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Staff Accountant Investments

Revantage

Affordable Housing

Los Angeles, CA

Salary Estimate: $75,000.00 - $99,999.00

Employment Type: Full Time

Work Place: Hybrid

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

We are seeking a highly motivated and detail-oriented Staff or Senior Accountant to join our Corporate Accounting team. This role plays a critical part in ensuring the accuracy and timeliness of our financial reporting processes. The ideal candidate will have a strong foundation in GAAP, experience with complex accounting transactions, and a collaborative mindset.

This position supports the accounting for over 400 limited partnerships invested in Section 42 Low-Income Housing properties and is responsible for executing key internal controls to ensure compliance with GAAP and corporate standards for BREIT and BREP.

Key Responsibilities:

Execute daily accounting operations, including journal entries, account reconciliations, and SOX-compliant internal controls.
Review and process monthly financial packages from third-party providers to ensure accuracy and completeness.
Prepare journal entries and supporting documentation for month-end close activities.
Reconcile general ledger accounts to sub-ledgers or supporting schedules.
Prepare opening balance sheets and purchase price allocations for acquisitions and Resyndications.
Track and reconcile construction-in-progress (CIP), fixed assets, seller notes, and GP developer fees.
Monitor and assess surplus cash positions.
Support consolidation processes and lender reporting requirements.
Produce monthly variance analysis reports in compliance with SOX controls.
Collaborate on the implementation and optimization of accounting processes and systems.
Coordinate with internal teams and external providers to ensure accurate and timely transaction recording.
Assist with audit requests and prepare supporting documentation for internal and external auditors.
Troubleshoot and resolve escalated accounting issues efficiently.
Maintain and update standard operating procedures for key accounting functions.
Provide analytical support and insights for special projects and ad hoc reporting needs.
Support senior leadership with financial analysis and reporting, including the CFO, CAO, and Controller.

Qualifications:

A bachelor’s degree in accounting and CPA is a plus
Minimum of 2 or 4 years of relevant accounting experience.
Strong understanding of GAAP, including consolidations and real estate accounting.
Public accounting experience is preferred.
Experience in the Low-Income Housing Tax Credit (LIHTC) industry is a plus.
Proficiency in Microsoft Excel; experience with Yardi or other real estate accounting software is preferred.
Strong analytical, organizational, and problem-solving skills.
Excellent written and verbal communication abilities.
Self-motivated, detail-oriented, and committed to continuous learning.
Ability to work effectively in a fast-paced, deadline-driven environment.
Team-oriented with a proactive and collaborative approach.