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Manager (Equity Research)

Employer
LIC Pension Fund Ltd.
Location
Mumbai
Salary
Equivalent of Scale II in PSU Banks
Closing date
Jul 28, 2024

View more

Job Function
Credit Analysis
Industry Sector
Asset Management
Employment Type
Full Time

About LIC PFL

LIC PFL is a Pension Fund Manager (PFM) appointed by Pension Fund Regulatory and Development Authority (PFRDA) in 2017 under NPS to manage pension contributions of Government & Private Sector employees

As on 31-Mar-2023, LIC PFL’s assets under management (AUM) were Rs 253,250 Crores, a 28% share in addressable market. LIC PFL has been achieving year-on-year growth of about 25% in the AUM

LIC PFL’s business is competitive while being tightly regulated; therefore, LIC PFL has taken a lead to devise employee-friendly and performance-enabling HR Policies and is keen to hire and retain performing  professionals to avail business growth and offer career growth

Purpose of the Role

  • Write / Initiate quantitative and qualitative research and present analytical reports of macro, sector, Company, Corporate Actions and Market News to predict performance of existing EQUITY portfolio and enable to "take positions" on investments for providing better-than-competition returns to LIC PFL’s Clients
    • [Existing LIC PFL’s equity portfolio comprises of Companies in a sub-set of the eligible investment universe prescribed by PFRDA; the portfolio can expand to include all Companies prescribed by PFRDA; investments should potentially provide growing dividends]
  • Perform quantitative and qualitative research and present analytical reports of macro, sector, Company, Corporate Actions and Market News to predict performance of promising new EQUITY investment; persuade expansion of equity portfolio
    • [This addition to equity portfolio would comprise of Companies from outside eligible investment universe prescribed by PFRDA; these Companies may or may not be from domains in which PFRDAdirected Companies operate; investments should potentially provide growing dividends]
  • Identify equity investment opportunities aimed to improve net worth of portfolio
  • In addition, role holder shall take up responsibilities as directed by MD & CEO or the Head, Research

Role Abstract

Macro
Macro trends in economic and geopolitical data to predict moves in financial markets domestically and internationally; trends in allocation of capital across sectors; GDP; FOREX; interest rates etc.

Sector
Upstream / downstream players in the value chain; competitors; cyclical nature of business; new disruptors; imports; exports; FOREX exposure; etc.

Company
A. Quantitative analysis (P&L; balance sheet; cash flows; liquid assets; customer receivables; inventories; obligations to suppliers; assessment of loans; etc)
B. Qualitative analysis (ownership structure; historical development of Company; core business; product, production process, technology; market growth potential; disclosures; management discussion on potential of sector & Company; etc

Corporate action & market news
Positive or negative news about portfolio Company, its promoters, directors, relations etc; about specific or a set of competitors; about Sector as a whole; each having an impact on portfolio Company’s performance. Would also include macro events and special case situations.

Demographic Profile of Candidate

  • Age profile (years): 28 to 35
  • Gender Preference: Equal opportunity
  • Language: Read, Write, Speak in English and Hindi

Qualification profile

  • Graduation: Any Graduate
  • Post-Graduation: MBA (Finance); CFA will be an added advantage

Profile of prior experience

  • Overall Min: 5 years in similar profile

Relevant experience definition

  • should have worked on equity research
  • should have timely produced quality research reports for macro, multiple domains, and diverse Companies

Source-map sectors

  • firms that purchase investment securities
  • institutional investors such as hedge funds, PE groups, MFs, pension funds, trusts, and family offices
  • leading institutional brokers

Source-map roles

  • Research Analyst. Equity asset class

Compensation payable

  • Annual fixed compensation is Rs 16.05 Lakhs. Together with variable compensation (best individual performance against agreed KPIs PLUS Company performance), maximum annual compensation Professional can potentially earn is Rs 21.72 Lakhs. 
  • Benefits extra as per LIC PFL’s HR Policies

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