Revantage

Tax Accountant - Affordable Housing

Job Locations US-NV-Reno

 

Company

 

Blackstone is establishing a new portfolio company (“NewCo”) that will become a leading U.S. affordable housing platform. Newco is being formed in connection with the acquisition, by Blackstone Real Estate Income Trust (BREIT), of AIG’s 679-asset, 83,000-unit Low Income Housing Tax Credit (LIHTC) multifamily portfolio (“Initial Portfolio”). The new company will be a real estate asset management business that oversees both the Initial Portfolio and Blackstone’s potential future acquisitions and developments in the sector. NewCo, headquartered in Los Angeles, will benefit from both the knowledge and dedication of legacy AIG employees and additional leadership to enable growth.

 

This new business is about much more than creating value for our investors. These communities provide critical affordable housing for many Americans. We genuinely care about our residents and their wellbeing and are committed to being fair, transparent, and responsive to all.  We are also committed to making significant improvements to these properties and aligning the operations with Blackstone’s Standards of Excellence in Residential Operations while ensuring they remain affordable and in compliance with all rent regulations. Additionally, we will seek opportunities to leverage our scale and our partners in this sector to expand the supply of affordable housing. Finally, within the new company, we will create a culture of inclusivity and respect where the pursuit of excellence, in all its forms, is rewarded.

Role & Responsibililties 

 

We are seeking a Tax Accountant to join the company’s Reno Office. Working in partnership with Blackstone and NewCo, the Tax Accountant will assist with the preparation and review of partnership returns, related forms, and workpapers for partnerships with Low Income Housing Tax Credit allocations.

Other key responsibilities include:

  • Assist with the review of multi state, multi-tier partnership tax returns, addressing contributions, distributions, partner allocations, capital account analysis, sales of partnership interest or assets, credit and depreciation calculations
  • Assist with the review of partnership agreements, partnership audits, partnership general ledgers and related backup and documentation
  • Assist with the preparation of work papers and calculations utilized to complete the partnership financials and tax returns
  • Assist with the preparation of apportionment data, state withholding, waivers and tax payments
  • Assist with correspondence with federal and state agencies regarding notices
  • Assist with data requests from Investors and Corporate
  • Driving shareholder value and portfolio performance

Key Qualifications & Attributes

 

The successful candidate must possess the drive and energy to execute on the responsibilities outlined above. Ideally, the candidate will have a background in affordable housing and investments/(re)development. This person will be a hard worker with communication skills.

Other key candidate attributes include:

  • Undergraduate degree in Accounting, Finance, or Business-related field, or related work experience
  • Minimum 1 year of experience in the accounting field and the preparation of tax returns preferred
  • Basic knowledge of partnership taxation and experience preparing partnership tax returns preferred, but not required
  • Exposure to multi state filings preferred, but not required
  • Knowledge of Excel required
  • Ability to multi-task and work effectively in a fast-paced environment
  • Financial acumen
  • Strong communication skills
  • Leadership ability
  • Personal commitment to making a positive difference in affordable housing

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