Senior Director, Senior Portfolio Manager - Private Equity at ProShares

New York, NYFull-timeProductsPosted 4 months ago

About the Role

About Us:   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.  Essential Job Functions[1]:  Portfolio Management  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="2">Oversee portfolio construction and ongoing management of 1940 Act private equity funds, ensuring alignment with fund mandates, risk management, and liquidity considerations. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="2">Develop and implement strategies across primary manager commitments, secondary transactions, and co-investments. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="2">Monitor portfolio exposures, performance attribution, and liquidity forecasting. </li> </ul> Investment Underwriting & Execution  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="2">Lead due diligence and underwriting of private equity investments across: </li> </ul> <ul> <li data-leveltext="" data-font="Wingdings" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":2160,"335559991":360,"469769226":"Wingdings","469769242":[9642],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="3">Secondaries – LP-led, GP-led, and structured transactions. </li> </ul> <ul> <li data-leveltext="" data-font="Wingdings" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":2160,"335559991":360,"469769226":"Wingdings","469769242":[9642],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="3">Manager Selection – top-tier private equity funds across buyout, growth, and special situations. </li> </ul> <ul> <li data-leveltext="" data-font="Wingdings" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":2160,"335559991":360,"469769226":"Wingdings","469769242":[9642],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="3">Co-Investments – direct equity opportunities alongside leading sponsors. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="2">Build and review financial models, valuation analyses, and scenario planning. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="2">Negotiate and structure investment terms in collaboration with legal, tax, and operational partners. </li> </ul> Cash Flow & Liquidity Management  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="2">Design and maintain fund-level cash flow models to manage the semi-liquid profile of registered fund vehicles. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="2">Partner with operations and finance teams to forecast capital calls, distributions, and redemptions. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="2">Optimize pacing and deployment strategies to meet investor liquidity needs while maximizing returns. </li> </ul> Structuring & Operations  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="2">Collaborate with legal, compliance, and tax teams on fund structuring, investment terms, and regulatory considerations. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="2">Support the design and enhancement of investment vehicles, including operational processes unique to 1940 Act funds. </li> </ul> Stakeholder Engagement  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="2">Present investment opportunities and portfolio updates to internal investment committees. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="2">Partner with distribution, investor relations, and client teams to articulate fund strategy and performance to current and prospective investors. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="6" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="2">Build strong relationships with private equity sponsors, secondary advisors, and market participants. </li> </ul> Education and Experience:  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="2">Bachelor’s degree required; advanced degree (MBA, JD, CFA, or CPA) preferred. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="2">10+ years of experience in private equity, secondary investing, co-investments, or portfolio management with exposure to 1940 Act fund structures strongly preferred. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="2">Demonstrated expertise in underwriting across secondaries, manager selection, and co-investments. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="4" data-aria-level="2">Strong financial modeling and valuation skills, including cash flow forecasting for semi-liquid vehicles. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="2">Knowledge of fund structuring, legal, and tax considerations in private markets. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="6" data-aria-level="2">Experience managing private equity portfolios within the 1940 Act regulatory framework a plus. </li> </ul> Knowledge, Skills and Abilities:  <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="7" data-aria-level="2">Excellent communication, negotiation, and presentation skills with the ability to interact with senior stakeholders and external partners. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="8" data-aria-level="2">Highly analytical with strong attention to detail. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="9" data-aria-level="2">Strategic thinker with the ability to manage complexity and multi-faceted portfolios. </li> </ul> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="7" data-list-defn-props="{"335552541":1,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"multilevel"}" data-aria-posinset="10" data-aria-level="2">Team-oriented, collaborative, and adaptable in a fast-paced environment. </li> </ul> The compensation for this position includes salary and incentive pay. The annual base salary range for this role is $220,000-$240,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.  Our Benefits:  <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1">Competitive pay and discretionary bonus  </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">Paid time off  </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="2" data-aria-level="1">Health care benefits (medical, dental & vision) </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="3" data-aria-level="1">Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="4" data-aria-level="1">401(k) retirement plan with matching contribution </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="5" data-aria-level="1">Spending Accounts (Health Care, Dependent Care, and Transportation) </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="6" data-aria-level="1">Wellness Programs (fitness reimbursement, Employee Assistance Program) </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="7" data-aria-level="1">Education assistance </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="8" data-aria-level="1">Hybrid work schedule </li> </ul> <ul> <li data-leveltext="•" data-font="Mazzard H SemiBold" data-listid="1" data-list-defn-props="{"335551671":0,"335552541":1,"335559685":1080,"335559991":720,"469769226":"Mazzard H SemiBold","469769242":[8226],"469777803":"left","469777804":"•","469777815":"hybridMultilevel"}" data-aria-posinset="9" data-aria-level="1">Additional Programs include peer recognition, corporate matching gift </li> </ul>   [1] These statements are intended to describe the general nature and level of work involved for this job. 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.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  <div class="content-conclusion"><a href="https://client.hrservicesinc.com/downloads/pm/clients/7411/ccpa%20privacy%20notice%20for%20employees_final(1).pdf" target="_blank">Additional privacy information for CA residents</a> EOE STATEMENT ProShare Advisors LLC and its affiliates are equal opportunity employers and do not discriminate against otherwise qualified applicants on the basis of age, race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), marital or family status, national origin, ancestry, physical or mental disability, mental condition, veteran status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law.    </div>

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