Associate, Construction Accounting at Revantage… · Bengaluru

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.

Position Summary:
The Construction Accountant is responsible for supporting the financial management, reporting, and controls associated with construction, development, and capital projects across a real estate portfolio. This role ensures the accurate tracking of project costs, commitments, contracts, invoices, draws, and capitalization activity while partnering closely with development, project management, and finance teams. The ideal candidate brings solid accounting fundamentals, attention to detail, and the ability to manage multiple projects in a fast-paced environment. This is an exciting opportunity to contribute to transformative projects with a leading organization in the office real estate sector.

Key Accountabilities:

Month-End Close and Financial Reporting

• Responsible for the monthly, quarterly and year-end general ledger close for assigned portfolio of properties related to construction accounts and activities.
• Prepare journal entries, accruals, and account reconciliations related to construction activity, including fixed asset roll-forward schedules for reimbursable depreciation on capital projects, and a reconciliation of the fixed asset subledger to the trial balance.
• Assist in preparing internal financial reports and analysis for financial and development leadership.

Project and Job Cost Accounting

• Maintain accurate accounting records for construction, development, and capital projects, including track project budgets, commitments, actual costs, change orders, and contract balances in the job cost system.
• Ensure project costs are properly coded, recorded, and allocated to the correct jobs, entities, cost categories and phases.
• Monitor construction-in-progress accounts, support capitalization and fixed asset setup upon project completion and placed into service.

Invoice Processing, Support, Reconciliations and Reporting

• Ensure accuracy by reviewing supporting documentation for invoices, payment applications, waivers and other support presented for timely third-party payment.
• Support lender and equity draw processes by preparing schedules, compiling backup documentation, and reconciling project costs.
• Prepare monthly project cost reports, budget-to-actual analyses, and financial support schedules.
• Monitor and reconcile construction accounts, commitments, accrued expenses, and other project-related balances, and investigate and resolve discrepancies in project financial data.

Cross-Functional Partnership

• Partner with development and operations project leads, accounts payable, project admins and finance teams to ensure accurate and timely reporting.
• Communicate project accounting issues, risks, and status updates clearly to stakeholders.
• Support process improvements that enhance reporting, efficiency, and financial accuracy.
• Maintain organized documentation to support internal controls, audits, and year-end reporting requirements for financial reporting.

Required Experience:

Education

• University/College Accounting degree consistent with local market expectations for role.
• Accounting certifications consistent with local market expectations for role.

Experience

• 4 plus years of accounting experience required.
• Experience with month-end closing activities and financial reporting processes required.
• Familiarity with construction draws, pay applications, retainage, and change order tracking is preferred.
• Experience in construction accounting, project accounting, real estate accounting, or development accounting is preferred.
• Experience with job costing, capital projects, budget tracking, invoice processing, and reconciliations is preferred.
• Experience in a GCC (Global Capability Center), shared services, or BPO environment supporting a US-based team is strongly preferred.

Technical Skills

• Financial Analysis: Ability to analyze, interpret and communicate project financial data.
• US GAAP Proficiency: Understanding of basic accounting principles and ability to apply them to day-to-day responsibilities.
• Knowledge of Department Policies, Processes and Procedures
• Software Tools & Applications: MS Office Excel Proficiency, including strong excel skills, and familiar ERP/accounting systems, such as MRI and Oracle is preferred.

Critical Competencies for Success:

• Attention to Detail: Maintains a high level of accuracy in job cost tracking, invoice review, reconciliations, and reporting. Ensures financial information is complete, well-supported, and reliable.
• Analytical Thinking: Analyzes project budgets, variances, and cost activity to identify issues, trends, and opportunities for improvement.
• Communication and Collaboration: Communicates clearly and professionally across all departments and builds strong working relationships and partners effectively across teams to support project execution and reporting accuracy.
• Organization and Time management: Effectively manages multiple projects, deadlines, and competing priorities while maintaining strong follow-through and responsiveness.
• Accountability: Takes ownership of assigned projects and accounting processes, ensuring deliverables are completed accurately and on time.
• Adaptability: Thrives in a dynamic, fast-paced environment and adjusts effectively to changing project timelines, priorities, and business needs. Able to work effectively across time zones.

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EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email TalentAcquisitionIndia@revantage.com