Analyst II, Functional Construction Accounting

Revantage, A Blackstone Portfolio Company; Bengaluru; On-site; INR 350,000 - 520,000; Full time

Job summary

Revantage, a Blackstone portfolio company, invites applications for an entry-level Functional Construction Accountant to support the company’s routine job cost transactions. You will ensure accurate posting of project costs, commitments, contracts, invoices, draws, and capitalization activities across multiple projects.

The ideal candidate has an accounting degree and relevant certifications, 2–3 years of accounting experience, and familiarity with job costing, capital projects, and

Qualifications

• Accounting degree consistent with local market expectations for role.
• Accounting certifications consistent with local market expectations for role.
• 2-3 years of accounting experience preferred.
• Experience with job costing, capital projects, budget tracking, invoice processing, and reconciliations is preferred.
• Experience in a GCC, shared services, or BPO environment supporting a US-based team is strongly preferred.

Responsibilities

• Ensure accurate accounting records for construction, development, and capital projects in the job cost system.
• Code and allocate project costs to the correct jobs, entities, cost categories and phases.
• Post payment draws in the job cost system and review supporting documentation for invoices and waivers.
• Monitor construction-in-progress accounts and assist with asset capitalization and fixed asset setup.
• Close monthly, quarterly and year-end general ledger for level 1 construction properties.
• Post journal entries such as leasing commissions and depreciation accruals.
• Distribute commitment reports and Job Cost queries weekly and monthly.

Skills

Financial Analysis

Attention to Detail

Organization & Time Management

Education

Accounting degree

Accounting certifications

Tools

MS Office Excel

Job costing systems

Job description

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.

Summary

The Functional Construction Accountant primarily provides accounting data entry support services relating to the company’s routine job cost transactions. This role ensures the accurate posting of project costs, commitments, contracts, invoices, draws, and capitalization activity. The ideal candidate brings basic accounting fundamentals, attention to detail, and the ability to manage multiple projects in a fast-paced environment. This is an exciting entry level opportunity to contribute to transformative projects with a leading organization in the office real estate sector.

Primary Responsibilities

• Responsible for ensuring accurate accounting records for construction, development, and capital projects, including the data entry of 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.
• Posting payment draws in the job cost system and reviewing the accuracy of supporting documentation for invoices, payment applications, waivers and other support presented for timely third-party payment.
• Monitor construction-in-progress accounts, support capitalization and fixed asset setup upon project completion and placed into service.
• Responsible for the monthly, quarterly and year-end general ledger close of entry level construction accounting properties (level 1 books), booking depreciation and updating reimbursable fixed assets schedules.
• Posting journal entries, such as leasing commissions, capital project expenses, asset completion and in-service accruals.
• Weekly and monthly report distribution of commitment reports, Job Cost query, roll forward reimbursable depreciation schedules, and others as needed.

Required Experience

Education

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

Experience

• 2-3 years of accounting experience preferred.
• Familiarity with construction draws, pay applications, retainage, and change order tracking 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
• Knowledge of Department Policies, Processes and Procedures
• Software Tools & Applications : MS Office Excel Proficiency, including excel skills, and familiar job costing accounting systems is preferred.

Critical Competencies for Success

• Attention to Detail: Maintains a high level of accuracy in job cost posting, invoice review, and reporting. Ensures financial information is complete, well-supported, and reliable.
• 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.

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 [e-mail]