Product Manager

Caruso is the AI-native fund administration platform for private markets. We replace legacy systems with modern software and integrated services, helping fund managers save time, impress investors, and grow AUM.

Since launching just over two years ago, Caruso has grown rapidly to $80B+ in assets, 900+ funds, and 80,000+ investors on the platform. We just completed our Series A capital raise, and are looking for smart, ambitious people to help us build a global business.

Role Summary

We’re looking for a Product Manager who builds. Someone technically fluent, energised by ambiguity, and motivated by seeing things ship - not just planned.

As a Product Manager at Caruso, you’ll own product outcomes across complex customer problems. You’ll define what gets built, build working prototypes to test your assumptions, write articulate and concise specs, and stay close to delivery - unblocking engineers and agents as needed.

You’ll work directly with enterprise clients and need the experience and judgement to translate messy requirements into buildable, prioritised product work - and the diplomacy to say no when needed.

What You’ll Do

1. Product Definition & Scoping

You will define what gets built and in what order

• Dig deep to understand the real problem, not just the surface request

• Break down complex client needs into buildable, prioritised product work

• Write clear specs and acceptance criteria that engineers and agents can execute against

• Prioritise ruthlessly across bugs, features, and technical debt

• Build working prototypes in Claude Code / Design to validate assumptions before committing engineering effort

• Sense-check decisions across a growing product surface area to avoid conflicts or duplication

2. Delivery & Engineering Partnership

You keep things moving and ship alongside engineers.

• Unblock engineers and agents by working through scope and technical tradeoffs together in real time

• Stay close to delivery - you’re in the detail, not handing off documents and waiting

• Ship small features and refinements directly in the codebase using our agents

• Manage competing priorities and stakeholder expectations across engineering, design, and client teams

• Help engineers make good tradeoffs between speed, quality, and long-term platform health

3. Customer & Client Engagement

You will work close to real customer problems.

• Engage directly with enterprise clients to translate requirements into product direction

• Balance enterprise client needs with platform consistency and scalability

• Act as the bridge between customers, product, and engineering

• Have the experience and confidence to push back on requests that don’t make sense for the platform

4. Product Practice & Tooling

You improve how we go from scoping to shipping.

• Use AI tooling as your default working method - drafting specs, exploring edge cases, building domain context, and building prototypes

• Continuously refine how product work is defined and communicated to engineering

• Stay pragmatic - improve flow and throughput, not add ceremony

• Automate the parts of the job that can be automated

What We’re Looking For

Experience & Capability

• 3-5 years’ experience in product management or a technical product role

• Background as a former software engineer preferred

• Startup or scale-up experience essential - comfortable moving fast without heavy process

• Able to speak credibly with engineers about APIs, data models, implementation tradeoffs, and migration complexity

• Demonstrated fluency using AI tools (Claude Code, Claude Projects, Cursor, V0) to do real product work - prototyping, scoping, spec writing - not just experimentation

• Excellent written communication - you can write clear specs, user stories, and acceptance criteria that engineering teams love

Mindset & Ways of Working

• Highly autonomous and comfortable scoping work independently

• Strong judgement and ability to prioritise ruthlessly

• Bias toward execution over perfect definition

• Excited and motivated to leverage AI as a Product Manager

• Comfortable with ambiguity and evolving requirements

• Practical, technically curious, and not afraid to get into the detail

Why Join Caruso?

• Work on complex enterprise product challenges across AU, NZ, and US regulatory environments

• Operate in a fast-moving start-up where PMs ship code, not just documents

• Stay close to engineers, customers, and delivery every day

• Use AI-native tools to fundamentally change what a PM can contribute

Benefits

• Comprehensive health insurance with Southern Cross.

• Flexible work from home (WFH) arrangements. When in the office enjoy our premium office space with luxury fit-out and water views all within close proximity to Auckland's best bars and cafes.

• Workstation package including Macbook Pro, dual screens, Apple peripherals, Airpod Pro noise-cancelling headphones.

• 5 weeks annual leave after 2 years tenure, 6 weeks of annual leave after 3 years tenure.

• Unlimited sick leave.

• Extended parental leave.