Portfolio Manager

You're only human.

It's a strange thing to say, because us humans are capable of incredible things. And at Medibank, we know our greatest potential lies in the people who work with us.

We strive to make real, fundamental change, driven by a simple purpose: to create the best health and wellbeing for all of Australia.

At Medibank, we're committed to better health for all Australians. That includes the health of our people, our customers, and our investments. We're looking for an experienced Portfolio Manager to join our Treasury & Investments team and help shape the future of our investment portfolio.

Your Impact

As an experienced Fixed Income (or Multi- Asset) Portfolio Manager, you'll play a key role in managing Medibank's internally managed investment portfolios (Cash, Fixed Income, Hybrids) and supporting the strategic asset allocation across both internally and externally managed investments.

You'll deliver critical treasury functions including liquidity, FX risk, capital management, and regulatory reporting, ensuring our investment strategy aligns with Medibank's purpose and risk appetite.

What You'll Be Doing

• Portfolio Strategy & Execution: Develop and implement fixed income strategies that deliver strong risk-adjusted returns. Execute trades efficiently and manage external counterparty relationships.
• Strategic Asset Allocation: Collaborate with internal stakeholders and our external investment consultant (JANA) to maintain a robust and appropriate SAA.
• Liquidity & FX Risk Management: Ensure daily cash flows are optimised and FX exposures are appropriately hedged.
• Capital & Debt Initiatives: Support funding strategies for Medibank's M&A and other strategic transactions.
• Reporting & ESG: Support investment reporting and contribute to ESG and sustainability disclosures aligned with industry best practices.
• Risk & Governance: Maintain compliance with trading policies and regulatory limits, and support stress testing and scenario analysis.

About You

You're a seasoned investment professional with demonstrated experience in investment decision making for institutional buy-side asset managers. You will also need to bring with you:

• Proven track record (around 5+ years) as a Portfolio Manager in AU fixed income (or multi-asset for regulated entities).
• Deep knowledge of Australian corporate bonds and short-term fixed income markets, including existing connections with market counterparties.
• Strong analytical and communication skills.
• Proficiency in Bloomberg, Yieldbroker, and treasury systems.
• Experience with ESG reporting and MSCI ESG tools is a plus.

Why Join Us?

At Medibank, we're more than a health insurer, we're a health partner. You'll be part of a purpose-driven organisation that values innovation, collaboration, and impact. We offer flexible working (no mandated office attendance days), career development and the opportunity to make a meaningful difference. Our team is also experimenting with a 9 day fortnight, as part of our commitment to flexible wor

Ready to shape the future of Medibank's investments?

Apply now and help us deliver better health through smarter financial stewardship.

Imagine working with us

We understand that work means different things to everyone... We know happy, healthy people make great teams, and great teams put more heart into each customer and patient interaction. And that's why we're reinventing work.

Imagine a workplace where work didn't feel like work. A workplace where you could shape when and where you work to have more impact. Where flexible working isn't a buzzword, it's a reality.

Imagine a workplace that helps you and your family thrive. Where connection, personal development and health and wellbeing are front of mind. To learn more about our benefits go to

For you, work should help you Live Better. It should bring you fulfillment and joy. And with Medibank, it could.

Inclusion and Accessibility

We believe in everyone's potential and strive to make Medibank inclusive for all because different perspectives make us better. We encourage applications from everyone, including Aboriginal and Torres Strait Islander candidates, those with disabilities, and LGBTQIA+ community including transgender and gender diverse applicants.

For any adjustments or alternative formats during the recruitment process, please contact us at To learn about our commitments and employee experiences, go to