Research Associate II - Industrials

About the Role

Under general supervision, responsible for providing information, data gathering, analysis, modeling, and organizational support to the senior-level Research Analysts. Has mastered the foundational skills required of an Associate level 1. At this level, assumes significantly more writing and modeling responsibilities. Is responsible for developing a solid understanding of the assigned sector and can clearly state and defend the investment thesis for all stocks in the assigned sector. Must be able to handle basic questions from Sales and Clients and is beginning to represent the associates in internal research presentations.

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, 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, industry questions, and data requests.
• Develop written product with modest direction from the senior-level Research Analyst.
• Evaluate basic valuation methodologies for stocks under coverage and the broader sector.
• Meet the special projects demands of the senior-level Research Analysts.
• Use all resources to determine and locate relevant data.
• Build industry knowledge and develop external sources (management teams, suppliers, and customers), integrating them into the research product.
• Manage a small client contact list and meet the needs of those clients.
• Travel up to 20% by car and/or air for local, regional, and/or national meetings.

Qualifications

• Inductive Reasoning: Ability to combine pieces of information to form general rules or conclusions.
• Critical Thinking: Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Judgment and Decision Making: Consider the relative costs and benefits of potential actions to choose the most appropriate one.
• Time Management: Manage one's own time and priorities to ensure deadlines are met.
• Oral and Written Expression: Ability to communicate information and ideas clearly in spoken or written form.
• Economics, Accounting, Finance, and Securities Analysis: Knowledge of economic, accounting, and financial principles, financial markets, industry analysis, and associated terminology.

Education & Experience

• Minimum Required: Bachelor's degree
• Minimum Required: 2 to 4 years of relevant industry experience and/or proven experience at the Associate I level

Systems & Technology

• Proficient in Microsoft Excel, Word, PowerPoint, and Outlook

Pay

Salary: USD $150,000.00/Yr. - USD $175,000.00/Yr. Actual salaries may vary based on factors such as qualifications, skills, and overall competencies. The base salary is one component of Stifel’s overall compensation package, which includes discretionary bonuses, health benefits, flexible spending accounts, tuition assistance, paid time off, and more. For a comprehensive list of benefits, visit https://www.stifel.com/careers/benefits.

About Stifel

The Stifel Equity Research Group is a recognized leader with a deep and broad spectrum of coverage. Our award-winning analysts are thought leaders, many with hands-on experience in their respective industries, offering objective, in-depth analysis and timely, actionable research ideas. Stifel is a top 10 provider of U.S. equity coverage in multiple sectors, including Aerospace & Defense, Consumer & Retail, Diversified Industrials, Internet & Media, Healthcare, Real Estate, Technology, Transportation, Business Services, Energy & Power, and Materials.