at DEUTSCHE BANK SECURITIES INC. dba Deutsche Bank in Chicago, Illinois, United States
Job Description
Job Description:
Employer: DWS Group
Title: Real Estate Accounting Controller
Location: Chicago, IL
Job Code: #LI-LV2 #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.
Read more about DWS and who we are here.
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 and fund accounting, client reporting and performance measurement for all RREEF advised direct real estate vehicles in the U.S. (approximately $36 billion assets under management).
The successful candidate will be responsible for the financial reporting and operational aspects for several real estate investment vehicles including 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. The position is in Chicago within the firm's Illiquid Asset Operations (IAO) group and offers a hybrid working environment.
Role Details
As a Real Estate Accounting Controller you will (be):
Maintains strong cross-functional relationships, consistent communication and cooperation with the IAO and other groups at RREEF to support department and company initiatives
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
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 real estate products, assist Transactions team 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.
Lead and complete ad hoc projects and tasks to improve efficiency and processes
Responsible for managing assigned direct reports and delegating responsibilities and tasks
Stay educated on real estate and accounting industry updates including new GAAP accounting literature and NCREIF PREA Reporting Standards
Collaborate on deliverables and projects with other RREEF teams including Portfolio Management, CFO group, Asset Management, Transactions, Client Advisory Group, and Capital Markets
We are looking for:
Real estate accounting knowledge in both fair market value and historical cost method preferred
Experience with real estate funds and separate accounts
Four-year college degree required with a concentration in accounting or related business field
Minimum 8 years' experience in public accounting and/or a real estate accounting position
CPA strongly preferred
Proficient in the use of Microsoft Office products
Strong verbal and written communication and interpersonal skills
Excellent organizational skills, attention to detail and ability to handle multiple tasks simultaneously
Motivated, self-started with the ability to problem solve
Strong attention to detail
What we'll offer you:
At DWS we're serious about diversity, equity and creating an... For full info follow application link.
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
