Director - Accounting at NewCo

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Who We Are

NewCo is a recently established Blackstone Real Estate portfolio company focused on the acquisition and asset management of long-term Single Tenant Net Lease real estate across the United States. Headquartered in Kansas City, Missouri, the Company’s goal is to build and manage a diversified portfolio of high-quality Net Lease real estate assets that provide stable, predictable income streams for our investors with long term value appreciation.

What We Value: Our Culture

With Blackstone’s backing, NewCo will embody speed and efficiency, financial strength and reliability, market expertise, flexibility and accommodation, as well as a thoughtful approach to investing. This new business is about much more than creating value for our investors. We seek to foster a culture of purpose, entrepreneurialism, excellence, dynamism, and continuous improvement. We believe in a workplace where everyone can be their authentic self, which enables them to do their best work. We are seeking candidates eager to make a different in a fast growing, dynamic real estate platform.

As the Director of Accounting, you will work closely with the EVP -Acquisitions and Head of Operations of one of Blackstone’s Portfolio Companies, Revantage and other finance professionals to ensure the accuracy and compliance of property and tenant financial data. Your responsibilities will encompass various aspects of financial accounting, reporting, analysis, and strategic planning related to our property portfolio.

Essential Job Functions

Accounting Management

• Oversee and execute on the Portfolio Company’s accounting functions, by coordinating with Revantage

• Establish accounting policies and procedures in accordance with Generally Accepted Accounting Principles (GAAP) and real estate accounting standards in coordination with Revantage

• Maintain accurate records of property acquisitions, dispositions, leases, and related transactions, including performing a regular review of tenant lease database

• Assist with tenant onboarding onto platform as necessary (e.g., rent payment, wire transfer set-up)

• Ensure compliance with GAAP and real estate accounting standards as they pertain to property accounting

Financial Reporting and Analysis

• Prepare and review detailed financial statements, including balance sheets, income statements, cash flow statements, variance analysis, general ledgers, and supporting schedules specifically related to the property portfolio and upper tier entities

• Generate periodic reports and presentations for senior management and stakeholders to communicate property level financial performance, ensuring accuracy and adherence to deadlines

• Review lender reporting packages

• Review tenant billings and monitor AR, collections, delinquencies together with Revantage and Portfolio Company’s Asset Management teams

• Prepare regular analysis around property operations and industry specific metrics

• Prepare and monitor Portfolio Company’s G&A budgets

• Coordinate communication and assist with performing any servicing requirements of portfolio (e.g., appraisals) with the debt capital markets team

Budgeting and Forecasting

• Collaborate with property management teams to develop and manage property-specific budgets and forecasts

• Support the Asset Management team with budgets, cash flow projections, draw schedules, loan draws, capital calls, and distributions, tenant financial tracking

• Monitor actual performance against budgeted figures, identify variances and implement corrective actions when necessary

Audit and Compliance

• Assist in external audits by providing necessary documentation, explanations, and support for property-related financial matters

• Provide information for audits, tax preparation, and appraisals, and ensure accuracy of data and output

• Ensure compliance with tax regulations and coordinate with tax professionals for property tax filings

• Work with external tax specialists to ensure REIT compliance, as required

• Work with insurance and closing teams to ensure tenant compliance with standard insurance requirements

Process Improvement

• Identify opportunities for process improvements in property accounting procedures, documentation, and systems

• Streamline workflows to enhance efficiency and accuracy in pro