Operating Property Accountant, UK

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 F