Equity Research Analyst, Private Placements

We need to output HTML fragment with sections: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Only include sections where there is real specific content. The posting includes Overview (description), What You’ll Do (responsibilities), What We're Looking For (requirements/qualifications/skills). There's no explicit Benefits, Pay, Schedule. Also there is a line about Visa Sponsorship not available. That's a detail but not a benefit. Also there is a paragraph about Susquehanna (company description) maybe part of About the role? Actually the posting includes "Overview Heights Capital Management..." then "What You'll Do", then "What We're Looking For", then "Nice to have CFA progress..." then "About Susquehanna". The "About Susquehanna" seems like company description, maybe part of About the role? The instruction: use

for section headings (e.g. About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule). So we need to map content accordingly. We have: - About the role: could be the Overview paragraph describing the role and company. Also maybe the Susquehanna description is about the firm, but the role is at Heights Capital Management, but then they mention Susquehanna? Actually the posting seems to be from Susquehanna? The text: "Overview Heights Capital Management (Heights) manages investments..." then later "About Susquehanna Susquehanna is a global quantitative trading firm..." This seems like they are describing the parent company? Might be a mistake. But we should include substantive info: Overview of Heights and maybe About Susquehanna as company description. We'll combine into About the role section. - Responsibilities: What You’ll Do bullet points (list). We'll convert each bullet to

inside

. - Requirements: What We're Looking For includes experience, skills, etc. Could be split into Requirements, Qualifications, Skills. But we need to decide. The instruction: prefer a few substantive sections over many thin ones. So we could combine Requirements and Qualifications into one section? But they listed possible headings: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We need to include a section only when posting has real specific content for it. We have content for Requirements (experience), Qualifications (maybe education? not present), Skills (specific skills). The posting includes: "2 to 5 years in equity research, investment banking (ECM), a buy-side analyst seat, or transaction advisory." That's experience requirement. "Strong accounting and modeling skills, and fluency reading SEC filings in detail." That's skill. "Working knowledge of how PIPEs, registered directs, ATMs and warrant transactions function." skill. "Direct deal experience is a plus." qualification? "Comfort operating on deal timelines..." skill. "High integrity and discipline..." skill/attribute. "Excel and Bloomberg proficiency." skill. "SQL or Python is a plus..." skill. "Visa Sponsorship for work authorization is not available..." that's a note. "Nice to have CFA progress or completion" qualification? "Experience valuing options, warrants or convertible" skill. Thus we can have sections: Requirements (experience), Skills (technical and soft skills), Qualifications (maybe CFA progress). But we might combine Requirements and Qualifications into one if thin. However we have enough for each. We'll create:

About the role

with paragraphs: Overview of Heights Capital Management and About Susquehanna.

Responsibilities

with
• ... each bullet.

  Requirements

  with

  2 to 5 years in equity research, investment banking (ECM), a buy-side analyst seat, or transaction advisory.

  Skills

  with
  • Strong accounting and modeling skills, and fluency reading SEC filings in detail.
  ... etc.

  Qualifications

  with

  Nice to have CFA progress or completion.

