Vice President, Partner Economics

Davidson Kempner•New York, NY

About The Position

As part of the broader Finance department, we are seeking a Vice President to be the primary coverage for Partner economics and compensation accounting. The primary focus of the role will be to oversee all aspects of global partner economics (capital balances and movements, P&L allocations) across the management company and affiliated corporate entities; this includes involvement in all end-to-end aspects of the process including production, reporting, and executive communication and presentation of Partner economics. Related, and as part of Firm P&L, the VP will also have responsibilities for cross-functional coordination of compensation accounting. The VP will serve as a key partner to senior leadership, ensuring 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 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