Job Description:
Employer: DWS Group
Title: Fund Finance Controller - Private Debt/Real Estate Debt
Location: New York, NY or Chicago, IL
Job Code: #LI-SL1 #LI-04
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 Controller 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 Controller will be responsible for the 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 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 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.
• Manage the review process for select real estate vehicles including monthly and quarterly accounting close packages, quarterly financial statements and footnotes, annual audit reports, and investor reporting related deliverables including distributions, tax withholding and redemption tracking.
• Provide guidance to fund administrator and review the accounting for more complex transactions and calculations including joint venture consolidation analyses, promote waterfall calculations, tiered fee calculations, and incentive fee/carry calculations.
• Manage the process and relationships with third-party service providers including the Fund Administrator, auditors, and tax advisors.
• Review and approval of fund level invoice payments and oversee and manage the annual fund level budgeting process.
• Monitor transaction pipeline for assigned investment products, assist Transactions and Portfolio Management teams as needed, and manage the review of the accounting and tax reporting for the transaction.
• Liaise with third party tax providers to manage the annual tax returns/1099s/K-1's reporting process as well as tax planning strategies.
• Monitor and assist with regulatory reporting and loan compliance requirements.
• Collaborate on deliverables and projects with other RREEF teams including Portfolio Management, CFO group, Asset Management, Transactions, Client Advisory Group, and Capital Markets
• Responsible for managing assigned direct report(s) and delegating responsibilities and tasks
• 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 6-8 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
• Experience with master/feeder vehicle structures preferred
• Strong verbal and written communication and interpersonal skills
• Excellent organizational skills and ability to prioritize and handle multiple tasks and deadlines simultaneously
• Ability to work efficiently in a dynamic team environment
• Motivated, self-started with the ability to problem solve
• Strong attention to detail
• Experience managing others both directly or indirectly
• 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 $93,000 to $141,000. 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 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 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 .
