Associate, Private Equity (Fixed-Term)

About the role

AustralianSuper is the largest superannuation fund in Australia, ranked in the top 20 largest funds globally and top 50 asset owners globally, with over US$300 billion in assets under management. The New York office comprises more than 90 colleagues and is expected to grow significantly. This is a 2‑year, pre‑MBA Fixed‑Term Associate position in Private Equity, commencing August 2027.

Responsibilities

• Investment Analysis: Perform due diligence on co‑investment and co‑underwrite opportunities by reviewing due diligence materials (commercial, financial, technology, etc.), conducting financial modeling and sensitivity analyses, and assessing key value drivers and risks.
• Contribute to preparation of well‑researched investment recommendation reports for the fund’s investment decision‑making forums.
• Portfolio Monitoring: Facilitate quarterly update calls with GPs to discuss portfolio company performance and outlook; analyze operating and financial performance of underlying co‑investment/co‑underwrite portfolio companies quarterly; assess ongoing investment thesis and emerging risks/opportunities; prepare and present regular portfolio monitoring reports for internal stakeholders.
• Fund Selection & Diligence: Assess specific Private Equity funds via disciplined investment process; perform fund‑ and GP‑level due diligence; coordinate internal activities (legal, tax, operational risk); act as conduit between internal teams and GP; contribute to recommendation reports.
• Relationship Development: Help develop and cultivate relationships with new and existing GPs; represent AustralianSuper professionally in interactions with fund managers.
• Relationship Management: Support day‑to‑day relationship management with incumbent and prospective GPs.
• Team Participation: Actively participate in internal team meetings and investment discussions, contributing analysis and viewpoints on fund opportunities and due diligence findings.
• Fund Portfolio Monitoring: Review and assess fund performance quarterly, including analysis of underlying portfolio companies' operating metrics and GP/fund‑level changes; prepare and present quarterly fund monitoring reports with key performance updates, insights, and recommendations; review fund‑related corporate actions or amendments, coordinate with legal/compliance to evaluate implications, and formulate recommendations or responses.

Requirements

• Education: Bachelor’s degree in Finance, Business, Economics, or a related field (tertiary qualification required); strong academic performance expected.
• Experience: 1‑3 years of full‑time experience in investment banking or a similar financial services role, with experience in financial analysis, transaction processes, and valuation techniques relevant to private equity investing.

Skills

• Analytical & Modeling Skills: Superior quantitative and financial modeling abilities; advanced proficiency in Excel; ability to build, analyze, and interpret complex financial models (e.g., LBO, cash flow models) accurately and efficiently.
• Research & Due Diligence: Excellent analytical and research skills; ability to dissect company financial statements, market data, and investment documents to derive insights.
• Communication: Strong written and verbal communication skills; capable of preparing clear, concise investment memorandums and presentations; communicating findings and recommendations effectively to colleagues and senior stakeholders.
• Organization & Project Management: Proven ability to plan, prioritize, and manage multiple tasks and workstreams in a fast‑paced, deadline‑driven environment; highly organized with a track record of meeting deadlines and maintaining high‑quality work under time pressure.

Benefits

• Generous 401(K) matching.
• Health insurance.
• Flexible working environment (blended work hours).

Pay

The compensation range for this position is $220,000 to $260,000 (based on full‑time hours, located in New York City). Pay may vary depending on job‑related knowledge, skills, and experience.

Schedule

Flexibility in work hours is both a requirement and an opportunity for this role, reflecting collaboration across multiple time zones.