Equity Research Analyst

Primarily responsible for monitoring owned securities and sourcing new ideas for the firm’s Large Cap Core (LCCE), Small-Mid Cap Core (SMCCE) and Small Cap Core (SCCE) Equity strategies. The generalist candidate will also have specific experience covering financial services companies, including the Banking sector. As a Core manager, we build domestic equity portfolios of high-quality securities whose prices are not fully appreciated by investors.

Essential Duties and Responsibilities:

• Identify potentially attractive securities from firm-developed screens and perform due diligence, the process of which includes:
  • An initial review of the company to determine its qualitative attractiveness and the potential existence of value creating catalysts
  • An initial discounted cash flow model of the company for valuation purposes
  • Fundamental analysis including the review of SEC filings, the company’s investor relations materials, a call with management, further refinement of the valuation model, the contents of which are summarized in a written report
• Monitor existing holdings in the LCCE, SMCCE and SCCE strategies, which includes:
  • Review SEC filings
  • Review company news flow
  • Read each quarterly financial release and the accompanying earnings conference call transcript and create a brief earnings summary report
  • Maintain a current valuation model for each owned security
  • Relay important news and significant price movement to the members of the Domestic Equity Investment Team
• Run backtesting models that drive the sector screens
• Create, run and maintain sector screens and watchlists to facilitate the generation of new ideas
• Other project work as required, which could include:
  • Projects related to quarterly commentaries
  • Projects related to portfolio analysis work such as attribution, characteristics, etc.
  • Projects related to researching potential new software tools
  • Projects related to Isthmus Insights whitepapers

Required attributes

• Generalist experience covering multiple industries/sectors, as well as expertise in covering the financial services (banks, insurance companies, real estate investment trusts and other financials)
• Heightened willingness to research opportunities in unfamiliar industries/sectors to source new ideas
• Willingness to operate within a tightly defined screening methodology
• Ability to produce thorough and accurate work in a timely and reasonable fashion under a deadline-driven structure
• Extensive experience conducting discounted cash flow analyses
• Ability to develop, advance and document cogent investment theses in the form of efficiently- written company reports
• Ability to advance workflow at a reasonable pace in connection with a rapidly changing marketplace, balancing the need for thoroughness and speed of execution
• Ability to develop and cultivate relationships across all staff levels
• Attention to detail, excellent organization and time management skills, proven drive to consistently follow through
• Ability to listen well with strong written and verbal communication skills
• Ability to manage multiple priorities
• Process-driven and results-oriented
• Creative problem solver with an ability to anticipate needs and actively participate in a continuous improvement culture

Qualifications

• Bachelor’s degree in Finance with a strong and demonstrated accounting background
• Minimum three years equity research experience
• Chartered Financial Analyst (CFA) or CFA candidate
• Knowledge of FactSet Research Systems  

Interested candidates should submit a detailed cover letter and resume through the CFA Institute website.

Ryan Cobb, Chief Operating Officer

All information will be held in confidence.