Director, Portfolio Strategy & Private Markets

About the role

This is a collaborative investment role on a senior Portfolio Management team focused on custom portfolio solutions and private markets expertise. You will partner with leadership and the Alternatives Investment Director team to support sophisticated institutional clients in navigating complex portfolio decisions and long-term objectives. The role involves shaping portfolio strategy, contributing to client recommendations, and strengthening how private equity integrates across broader institutional portfolios. Ideal for someone who enjoys variety, deep investment thinking, and translating analysis into clear, actionable ideas that drive decisions.

Responsibilities

• Partner with senior portfolio management leadership to develop and manage customized investment strategies for sophisticated institutional clients.
• Analyze portfolio questions across asset allocation, liquidity, risk, implementation, benchmarking, and portfolio construction.
• Assess exposures holistically across public and private markets, including concentrations, overlapping economic risks, liquidity requirements, and expected sources of return.
• Develop recommendations on portfolio structure, active versus passive implementation, manager configuration, and strategic portfolio decisions.
• Support the construction and ongoing management of private equity portfolios, including exposure analysis, diversification, pacing, commitments, and portfolio monitoring.
• Evaluate private equity exposure within the context of each client’s strategic asset allocation, return objectives, liquidity profile, and risk tolerance.
• Monitor portfolio exposures by strategy, geography, vintage, manager, and underlying company.
• Analyze capital calls, distributions, NAV evolution, unfunded commitments, and expected future cash flows.
• Support commitment planning and recommendations for new private equity investments.
• Translate manager-level research and investment views into client-specific portfolio recommendations.
• Prepare investment committee and board materials that frame decisions and recommendations clearly.
• Coordinate with internal stakeholders across Portfolio Management, Alternatives, operations, managers, custodians, and other teams to drive implementation.
• Help develop repeatable tools, frameworks, and processes to support customized portfolio management and private markets portfolio construction.
• Support new-business opportunities, proposals, finals presentations, and client discussions.

Requirements

• Approximately 7+ years of relevant investment experience.
• Strong grounding in institutional portfolio construction and investment strategy.
• Experience with private equity or broader private markets.
• Understanding of private equity portfolio construction, commitment pacing, cash-flow dynamics, performance measurement, and manager diversification.
• Ability to evaluate investment decisions in a total-portfolio context.
• Experience working with sophisticated institutional investors, investment committees, or boards.
• Excellent analytical, written, and verbal communication skills.
• Proven ability to manage complex workstreams independently and coordinate across investment teams.
• High degree of intellectual curiosity, judgment, initiative, and accountability.
• Bachelor’s degree required.

Qualifications

• Direct experience bridging total portfolio strategy and private markets.
• Strong understanding of how private equity affects liquidity, risk, governance, and implementation.
• Ability to take an ambiguous portfolio question and turn it into a clear analytical framework and recommendation.
• Confidence in representing the investment team with sophisticated clients, boards, and committees.
• Experience supporting or leading investment committee materials that focus on decision-making, not just reporting.
• CFA, CAIA, MBA, or another relevant advanced qualification.
• A track record of building strong relationships across investment, operations, and client-facing teams.
• Ability to create leverage for senior leaders by independently owning significant portfolio and strategic workstreams.

Benefits

• Professional development opportunities, interesting work, and supportive leaders.
• Vibrant and inclusive culture with talented colleagues and opportunities to create new solutions.
• Scale-driven career opportunities, benefits, and rewards to enhance well-being.
• Health and welfare benefits, tuition assistance, 401K savings and other retirement programs, and employee assistance programs.

Pay

The applicable base salary range for this role is $126,000 to $252,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

Schedule

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.