Vice President, Partner Economics
About The Position
Davidson Kempner Capital Management LP is a global investment management firm founded in 1983, with headquarters in New York and offices worldwide. The Firm invests globally across the capital structure in credit and equity strategies, and real assets, targeting complex situations where its experience can unlock value. Davidson Kempner seeks individuals with exceptional critical thinking, curiosity, creativity, and diverse viewpoints. The Role is within the Finance department, seeking a Vice President to support the Firm’s Partnership structure and compensation accounting. This role will oversee global management company economics, including GP capital balances and movements, P&L allocations, and cross-functional coordination of compensation accounting. The VP will partner with senior leadership to ensure integrity and transparency of compensation, including discretionary bonuses, deferred compensation, and carried interest/incentive allocations.
Requirements
- Bachelor’s degree in Accounting or Finance; CPA preferred
- 10+ 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 (management company, GP/LP entities, offshore/onshore structures)
- Deep expertise in compensation accounting (bonus structures, deferred comp, equity plans)
- Proven experience managing teams and leading complex, cross-functional initiatives
- Advanced Excel and financial modeling capabilities
- Experience with Workday Adaptive Planning or similar planning/reporting platforms
- Exposure to partner tax reporting (K-1s) and capital account management
- Track record of driving process improvements and system implementations
Responsibilities
- Oversee the accounting, allocation, and reporting of partner economics, including profit-sharing and carried interest
- Lead all 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
- Work cross functionally with Human Resources and the Corporate Accounting team
- Partner closely with senior stakeholders across HR, Legal, Tax, FP&A, and executive leadership on compensation strategy and execution
- Assist in 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
- Act as primary point of contact for external auditors on compensation and partner economics matters
- Ensure compliance with GAAP, regulatory requirements, and internal controls; continuously enhance processes and controls
- Drive automation and system enhancements, including leveraging tools such as Workday Adaptive Planning to improve transparency and scalability
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What This Job Offers
Job Type
Full-time
Career Level
Senior
