Fund Finance / Fund Accounting Associate

Employer:            DWS Group

Title:                     Real Estate Fund Finance /Fund Accounting Associate

Location:              New York

Job Code:             #LI-MB1 #LI-02

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Team / division overview

This position is within the Illiquid Asset Operations (IAO) division at RREEF Management, LLC, a Real Estate investment advisor, which is a wholly owned subsidiary of DWS.  IAO is responsible for the financial reporting and certain operational aspects for investment vehicles to be launched as part of the firm’s private debt funds business.

IAO will also be responsible for overseeing the out-sourced fund administration function, ensuring timely and accurate completion of vehicle financial statements, liaising with third service providers and interfacing with current and potential investors on information requests.  This role also has cross-functional visibility and the opportunity to work alongside internal groups, such as Portfolio & Asset management, Client Service & Marketing, external service providers, and clients.

Role Details  

As a Fund Finance Associate, you will:

• Maintain strong cross-functional relationships, consistent communication and cooperation with the IAO team and other groups at DWS and RREEF to support department and company initiatives.

• Support the product launch process from an accounting and operational set-up perspective including assisting with sourcing tax and audit vendors, ensuring appropriate set-up within the relevant accounting and reporting systems, and aid various teams involved in the product development process including Portfolio Management, Compliance, Governance, and Client Servicing & Marketing. 

• Primary contact and first reviewer of select investment vehicles, which includes reviewing monthly accounting close packages and review of quarterly consultant reports or other ad hoc reports as required.

• Review loan investment reconciliations and investor allocations (including related management and performance/incentive fee/allocation calculations).

• Review and tie out of quarterly/annual financial statements, including trial balance, cash flow and footnotes.

• Interact with external contacts including the Fund Administrator, auditors, tax advisors, and other third-party service providers.

• Prioritize and track various calendar deliverables and deadlines, and assist with investor related deliverables.

• Complete ad hoc projects and tasks to improve efficiency and processes.

• Assist in tracking/management of annual tax returns/1099s/K-1’s, regulatory reporting requirements and loan compliance requirements.

• Collaborate on deliverables and projects with other DWS and RREEF teams including Portfolio Management, CFO group, Asset Management, Transactions, Client Advisory Group, and Capital Markets.

• Stay educated on accounting industry updates including new GAAP accounting literature and NCREIF PREA Reporting Standards. 

We are looking for:

• Minimum of 2 years’ experience of accounting with a mix of private and public accounting experience across the funds industry.

• Proven recent experience across Alternatives fund finance, with a focus on Real Estate and Private Credit strategies preferred. 

• CPA designation preferred.

• A relevant college degree in accounting or related business field.

• Strong verbal and written communication and interpersonal skills.

• Excellent organizational skills, attention to detail and ability to handle multiple tasks simultaneously.

• Ability to take direction and work efficiently in a dynamic team environment.

• Motivated, self-started with the ability to problem solve.

• Proficiency in the use of Windows, Excel, Word, PowerPoint and Outlook.  Experience with complex excel calculations and macros a plus.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

The salary range for this position in New York is $75,000 to $128,000.  Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications.  Posted salary ranges do not include incentive compensation or any other type of remuneration.

At DWS, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you. 

Privacy Statement

The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS’ Privacy Notice.

We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.