AVP, Portfolio Accounting & Financial Reporting

Objectives of Role: Revantage Asia Pacific is seeking an Associate Vice President in the Portfolio Accounting & Financial Reporting team based in the Singapore Office. The candidate will be responsible for 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. Responsibilities: SPV Deal Management: • Manage portfolio deals in accounting & reporting functions • Capitalize funding through the deal structure as per structure & tax requirements and monitor it throughout deal life cycle • Ensure timely approval and payment of invoices • Review monthly management accounts for projects under your allocation • Review quarterly valuation deliverables to Blackstone i.e. NAV analysis, Debt valuation and Cash analysis • Monitor liquidity and cash management on an ongoing basis • Manage working capital and closing costs as part of quarterly reporting • Liaison with corporate secretary and legal advisors in finalizing corporate secretarial documents and legal documentation for all capital transactions • Review of funds transfer documents and ensuring all considerations are met (e.g., bank details, bank balances, negative interests, bank charges, cut-off timings) • Oversee funds transfer with Treasury to ensure smooth execution, including settlement of FX trades Analyze cash flow requirement in each project and finalize distribution amount on a quarterly basis • Review solvency tests and ensure compliance with 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 • Review and guide team on key financial transactions (including JE booking) • Summarize & analyze quarterly NAV fluctuation for stakeholders • Manage statutory audits and review financial statements of entities under your allocation, including liaison with auditors on audit issues/complex disclosures. • Review allocation of fair market valuation for each entity / deal on quarterly basis • Review deal book and ensure deal structures are updated ANZ Deal specific Trusts and Properties Management: • Reviewing, preparing and analyzing portfolio and consolidated sector property results (balance sheet and profit & loss) on a monthly and YTD basis • Forecast capex and tenant incentives, tracking of actuals vs budget, and accruals are all up to date based on inputs from development/asset managers • Tracking income collection and cash collections – working with asset managers/sector heads to provide information to assist them in reducing aged arrears • Calculation of management fees, leasing fees and capex fees • Updates to the outgoings income recovery model for annual budget and quarterly re-forecast • Review monthly property expense, capex and incentives forecasts • Ensuring the entities have sufficient liquidity through cash forecasts and managing intercompany cash transfers • Ensuring property & trust expenses and procurements are swiftly processed Deal Disposition & Liquidation: • Disposition management, including fund flow management, onshore coordination and tax reviews • Manage working capital till liquidation of entities • 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 requirements’ deliverables and support are provided on time • Assist Tax team in responding to queries from tax agents on financial related matters Stakeholder Relationship and Management • Ensure stakeholders’ needs and expectations are well managed (i.e Blackstone business finance), and stakeholders are aware of timing and progress of deliverables • Ensure quality of deliverables and service are aligned to excellence required by Blackstone • Liaise with external advisors, such as tax advisors, auditors, legal advisors, and lenders in relation to ongoing matters and deal structuring issues or refinancing of loan • Manage relationship with JV Partners/Platforms/ Service providers for various deliverables Other Responsibilities • Assist with continuous improvement initiatives for all financial reporting processes • Liaison with back-end (COE) teams and provide coaching and training to COE teams • Liaison with 3rd party onshore service providers / JV partners • Ad hoc project work Requirements: • 7 years’ + experience in a relevant industry • Chartered Accountant or equivalent • Bachelors (or equivalent) in Finance/Accounting • Working knowledge of Private Equity/Real Estate, Fund Administration experience desirable • Tax structuring knowledge beneficial • Relationship management experience to influence diverse stakeholders across regions • Strong analytical skills & attention to detail • Good written and verbal communication skills • Property accounting experience a large plus • Experience in ERP systems; Workday strongly preferred