Investment Analyst

Location
Berwyn, Pennsylvania
Salary
Open
Posted
May 17, 2022
Closes
Jun 16, 2022
Industry Sector
Asset Management
Certifications
CFA Charterholder
Employment Type
Full Time
Education
Bachelors

Coho Partners, Ltd. (Coho), founded in 1999, is an independent and employee-owned investment advisor, dedicated to producing superior risk-adjusted returns within our U.S. equity strategy.

Coho manages approximately $9.8 billion (preliminary as of March 31, 2022) for institutional employee benefit plans, endowments, foundations, corporations, high net worth individuals, eleemosynary organizations, UMA/Model programs, trusts, and estates, and other individual investor accounts. The firm is focused on providing downside protection and upside participation for clients who share our philosophy and vision.  Portfolios are implemented through separate accounts, a mutual fund, and UMA accounts.

Coho’s investment philosophy is based on the premise that the most effective way to create and sustain wealth in the equity markets is to achieve an asymmetric pattern of returns over time, where the portfolio demonstrates a down market capture considerably less than its up-market capture. Our primary focus is on risk control and protecting principal in down markets, coupled with strong participation in all but the most speculative of markets. This objective is achievable and repeatable by populating portfolios with stocks of high-quality companies that have, and will continue to demonstrate, long-term predictable growth in revenues, earnings, and dividends at reasonable valuations. We believe the combination of protection and participation should ultimately lead to better than market performance over a full economic cycle, with less than market risk.

Position Summary

This position serves as an integral member of the investment team and has responsibility for company coverage within Coho’s investable universe.

Duties Include

Responsible for proactively and collaboratively contributing to the investment team, including but not limited to:

  • Conducting thorough financial statement analysis;
  • Timely review of all company filings (10K, 10Q, proxy statements);
  • Constructing long-term, company-specific financial models;
  • Engaging in regular contact with company management for Coho 250 company assignments;
  • Maintaining a comprehensive understanding of the relevant company and industry dynamics;
  • Assisting in the annual construction of the Coho 250 and other quantitative aspects of the investment process;
  • Initiating and sustaining regular written and verbal communication with the Coho investment committee;
  • Passionate about the incorporation of ESG considerations within fundamental research and analysis;
  • Engage with companies in the universe and portfolio to advocate for the incorporation of ESG best practices;
  • Assisting in new business development, preparation of client reporting and materials for client service meetings; and
  • Any other job duties as assigned.

Depending on the experience level of the candidate, other duties may include:

  • Building, maintaining, and contributing to a diversified and vital bullpen of companies eligible for investment consideration; 
  • Making profitable recommendations to the investment committee regarding new Coho 250 companies to add, complete sales, trims, and additional allocations;
  • Constructively challenging the investment rationale of new and existing holdings;
  • Is current, inclusive, and participates in portfolio construction of the model portfolios; and
  • Participation in business development presentations and client review meetings. 

Qualifications

  • 5-15 years of equity analyst experience in a similar role within a similar investment strategy;
  • Experience across various industry sectors;
  • Previous ESG equity research experience is strongly preferred;
  • High degree of versatility, self-motivation, and integrity;
  • Energetic, with the ability to thrive within a small team-oriented environment with minimal oversight;
  • Compatible with the Coho company culture, including strong interpersonal skills and a proven ability to collaborate with peers and colleagues;
  • High attention to detail and excellent organizational skills;
  • Strong verbal and written communication and presentation skills;
  • Attainment of the CFA charter preferred; commitment to, and/or progress towards attainment of the CFA charter is required;
  • Bachelor’s degree required, Graduate degree preferred; and
  • Excellent skills using Microsoft Office, FactSet and/or Bloomberg.  Experience with ESG research providers is preferred. 
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