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.

What You Bring To The Role

Required

• Bachelor’s degree in Accounting or Finance
• Minimum 2 years experience in Project Management or Construction accounting
• Knowledge of Microsoft Word, Excel
• Required software: Yardi 8 or 7/7s
• Required skills: Familiar with job costing and project management

Preferred

• Hands-on Yardi Job Costing and Fixed Asset Manager experience in a multi-entity real estate environment.
• Familiarity with REIT reporting cadences (monthly close for REIT-style vehicles, quarterly close for non-traded structures).
• Exposure to purchase price allocation (PPA) on acquired real estate assets.
• Familiarity utilizing AI tools (e.g., Microsoft Copilot, Claude, ChatGPT, etc.) to drive efficiency in accounting workflows — reconciliations, variance analysis, documentation, and data review.

Base Compensation Range

$90,000.00 To $110,000.00 Annually. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.

Total Direct Compensation

This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.

Perks for You

• Competitive salary, overall compensation, and 401(k)
• Work-life balance offerings include:
• Hybrid Work Policy
• Productivity Hours – weekly meeting-free work time
• Summer Fridays
• Work From Anywhere Month
• In-house and external learning & development opportunities
• Generous health insurance and wellness benefits