Research Associate, Healthcare

About the role

We are seeking an Equity Research Associate (RA) to join our Global Industry Research Healthcare Team. The ideal candidate will be a self-directed, intellectually curious team player with a strong interest in medical device, life sciences tools and diagnostics as well as broader health care investing.

Responsibilities

• Maintaining industry and comparative valuation models across medical device, diagnostics, and life science tools companies;
• Building and maintaining company financial models with a focus on product-level forecasting, procedure volumes, pricing, reimbursement, margin trends, and adoption curves;
• Assessing commercial opportunity, product differentiation, regulatory pathway, reimbursement dynamics, and adoption risk for new and existing medical technologies;
• Analyzing clinical data, FDA and international regulatory developments, procedure and utilization trends, hospital and physician purchasing dynamics, and other industry datasets to evaluate company fundamentals and competitive dynamics;
• Performing ongoing due diligence across the global MedTech, Tools, and Diagnostics landscape, identifying emerging investment opportunities and key risks across established and disruptive categories;
• Executing complex analytical projects that leverage alternative data, AI, and other tools under tight time constraints;
• Staying abreast of relevant company, clinical, regulatory, reimbursement, and industry materials, including product launches, guideline changes, reimbursement updates, conference proceedings, and scientific publications;
• Contributing to idea generation across both long and short investment opportunities.

Essential Skills

• Analytical acumen and passion for markets;
• Strong financial modeling skills and the ability to analyze clinical, commercial, regulatory, reimbursement, and financial datasets, while leveraging AI and data tools to drive deeper and more efficient research;
• Experience modeling product portfolios, procedure volumes, utilization trends, pricing, margins, and adoption curves is highly valued;
• An intellectual curiosity and a passion for understanding the drivers of MedTech, Tools and Diagnostics innovation;
• Judgment and investment focus;
• Superior collaboration skills;
• A growth mindset.

Qualifications

• A minimum of 3 years of relevant investment experience;
• Prior experience in healthcare or MedTech, Tools or Diagnostics equity research, ideally in a buy-side or sell-side research associate role;
• Experience analyzing medical device, diagnostics, or life science tools companies, including procedure volumes, utilization trends, industry datasets, clinical data, regulatory pathways, and reimbursement dynamics is preferred;
• Financial modeling experience, including valuation frameworks for medical device, diagnostics, and tools healthcare companies;
• Understanding of long/short investing concepts and risk management approaches is beneficial;
• Strong analytical and problem-solving abilities;
• A sound judgment, strong work ethic, and the highest level of personal and professional integrity;
• An ability to work independently and make decisions in the face of uncertainty;
• Strong organizational skills and attention to detail;
• Excellent written and verbal communication skills;
• Superior academic credentials; an undergraduate degree is required.