VP, Property Accounting

Overview

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.

Revantage partners with portfolio companies to provide services across finance, technology, human resources and operations, proactively anticipating stakeholder needs and enabling business partners to thrive. Our culture emphasizes collaboration, inclusivity, and continuous improvement.

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.

We are establishing a new property accounting team to manage the accounting for a portfolio of approximately 175 retail assets. The Property Accounting Lead (VP – Property Accounting) will be responsible for building all aspects of the function from the ground up, overseeing both onshore and offshore teams. This is a unique opportunity to design and implement a best-in-class property accounting function that is process-driven, standardized, automated, and scalable.

The role is highly strategic, involving organizational design, process optimization, and leadership development, while also requiring a hands-on approach to deeply understand and refine accounting operations. The ideal candidate is a strategic leader with proven experience leading property accounting teams.

Build and design the Property Accounting Organization

• Lead implementation of a new ERP system (Yardi)
• Hire & oversee onboarding and training of offshore and onshore teams
• Design and establish best in class processes for timely, accurate, and high-quality accounting records and reporting
• Standardize accounting processes across asset classes
• Design and establish scalable processes to accommodate future growth
• Ensure accounting processes comply with internal controls

Leadership & Team Management

• Manage a team of 50+ accountants and professionals performing general ledger accounting, lease administration, accounts receivable, accounts payable, fixed asset maintenance, job-costing, month-end close activities and reporting
• Build and sustain a collaborative, high-performance team culture aligned with our core values:
  Learners, Leaders, Enthusiasts, Achievers, and Partners
• Foster professional development and mentor talent
• Manage the recruitment and training of accounting personnel
• Conduct resource planning, including allocating tasks across multiple team members to ensure efficient utilization of resources
• Establish metrics and review procedures to ensure the offshore team operates effectively and is held accountable for performance

Property Accounting Operations

• Responsible for full GAAP accounting of a portfolio of approximately 175 assets
• Provide leadership and guidance to teams managing general ledger accounting, lease administration, accounts receivable, accounts payable, and fixed assets
• Oversee accounts receivable process including billing and cash application
• Oversee the CAM (common area maintenance) process to ensure the Company recovers the maximum allowable expenditures. Manage the prepayment and settlement process to ensure timely, accurate, and seamless execution
• Ensure timely, efficient, and high-quality completion of all financial close processes with a proactive, hands-on approach
• Oversee the preparation and execution of financial reports for management and lenders, ensuring reporting is timely, accurate, and in compliance

Internal Controls & Compliance

• Design, maintain, strengthen, and evolve internal controls to ensure adherence to company policies and regulatory requirements
• Coordinate and actively participate in external audits, serving as a key liaison with auditors to ensure smooth and successful audit outcomes

Continuous Improvement Mindset

• Champi…