Product Development Manager – Private Markets Funds

Company:Mercer

Description:

What you can expect:

An exciting opportunity to join one of Mercer’s largest and most rapidly-growing business areas – investment solutions. As part of our Investment Solutions International Product Team, the successful candidate will support Mercer’s investment solutions private markets product strategy across Ireland, wider Europe, Asia and the Middle East. Mercer is one of the fastest growing investment solutions entities globally, and our client base has grown substantially over recent years with further growth to come.

Reporting to the Head of Product, the Product Development Manager will lead the design and scoping phase of the product development lifecycle and will be responsible for product governance processes and the ongoing management of the funds. This is a highly visible role requiring collaboration with a broad set of stakeholders internally and externally, including investment and commercial teams, Legal, Compliance, Portfolio Intelligence and operational teams.

The role will facilitate exciting career opportunities within a dynamic and rapidly growing area of Mercer’s business driven by strong demand across new markets.

We will count on you to:

• Lead the design and development of new funds, ensuring product initiatives follow the appropriate product governance processes and associated approvals are obtained.
• Partner with investment and distribution teams to define the investment strategy, fund requirements and features (e.g. liquidity features, carry structures, share class features, fee structures).
• Lead changes to existing funds, ensuring existing products remain current, appropriate and compliant for clients.
• Provide technical expertise and advise the business regarding fund structures and processes.
• Owner of all Fund Documentation including PPMs, LPAs, etc.
• Presentation of fund initiatives to internal governance forums or Fund boards as required.
• Monitoring regulatory impacts on funds and determining appropriate actions.
• Liaise with legal counsel and other stakeholders on fund matters.
• Develop and maintain market and segment expertise to assist decision making and execution.

What you need to have:

• Strong demonstrable experience within a Product Development/Product Management function of an Asset Management firm specialising in private markets.
• Relevant practical experience in product structuring and fund formation for private markets funds.
• Comprehensive knowledge of private markets fund structures, specifically closed-ended, evergreen and semi-liquid strategies such as LTAFs and ELTIFs.
• An in-depth understanding of current regulatory changes and issues impacting the industry.
• Attention to detail with the ability to prioritise and navigate multiple teams and deliverables.
• Strong collaborative track record, stakeholder management and communication skills.
• Energy, tenacity and resilience.
• Strong academic track record.

What makes you stand out:

• Professional, disciplined and proactive approach to work.
• Strong organisational and time management skills.
• Ability to apply an analytical and questioning approach to ensure risk mitigation.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can collaborate with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities.

#MercerIS

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing 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, Traveller community, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable support to any candidate with a disability/health condition to allow them to fully participate in the recruitment process. We welcome candidates to contact us at [email protected] to discuss any specific needs.

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.