Equity Research Analyst

POSITION SUMMARY  

Washington, DC based $16 billion multi-boutique investment firm seeks an Equity Research Analyst for it's St. Louis, MO. office. The equity team at F/m Investments employs a bottom-up, fundamental approach to investing that seeks to identify better businesses as measured by their cash flow return on investment (CFROI), trade at a discount to their intrinsic value, and possess fundamental drivers that could narrow the valuation gap over time. Companies that exhibit all three of these attributes generally possess the most compelling risk/reward profile. The team manages $1B in small capitalization strategies serving institutional and retail clients.

The Research Analyst will focus primarily in the healthcare sector with the ability to take on additional coverage responsibilities. A successful analyst will have a passion for investing, a natural curiosity of how companies operate, the competitive desire to win, the enthusiasm to be part of a team that achieves a common goal, and the work ethic to be a major contributor.

MAJOR DUTIES 

• Perform initial reviews on potential investment opportunities, outlining risks and opportunities.
• Provide comprehensive income statement, balance sheet and cash flow analysis via CFROI approach to measure a company’s operations and financial management.
• Generate the estimated fair value of a company utilizing CFROI framework with support from traditional measures of valuation.
• Perform ongoing due diligence by meeting with current and prospective company management teams.
• Expected to understand the business fundamentals of 25-35 companies intimately while having a general knowledge of 200 or more companies.
• Conduct in-depth, fundamental analysis using financial, industry and other supplemental data.
• Identify, understand, and articulate the key fundamental drivers of a company’s stock performance.
• Lead in the development and communication (verbally and written) of a succinct long term investment thesis which minimizes portfolio turnover.
• Assess market sentiment and expectations that are discounted in a stock price/valuation.
• Develop strong relationships with industry contacts, sources and peers.
• Have or gain proficiency in the use of Factset, HOLT, Microsoft Excel, and Microsoft Word as tools for research and/or reporting purposes Programming skills in languages such Visual Basic, r, C++, Javascript, Python, etc. is a plus.
• Gain the confidence of the portfolio management team by sharing objective perspectives and assessments on new and existing investments, position sizing, and execution timing.
• Demonstrate the ability to work well in a collaborative culture and maintain a positive attitude.

QUALIFICATIONS

EDUCATION

Minimum Required: Bachelor’s degree in Finance or related field

 EXPERIENCE

Minimum Required: Minimum of three years of analyst experience and proven success in stock analysis and selection of Healthcare companies in the US, preferably in small and mid cap markets.