Associate II, Sr. Property Accountant

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.

Why This Role Is Valuable 

This role is responsible for aligning our Property Management fixed asset projects with the Blackstone framework. You will handle job cost assignments as well as ensuring adherence to protocol for both GAAP reporting and internal project tracking.

How You Add Value

Job Cost Ownership (Primary)

• Own the job code life cycle in the ERP — intake new job code requests, validate budget authorization, confirm setup attributes (job type, cost list, phase, entity, project tag), and shepherd codes through approval before they are made active.

• Investigate and resolve miscoded costs in partnership with Property Accountants, Construction Accountants, and Procore users; coordinate reclassification entries before month-end close.

• Maintain a CIP aging dashboard

• Support quarterly and annual job code clean-up cycles

Job Cost to GL Reconciliation

• Perform monthly Job Cost to General Ledger reconciliations across assigned portfolios; investigate and resolve variances within the close calendar.

• Communicate findings, root causes, and corrective actions clearly to in-house Property Management and Property Accounting

Accounting Treatment Knowledge (Supporting)

• Apply a working understanding of capitalization vs. expense criteria under U.S. GAAP and ASC 360, including the company’s capitalization policy thresholds and useful life conventions.

• Understand the accounting treatment for all job types the team manages — capital projects, building improvements, site improvements, tenant improvements, landlord work, FF&E, leasing commissions, leasing legal, lease incentives / tenant inducements, and loan origination cost

• Maintain awareness of the downstream fixed asset life cycle (setup, depreciation cadence, retirement, disposal) sufficient to anticipate hand-off needs and avoid rework.

Placed-in-Service Hand-off

• Gather and validate placed-in-service documentation from Property Controllers — completion date, final cost reconciled to job cost, asset categorization, tenant/lease linkage for TI, GL mapping, retainage status, and supporting evidence.

• Deliver a clean hand-off package to the Fixed Asset team so the asset can be set up in the FA system without follow-up loops.

• Confirm zero residual CIP balance on the job at hand-off; coordinate any final reclasses with the close team.