AVP, Transaction Accounting

Overview

Who We Are

Revantage, a Blackstone Real Estate portfolio company, is a global provider of corporate services.

With a corporate purpose of ‘In Pursuit of Better,’ Revantage delivers value-added services and world-class talent for Blackstone Real Estate portfolio companies, spanning diverse asset classes, including residential, logistics, office, hospitality and retail sectors. Headquartered in Chicago, the company’s footprint extends across North America, Europe and Asia Pacific.

Rooted in a commitment to collaboration and inclusivity, Revantage goes beyond traditional corporate services and acts as a trusted partner. Across offerings that include finance, technology, human resources and operations, Revantage proactively anticipates stakeholder needs, recruits exceptional talent and enables its business partners to thrive.

What We Value: Our Culture

Our people are our most important asset, enabling Blackstone portfolio companies and investments to scale and thrive. Together, we foster a workplace where everyone can be themselves, enabling them to do their best work.​

At Revantage, we have exceptional people who live our values and help us pursue better every day. We offer dynamic and meaningful work, competitive compensation, benefits and flexibility. We listen and take action to ensure our organization evolves to reflect our employees’ voices and support an inclusive culture.

Our demonstrated commitment to our people and collaborative culture have earned us numerous awards as a top employer.

Our culture is built on our shared core values and commitment to be:

• Learners – We learn from our challenges and successes
• Leaders – We commit to continuous improvement
• Enthusiasts – We face challenges with optimism and believe anything is possible
• Achievers – We expect high standards for ourselves and enable the success of our teams
• Partners – We deliver value and positive impact to our partners

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Grow your career with us. As a member of our team, you'll gain hands-on experience in the real estate industry and benefit from a supportive environment that fosters personal and professional growth.

The AVP, Transactions Accounting assists Blackstone and their real estate portfolio companies’ deal teams with handling acquisition and disposition closings across all asset classes including multifamily, self-storage, student housing, manufactured housing, and hospitality. This role will also assist the investment reporting teams with the onboarding of new assets and legal entities into Revantage’s accounting system, Workday. In addition, this individual will also be responsible managing a team of staff and/or senior accountants, as well as being responsible for the preparation and/or review of acquisition and disposition workbooks and corresponding journal entries.  A successful AVP, Transaction Accounting is knowledgeable about real estate principles (GAAP, SEC, fund reporting and elimination/consolidation) – including reviews of third-party purchase price allocation reports and appraisals – and has a strong business acumen and the ability to multitask both internal and external requests. This position is based out of Revantage’s headquarters in Chicago, IL.

How You Add Value

• Comprehend/review newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations

• 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, review accounting system templates to create, setup, and onboard new assets and legal entities

• For property acquisitions, review third party purchase price allocation reports and review corresponding entries. Ensure the opening entries recorded reconcile to the execut