Fund Finance Associate

1 week ago

Chicago, United States Deutsche Bank Full time
Job Description:

Employer: DWS Group

Title: Fund Finance Associate - Private Debt/Real Estate Debt

Location: New York, NY / Chicago, IL

Job Code: #LI-SL1 #LI-0 2

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.

Read more about DWS and who we are here.

Team / division overview

Our Fund Finance & Reporting group is looking to hire a Private Debt Fund Finance Associate to join their team. The position is within the firm's Illiquid Asset Operations (IAO) division at RREEF Management LLC, an alternatives investment advisor which is a wholly owned subsidiary of DWS. In this role, the Fund Finance Associate will be responsible for supporting financial reporting and certain operational aspects for investment vehicles to be launched as part of the firm's newly mandated private debt funds business. Responsibilities include support in 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. The team works in a hybrid working environment with 3 days spent at the office each week.

Role Details

As a Fund Finance Associate, you will (be):
  • Maintains 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 1st 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 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
  • 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
  • Experience with direct lending funds preferred
  • Minimum of 3-5 years total experience of accounting with a mix of private and public accounting experience preferred
  • Four-year college degree required with a concentration in accounting or related business field
  • CPA designation a plus
  • 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
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 personalised 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 City is $81,000 to $124,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Some of our core benefits:
  • Competitive Salary and Matched 401K Savings Plan
  • Generous Paid Time Away plus Bank Holidays
  • Physical and Mental Health Well-Being benefits including (but not limited to) Health & Life Insurance Plans and the support of trained Mental Health First Aiders
  • Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
  • The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice. You can make donations to our partnered organizations or take part in corporate volunteering opportunities in your local communities by providing on hand support.
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.

Our commitment to equal employment opportunity

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: " "EEO is the Law poster" " and " supplement ";" Employee Rights and Responsibilities under the Family and Medical Leave Act ;" Employee Polygraph Protection Act " and " Pay Transparency Non-discrimination Provision .

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .

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