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Assistant Portfolio Manager / Portfolio Manager

Auckland (Region) (NZ)
Salary is dependent on experience level
Closing date
Mar 7, 2024

View more

Job Function
Portfolio Management: Equities
Industry Sector
Asset Management, Consulting Firm
Employment Type
Full Time

Job Details

Mercer is seeking candidates for the following position based in the Auckland or Wellington office:


Assistant Portfolio Manager / Portfolio Manager


What can you expect?


We offer the opportunity to join a company that is not only winning but is transforming in the most exciting way possible. Our company prides itself on our “people first” culture with our CEO, Martin Lewington, dedicated to Mercer New Zealand being a leading employer. This means that great performers are able to thrive and are greatly rewarded. We commit to putting our people at the heart of what we do, with career development, learning opportunities, financial rewards and making your journey with us FUN and purposeful. Keen to chat?


  • World’s largest OCIO Investment Manager with over NZ$600 Billion under management globally including c. $14 Billion in New Zealand
  • Voted #1 HR Consulting Company Globally
  • Prestigious Auckland or Wellington offices 
  • Great Package
  • Great time to join this global organisation in Growth Phase

What is in it for you?


At Mercer, we recognise that our most important asset is our people. We offer benefits and programs that assist career development such as professional development support, exam and study assistance and global rotation opportunities which will support you to reach your full potential. We also recognise the value of healthy, happy colleagues and promote a culture of inclusion, care and wellbeing, offering benefits such as flexible working and much more!


  • Leading learning and development programs
  • Professional environment where your career path really matters and is supported in our global organisation
  • Great team environment with energetic and supportive colleagues
  • Genuine work life balance

We will count on you to:


The Assistant Portfolio Manager/ Portfolio Manager role assists with delivering performance for a range of single sector and / or diversified funds.  Asset classes include Equities, Fixed Income, and the spectrum of Private Markets.


The role involves assisting with formulating proposals on asset allocation, manager selection and portfolio construction across a range of funds, and for overseeing these funds on an ongoing basis. This role will contribute to meeting our client’s needs by delivering excess returns and contributing to overall fund outcomes. In addition, the role will be an active contributor to the SAA & DAA process, including idea generation, portfolio management and peer analysis.


The Assistant Portfolio Manager / Portfolio Manager will report to the Chief Investment Officer and work collaboratively with the local and global investment management teams to ensure that portfolio construction is aligned with client needs and leverages the benefits of Mercer’s global scale and expertise.


To be successful, the candidate will need to work collaboratively across Mercer in the Pacific and globally to deliver the best of Mercer to our clients.


Key responsibilities will likely include: 


  • Manager selection and portfolio construction: this role will have responsibility for the delivery of alpha for a range of funds. From time to time, new funds may be established to meet specific client needs, or the evolving requirements of the overarching investment strategy.  Included in this responsibility is ensuring best-practice integration of sustainable investing principles into the funds.
  • Pacific and Global Investment team interaction: collaborate with Mercer teams locally and in other regions teams to formulate Mercer’s best-idea model portfolios
  • Client and industry-facing representative of Mercer: in conjunction with the consultants, client service and sales teams and other Wealth colleagues, work with clients to understand their needs, communicate portfolio strategy and performance and support Mercer’s business development initiatives. This includes representing Mercer and the IM team with key external stakeholders as required.
  • Contributing to broader team goals and activities: work collaboratively with the broader PM team to work towards a set of common goals, the most important of which is delivering investment outcomes that meet or exceed objectives. From time to time this may mean getting involved in projects or tasks outside of your specific responsibilities in order to support the broader team goals. The role may be required to cross-train and provide backup or coverage on other asset classes when required.
  • Driving contemporary processes: ensure continued development of latest investment and risk management processes including risk budgeting, sustainable investing integration, portfolio construction techniques and whole of portfolio approaches.

What you need to have: 


  • Qualifications at a Degree level in an appropriate analytical discipline such as finance, economics or mathematics. A suitable post graduate qualification, such as CFA, CIMA or Masters in a relevant discipline is preferred.
  • Experience of Multi-Sector and/or single sector manager selection and/ or portfolio construction.
  • In depth understanding of different approaches to portfolio construction, including passive, active, factor, core and high conviction
  • Extensive knowledge of investment markets, their underlying drivers, the relationships between different asset types and signs of market dislocations.
  • Track record in engaging with clients and their advisors and have extensive interaction with senior client decision makers. 
  • Highly evolved analytical skills
  • Strong communicator and ability to interact confidently with other senior investment professionals, internal stakeholders including CSMs and sales staff, with clients, tender managers as well as the Fund’s Board of Directors.
  • Well-developed leadership skills
  • Confidently represent Mercer with external audiences
  • Strategic thinker
  • Demonstrated ability to work collaboratively
  • Clear communication and writing skills
  • Goal orientated
  • Good judgement

About us:


Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on LinkedIn and Twitter 


Marsh McLennan is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.


Marsh McLennan 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 McLennan 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. Note: the changes to our hybrid work policy do not apply to officially designated remote workers and are subject to any works council or local legal requirement.



Mercer is a global consulting leader in talent, health, retirement, and investments. Mercer helps clients around the world advance the health, wealth, and performance of their most vital asset – their people. If you thrive on challenge, are passionate about delivering quality service, love solving problems, and truly enjoy connecting with people, we encourage you to explore the many job opportunities available through Mercer. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital. MMC has over 57,000 employees worldwide and annual revenue exceeding $13 billion. For more information, visit or follow Mercer on Twitter. Mercer is widely recognized as the DC consulting leader in Canada. Our practice consists of a nation-wide team of 35 full-time professionals dedicated to DC consulting, providing a full range of services for sponsors of defined contribution pension and group savings plans. Our team currently serves over 400 DC clients representing over $25 billion in DC assets, and consults on all aspects of DC plan management - we believe this holistic approach makes sense, as it is reflective of how our clients think about their DC plans, and how they can best be served. Our DC consultants have varied backgrounds such as investment, actuarial, legal, retirement planning, DC record keeping and communication. As Mercer firmly believes in the development of intellectual capital, the team is supported by bestin- class proprietary tools and databases, including Mercer’s renowned investment manager research and investment analytic tools. Get in on the action. Work with great colleagues. Work for even greater clients. Energize your career by joining our team.

Company info
120 Bremner Boulevard
M5J 0A8

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