Operating Property Accountant

Who We Are

Revantage provides real estate services to Blackstone - the world’s largest alternative asset manager. Blackstone’s real estate portfolio includes industrial & logistics, residential, office, hospitality and retail properties in North America, Europe and Asia Pacific. Revantage’s global reach supports Blackstone real estate portfolio companies with best-in-class talent and corporate services - from legal to technology, to people and culture. Some of the key services include legal, compliance, risk management, due diligence, valuations & portfolio reporting services, portfolio management, transaction execution support, accounting, tax, treasury, insurance, technology, property management, etc. With presence across US, UK, Luxembourg, Netherlands, Singapore, India and Australia, Revantage supports Blackstone real estate portfolio companies and its partners across 50 countries.

Job Summary:

The Operating Property Accountant, US owns the month-end close and financial reporting for an assigned portfolio of US properties, including preparation of financial statements and maintenance of accurate accounting records. This role works closely with property management and onshore accounting teams to ensure accurate, timely financial reporting and handles a wide range of recurring and ad hoc accounting functions. The ideal candidate brings solid accounting fundamentals, attention to detail, and the ability to manage multiple properties in a fast-paced environment. This is an exciting opportunity to contribute to the financial performance of a growing portfolio with a leading organization in the office real estate sector.

Key Accountabilities:

Month-End Close & Financial Reporting

• Execute the month-end close for the assigned portfolio, ensuring all journal entries, accruals, and reconciliations are completed accurately and within established close deadlines
• Prepare monthly and quarterly financial statements for multiple properties within an assigned portfolio, in accordance with company accounting policies and procedures
• Generate standard, recurring, and non-recurring journal entries related to the portfolio, resolving questions arising from unusual variances or fluctuations
• Perform monthly Common Area Maintenance (CAM) reconciliations and recovery analysis, identifying under- or over-recovery positions and posting adjusting entries
• Coordinate the month-end expense accrual process for the assigned portfolio, working with property managers to obtain and review accrual estimates for reasonableness, and posting the related entries within the monthly deadline
• Maintain the close calendar and checklist for the assigned portfolio, confirming all tasks are completed and supported within the close timeline

Invoice Processing, Support, Reconciliations and Reporting

• Review special billings for coding accuracy and completeness of supporting documentation, including:
  • CAM billings
  • Property tax billings
  • Insurance billings
  • Manual billings
• Reconcile balance sheet accounts monthly, researching and resolving reconciling items in a timely manner and preparing variance analyses
• Review income statements for the assigned portfolio to detect potential risks and issues
• Summarize the drivers of financial statement fluctuations by major category when multiple factors may be contributing, including:
  • Rental Revenue
  • Recoveries
  • Net Operating Income
  • Non-Recoverable Expense
  • Bad Debt
• Review tenant ledgers and aged receivables, and record bad debt expense for the assigned portfolio

Cross-Functional Partnership

• Work with the BMR corporate, tax, treasury, and lease administration teams to support information requests and cross-functional reporting needs
• Partner with property management teams on expense accruals, CAM reconciliations, and tenant audit requests for the assigned portfolio
• Coordinate with the onshore accounting team on close deliverables, escalating issues and open items in a timely manner
• Support process improvement and documentation efforts, identifying opportunities to standardize recurring portfolio processes
• Willingness to take on additional projects, as needed

Required Experience:

• Education
  • University/College Accounting degree consistent with local market expectations for role
  • Accounting certifications consistent with local market expectations for role

• Experience
  • 6 plus years of accounting experience required
  • Experience with month-end closing activities and financial reporting processes required
  • Experience managing full-cycle accounting and month-end close responsibilities
  • Real estate property accounting experience and familiarity with lease accounting, CAM reconciliations, and tenant billings are preferred
  • Experience in a GCC (Global Capability Center), shared services, or BPO environment supporting a US-based team is strongly preferred

• Technical Skills
  • Financial Analysis: Ability to analyze, interpret, and communicate portfolio financial data
  • US GAAP Proficiency: Working knowledge of US GAAP, including accrual accounting and revenue recognition
  • Knowledge of Department Policies, Processes, and Procedures
  • Software Tools & Applications: Strong MS Excel skills required; familiarity with ERP and accounting systems or property management software such as MRI, Nexus Payables, and Oracle is preferred

Critical Competencies for Success:

• Attention to Detail: Maintains a high level of accuracy in monthly close, reconciliations, and reporting. Ensures financial information is complete, well-supported, and reliable
• Analytical Thinking: Analyzes account balances and variances to identify issues, trends, and opportunities for improvement
• Communication and Collaboration: Communicates clearly and professionally across all departments and builds strong working relationships and partners effectively across teams to support timely close and reporting accuracy
• Organization and Time Management: Effectively manages competing priorities, multiple properties, and deadlines while maintaining strong follow-through and responsiveness
• Accountability: Takes ownership of assigned work and accounting processes, ensuring deliverables are completed accurately and on time
• Adaptability: Thrives in a dynamic, fast-paced environment and adjusts effectively to changing priorities, volumes, and business needs. Able to work effectively across time zones

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EEO Statement

The Company 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]