Revantage

Sr. Accountant, Multi-Family

Job Locations US-Chicago

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 role of Senior Accountant, oversees all activities related to supervising and managing the residential investments owned by Blackstone and held within any of the Funds (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 Senior Accountant, is knowledgeable about real estate principles (GAAP, SEC) and has a strong business acumen and the ability to multi-task all internal and external requests. This role reports out of Revantage’s headquarters in Chicago, IL.

How You Add Value

  • Responsible for the Residential Investment Reporting month-end, quarter-end and year-end close processes such as account reconciliations, prior period adjustments and monthly journal entries, bank reconciliations, etc.
  • 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,)
  • Reviews portfolio annual budgets and individual property budgets in conjunction with the LivCor FP&A team or BX asset manager, and the loads into ERP system
  • Prepares and reviews variance reporting to assess property performance relative to budget or forecast
  • Assists with the onboarding and wind down efforts of acquisitions, dispositions and change of operators
  • Reviews all capex draw requests including lender draw packages as needed
  • Serves as liaison with property operators
  • Ensures all residential property invoices paid at the corporate level are processed and paid timely
  • Assists in the enforcement of proper accounting methods, policies and principles
  • 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 results of annual audit findings
  • Assists with 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
  • Ensures that processes are compliant with GAAP principles
  • Ensures processes and procedures being followed support the department’s goals according to guidelines and policies
  • Assists other PC’s during Project initiatives on an as-needed basis

What You Bring To The Role

Required:

  • Bachelor’s Degree with a major in Finance, Accounting or closely related field
  • Minimum 3 years of experience in cost accounting, financial analysis and general accounting
  • 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
  • Advanced 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

Preferred:

  • Master’s Degree
  • CPA
  • Real estate knowledge

 

Perks for You

  • Competitive salary, overall compensation and 401(k)
  • Work-life balance offerings include:
    • Remote work options
    • Weekly hours dedicated to personal productivity
    • Bi-weekly Summer Fridays
  • In-house and external learning & development opportunities
  • Generous health insurance and wellness benefits

 

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

 

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