  maybe also direct deal experience is a plus? Could be qualification. We need to preserve all substantive information; do not invent or summarize away detail. So we must include all bullet points from What You’ll Do and all points from What We're Looking For and Nice to have CFA progress, Visa Sponsorship note, etc. We must not include boilerplate like cookie/navigation/legal/EEO etc. There's none. We must not repeat job title as heading. We must not put Job ID/requisition numbers as headings. We must not create Pay/Schedule/Benefits sections unless posting actually states them. It does not, so omit. We must not emit heading followed by filler/placeholder text. So ensure each section has real content. Now produce HTML fragment. Let's list responsibilities bullets exactly as in text: - Identify potential investments - Screen US-listed companies for capital need using cash runway, burn rate, shelf and ATM capacity, upcoming catalysts and trading liquidity. - Monitor SEC filings (e.g. 10-Q, 10-K, 8-K, S-3, 424B5), sell-side research, news flow and banker deal flow to keep a live pipeline of candidates. - Develop and maintain the desk's watchlist and candidate tracker, and help refine the screening tools behind it. - Support reverse-inquiry outreach by preparing company one-pagers - Prepare due diligence - Build and maintain financial models covering runway, dilution, capital structure and warrant or convertible scenarios under different pricing outcomes. - Analyze management track record, prior financings and their terms, competitive position, and, for healthcare names, the clinical and regulatory picture. - Write concise investment memos with cited sources and exact figures, and present recommendations to the desk. - Join management and banker calls, track open questions through to answers, and coordinate with legal and compliance on wall-cross and restricted-list status. - Support portfolio companies - Monitor positions for catalysts, earnings, filings and cash position, and flag changes that affect our thesis or our securities. - Maintain relationships with management and investor-relations teams as an ongoing point of contact. - Evaluate follow-on financing requests, warrant amendments and exercise decisions, and track registration rights and covenant terms. - Prepare periodic portfolio reviews and ad hoc analysis for the desk. We need to preserve the hierarchy? The original had headings Identify potential investments, Prepare due diligence, Support portfolio companies with sub-bullets. We could keep as nested lists or just flat list. The instruction: Use
  • for any list of duties/requirements/benefits. It doesn't forbid nested lists. We'll keep structure: outer
    for each major heading? Could do
    • Identify potential investments
      ... etc. That's acceptable. Now skills list: extract each bullet from What We're Looking For and Nice to have. List: - 2 to 5 years in equity research, investment banking (ECM), a buy-side analyst seat, or transaction advisory. (this is requirement, but we put in Requirements section) - Strong accounting and modeling skills, and fluency reading SEC filings in detail. - Working knowledge of how PIPEs, registered directs, ATMs and warrant transactions function. - Direct deal experience is a plus. - Comfort operating on deal timelines, where a decision can be needed within a day. - High integrity and discipline around material non-public information and wall-cross restrictions. - Excel and Bloomberg proficiency. - SQL or Python is a plus, as is an interest in automating repetitive parts of the process. - Visa Sponsorship for work authorization is not available for this position now or in the future. - Nice to have CFA progress or completion - Experience valuing options, warrants or convertible Note: The last line "Experience valuing options, warrants or convertible" seems truncated: "Experience valuing options, warrants or convertible". Probably missing "SEC". We'll keep as is. Now About the role: combine Overview and About Susquehanna. Overview paragraph: "Heights Capital Management (Heights) manages investments directly in publicly traded companies, typically through negotiated transactions: PIPEs, registered directs, confidentially marketed offerings, convertibles and warrant-linked structures. As an analyst at Heights, you will have a variety of responsibilities including identifying companies likely to raise capital, building the diligence to enable investment managers to accurately outline risks related to prospective transactions, and updating investment managers on existing portfolio companies. You will work directly with the investment managers from deal inception to pricing. This is a small team so you will be trusted with substantive work quickly." About Susquehanna: "Susquehanna is a global quantitative trading firm powered by scientific rigor, curiosity, and innovation. Our culture is intellectually driven and highly collaborative, bringing together researchers, engineers, and traders to design and deploy impactful strategies in our systematic trading environment. To meet the unique challenges of global markets, Susquehanna applies machine learning and advanced quantitative research to vast datasets in order to uncover actionable insights and build effective strategies. By uniting deep market expertise with cutting-edge technology, we excel in solving complex problems and pushing boundaries together. If you're a recruiting agency and want to partner with us, please reach out to recruiting@sig.com. Any resume or referral submitted in the absence of a signed agreement will not be eligible for an agency fee." We should keep that as part of About the role? It's about the firm, not the role. But we have no other section for company description. Could include as part of About the role. Now produce HTML. We'll wrap sections in maybe not needed. Just output headings and content. Let's craft:

      About the role

      Heights Capital Management (Heights) manages investments directly in publicly traded companies, typically through negotiated transactions: PIPEs, registered directs, confidentially marketed offerings, convertibles and warrant-linked structures. As an analyst at Heights, you will have a variety of responsibilities including identifying companies likely to raise capital, building the diligence to enable investment managers to accurately outline risks related to prospective transactions, and updating investment managers on existing portfolio companies. You will work directly with the investment managers from deal inception to pricing. This is a small team so you will be trusted with substantive work quickly.

      Susquehanna is a global quantitative trading firm powered by scientific rigor, curiosity, and innovation. Our culture is intellectually driven and highly collaborative, bringing together researchers, engineers, and traders to design and deploy impactful strategies in our systematic trading environment. To meet the unique challenges of global markets, Susquehanna applies machine learning and advanced quantitative research to vast datasets in order to uncover actionable insights and build effective strategies. By uniting deep market expertise with cutting-edge technology, we excel in solving complex problems and pushing boundaries together. If you're a recruiting agency and want to partner with us, please reach out to recruiting@sig.com. Any resume or referral submitted in the absence of a signed agreement will not be eligible for an agency fee.

      Responsibilities

      • Identify potential investments
        • Screen US-listed companies for capital need using cash runway, burn rate, shelf and ATM capacity, upcoming catalysts and trading liquidity.
        • Monitor SEC filings (e.g. 10-Q, 10-K, 8-K, S-3, 424B5), sell-side research, news flow and banker deal flow to keep a live pipeline of candidates.
        • Develop and maintain the desk's watchlist and candidate tracker, and help refine the screening tools behind it.
        • Support reverse-inquiry outreach by preparing company one-pagers.
      • Prepare due diligence
        • Build and maintain financial models covering runway, dilution, capital structure and warrant or convertible scenarios under different pricing outcomes.
        • Analyze management track record, prior financings and their terms, competitive position,