loan documents and understand/investigate any accounting and/or financial reporting consequences on an asset and fund-level. Coordinate supporting information needed with legal teams, title companies, Blackstone’s real estate portfolio companies, lenders, and property managers to prepare closing statements; additional coordination directly with Blackstone on acquisitions. Calculate prorations on transactions for inclusion in the closing statement based on the purchase and sale agreement. Draft and finalize 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, setup, and onboard new assets and legal entities. For property acquisitions, review third-party purchase price allocation reports and prepare corresponding entries. Ensure the opening entries recorded reconcile to the executed closing documents and other support.  Coordinate with Blackstone and/or their fund administrator and real estate portfolio companies in order to ensure the completeness of the entries recorded. For property acquisitions, summarize and document the methodologies, assumptions, and overall approach to testing the purchase price allocation reports. Coordinate with third-party valuation firms, Revantage valuations team, and Blackstone and/or their real estate portfolio companies’ deal teams in assisting with the purchase price allocation estimates; test key inputs used in the purchase price allocation estimates. Prepare or review disposition journal entries and gain/loss calculation and ensure properly recorded by the property managers. Actively participate in calculating or reviewing reprorations (post-acquisition/disposition true-ups) within the designated period per the purchase sale agreement. Prepare or review acquisition/disposition roll forwards and cash flow summary on a quarterly basis. Prepare or review redisposition balance sheet clean up analysis and post balance sheet write off entries. Respond to audit inquiries from public accounting firms. Supervise accounting associate/senior and demonstrate leadership skills. Perform special ad hoc projects and analysis on a frequent basis. This role is base out in Revantage in Dallas, TX at 2699 Howell Street, Dallas, TX 75201. Hybrid, 3 days in office, 2 days remote.

WHAT YOU BRING TO THE ROLE

Required:

• Bachelor’s Degree in Finance, Accounting or related field

• 4 years of experience in general accounting and/or financial analysis or related occupation.

• Alternative Requirements: Master’s Degree in Finance, Accounting or related field plus 2 years of experience in general accounting and/or financial analysis or related occupation

• Required Skill: US GAAP to ensure the property financials are recorded GAAP’s standards;

• Required Skill: Accounting Software and database such as Workday and ARGUS;

• Required Skill: Microsoft Office Suite, including use of Excel formulas such as VLOOKUP or SUMIF, and ability to organize and manipulate data using filters and pivot tables;

• Required Skill: Ability to analyze and abstract legal deal documents such as Purchase & Sale Agreements, Joint Venture Agreements, and Loan Agreements;

• Required Skill: Real estate accounting concepts, ability to calculate gain or loss on sale of real estate and knowledge of the different types of real estate (i.e., multifamily vs hospitality), ability to prepare acquisition or disposition accounting journal entries.

Base Compensation Range:

$89,960.00 To $114,493.50. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.

Total Direct Compensation:  This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Perks for You

• 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

EEO Statement

Revantage is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email  [email protected]

Please review the job applicant privacy notice here.