What You'll Be DoingUnder administrative direction, the Research Associate III is primarily responsible for providing information, data gathering, analysis, modeling, and organizational support to the Research Analyst and senior Research staff. A level III Associate has mastered the functions of a level II Associate and can perform all of the functions of an associate, including effectively filling the role of the Research Analyst in his or her absence. A Research Associate III is developing the ability to react to new information, assist in making judgment calls on stocks, and take a proactive role in helping build the franchise.
What We're Looking For- 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 operational problems.
- Perform validation and testing of models to ensure adequacy; reformulate models as necessary.
- Building and updating comp sheets.
- Managing databases and electronic data services (i.e. S&P Capital IQ, Visible Alpha, Bloomberg, FactSet, etc.)
- Must be able to clearly state and defend the senior level Research Analysts investment thesis and outlook for each of the stocks under coverage.
- Able to clearly apply, defend and/or develop valuation methodologies for the stocks under coverage and the broader sector.
- Ability to react to new information and what it means to the stocks.
- Deep knowledge of the Property & Casualty insurance space with command of P&C-specific metrics and concepts and fluency in GAAP and statutory financials and filings.
- Proactively generate ideas that enhance research.
- Respond to questions from institutional sales and clients regarding covered companies, and industry questions and data requests.
- Generate report ideas and fully develop written product.
- Meets the special project demands of the Research Associate VP.
- Continues to build overall development of job knowledge.
- Some travel by car and/or air in conjunction with local, regional, and/or national travel, up to 25%.
What You'll Bring- Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Time Management - Managing one's own time and priorities to ensure the meeting of deadlines
- Oral and Written Expression - The ability to communicate information and ideas in spoken or written form so that others will understand.
- Economics, Accounting, Finance, and Securities Analysis - Knowledge of economic, accounting, and financial principles and practices, the financial markets, the industry, the analysis and reporting of financial data, and associated terminology.
Education & Experience- Minimum Required: Bachelor's degree
- Minimum Required: 3 to 5 years of relevant industry experience and/or proven experience at the Associate II level
Licenses & CredentialsSystems & Technology- Proficient in Microsoft Excel, Word, PowerPoint, Outlook
Compensation RangeSalary: USD $125,000.00/Yr. - USD $150,000.00/Yr.
Actual salaries may vary, and may be based on several factors, including but not limited to each candidate's qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel's overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel's current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.
