Job Description
Job Title: Equity Research Analyst- Small/Mid Cap, Industrials/Consumer Sector
Reports to (title): EVP, Portfolio Manager
Company Description: Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 60 years.
Alger's Investment Team is the engine that drives the Firm's strong long-term investment returns of our portfolio strategies and success for our clients. Our investment strategies range from U.S. small cap to large cap stocks and International and Emerging Markets growth stocks, in both traditional long-only and long/short hedged equity portfolios. We are over 60 experienced professionals, led by our portfolio managers and senior sector analysts, who work together to identify and research domestic and global growth trends across all economic sectors to uncover compelling investment opportunities. We target "outside the box" ideas and our firm's philosophy encourages creative and independent thinking. Each investment idea goes through a rigorous series of analyses. Many of our analysts have direct experience in the industries they invest in and/or advanced degrees in their fields. Compared to other buy-side firms, our teams are small - and this "boutique" culture allows analysts of all levels to contribute. Working in smaller groups, analysts have more responsibilities, rather than being just a "number-cruncher" at a larger firm. With that in mind, we focus on investing in developing talent.
Location: Headquartered in New York City's downtown Financial District in a modern office space, Alger offers great benefits and encourages employees to become involved in their community. In particular, we encourage our employees to participate, to give their time and talents, not just money, to charitable events and organizations the Firm supports through our employee run charitable committee, the Alger Candlelight Giving Program. Pensions & Investments has noted, "Fred Alger Management Inc. [is] one of the most charity-oriented workforces in the investment industry." (Sept. 5, 2011). We are as proud of that recognition as we are of our investment success.
Job Description: Alger is seeking a bright and enthusiastic Analyst to assist coverage of the consumer and consumer-facing industrial sectors for the U.S Small and Mid Cap team. We favor candidates who are passionate about investing, embrace challenges, welcome increasing responsibilities, and thrive in a dynamic environment. Their knowledge of the consumer industries will be utilized to enhance and contribute to the Small and Mid Cap team's performance. This individual will explore sell side research, internal research and reports which will have a positive impact on the portfolio's performance.
This Analyst, along with their team, work with portfolio managers on generating insightful investment ideas. This direct exposure to top level management is rare in the investment community and current analyst thrive on the ability to work with highly experienced investors.
Duties & Responsibilities: - Analyze financial statements, interview/visit company management, build and update detailed financial/valuation models, write research reports.
- Using and creating incremental, internal quantitative reports that identify potentially attractive small and midcap stocks
- Tracking sector themes and reporting them to EVP PM, also identifying themes not currently addressed
- Producing reports or strategies enabling the team to focus on areas of market outperformance
- Interact with sell-side analysts, industry contacts, investor relations personnel and senior management of companies to develop an investment thesis on a stock or industry theme
- Conduct maintenance research and reports on business news on portfolio holdings. Analyze companies' earnings reports, including previews and reviews
- Maintain data bases tracking industry research and statistics. Develop and maintain proprietary data tracking industry research files
- Assist EVP PM in tracking and monitoring what sector analysts are working on and helping the EVP PM ensure that work assignments are done in a timely fashion
Qualifications: - Minimum 5+ years' experience on the buy side or equivalent industry training and experiences
- Minimum 5+ years working experiences within the consumer sector
- A knowledge of companies with the potential to disrupt and grow within their industry
- Proven quantitative and qualitative analytical capabilities including financial modeling, industry and product analysis and report writing
- Excellent communication skills, both written and oral
- High level of self-motivation and work ethic along with the ability to complete assignments quickly and accurately
- Ability to work in a team-oriented fast-paced environment both while being able to prioritize projects
- Positive attitude with a willingness to attack challenging intellectual problems
- Strong competitive spirit and desire to succeed
- Undergraduate degree in a finance, science, mathematics, engineering, liberal arts or an equivalent combination of training and experience
- Strong undergraduate GPA with strong accounting and finance skills
- CFA preferred
- Base salary anticipated to be $150-175k + discretionary bonus + outstanding benefits
To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page
HERE .
Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.
Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger's policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law ("Protected Characteristic"). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.
E-Verify® is a registered trademark of the U.S. Department of Homeland Security.
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