Finance, Senior Associate Portfolio Accounting

Who we "R" 

Revantage Europe is a professional corporate services company that embraces ambition and innovation to service Blackstone's European real estate investments. 

Blackstone is the world's largest alternative asset manager, with a real estate portfolio that includes industrial & logistics, residential, office, hospitality and retail properties in North America, Europe, Asia, Australia and New Zealand. 

What We Value - Our Culture 

Creating a culture that inspires change and momentum requires 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: 

• Achievers: We expect high standards for ourselves and enable the success of our teams. 
• Enthusiasts: We face challenges with optimism and believe anything is possible. 
• Leaders: We commit to continuously improve our performance. 
• Learners: We learn from our challenges, successes and the diversity of our people. 
• Partners: We deliver value and positive impact to our partners. 

Why This Role Is Valuable 

Your role is (including but not limited to) providing general accounting and operations support to the Portfolio Accounting team within the Finance Department. 

In this role you will be reviewing accounting and reporting for a number of pan European and Worldwide Real Estate portfolios of Blackstone managed investment funds. 

Financial Accounting

• Review of property reporting packages prepared by local service providers and ensure their completeness and accuracy;
• Preparation and review of general journal entries;
• Review of local and group GAAP adjustments while ensuring proper application of internal accounting policies;
• Analyze / Review monthly and quarterly financial metrics and data (net operating income, capital expenditures, intercompany reconciliations, debt covenants, etc.);
• Review intercompany reconciliations and ensure regular intercompany settlements where applicable;
• Support periodic group budgeting process.

Reporting

• Facilitate monthly, quarterly and annual group reporting;
• Review annual statutory accounts;
• Assist with group consolidation process;
• Liaise with external group and local auditors;
• Prepare ad hoc reports / reconciliations.

Cash management

• Approve invoice payments where applicable;
• Prepare periodic cash distribution analysis and ensure timely cash repatriation to investors (cash flow analysis, tax mechanics, local regulatory requirements, etc.);
• Review external debt financial covenants.

Portfolio Management

• Support asset management team with ad hoc financial information / analysis as required;
• Assist with on-boarding, acquisition and disposition processes;
• Foster third-party relationships and monitor cash management requirements.

Tax Structuring

• Liaise with external advisors to ensure compliance of tax structuring for investments and obtain updated opinions where relevant;
• Ensure that all tax filings are kept up to date for the SPVs;
• Review periodical VAT returns.

Compliance & Risk

• Ensure legal and statutory compliance through liaison with external legal advisors.

Other Responsibilities

• Assist with continuous improvement initiatives for all financial reporting processes;
• Support and coach junior members;
• Liaison with 3rd party administrators and finance teams across Europe.

What You Bring To The Role 

• Bachelor's degree in Accounting or Finance;
• At least +5 years' accounting/finance experience with a major accounting framework (IFRS, LUX/US GAAP);
• Fluent in English and Italian, any other major European languages are an advantage;
• Prior experience and solid understanding of main real estate and investment management metrics;
• Strong understanding of P&L, balance sheet and cash flow dynamics, and fluency in general accounting principles and rules;
• Ability to thrive in a growth environment, adapt to changing circumstances and work autonomously;
• Excellent organizational and project management skills;
• Able to priorities on a daily basis and managing several competing deadlines;
• Able to take initiatives and to propose solutions and ways to improve processes;
• An analytical, creative thinker who can focus on the details without losing sight of the big picture;
• Managerial experience;
• Accounting certifications preferred (e.g., CPA).

DIVERSITY MAKES US SMARTER

With an exceptionally high number of nationalities and spoken languages we're committed to building a diverse and inclusive environment for everyone — diversity and inclusion is the DNA of Revantage Europe. With an average of 3 languages fluently spoken per employee, this unique blend is a real competitive advantage that helps us support Blackstone Real Estate across the European jurisdictions. Thanks to our diversity, we are flexible and able to adapt our response to the challenges we face.