Why This Role Is Valuable

The Senior Associate, Accounting, is responsible for the implementation of monthly accounting processes for BREIT, ensuring compliance with GAAP and industry standards. The Senior Associate will also partner with Blackstone in preparing monthly consolidated financials and analysis. This position is based out of the Revantage office in Chicago, IL.

How You Add Value

• Play a key role in maintaining the monthly operational procedures for BREIT fund ensuring efficiency and scalability with the month-end close process.
• Lead month-end close procedures, including journal entries, reconciliations, and variance analysis.
• Prepare and review monthly reports with a focus on the following areas:
  
  • Equity
  • Cash
  • Derivatives
  • Assets and Liabilities
  • P&L variance analysis
  • 1031 exchange accounting
  • Performance incentive accounting
  • Debt and interest expense
  • Offering costs
• Work closely with Blackstone to ensure accurate financial tracking and reporting.
• Establish and refine accounting procedures, ensuring compliance with GAAP and industry standards.
• Identify opportunities to streamline data collection, reporting, and reconciliation through automation and process improvements.
• Establish internal controls to safeguard financial accuracy and compliance with regulatory and investor requirements.
• Assist in the preparation of quarterly and annual financial statements, including footnote disclosures, and supporting schedules
• Take ownership of deliverables, proactively identifying areas of improvement in reporting and operational processes.

What You Bring To The Role

Required:

• Bachelor's degree in accounting
• Minimum 4 years' experience in accounting, financial analysis, and reporting
• Advanced knowledge of US GAAP
• Excellent communication, problem solving and interpersonal skills necessary
• Self-starter with strong team leadership and problem-solving skills, the aptitude to think independently, and the motivation to work with multiple teams in a rapidly changing environment
• Ability to multi-task and manage shifting priorities and deadlines, with attention to detail and an ability to work both independently and in a team environment

Preferred:

• CPA certification
• Real estate knowledge
• Workday or Essbase experience

Base Compensation Range:
$90,000.00 To $120,000.00 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

Please review the Job Applicant Privacy Notice.