Associate, Payroll Accounting

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.

Job Description Summary

The Payroll Accountant supports all duties associated with the accurate recording of payroll, payroll tax compliance, and related financial close activities for the US and UK locations. This role works closely with Human Resources, Corporate Accounting, and the external third-party payroll vendor to ensure payroll is processed, recorded, and reconciled accurately and on schedule. The ideal candidate brings solid accounting fundamentals, attention to detail, discretion in handling confidential information, and the ability to manage multiple pay cycles in a fast-paced environment. This is an exciting opportunity to contribute to the financial performance of a growing portfolio with a leading organization in the office real estate sector.

Key Accountabilities

Payroll Processing & Support

Verify and confirm employee entries and changes in the HRIS system (UKG, Ultimate Kronos Group) for payroll processing

Verify that all timesheets in Ultimate Time Management (UTM) are complete, submitted, and approved for payroll processing, working with employees and managers to resolve timesheet issues

Prepare reports prior to funding, confirming gross-to-net accuracy, and validating changes against approved documentation

Process and validate off-cycle payments, final settlements, and retroactive adjustments as needed

Maintain payroll documentation and audit trails for all pay cycles, ensuring supporting approvals are retained in an audit-ready format.

Payroll Tax & Compliance

Reconcile each payroll, along with quarterly and annual tax liabilities, ensuring all local and state statutory payroll reporting requirements are met, and researching and resolving issues

Register entities in all appropriate payroll-related tax jurisdictions and ensure all jurisdictions are correctly set up with the third-party payroll vendor

Engage with the external payroll vendor and tax authorities to research and resolve payroll tax notices, tax filings, and funding of payroll taxes

Assist with annual 401(k) and Workers’ Compensation audits with external auditors, as needed

Maintain a calendar of payroll tax filing and funding deadlines across jurisdictions, escalating upcoming or at-risk deadlines to the onshore team

Support UK payroll compliance activities, including coordination with the UK payroll provider on statutory filings, PAYE and National Insurance reporting, and year-end returns.

Month-End Close, Reconciliations & Reporting

Perform all general ledger functions related to US and UK payroll, including balancing and recording payroll journal entries and accruals, reconciling balance sheet accounts, and researching reconciling items

Prepare payroll accruals for wages, bonuses, and paid time off, and reconcile related liability accounts monthly

Prepare payroll cost allocations across entities, departments, and cost centers, confirming charges are recorded to the correct entity

Reconcile payroll bank and funding accounts, researching and clearing outstanding items

Prepare payroll variance analysis against budget and prior period, and provide commentary on significant fluctuations for onshore review.

Cross-Functional Partnership & Process Improvement

Evaluate and recommend process changes to increase efficiency

Partner with Human Resources on employee data changes, new hires, terminations, and leave activity affecting payroll

Coordinate with the onshore payroll and corporate accounting teams on close deliverables, escalating issues and open items in a timely manner

Respond to employee payroll inquiries and escalations professionally and confidentially, within established service levels

Support documentation of payroll procedures and controls, identifying opportunities to standardize recurring processes

Perform special projects and other duties as assigned.

Required Experience

Education

University/College Accounting degree consistent with local market expectations for role

Accounting certifications consistent with local market expectations for role.

Experience

4 plus years of accounting experience in payroll and general accounting required

Experience with multi-state US payroll and employment tax, including federal, state, and local tax regulations required

Knowledge of payroll-related requirements and regulations

Knowledge of payroll and payroll tax regulations outside the US, particularly UK payroll, is a plus

Experience in a GCC (Global Capability Center), shared services, or BPO environment supporting a US-based team is strongly preferred.

Technical Skills

Payroll Systems

Knowledge of automated payroll and timekeeping systems; experience with UKG is preferred

US GAAP Proficiency

Working knowledge of US GAAP, including accrual accounting and payroll-related liabilities

Knowledge of Department Policies, Processes, and Procedures

Software Tools & Applications

Strong MS Excel skills required; familiarity with ERP and accounting systems such as MRI is preferred

Clear written and verbal communication skills in English, with the ability to interact at all levels of the organ