What are the responsibilities and job description for the Senior Manager, Portfolio Construction, Risk and Strategy, Private Equity position at AustralianSuper?

AustralianSuper is the largest superannuation fund in Australia – in the top 20 largest funds globally and top 50 asset owner globally.

With more than US $220 billion in current assets under management, and a world-class investment team, AustralianSuper has the appetite and capability to directly invest in large-scale opportunities.

At AustralianSuper, we truly care about our colleagues. We know work and life are intertwined, that’s why we support the diverse needs of everyone and have policies that enable us all to thrive and be truly flexible. We ensure diversity is celebrated for the opportunity it provides us all to learn and grow, and ultimately to deliver better outcomes for members.

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

Your new role

As a Senior Manager of Portfolio Construction, Risk and Strategy for Private Equity (PE), you will be responsible for evolving and overseeing the PE portfolios including :

Portfolio construction and investment risk.
Portfolio management within strategy, cost and asset allocation guidelines.

In addition, you will be a member of two key forums Chaired by the Head of Private Equity :

Private Equity Investment Council, or PEIC (which reviews and advises on all investment decisions and portfolio monitoring in ownership for the PE portfolio).

Private Equity Senior Team (which is responsible for overall management of the PE team).

The Senior Manager, Portfolio Construction, Risk and Strategy, will utilize their private equity investment experience to collaborate with senior PE (and investment department) colleagues in delivering PE’s investment objectives. This role will seek to contribute to strong investment returns via a strong portfolio construction framework, insightful portfolio risk management and overall portfolio management that supports the funds PE portfolio objectives.

This role is based on-site at 1251 Avenues of the Americas, with a hybrid work schedule.

Key responsibilities

Portfolio construction and investment risk

Ensuring all Private Equity portfolio investments (fund commitments, co-investments and co-underwrites) are combined and viewed from a total portfolio perspective.

Maintaining, overseeing and evolving the portfolio construction frameworks that are used to construct the portfolios investment exposures including investment limits, sizing and key factor exposures.

Critical and key input via portfolio construction insights and framework ownership to portfolio weighting / investment sizing discussions at PEIC forums.

Deepen and extend the PE portfolios investment risk management frameworks and insights.

Research leadership of portfolio level investment risks and insights that can be used by the PEIC to manage portfolio risk, on-going management of investments and new investment decisions.

Engagement and stakeholder management of key departmental relationships, such as Total Portfolio Management and Investment Risk and Governance.

Collaborate and work closely with the Senior Manager, Portfolio Governance and Oversight, Private Equity to ensure that the portfolio remains compliant with all stated guidelines and requirements.

Portfolio management

Maintenance of and responsibility for the PE Portfolio Model that provides all total portfolio forecasting (fund commitments, co-investment and co-underwrite budgets and capital returns).

Oversee the PE portfolios capital pacing and deployment strategy, in collaboration with various internal teams and stakeholders.

Responsibility for managing the portfolios Management Expense Ratio (MER) within strategy guidelines, Asset Allocation parameters and Finance budgets.

Monitoring of the PE portfolio against its strategy, performance targets, portfolio construction guidelines and risk parameters.

Strong stakeholder engagement, collaboration and relationship management across internal teams.

What we’re looking for

At least 15 years professional experience in private equity and / or portfolio construction.

Specific experience in investment risk management will be highly regarded.

Deep understanding of investment principles and risk concepts with specific reference to private equity investments and portfolios.

Understanding of private equity deployment modelling and capital pacing.

Previous senior investment experience in portfolio construction and total portfolio level investment management.

Curious and analytical investment mindset with a passion for delivering high quality investment returns.

Strong interpersonal skills with the ability to work effectively and collaboratively with others.

Maturity, confidence and natural disposition to challenge and debate with senior members of the investment team.

Ability to synthesize complex information into concise conclusions and communicate them.

Strong presentation and report writing skills.

Culture is key

Culture is key at AustralianSuper and we are looking for someone who is a team player that enjoys working in a high performing, collaborative team.

Pay transparency notice

The compensation range for this position is $550,000 to $650,000 plus discretionary bonus ( this is based on full-time hours, located in New York City). The compensation offered may vary depending on job related knowledge, skills, and experience and refers to the amount AustralianSuper is willing to pay at the time of posting.

Life at AustralianSuper

Our New York office is made up of 60 colleagues and is expected to grow three-fold over the next three years, so when you join you become a key part of building our culture.

As we collaborate with colleagues across multiple time zones flexibility in work hours are both a requirement and opportunity for this role.

We offer great benefits, including generous 401(K) matching, health insurance and promote a blended working environment in which all roles can flex, and we’re happy to discuss what this looks like for you.

We are committed to supporting our diverse workforce in a way that is inclusive and embraces diversity in all its forms. If you require any reasonable adjustments to the recruitment process or the role, please let our recruitment team know.

What’s next

Apply now, if you share our values of Energy, Integrity, Generosity of Spirit and Excellent Outcomes and would like the opportunity to work in a challenging, growing and rapidly evolving team to deliver outstanding results.

Progress, powered by purpose

All employees and applicants are evaluated on the basis of their qualifications, consistent with applicable state and federal laws, without regard to race, color, ancestry, sex which includes pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender identity and / or expression, age, religious belief, national origin, marital status, physical or mental disability, medical condition, genetic information, military or veteran status, or other protected basis, all as defined by applicable laws. We are committed to providing equal employment opportunities for all.

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