Associate, Research

Overview

A leading global financial services firm is seeking an Associate in Research based in New York, NY. The role involves creating and maintaining earnings, valuation, and industry models, performing reserve analysis and actuarial valuation reports, and writing research reports on company coverage, earnings results, and industry news. The position requires interaction with institutional investors and collaboration with internal sales and trading teams.

Responsibilities

• Develop and maintain financial models including earnings, valuation, and industry models.
• Perform reserve analysis and actuarial valuation reports based on company filings.
• Write research reports for initiations of coverage, earnings analysis, and industry developments.
• Respond to institutional investor requests for models and data analysis.
• Analyze implications of news and industry developments on companies under coverage.
• Build and maintain relationships with investor relations personnel and company management.
• Conduct industry diligence and primary research through surveys, expert calls, and channel checks.
• Assist internal sales and trading teams with timely analysis of breaking sector news.
• Telecommuting permitted up to one day per week.

Requirements

• Master’s degree in Finance, Economics, or a related field.
• Minimum of two years of relevant experience in finance, economics, or related fields.
• Experience working in the life insurance industry and equity research covering insurance and broader financial sectors.
• Proficiency in Excel and financial modeling to forecast revenue, earnings, and cash flows.
• Knowledge of valuation techniques including comparable company analysis and sum-of-the-parts (SOTP) valuation.
• Familiarity with GAAP accounting principles, including income statements, balance sheets, and cash flow statements.
• Ability to conduct ratio analysis, vertical and horizontal analysis, and identify accounting irregularities independently.
• Understanding of life insurance products, annuities, insurance statutory accounting principles, and practices.
• Knowledge of regulatory environments and competitive dynamics within the insurance sector.
• Experience using financial tools such as Bloomberg, Capital IQ, and FactSet.
• Awareness of macroeconomic indicators and long-term investment trends.
• Ability to stay current with market trends, emerging financial instruments, and technological advancements.
• Experience drafting equity research notes, client correspondence, and developing/presenting industry reports.
• Ability to work effectively with cross-functional teams.

Compensation & Benefits

• Expected base salary: $200,000 per year at commencement.
• Total compensation may include commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages.
• Comprehensive employee benefits and perks are offered.

Location

• New York, New York
• Telecommuting permitted up to one day per week.