Research Analyst

Overview of the role

You will provide investment recommendations and industry insight regarding investment attractiveness of equities and other securities in the small/mid-cap healthcare sector. You will conduct deep fundamental analysis of individual companies, focusing on factors such as: financial performance, competitive industry dynamics, technological innovation and quality of company management. You will develop detailed financial models, including revenue/profit estimates, free cash flow projections, projected returns on capital, etc.  Using various valuation methodologies, you will be expected to project long-term values of stocks under coverage and make buy and sell recommendations. The successful candidate will successfully prioritize the determination of long-term value for their covered companies, seeking securities that are likely to outperform industry peers over many years.

Duties and responsibilities

You will:

• Conduct research independently to formulate investment recommendations on individual securities within the small/mid cap healthcare sector. Careful consideration should be given to forecasted growth, valuation, financial strength, competitive positioning, quality of financial reporting and management.
• Construct models to generate pertinent questions that need to be answered in the research process, determine critical drivers and forecast future revenue, earnings and cash flows.
• Undertake research visits/meetings to formulate and extend deep industry expertise, including contact with competitors, customers, suppliers and other relevant constituents.
• Compile and communicate research findings with Portfolio Managers through written notes, reports, oral discussions, and presentations.
• Carry out additional duties as assigned.  

Investment areas

Has responsibility for supporting portfolios in the Value Equity franchise for the healthcare sector.

Technical skills and qualifications

• Four-year degree in finance, economics, accounting, or related field required.
• Post-graduate degree such as MBA, and CFA and/or CPA helpful.
• 5+ years of equity investment analyst experience required, preferably buy side.
• Strong stock picking skills, with a proven track record of adding new value.
• Strong modeling skills required. Need to be proficient in building and maintaining financial models.

Competencies required

In addition to putting clients first, acting like an owner, and succeeding as a team, the competencies for this role include:

• Strong analytical skills and attention to detail.
• Strong creativity, initiative and drive.
• Strong verbal and written communication skills with proven ability to communicate articulately, concisely and persuasively.
• Ability to work and make stock recommendation decisions independently and quickly as well as function effectively within a team.
• Strong interpersonal skills with the ability to build relationships internally and externally.
• Commitment to going above and beyond to build the business.

Ongoing competence in the role to be assessed, in line with applicable regulatory requirements, by:

• Annual performance appraisal.
• Completion of all assigned compliance training.

Compliance requirements 

At a minimum the role will require you to:

• Place the interest of Janus Henderson’s Clients first, act in accordance with TCF (Treating Customers Fairly) principles.
• Understand and follow laws and regulations applicable for your role, seeking the help of your supervising manager or Compliance if additional guidance is required.
• Understand and abide by all Janus Henderson policies applicable to your role, and seek support/guidance of the policy owner guidance when required.
• You are ultimately accountable for your actions and responsible for seeking further information on any or all of the above as necessary.