AVP, Portfolio Accounting & Financial Reporting

REVANTAGE GLOBAL SERVICES ASIA PTE. LTD.; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading corporate services provider in Singapore is seeking a candidate with over 7 years of experience for a financial reporting role. The successful applicant will oversee financial records and manage a team to ensure compliance with tax requirements. Strong skills in project management, communication, and stakeholder management are essential. The position offers competitive compensation and opportunities for career growth.

Qualifications

• 7+ years’ experience in a relevant industry.
• Working knowledge of Private Equity/Real Estate.
• Strong managerial and project management skills.

Responsibilities

• Oversee end-to-end accounting and reporting for managed portfolios.
• Co-ordinate, review and prepare statutory financial reporting.
• Support the Financial Controller with management and leadership.

Skills

Accounting principles

Project management

Analytical skills

Relationship management

Communication skills

Education

Bachelor’s degree in accounting/finance

CPA/CA qualified or equivalent

Tools

Workday

Excel

Job description

Who We Are

Revantage is a global corporate services leader, delivering exceptional experiences to Blackstone portfolio companies and investments that enable them to thrive. As a global firm, Revantage provides a suite of service offerings with our best-in-class talent, processes, and technologies to support thousands of assets and billions in TEV across asset classes, including industrial, residential, hospitality, office, retail, and others.

Revantage Asia Pacific (with offices in Singapore and Sydney) is among three Revantage regions that also include Revantage North America and Revantage Europe.

What We Value: Our Culture

Creating a culture that inspires change and momentum requires the right team. We know what it takes to lead an industry, and are looking for leaders who seek constant growth, want to excel, and continuously improve upon themselves and the industry. The culture at Revantage is built on our shared core values and commitment to be:

• Achievers – We expect high standards for ourselves and enable the success of our teams.

• Enthusiasts - We face challenges with optimism and believe anything is possible.

• Leaders - We commit to continuously improve our performance.

• Learners – We learn from our challenges, successes and the diversity of our people.

• Partners - We deliver value and positive impact to our partners.

Why This Role Is Valuable

Ensuring the delivery of high-quality financial information and monitoring of day to day matters of the Special Purpose Vehicles owned by the Blackstone Real Estate Funds investing across Asia.

Reports to

Head of Portfolio Accounting & Financial Reporting

How You Add Value

Deal Management and financial reporting:

• Oversee end-to-end accounting and reporting for the portfolios managed, ensuring accurate and timely financial records

• Leading onshore accountants and CoE teams to deliver the following.

• Soundly maintained books and records with monthly financials reflecting movements including but not limited to debt, intercompany transfers, capital injections, distributions, accruals, and adjustments for accounting standards and tax, while determining appropriate accounting and tax treatment
• Quarterly NAV, SCA reporting, monthly MMR and other Blackstone reportings
• Ensuring the entities have sufficient liquidity through cash forecasts and managing intercompany cash transfers
• Ensuring timely approval and payment of invoices
• Collaboration with the tax team on annual income tax returns, delivering the BAS filing together with external tax consultants
• Analysis of movements in income, expense and expenditure, capex and incentives forecasts, and NOI/key financial indicator variances for each asset
• Capitalize funding through the deal structure as per structure & tax requirements and monitor it throughout deal life cycle

• Co-ordination, review and preparation of statutory financial reporting, management accounts, and management of annual external audit process

• Review solvency test and ensure compliance to legal requirements as part of distribution

• Review and finalize documentation for all funds movements working closely with cosec and legal teams

• Review ad-hoc capital movement through the deal structure

Deal Onboarding:

• Review acquisition funds flow through the deal structure and oversee execution

• Co-ordinate with various stakeholders, including legal advisors and sellers for onboarding/handover of finance/tax/treasury related documents

• Support BX Acquisition/Finance team with financial information as required

• Review deal book and ensure deal structures are updated

Deal Disposition & Liquidation:

• Disposition management: fund flow management, onshore coordination and tax reviews

• Oversee working capital requirements and entity wind-down processes

• Work closely with cosec and legal teams to liquidate the entities in projects

Tax Compliance

• Provide support to tax team in ensuring all tax reporting requirement deliverables and supports are provided on time

• Assist tax team in responding to queries from tax agents on financial related matters

Team Management

• Supporting the Financial Controller and CFO with the overall management and leadership of the Portfolio Accounting & Financial Reporting - ANZ team, including monthly closing procedures oversight, quality control of the deliverables of direct reports and outsourced service providers, mentoring junior members of the team / Center of Excellence (CoE), and fostering team’s continuous growth

• Assist onboarding of new team members

• Proactively manage expectations, set targets, and provide feedback to team members

Stakeholder relationship and management

• Collaborating across broader Revantage departments, and Blackstone portfolio companies for meeting internal and external client needs

• Liaise with external advisors, such as tax advisors, auditors, legal advisors, and lenders in relation to ongoing matter and deal structuring issues or refinancing of loan

• Manage relationship with JV Partners/Platforms/ Service providers for various deliverables

What You Bring To The Role

• 7+ years’ experience in a relevant industry

• Working knowledge of Private Equity/Real Estate, Fund Administration experience desirable

• Tax Structuring knowledge beneficial

• Relationship management experience, to influence diverse stakeholders across regions

• Ability to maintain a high energy, solutions driven, client orientated, dynamic and responsive culture

• High level of behavioral awareness in self and others

• Time management & organizational skills

• Strong managerial skills including downward and upward management

• Strong project management skills

• Strong analytical skills & attention to detail

• Good written and verbal communication skills

• Experienced / Knowledgeable in:

• Accounting principles
• Management accounting
• Statutory accounting
• Consolidation
• GST & Tax.

• Bachelor’s degree in accounting/finance

• CPA/CA qualified or equivalent

• Experience in ERP systems; Workday strongly preferred

• Ability to learn new systems and technology

• Finance transformation project experience

• Property, Trust/Fund accounting experience essential

• Intermediate Excel skills – ability to manage large excel spreadsheets and use intermediate level formulas