Associate Portfolio Manager (f/m/d)

Allianz Global Investors; München; On-site; EUR 90,000 - 130,000; Full time

Job summary

Allianz Global Investors seeks an Associate Portfolio Manager to own defined portfolio-management responsibilities across diversified private markets mandates and evergreen funds. You will translate client objectives and market views into actionable allocation recommendations and contribute to cross-asset-class research and investment theses.

You will produce market views, relative-value assessments and investment theses that inform decisions, while collaborating with specialist teams to access

Qualifications

• Master's degree or equivalent in finance, economics, business or quantitative discipline.
• 3–5 years of relevant private markets experience in investment management/consulting or research.
• Fluent English and German.
• Strong Excel and PowerPoint skills; experience with data-analysis/visualisation tools is an advantage.

Responsibilities

• Manage defined portfolio workstreams across private equity, private debt, infrastructure and real estate.
• Develop allocation, pacing and portfolio-construction recommendations.
• Evaluate investment opportunities and provide portfolio-review recommendations.
• Develop market views and investment theses across private markets.
• Translate research into implications for allocation and steering to generate returns.
• Own high-quality portfolio analyses and materials under tight deadlines.
• Improve investment frameworks and guide analysts on workstreams.

Skills

Excel

PowerPoint

Communication

Analytical skills

English

German

Data Analytics

Data Modelling

Microsoft CoPilot

Education

Master's degree in finance/economics/business or quantitative discipline

PhD/CFA/CAIA advantage

Tools

Microsoft CoPilot

Data-Analysis tools

Job description

The Private Markets Solutions Team designs and manages diversified private markets portfolios across bespoke mandates and evergreen funds, translating client objectives and market views into allocation, portfolio construction and investment decisions. Working across private equity, private debt, infrastructure, and selectively real estate, the team partners with specialist investment teams to access their deal flow in primaries, co-investments and secondaries while also investing in the platforms direct strategies and performing selective, complementary sourcing. The team retains end-to-end responsibility for portfolio strategy, pacing, investment decisions and ongoing portfolio steering. The team is part of risklab, the solutions pillar of Allianz Global Investors' global investment platform, and works closely with other risklab teams, on modelling of private markets, strategic asset allocation advice, and holistic public-private portfolios.

The Associate Portfolio Manager takes ownership of defined portfolio-management responsibilities across diversified private markets mandates and evergreen funds, translating client objectives, portfolio analysis and market views into actionable allocation and investment recommendations. In addition, the role helps develop the team’s investment strategy capability by producing cross-asset-class research, relative-value assessments and investment theses that inform portfolio decisions.

What You Will Do

• Manage defined portfolio workstreams – and progressively portfolios – across private equity, private debt, infrastructure and real estate, under the oversight of senior portfolio managers.
• Develop allocation, pacing and portfolio-construction recommendations based on client objectives, portfolio exposures, cash-flow forecasts and investment guidelines.
• Evaluate investment opportunities in a total-portfolio context and formulate clear recommendations for portfolio reviews and investment committees.
• Develop market views, relative-value assessments and investment theses across private markets, working closely with specialist investment teams.
• Translate investment research and market developments into practical implications for portfolio allocation, construction and steering with the clear aim to generate extra returns.
• Take ownership of high-quality portfolio analyses and decision materials, coordinating inputs across investment teams and functions and delivering reliably under tight deadlines.
• Improve investment frameworks, analytical tools and team processes, while guiding analysts on assigned workstreams.

What You Bring

• Master's degree or equivalent qualification in finance, economics, business administration or another quantitative discipline; a PhD, CFA and/or CAIA qualification is an advantage.
• 3-5 years of relevant experience in private markets, investment management/ consulting or investment/ academic research; demonstrable private markets expertise is required.
• Strong understanding of private-markets investment and portfolio-management concepts, ideally across more than one asset class.
• Excellent quantitative and analytical skills, with the ability to interpret portfolio data, market research and cash-flow analysis and turn them into actionable investment recommendations.
• Proven ability to conduct independent research, develop investment views and communicate clear, well-supported conclusions to senior stakeholders and investment committees.
• Strong Excel and PowerPoint skills; experience with data-analysis or visualisation tools is an advantage.
• Structured, reliable and quality-focused, with the ability to take ownership of complex workstreams and deliver high-quality results under tight deadlines.
• Flexible, proactive and self-reliant, with the judgement to manage changing priorities, identify issues and drive work forward with limited supervision.
• Strong communication and collaboration skills, including the confidence to challenge constructively and work effectively across asset classes, investment teams and functions.
• Fluent verbal and written skills in both English and German required.
• Experience with Data Analytics, Data Modelling and Microsoft CoPilot.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families,and institutions worldwide. Our shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.

We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our clients first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our clients and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

If you feel inspired to promotethe activeasset management experience, this is the place for you. Join our international, technology-enabled, and agile environment.

109407 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent