WHO WE ARE
Revantage is a Blackstone Company that 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:
WHY THIS ROLE IS VALUABLE
Under the direction of AVP, Accounting, the Accountant role will comprehend/review newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations.
HOW YOU ADD VALUE
Comprehend/review newly executed joint venture agreements and loan documents and understand/investigate any accounting and/or financial reporting consequences on an asset and fund-level. Coordinate supporting information needed with legal teams, title companies, Blackstone’s real estate portfolio companies, lenders and property managers to prepare closing statements, additional coordination directly with Blackstone on acquisitions. Calculate prorations on transactions for inclusion in the closing statement based on the purchase and sale agreement. Draft and finalize internal closing statement to be distributed to the buyer, seller and title company (reconcile to title company statement); coordinate internal team and buyer review/approval prior to closing. For property acquisitions, prepare accounting system templates to create, setup, and onboard new assets and legal entities. For property acquisitions, review third party purchase price allocation reports and prepare corresponding entries. Ensure the opening entries recorded reconcile to the executed closing documents and other support. Coordinate with Blackstone and/or their fund administrator and real-estate portfolio companies in order to ensure the completeness of the entries recorded. For property acquisitions, summarize and document the methodologies, assumptions, and overall approach to testing the purchase price allocation reports. Coordinate with third party valuation firms, Revantage valuations team, and Blackstone and/or their real estate portfolio companies’ deal teams in assisting with the purchase price allocation estimates; test key inputs used in the purchase price allocation estimates. Prepare or review disposition journal entries and gain/loss calculation and ensure properly recorded by the property managers. Actively participate in calculating or reviewing reprorations (post acquisition/disposition true ups) within the designated period per the purchase sale agreement. Prepare or review acquisition/disposition roll forwards and cash flow summary ona quarterly basis. Prepare or review redisposition balance sheet cleanup analysis and post balance sheet write off entries. Respond to audit inquiries from public accounting firms. Supervise accounting associate/senior and demonstrate leadership skills. Perform special ad hoc projects and analysis on a frequent basis. This role is base out in Revantage headquarters in Chicago, IL at 233 S. Wacker Drive, Suite 4700, Chicago, IL 60606. 100% Telecommuting. Applicants who are interested in this position please visit https://www.revantage.com/americas/careers/ for a complete job description, requirements and to apply.
WHAT YOU BRING TO THE ROLE
PERKS FOR YOU
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@example.com