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Real Estate Fund Finance Associate

Deutsche Bank

Deutsche Bank

Accounting & Finance
Chicago, IL, USA · Riverside, CA, USA · Chicago, IL, USA
Posted on Thursday, July 11, 2024

Job Description:

Employer: DWS Group

Title: Real Estate Fund Finance Associate

Location: Chicago, IL

Job Code: #LI-SL1 #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 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.

Role Details

As a Fund Finance Associate, you will:

  • 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

We are looking for

  • 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

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.

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 organisations 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

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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.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.


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.