ProShares
Senior Director, Senior Portfolio Manager - Private Equity
New York, NY · Director
Sponsorship not specified$220k-$240kDetected 201 days ago
NegotiationFinancial ModelingForecastingValuationCommunicationCollaborationAdaptabilityUnderwritingCFA
About the role
- We are seeking an experienced Senior Portfolio Manager to join our private equity investment team, with a focus on managing 1940 Act private equity funds.
- This individual will play a central role in driving investment strategy, portfolio construction, and execution across manager selection, secondaries, and co-investments.
- Oversee portfolio construction and ongoing management of 1940 Act private equity funds, ensuring alignment with fund mandates, risk management, and liquidity considerations.
Responsibilities
- Develop and implement strategies across primary manager commitments, secondary transactions, and co-investments.
- Build and review financial models, valuation analyses, and scenario planning.
- Design and maintain fund-level cash flow models to manage the semi-liquid profile of registered fund vehicles.
- Partner with operations and finance teams to forecast capital calls, distributions, and redemptions.
- Collaborate with legal, compliance, and tax teams on fund structuring, investment terms, and regulatory considerations.
- Support the design and enhancement of investment vehicles, including operational processes unique to 1940 Act funds.
- Partner with distribution, investor relations, and client teams to articulate fund strategy and performance to current and prospective investors.
- Build strong relationships with private equity sponsors, secondary advisors, and market participants.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Requirements
- It is not an exhaustive list of all responsibilities, duties and skills required of this job.
- To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Nice to have
- Bachelor's degree required
- advanced degree (MBA, JD, CFA, or CPA) preferred.
- 10+ years of experience in private equity, secondary investing, co-investments, or portfolio management with exposure to 1940 Act fund structures strongly preferred.
- Demonstrated expertise in underwriting across secondaries, manager selection, and co-investments.
- Strong financial modeling and valuation skills, including cash flow forecasting for semi-liquid vehicles.
- Knowledge of fund structuring, legal, and tax considerations in private markets.
- Experience managing private equity portfolios within the 1940 Act regulatory framework a plus.
Skills
- Highly analytical with strong attention to detail.
Compensation
- The compensation for this position includes salary and incentive pay.
Benefits
- Competitive pay and discretionary bonus
- Health care benefits (medical, dental & vision)
- Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit
- 401(k) retirement plan with matching contribution
- Spending Accounts (Health Care, Dependent Care, and Transportation)
- Wellness Programs (fitness reimbursement, Employee Assistance Program)
- Education assistance
Company info
- ProShares now offers one of the largest lineups of ETFs, with over $90 billion in assets. As a pioneer in the ETF industry, ProShares has driven innovative investment strategies, including cryptocurrency-linked ETFs, dividend growth portfolios, interest rate-hedged bond solutions, and geared (leveraged and inverse) products. ProShares continues to advance the ETF landscape with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
- Position Summary:
- We are seeking an experienced Senior Portfolio Manager to join our private equity investment team, with a focus on managing 1940 Act private equity funds. This individual will play a central role in driving investment strategy, portfolio construction, and execution across manager selection, secondaries, and co-investments.
- The successful candidate will combine strong underwriting expertise with deep operational, structuring, and cash flow management skills to effectively manage the unique semi-liquid nature of our fund products.
- ProShares now offers one of the largest lineups of ETFs, with over $90 billion in assets.
- As a pioneer in the ETF industry, ProShares has driven innovative investment strategies, including cryptocurrency-linked ETFs, dividend growth portfolios, interest rate-hedged bond solutions, and geared (leveraged and inverse) products.
- ProShares continues to advance the ETF landscape with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
- Essential Job Functions:
- Portfolio Management
- Monitor portfolio exposures, performance attribution, and liquidity forecasting.
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