Fund Accounting Analyst

Position Overview

Employer: DWS Group
Title: Fund Accounting Analyst
Location: South Korea
Job Code: #LI- ZL1 #LI-01

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

The Illiquid Operations function (“Illiquid Operations”) is responsible for the oversight of operations and fund finances for the real estate funds and mandates in Korea Illiquid Business (covering both Trust and LLC type Real Estate Funds/ SPVs).

The Illiquid Operations ensures that appropriate processes are carried out to ensure that the operations and finances of relevant products are effectively managed. Members of the Illiquid Operations serve as a primary point of contact for these matters and as a liaison between internal groups and external parties (Investors and Service Providers).

Your responsibilities

The Illiquid Operations is responsible for all aspects of day-to-day accounting for a group of assigned funds including, calculating/reporting the periodic NAV (Net Asset Value), and compiling standard monthly financial statements, and income and expense accruals and performing the required reconciliations.

As our Fund Accounting Analyst, you will assist the team in managing real estate funds/SPVs and will work as part of the Illiquid Operations to achieve and meet the needs. Non-exhaustive responsibilities include the following:

• Oversee daily operations of real estate funds/SPVs including AITAS booking, payment processing, and other fund administration (e.g., subscriptions, redemptions, distributions)
• Preparation of monthly, quarterly financial and investors’ reports
• Control/reconcile accounts and records (balance sheet, P&L, bank accounts, etc.)
• Review local tax return filings (CIT, VAT, WHT) prepared by tax advisor
• Ensure timely filing of all regulatory reporting
• Arrange for and coordinate external & internal audits
• Coordinate to set up new funds/investment structures to support transaction teams
• Assist in acquisition/divestment process
• Support ad hoc management reporting and analysis for Illiquid Business as needed
• Manage external vendors like Fund Administrator/Auditors/ Tax Advisors on behalf of real estate funds/SPVs.
• Establish and maintain strong relationships with Korea Illiquid Investments & APAC Illiquid Operations function
• Ability to coordinate, prioritize, and execute multiple responsibilities within predetermined timeliness is essential

We are looking for

• Bachelor’s degree or equivalent qualification (qualified accountant is a plus)
• 2-3 years of experience in fund finance for alternative assets (especially real estate) gained from working in Asset Management/Banking or related Financial Institutions/Fund Administrators
• Understanding of accounting principles (i.e., Korea GAAP and IFRS) and local tax
• Excellent interpersonal communication skills and being able to communicate fluently in English and Korean language
• Ability to work with different stakeholders, both internal and external, across a wide variety of functions and across different jurisdictions in Asia and overseas
• Proactive attitude, commitment to continuous learning, willing to challenge the status quo to improve processes
• Proficient in Microsoft Excel, Microsoft Word, Power Point

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and 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 including, but not limited, to the below:

• A hybrid working model, allowing for in-office / work from home flexibility, comprehensive leave policy, personal and volunteer days
• Competitive compensation packages including health and wellbeing benefits
• Access to best in class trainings, in role development and career progression opportunities

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 our recruitment team will discuss options with you

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.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.