Josie Zhou

Revantage Asia Pacific is a professional corporate services company that embraces ambition and innovation to serve Blackstone’s Real Estate portfolio companies. 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, office, and retail in Australia and New Zealand.

Responsibilities:

• Preparing and analyzing the portfolio and consolidated sector property results (Balance Sheet and Profit & Loss) on a monthly and YTD basis, reviewing, and interpreting financial movements.
• Conducting comprehensive reviews of balance sheet reconciliations for all line items, resolving aged balances, and unreconciled items.
• Collaborating with asset managers to update and forecast CAPEX, OPEX, and tenant incentives, tracking actuals versus budget, and accruing monthly.
• Preparing quarterly NAV and SCA reporting, monthly MMR, and BX reports, as required.
• Updating and reviewing outgoing income recovery models for the annual budget, and quarterly reforecasting.
• Preparing mid-year and year-end special-purpose financial statements.
• Reviewing monthly property expenses, CAPEX, and incentive forecasts.
• Monitoring income and cash collections, working with asset managers, and sector heads to reduce aged arrears.
• Managing entity onboarding and offboarding, including final wash-ups.
• Assisting the Treasury team with quarterly cash flow forecasting.
• Supporting tax functions by preparing property inputs for quarterly IAS, BAS reports, and assisting with the preparation of annual income tax returns.
• Identifying efficiencies through the refinement of operating procedures and business improvements, leveraging systems such as Workday, Anaplan, and Power BI.
• Calculating management, leasing, and CAPEX fees accurately, contributing to effective financial control and revenue optimization.

Key Achievements:

• Planned and led the migration of tasks to an offshore Center of Excellence (COE), optimizing team productivity by allowing the onshore team to focus on strategic, value-added initiatives.
• Revamped the monthly arrears and collection report, implementing data-driven dashboards that enhanced insights and enabled leadership to make informed decisions, improving collection performance.
• Participated in the transition of property management services from Colliers to CBRE, ensuring a seamless changeover with minimal disruptions, and contributing to long-term operational efficiency.
• Reconciled financial data between Workday, Anaplan, and Power BI, identifying and addressing critical discrepancies to ensure smooth data integration and reporting accuracy.
• Trained and mentored new team members across onshore and offshore teams, accelerating onboarding, and strengthening team collaboration.
• Participant of '500 Women in Property' in the year 2

PRP is a leading firm of property consulting and management that operates throughout Australia and New Zealand, with links globally. The property management portfolio has approx. 120 properties (more than 250 tenants, annual rental charges over $15 million), which are commercial and retail properties for Randwick City Council, Cumberland City Council, and Hawkesbury City Council; A-grade 'One Wharf Lane' office building in Sydney CBD; office building for Centrelink office in Ryde; and retail stores at Sheraton Hotel.

Responsibilities:

• Producing month-end financial reports, including an executive summary for property performance overview, balance sheet reconciliation, and profit and loss analysis (producing reports for eight portfolios monthly).
• Preparing monthly journals for accrual and prepayment.
• Creating journals for straight-lining (rental income) and amortization (expense with a significant amount).
• Reviewing and analyzing variances between actual and budget to monitor performance of the property funds.
• Preparing year-end outgoings reconciliation to keep track of the performance of the property and raising charges adjustments to tenants.
• Assisting with the preparation of annual budgets.
• Providing credit control support to the business to improve operational cash flow, providing a weekly snapshot to directors.

Key Achievements:

• Developed new spreadsheets to help produce the monthly management report more quickly, reducing the production time from two days to one.
• Generated report to summarize the rental waiver being offered to tenants, and analyze the impact of rental relief on the budgeted rental income, to provide a clear overview to the landlord.

IB is a startup real estate agency specializing in commercial and residential properties, offering office, retail, showrooms, and residential properties for sale and lease. IB has a rent roll of 400 residential tenants and 200 commercial tenants.

Responsibilities:

• Producing a monthly Profit and Loss Report and Owner Statement for landlords.
• Reconciling company general account transactions and company credit card transactions.
• Generating a weekly revenue report to compare and analyze periodic agency income.
• Calculating the agent's sales/leasing commission monthly.
• Invoicing vendors and landlords to recharge for the marketing fee.
• Processing Payroll for 15 staff.

Achievements:

• Successfully cleared a backlog of reconciliations during a parallel run process for rolling out a new property management system.

PIA is a professional services and investment management firm offering specialized real estate services. Since 2005, PIA has successfully sold more than 12,000 apartments, contributing 10.55% of the new housing supply in NSW (HIA FY18) annually. On behalf of its clients, the firm provides management services for a property portfolio of 6,500 residential listings.

Responsibilities:

• Reconciling daily bank transactions for the trust account (around 150 transactions).
• Composing a monthly settlement report for every newly settled project to summarize raw data and analyze the rental gain/loss position on properties during the initial leasing stage (an average of 2-3 new projects monthly).
• Managing accounts payable by processing the general company's invoices, as well as the sales consultants' commission invoices (roughly 200 per week in combination).
• Issuing sales invoices for property sales, referral commissions to vendors, and developers.

Key Achievements:

• Generated monthly report to review and analyze properties' performance in conjunction with property managers.
• Trained and supervised more than three new junior accounting hires.