Vice President, Partner Economics
About The Position
Davidson Kempner Capital Management is seeking a Vice President in its Finance department to provide primary coverage for the Firm’s partnership structure and compensation accounting. The role oversees global management company economics, including GP capital balances and movements and P&L allocations, and coordinates compensation accounting across functions. The Vice President partners with senior leadership to support the integrity and transparency of discretionary bonuses, deferred compensation, and carried interest and incentive allocations. The position also supports compensation and partner-allocation budgeting and forecasting, delivers executive-level reporting on compensation trends, partner profitability, and firm economics, and serves as the primary contact for external auditors on compensation and partner-economics matters. The role is responsible for compliance with GAAP, regulatory requirements, and internal controls, and for improving processes, controls, automation, and systems. It works closely with teams and stakeholders across Human Resources, Corporate Accounting, Legal, Tax, FP&A, and executive leadership.
Requirements
- Bachelor’s degree in Accounting or Finance.
- 10 or more years of experience in public accounting and/or asset management finance, with significant exposure to hedge and private equity fund structures.
- Experience in a global, multi-strategy investment firm.
- Strong command of partner economics, including carried interest, profit-sharing arrangements, and allocation waterfalls.
- Strong understanding of multi-entity structures, including management company, GP/LP entities, and offshore/onshore structures.
- Deep expertise in compensation accounting, including bonus structures, deferred compensation, and equity plans.
- Proven experience managing teams and leading complex, cross-functional initiatives.
- Advanced Excel and financial modeling capabilities.
- Track record of driving process improvements and system implementations.
Nice To Haves
- CPA preferred.
- Experience with Workday Adaptive Planning or similar planning and reporting platforms.
- Exposure to partner tax reporting (K-1s) and capital account management.
Responsibilities
- Oversee accounting, allocation, and reporting of partner economics, including profit-sharing and carried interest.
- Lead compensation accounting processes, including bonus accruals, deferred compensation, equity-based awards, and complex incentive structures.
- Oversee the development and maintenance of partner capital accounts, allocation models, and distribution calculations.
- Review and approve journal entries, accruals, and reconciliations related to compensation and partner distributions.
- Coordinate cross-functionally with Human Resources and Corporate Accounting.
- Partner with stakeholders across HR, Legal, Tax, FP&A, and executive leadership on compensation strategy and execution.
- Assist with budgeting and forecasting for compensation and partner allocations, including scenario analysis and stress testing.
- Deliver executive-level reporting on compensation trends, partner profitability, and firm economics.
- Serve as the primary point of contact for external auditors on compensation and partner-economics matters.
- Ensure compliance with GAAP, regulatory requirements, and internal controls, and continuously enhance processes and controls.
- Drive automation and system enhancements, including use of tools such as Workday Adaptive Planning, to improve transparency and scalability.
- Lead teams and complex cross-functional initiatives.
- Drive process improvements and system implementations.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
