Private Markets Portfolio Strategy Lead

Marsh McLennan Agency; Salt Lake City (UT); Hybrid; USD 126,000 - 252,000; Full time

Job summary

Marsh McLennan Agency is seeking a Director of Portfolio Strategy & Private Markets to shape customized investment strategies for sophisticated institutional clients and to advance the integration of private equity across portfolios.

You will collaborate with senior leaders and the Alternatives Investment Director team to translate complex research into practical client recommendations, manage multiple workstreams, and help drive decisions across committees and boards.

Qualifications

• 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.

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.

Skills

Portfolio construction

Private markets

Institutional clients

Investment strategy

Communication skills

Leadership & coordination

Analytical thinking

Accountability

Team collaboration

Education

Bachelor's degree

Job description

Marsh McLennan Agency is seeking a Director of Portfolio Strategy & Private Markets to shape customized investment strategies for sophisticated institutional clients and to advance the integration of private equity across portfolios.

You will collaborate with senior leaders and the Alternatives Investment Director team to translate complex research into practical client recommendations, manage multiple workstreams, and help drive decisions across committees and boards.