Accounting - Real Estate and Private Equity

RREEF Alternative Investments ("RREEF") is the global alternative investment management business of Deutsche Bank’s Asset Management division. RREEF Alternative Investments consists of three businesses: Real Estate, Infrastructure and Private Equity. Headquartered in New York, RREEF Alternative Investments employs more than 1,450 investment professionals in 17 cities around the world. RREEF has US$88.1 billion in assets under management worldwide as of March 31, 2008.



RREEF Fund Finance ("Fund Finance") is part of RREEF and is responsible for the finance and administration of funds managed by RREEF. Fund finance is seeking to fill a position within the Fund Finance team to support funds within the Americas infrastructure and private equity businesses.

This role will support a newly launched closed end Americas Real Estate Infrastructure Fund which will be fully administered by Fund Finance. Additionally, this role will support an existing private equity fund to fund business consisting of three closed end funds externally administered by a third party administrator with detail oversight by Fund Finance.



This role is responsible for all aspects of financial reporting for the funds including:

Accounting for and recording of fund level and investment level activity in the fund’s general ledger or oversight thereof in accordance with US GAAP. Preparation of quarterly and annual fund financial statements in accordance with US GAAP addressing new accounting pronouncements and required disclosures, as applicable. The monitoring of fund’s compliance with the partnership operating agreement terms and investor side letters. Coordination of investor reporting including quarterly preparation and distribution of investor capital accounts, distribution of investor tax reporting and preparation of ad-hoc investor reporting requests including responding to investor queries. Assistance in the coordination of the fund’s annual audit process including preparation of all audit documentation and responding to external auditor requests. Assistance in the annual tax compliance process including collection of tax information and assisting the tax manager in the review of fund and investment tax returns and investor schedule k-1 reporting. Coordination of Fund Finance reviews of investor meeting materials, presentations and investor reports





This role is responsible for all aspects of fund controlling including:Preparation of fund cash forecast analyses to forecast investment.Funding requirements, fund level cash flow needs/reserves, credit facility activity and investor call/distributions. Preparation and coordination of investor capital calls and distributions including investor allocation calculations, notice distribution and calculation of carried interest/performance fee payments. Maintenance and oversight of fund bank accounts including ongoing monitoring of all cash activity and preparation of bank reconciliations. Assistance in the management of the Fund’s credit facility including monitoring of utilization/pay downs and compliance with facility covenants and reporting requirements. Maintenance of the fund cash flow projection model including updating actual fund results and projections of future fund cash flows based on underlying investment cash flow projections.





This role is the acting liaison to the internal origination and asset management teams and is responsible for investment finance coordination including:

Coordination with internal origination/asset management personnel and external partners on new and existing deals to ensure transactions are funded and recorded accurately and timely. Review of investment operating agreements to ensure investment level financial and tax reporting is adequate in timing and scope to meet fund reporting requirements. Maintenance of general ledger accounting records for fund owned investment holding companies, oversight of holding company bank accounts and monitoring of the adequacy of substance requirements of non U.S. legal entities as applicable. Monitoring of due diligence spending and follow-on fundings for fund investments to make sure they are within Investment Committee approved limits. Coordination with internal origination and asset management personnel to ensure that fund equity and debt investments are properly documented.





This role is responsible for the monitoring of Fund Finance’s operational compliance with established internal control policies and procedures including ongoing reviews of existing procedures and documentation of new policies as applicable. This role will assist in the coordination of internal operational audits of RREEF’s Fund Finance function by responding to auditor queries and preparation of auditor requests.



This role will be responsible for working with Fund Finance’s technology support group to provide adequate financial support and reporting including:

Analysis of the capabilities of the general ledger system to improve reporting processes and automate manual calculations/bookings. Management of investment and investor data.





This role will participate in the development of new fund products including legal/tax structuring, review of private placement memorandums and partnership documents.Bachelor’s degree in Accounting or Finance required C.P.A. strongly preferred but not required 5-8 years experience preferably with a combination of public accounting and private equity and/or real estate industry experience The candidate must have a strong technical accounting background with a strong knowledge of US GAAP (IFRS is plus). The candidate must have solid financial statement preparation experience. The candidate must be motivated, detail oriented, and must be able to independently solve problems. The candidate must have strong knowledge of Excel and have experience with manipulation and presentation of data to varied consumers. Experience writing Excel macros is a strong plus. Good communication skills are essential in the candidate, as the success of this position requires continual interaction with external partners and internal business and finance managers on a global basis.

To apply, please visit the Deutsche Bank Careers Website at the link below



http://www.db.com/careers/en/4437.html

Please be sure to indicate as source of position



*Deutsche Bank is an Equal Opportunity/Affirmative Action (M/F/D/V) employer.*