Associate, Sr. Accountant

Description

• For property acquisitions, test key inputs used in the purchase price allocation estimates
• Draft internal closing statement to be distributed to the buyer, seller, and title company (reconcile to title company statement); coordinate internal team and buyer review/approval prior to closing
• Assist with audit inquiries from public accounting firms related to transaction testing
• Comprehend newly executed joint venture agreements and loan documents and understand/investigate any accounting and/or financial reporting consequences on an asset and fund-level
• Provide recommendations to improve processes and procedures and initiate corrective actions
• Support initiatives to ensure smooth business partner experience across the team
• Respond to business partner inquiries and commit to deliverables by leveraging resources across the team
• Prepare special ad hoc projects and analysis on a frequent basis
• Accountable to Blackstone and portfolio companies for timely and accurate reporting
• For property acquisitions, assist with third party purchase price allocation reports and prepare corresponding entries
• Partner with other team members to identify and drive external relationships with the team’s key contacts and stakeholders, including third-party accounting departments and third-party operators’ accounting teams
• For property acquisitions, prepare accounting system templates to create, set up, and onboard new assets and legal entities
• Calculate prorations on transactions for inclusion in the closing statement based on the purchase and sale agreement
• Prepare disposition journal entries and gain/loss calculation and ensure properly recorded by the property managers

Requirements

• Excellent communication, problem solving and interpersonal skills
• Accounting system consolidation experience/knowledge
• Commercial real estate fund reporting experience (open-ended fund, closed-end fund, separate account, and/or REIT-related)
• Ability to multi-task and manage shifting priorities in a fast-paced environment
• Big 4 public accounting experience
• Strong attention to detail and ability to work both independently and in a team environment
• Comprehend newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations
• Advanced knowledge of MS Office Suite, including Excel, Word, and PowerPoint
• Knowledge of GAAP
• Demonstrate ability to gather deal information from a variety of sources and to create and maintain multiple deal and reporting trackers to share with all relevant internal parties for planning purposes
• Minimum 1 - 3 years of real estate investment accounting experience
• Bachelor’s Degree with a major in Accounting, Finance or closely related field
• CPA certification
• Experience in preparing and/or reviewing third party appraisals reports and/or internal valuations

Benefits

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

Training + Development

Interview process

Visa Sponsorship

Security clearance