Fund Finance /Fund Accounting Associate, Deutsche Bank

Real Estate

$75-128k

+ Incentive Compensation

Excel

Windows

Junior and Mid level

Chicago

New York

Investment bank and financial services company

Job no longer available

Investment bank and financial services company

1001+ employees

B2CB2BInvestingTradingFinancial Services

Job no longer available

$75-128k

+ Incentive Compensation

Excel

Windows

Junior and Mid level

Chicago

New York

1001+ employees

B2CB2BInvestingTradingFinancial Services

Company mission

To be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.

Job

Company

Role

Who you are

We’re looking for creative thinkers and innovators to join us as the world continues to transform
Minimum of 2 years’ experience of accounting with a mix of private and public accounting experience across the funds industry
Proven recent experience across Alternatives fund finance, with a focus on Real Estate and Private Credit strategies preferred
CPA designation preferred
A relevant college degree in accounting or related business field
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. Experience with complex excel calculations and macros a plus

What the job involves

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 position is within the Illiquid Asset Operations (IAO) division at RREEF Management, LLC, a Real Estate investment advisor, which is a wholly owned subsidiary of DWS
IAO is responsible for the financial reporting and certain operational aspects for investment vehicles to be launched as part of the firm’s private debt funds business
IAO will also be responsible for 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
Maintain 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 first 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 loan investment reconciliations and investor allocations (including related management and performance/incentive fee/allocation calculations)
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, and 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

Our take

Deutsche Bank is one of Europe's biggest banks, operating in around 60 countries. It has a long history but hasn't struggled to keep up with the changing times. Like launching Vert, a digital payments service for small and medium businesses, and focusing on investments that are good for the environment and society.

The banks performance in 2025 has been impressive too. In the first nine months, pre-tax profit reached €7.7B (up 64% from last year) and net profit climbed to €5.6B (a 76% increase). And all business divisions delivered double-digit profit growth, supported by revenue gains and disciplined cost management.

If this wasn't impressive enough, the bank is also making strong progress in ESG, reporting €23B in sustainable financing in the third quarter of 2025 alone. With these healthy finances, a clear strategic direction, and a focus on responsible growth, Deutsche Bank is in a very promising position for the future.