Revantage

VP, Valuations

Job Locations US-TX-Dallas
ID
2022-3982

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 a Vice President in the Valuations & Portfolio Reporting function is responsible for managing valuations and portfolio reporting, including portfolio analytics and property-level performance. This role is the liaison with Blackstone’s asset management, portfolio management and finance teams as well as portfolio companies in order to support the monthly and/or quarterly valuation processes. Furthermore, this role works with external third parties to coordinate appraisals or facilitate valuation reviews. The role requires oversight of multiple asset classes or function within the department and will have analysts, associates, and managers directly reporting.  The position will work directly with the head of the department to continue to build out best practice and valuation and portfolio reporting support.

How You Add Value

  • Support the monthly BREIT and quarterly BREP and BPP internal valuation support cycles together with Blackstone and the portfolio companies
  • Review robust excel cash flow models populated by source data. Certain investment-level valuations are sourced via Argus Enterprise cash flows and it is the responsibility of the team that they are maintained and updated.
  • Effectively obtain property-level information from various source systems or portfolio companies in order to routinely update cash flow models with actual leasing or changes in market leasing assumptions, other income, operating expenses or capital expenditures
  • Review and provide critical analysis of changes at the property- or investment-level in order to report on the cash-flow and valuation changes. Investment-level valuation reports include cash flow analysis, capital market assumptions, equity calculations and other metrics in order to assess the current valuation of owned assets
  • Oversee the analysis of market conditions from sales comparables and other sources in order to drive assumptions and assess the value of the assets
  • Support the entire valuation reporting process with Blackstone stakeholders and oversees revisions to valuation models based on feedback
  • Support the third-party appraisal, positive assurance, and audit processes by providing data and responding to questions as they relate to valuations
  • Prepare presentations and property-level or investment-level analytics for Blackstone or portfolio companies
  • Assist in ad hoc requests or special projects at the request of the department or at the request of Blackstone or portfolio companies

Supervisory Responsibility:

  • Directly supervises analysts, associates or managers working on asset-type verticals or portfolio reporting

What You Bring To The Role

Required:

  • Bachelor’s Degree with a major in Finance, Accounting, or closely related field
  • 12+ years of experience in real estate related field such as valuations, financial analysis, accounting, etc.
  • Real estate knowledge, including broad market fundamentals and financial cash flow modeling, required
  • Strong MS Office, particularly Microsoft Excel
  • Argus Enterprise experience
  • 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:

  • Appraisal licensing, MAI, CFA, or CPA
  • Experience with US GAAP and real estate accounting and/or management systems

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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