What are the responsibilities and job description for the Associate Fund Finance Controller, Real Estate position at Deutsche Bank?
Position Overview
Employer: DWS Group
Title: Associate Fund Finance Controller, Real Estate
Location: Chicago, Illinois
Job Code:
About DWS:
DWS Group (DWS) is one of the world's leading asset managers with EUR 833bn of assets under management (as of 30 June 2022). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients.
Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.
Overview
This position is in the Fund Finance & Reporting group at RREEF Management, LLC, a real estate investment advisor, which is a wholly owned subsidiary of DWS. The Fund Finance & Reporting group oversees the out-sourced fund administration functions including property accounting, fund accounting/consolidation, client reporting and performance measurement for all RREEF advised direct real estate vehicles in the U.S. (approximately $28 billion assets under management). The position will provide support to the Fund Finance team and will help ensure the timely and accurate receipt of financial deliverables from fund administrators to our clients and various RREEF teams including Portfolio Management, Asset Management, Transactions, Client Advisory Group, Capital Markets and Compliance. The position is located in Chicago and offers a hybrid working environment.
Your Key Responsibilities:
At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and 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 Chicago is $90,000 to $142,000. 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 strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
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" .
Employer: DWS Group
Title: Associate Fund Finance Controller, Real Estate
Location: Chicago, Illinois
Job Code:
About DWS:
DWS Group (DWS) is one of the world's leading asset managers with EUR 833bn of assets under management (as of 30 June 2022). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients.
Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.
Overview
This position is in the Fund Finance & Reporting group at RREEF Management, LLC, a real estate investment advisor, which is a wholly owned subsidiary of DWS. The Fund Finance & Reporting group oversees the out-sourced fund administration functions including property accounting, fund accounting/consolidation, client reporting and performance measurement for all RREEF advised direct real estate vehicles in the U.S. (approximately $28 billion assets under management). The position will provide support to the Fund Finance team and will help ensure the timely and accurate receipt of financial deliverables from fund administrators to our clients and various RREEF teams including Portfolio Management, Asset Management, Transactions, Client Advisory Group, Capital Markets and Compliance. The position is located in Chicago and offers a hybrid working environment.
Your Key Responsibilities:
- Maintain strong cross-functional relationships, consistent communication and cooperation with various groups at RREEF to support department and company initiatives.
- Primary contact and reviewer of select real estate vehicles which includes reviewing monthly accounting close packages, reviewing quarterly/annual financial statement reports, coordination and review of annual audit reports and review of quarterly consultant reports as required.
- Prepare monthly and quarterly analytics on balance sheet/income statement accounts and outline rationale for fluctuations.
- Review and tie out 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 across multiple real estate vehicles
- Review bank reconciliations and consolidated advisory fee files
- 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.
- Stay educated on real estate and accounting industry updates and trainings including new accounting literature and NCREIF PREA Reporting Standards
- Four-year college degree required with a concentration in accounting or related business field
- Minimum 3-5 years’ experience in public accounting and/or financial services position
- CPA and finance knowledge preferred
- Real estate accounting knowledge in fair market value and historical cost method preferred
- Proficient in the use of Windows, Excel, Word, One Note, PowerPoint and Outlook
- 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 in a team environment
At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and 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 Chicago is $90,000 to $142,000. 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 strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
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" .
Salary : $90,000 - $142,000
