Vice President, Partner Economics at Davidson Kempner | NY, US | Rezi

Vice President, Partner Economics at Davidson Kempner

Vice President, Partner Economics

Davidson Kempner · NY, US

4 weeks ago

Vice President, Partner Economics

Davidson Kempner · NY, US

a month ago
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About the Role

As part of the broader Finance department, this Vice President role will primarily support the Firm’s Partnership structure and compensation accounting. The role focuses on overseeing global management company economics, including GP capital, P&L allocations, and cross-functional coordination of compensation accounting. The VP will partner with senior leadership to ensure the integrity and transparency of compensation elements like bonuses, deferred compensation, and carried interest.

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

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

Skills

  • Delivers Results
  • Takes Accountability
  • Builds Relationships
  • Influences for Outcome
  • Engages with Feedback
  • Advanced Excel
  • Financial Modeling
  • Workday Adaptive Planning
  • GAAP Compliance
  • Process Improvement
  • System Implementations

Location

  • New York

Work Type

  • Full-time

Experience Level

  • 10+ years

Education Level

  • Bachelor's degree in Accounting or Finance
  • CPA preferred

Salary/Compensations

  • $185,000—$250,000 USD

About the Company

  • Davidson Kempner Capital Management LP is a global investment management firm founded in 1983.
  • Headquartered in New York, the firm has offices in Philadelphia, London, Dublin, Hong Kong, Shenzhen, Mumbai, and Abu Dhabi.
  • The Firm invests globally and opportunistically across the capital structure in various credit, equity, and real asset strategies.
  • Davidson Kempner utilizes a multi-dimensional, research-driven investment process to evaluate diverse transactions across asset classes, geographies, and market cycles.
  • The firm targets complex, global situations where its experience and expertise can unlock value.
  • Davidson Kempner attracts exceptional people from diverse disciplines and backgrounds who thrive on navigating complexity.
  • The firm seeks individuals with exceptional critical thinking, innate curiosity, creativity, and an embrace of diverse viewpoints.