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

$95,000 - $120,000/Yr

Stifel - New York, NY

Full-time - Mid Level

New York, NY

Credit Intermediation and Related Activities

About the position

KBW is seeking an Equity Research Associate to join its 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 have a solid understanding of the financial services sector and the ability to articulate investment theses clearly.

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.
• Travel by car and/or air in conjunction with local, regional and/or national travel, up to 20%.

Requirements

• Bachelor's degree in Economics, Accounting, Finance, or a related field.
• 2 to 4 years of relevant industry experience and/or proven experience at the Associate I level.
• Highly proficient in Microsoft Excel and PowerPoint.
• Strong writing and verbal communication skills.
• Solid understanding of financial/accounting principles.

Nice-to-haves

• Experience with Bloomberg and other financial data services.
• Knowledge of cash flow analysis and financial modeling techniques.

Benefits

• Health insurance
• Dental insurance
• 401(k)
• Flexible spending account
• Paid time off
• Vision insurance
• Prescription drug insurance