Associate, Sr. Accountant

Revantage, a Blackstone Real Estate portfolio company, is a global provider of corporate services. The Associate, Sr. Accountant role involves comprehending and investigating accounting consequences of purchase and sale agreements, preparing internal closing statements, and ensuring timely and accurate reporting to Blackstone and portfolio companies.

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

Skills

• 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
• 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

Benefits

• Health insurance coverage
• Retirement savings plan
• Paid holidays
• Paid time off (PTO)
• Competitive salary, overall compensation, and 401(k)
• 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

Company Overview

Company H1B Sponsorship