Who We Are
Revantage provides real estate services to Blackstone - the world’s largest alternative asset manager. Blackstone’s real estate portfolio includes industrial & logistics, residential, office, hospitality and retail properties in North America, Europe and Asia Pacific. Revantage’s global reach supports Blackstone real estate portfolio companies with best-in-class talent and corporate services - from legal to technology, to people and culture. Some of the key services include legal, compliance, risk management, due diligence, valuations & portfolio reporting services, portfolio management, transaction execution support, accounting, tax, treasury, insurance, technology, property management, etc. With presence across US, UK, Luxembourg, Netherlands, Singapore, India and Australia, Revantage supports Blackstone real estate portfolio companies and its partners across 50 countries.
Job Description Summary
The Operating Property Accountant, UK and JV owns the month-end close and financial reporting for an assigned group of UK and joint venture entities, including foreign currency translation, UK statutory reporting, and partner reporting for entities with outside ownership interests. This role works closely with the UK third-party management company, the BMR tax team, and onshore accounting teams to ensure accurate, timely financial reporting. The ideal candidate brings solid accounting fundamentals, attention to detail, and the ability to manage multiple entities and reporting frameworks in a fast-paced environment. This is an exciting opportunity to contribute to the financial performance of a growing portfolio with a leading organization in the office real estate sector.
Key Accountabilities:
Month-End Close & Financial Reporting
- Execute the month-end close for assigned UK and joint venture entities, ensuring all journal entries, accruals, and reconciliations are completed accurately and within established close deadlines
- Support month-end close for assigned UK portfolio entities by reviewing financials prepared by the UK third-party management company (including UK-specific accounting treatment) and inputting the financials into UK MRI monthly
- Transfer and translate UK entity trial balances into US MRI monthly (including foreign exchange conversion), and prepare related entries for:
- Generally Accepted Accounting Principles (GAAP) adjustments
- VAT reclassifications
- Other Comprehensive Income (OCI) reconciliations
- Generate standard, recurring, and non-recurring journal entries related to assigned entities, resolving questions arising from unusual variances or fluctuations
- Maintain the close calendar and checklist for assigned UK and joint venture entities, confirming all tasks are completed and supported within the close timeline
Joint Venture Accounting, Reconciliations and Reporting
- Assist with joint venture accounting for entities with outside ownership interests, including:
- Preparation of financial statements
- Waterfall and distribution calculations
- Partner reporting
- Reconcile joint venture partner capital accounts and prepare contribution and distribution entries
- Support preparation of JV partner reporting packages and respond to partner information requests
- Perform monthly Common Area Maintenance (CAM) reconciliations and recovery analysis for assigned joint venture properties, identifying under- or over-recovery positions and posting adjusting entries
- Coordinate the month-end expense accrual process for assigned joint venture properties, working with property managers to obtain and review accrual estimates for reasonableness, and posting the related entries within the monthly deadline
UK Statutory Reporting and Tax Support
- Prepare annual financial statements for the UK portfolio, including Balance Sheet, P&L, and Cash Flow
- Prepare the working files for UK corporate income tax filings, review the return prepared by the UK accounting firm, and work closely with the BMR tax team on various tax-related filing requirements
Reconciliations and Analysis
- Reconcile balance sheet accounts monthly, researching and resolving reconciling items in a timely manner and preparing variance analyses
- Review income statements for assigned entities to detect potential risks and issues
- Summarize the drivers of financial statement fluctuations by major category when multiple factors may be contributing, including:
- Rental Revenue
- Recoveries
- Net Operating Income
- Non-Recoverable Expense
- Bad Debt
Cross-Functional Partnership
- Work with the BMR corporate, tax, treasury, and lease administration teams to support information requests and cross-functional reporting needs
- Coordinate with the onshore accounting team and the UK third-party management company on close deliverables, escalating issues and open items in a timely manner
- Partner with property management teams on expense accruals and CAM reconciliations for assigned joint venture properties
- Support process improvement and documentation efforts, identifying opportunities to standardize recurring processes
- Willingness to take on additional projects, as needed
Required Experience:
- Education
- University/College Accounting degree consistent with local market expectations for role
- Accounting certifications consistent with local market expectations for role
- Experience
- 6 plus years of accounting experience required
- Experience with month-end closing activities and financial reporting processes required
- Experience managing full-cycle accounting and month-end close responsibilities
- Experience with foreign currency translation and multi-entity or cross-border reporting is preferred
- Experience with joint venture accounting, including partner capital accounts and distribution calculations, is preferred
- Real estate property accounting experience and familiarity with lease accounting and CAM reconciliations are preferred
- Experience in a GCC (Global Capability Center), shared services, or BPO environment supporting a US-based team is strongly preferred
- Technical Skills
- Financial Analysis: Ability to analyze, interpret, and communicate portfolio financial data
- US GAAP Proficiency: Working knowledge of US GAAP, including accrual accounting, consolidations, and foreign currency translation
- Knowledge of Department Policies, Processes, and Procedures
- Software Tools & Applications: Strong MS Excel skills required; familiarity with ERP and accounting systems or property management software such as MRI, Nexus Payables, and Oracle is preferred
Critical Competencies for Success:
- Attention to Detail: Maintains a high level of accuracy in monthly close, reconciliations, and reporting. Ensures financial information is complete, well-supported, and reliable
- Analytical Thinking: Analyzes account balances and variances to identify issues, trends, and opportunities for improvement
- Communication and Collaboration: Communicates clearly and professionally across all departments and builds strong working relationships and partners effectively across teams to support timely close and reporting accuracy
- Organization and Time Management: Effectively manages competing priorities, multiple entities, and deadlines while maintaining strong follow-through and responsiveness
- Accountability: Takes ownership of assigned work and accounting processes, ensuring deliverables are completed accurately and on time
- Adaptability: Thrives in a dynamic, fast-paced environment and adjusts effectively to changing priorities, volumes, and business needs. Able to work effectively across time zones.
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EEO Statement
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 TalentAcquisitionIndia@revantage.com
