Portfolio Manager, Private Equity Portfolio Construction and Risk

AustralianSuper•New York, NY

About The Position

As Portfolio Manager, Portfolio Construction & Risk, you will help shape and manage AustralianSuper’s Private Equity portfolio. Your role will focus on developing and applying portfolio construction and risk frameworks, supporting investment strategy, and providing clear portfolio and risk insights to senior management and investment committees. In this newly created position, you will work closely with the Head of Portfolio Construction & Risk, Private Equity and senior stakeholders, to support disciplined capital deployment and strong risk‑adjusted outcomes across the private equity program.

Requirements

10+ years’ experience in investment management, with significant focus on private equity or private markets portfolio construction, strategy, or risk management; institutional investor experience strongly preferred.
Bachelor’s degree in finance, economics, business, or related field; MBA or advanced degree desirable. CFA, FRM, and/or CAIA strongly preferred.
Deep understanding of portfolio construction and quantitative risk analysis, including factor models, scenario analysis, and performance attribution.
Advanced Excel required; Python, R, or portfolio systems experience a plus.
Strong knowledge of private equity risk characteristics, including illiquidity, valuation uncertainty, cash flow timing, and concentration risk.
Demonstrated ability to balance return objectives with risk constraints, including experience operating within portfolio risk limits or budgets.
Excellent written and verbal communication skills, with experience presenting complex analyses to senior leadership and investment committees.
Proven collaborator with strong professionalism, judgment, and commitment to fiduciary responsibility.
A track record of managing or contributing to investment portfolios with a clear focus on risk-adjusted performance.

Responsibilities

Own and evolve the PE portfolio construction framework, including investment limits, sizing, and key risk and factor exposures.
Evaluate all PE investments (funds, co-investments, and co-underwrites) from a portfolio-wide perspective, ensuring alignment with return objectives and risk appetite.
Develop and maintain cash flow forecasting and commitment pacing models to support capital deployment and multi‑year planning.
Lead research and analysis on portfolio and investment-level risks, providing actionable insights to support new investments and ongoing portfolio management.
Contribute to portfolio sizing and construction discussions at PE Investment Committee meetings.
Prepare and present portfolio reviews and risk reporting to senior management and governance forums, highlighting key risks and recommended actions.
Partner with internal stakeholders to ensure compliance with strategy guidelines and reporting requirements.
Collaborate with the broader private equity team on portfolio analysis and internal reporting.