||Who We Are
Revantage is a Corporate Services affiliate of The Blackstone Group, the world’s largest alternative investment firm. Revantage provides a highly skilled employee base, best-in-class processes, and state-of-the-art technology to multiple Blackstone real estate portfolio companies. Sectors include Hospitality, Industrial, Multi-Family, Office, Retail, Senior Housing, and Manufactured Homes.
Revantage, headquartered in Chicago, is one of three global offices that includes Revantage Asia and Revantage Europe.
What We Value: Our Culture
Creating a culture that inspires change and momentum require the right team. We know what it takes to lead an industry, and are looking for leaders who seek constant growth, want to excel, and continuously improve upon themselves and the industry. The culture at Revantage is built on our shared core values and commitment to be:
Achievers – We expect high standards for ourselves and enable the success of our teams.
Enthusiasts - We face challenges with optimism and believe anything is possible.
Leaders - We commit to continuously improve our performance.
Learners – We learn from our challenges and successes.
Partners - We deliver value and positive impact to our partners.
Why This Role Is Valuable
The AVP, Accounting (Residential) role oversees all activities related to supervising and managing the residential investments owned by Blackstone and held within the BREIT Fund (LivCor). The role is responsible for overseeing the team responsible for preparing, analyzing and reporting on the financial and operating results of the residential investments at the asset level, investment level and a consolidated level. A successful Manager of Accounting is knowledgeable about real estate principles (GAAP, SEC) and has a strong business acumen and the ability to multitask inter and external requests.
How You Add Value
Manages and oversees the daily operations of Residential Investment Reporting including overseeing and reviewing the month-end, quarter-end and year-end close processes such as account reconciliations, prior period adjustments and monthly journal entries, bank reconciliations, etc. to ensure accuracy and completeness
Provide guidance, support and direct supervision to the following positions: Senior Accountants, Accountants, Associates and Interns
Reviews and analyzes accounting data and produces financial reports or statements such as P&L’s, Balance Sheets and forecasts at the individual asset level and the consolidated portfolio level for the residential assets (LivCor).
Provides variance reporting to assess property performance relative to budget or forecast and month to month.
Leads onboarding and wind down efforts of acquisitions, dispositions and change of operators
Instrumental in the preparation of certain due diligence reports, such as the review of trailing twelve month financials
Reviews projects assigned to staff to ensure compliance (lender or other), reporting accuracy and timeliness.
Serves as liaison with third-party property operators
Ensures all residential property invoices paid at the corporate level are processed and paid timely
Ensures adherence to proper accounting methods, policies and principles
Provides recommendations to improve systems and procedures and initiate corrective actions. Ensures direct reports are handling processes in a like and efficient manner.
Constructs reliable cash models to project an asset’s future performance
Establishes and maintains fiscal files and records to document transactions
Assists in the preparation and review of annual audited financial statements
Assists with developing and documenting business processes and accounting policies to maintain and strengthen internal controls
Interacts with internal staff, related company (such as Insurance, Tax and Treasury) and external service providers to complete assigned responsibilities
Incorporates anticipated demand, driven by company initiatives and business conditions to ensure required capacity and skills will be available in the future
Assesses and reacts to changing business conditions, in terms of their impact to the organization they lead.
Ensures team’s processes and procedures support the department’s goals according to guidelines and policies
Partners with senior managers 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
||What You Bring To The Role
Bachelor’s Degree with a major in Finance, Accounting or closely related field
Minimum 6 years of experience in- financial analysis, financial reporting, and general accounting
Minimum 1 year people management experience
Extensive experience with accounting ERP systems and other accounting software
Requires understanding of financial models, corporate financials and regulatory market. Drive and desire to learn new technologies and grow technical and functional skill sets
Passion for making business processes more efficient and successful
Real estate accounting knowledge a plus
Must have knowledge of US GAAP
Strong working knowledge of MS Office, accounting software and databases
Excellent communication, problem solving and interpersonal skills necessary
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
Minimum 3 years people management experience
Perks for You
Competitive salary, overall compensation and 401(k)
Work-life balance offerings include:
Remote work policy
Productivity Hours – weekly meeting-free work time
Bi-weekly Summer Fridays
In-house and external learning & development opportunities
Generous health insurance and wellness benefits