Portfolio Manager, Private Equity Portfolio Construction and Risk

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

With more than US $280 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.

Our New York office is made up of more than 75 colleagues and is expected to grow significantly over the next few years, so when you join, you become a key part of building our culture.

Your new role

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.

Key Responsibilities

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Own and evolve the PE portfolio construction framework, including investment limits, sizing, and key risk and factor exposures.

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Evaluate all PE investments (funds, co-investments, and co-underwrites) from a portfolio-wide perspective, ensuring alignment with return objectives and risk appetite.

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Develop and maintain cash flow forecasting and commitment pacing models to support capital deployment and multi ‑ year planning.

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Lead research and analysis on portfolio and investment-level risks, providing actionable insights to support new investments and ongoing portfolio management.

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Contribute to portfolio sizing and construction discussions at PE Investment Committee meetings.

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Prepare and present portfolio reviews and risk reporting to senior management and governance forums, highlighting key risks and recommended actions.

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Partner with internal stakeholders to ensure compliance with strategy guidelines and reporting requirements.

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Collaborate with the broader private equity team on portfolio analysis and internal reporting.

What we’re looking for

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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.

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Bachelor’s degree in finance, economics, business, or related field; MBA or advanced degree desirable. CFA, FRM, and/or CAIA strongly preferred.

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Deep understanding of portfolio construction and quantitative risk analysis, including factor models, scenario analysis, and performance attribution.

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Advanced Excel required; Python, R, or portfolio systems experience a plus.

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Strong knowledge of private equity risk characteristics, including illiquidity, valuation uncertainty, cash flow timing, and concentration risk.

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Demonstrated ability to balance return objectives with risk constraints, including experience operating within portfolio risk limits or budgets.

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Excellent written and verbal communication skills, with experience presenting complex analyses to senior leadership and investment committees.

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Proven collaborator with strong professionalism, judgment, and commitment to fiduciary responsibility.

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A track record of managing or contributing to investment portfolios with a clear focus on risk-adjusted performance.

Pay transparency notice

The compensation range for this position is position is $385,000 - $460,000 plus discretionary bonus ( this is based on full-time hours, located in New York City). The pay 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

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.

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