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With 75,140 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. www.db.com RREEF Alternative Investments 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 1,400 investment professionals in 17 cities around the world to help investors meet a wide range of objectives – from diversification, to preservation of capital, to long-term performance. Named one of the world’s largest alternative investments managers in Global Investor/Watson Wyatt’s Alternative Survey, June 2008, RREEF has €55.6billion in assets under management worldwide as of 31 March 2008. Private Equity – Fund Accountant Controller 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 • Requirements - Bachelor’s degree in Accounting or Finance 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.
- C.P.A. strongly preferred but not required
To apply, please visit the Deutsche Bank Careers Website at the link below http://www.db.com/careers/en/4437.html *Deutsche Bank is an Equal Opportunity/Affirmative Action (M/F/D/V) employer.*
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