Equity Research Associate (KBW) - Brokers, Asset Managers and Exchanges

$95,000 - $120,000/Yr

Stifel Financial - New York, NY

Full-time - Entry Level

New York, NY

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

KBW is seeking an Equity Research Associate to join its Equity Research team in New York, focusing on Brokers, Asset Managers, and Exchanges. The role involves supporting senior Research Analysts by gathering data, conducting analysis, and maintaining financial models. The ideal candidate will possess a solid understanding of the financial sector and be able to articulate and defend investment theses for various stocks.

Responsibilities

• Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis.
• Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
• Analyze information obtained from management to conceptualize and define operational problems.
• Perform validation and testing of models to ensure adequacy; reformulate models as necessary.
• Build and update comp sheets.
• Manage databases and electronic data services (i.e. Bloomberg, FactSet, Morningstar, Dealogic, Preqin, etc.).
• Clearly state and defend the Analyst's investment thesis and outlook for each of the stocks under coverage.
• Respond to basic questions from institutional sales and clients regarding covered companies, and industry questions and data requests.
• Develop written product with modest direction from the senior level Research Analyst.
• Evaluate basic valuation methodologies to stocks under coverage and the broader sector.
• Meet the special project demands of the senior level Research Analysts.
• Use all resources to determine and locate relevant data.
• Continue to build industry knowledge.

Requirements

• Bachelor's degree in a relevant field.
• 2 to 4 years of relevant industry experience or proven experience at the Associate I level.
• Strong foundation in financial/accounting knowledge.
• Excellent writing and verbal communication skills.

Nice-to-haves

• Proficiency in Microsoft Excel and PowerPoint.
• Experience with financial modeling and analysis.

Benefits

• Discretionary bonuses
• Health, dental, and vision insurance
• Flexible spending accounts
• Tuition and certification assistance programs
• Paid time off
• 401k plan