Research Associate II - Semiconductor

About the Role

Under general supervision, you will provide information, data gathering, analysis, modeling, and organizational support to senior-level Research Analysts. At this level, you will assume significantly more writing and modeling responsibilities, develop a solid understanding of the assigned sector, and clearly state and defend the investment thesis for all stocks in the sector. You will handle basic questions from Sales and Clients and begin representing 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 (e.g., Bloomberg, FactSet).
• 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 and industry data requests.
• Develop written product with modest direction from senior-level Research Analysts.
• Evaluate basic valuation methodologies for stocks under coverage and the broader sector.
• Meet the special projects demands of senior-level Research Analysts.
• Use all resources to determine and locate relevant data.
• Continue building industry knowledge and developing external sources (management teams, suppliers, and customers).
• Integrate external sources into the research product.
• Manage a small client contact list and meet the needs of those clients.
• Travel by car and/or air for local, regional, and/or national trips, up to 20%.

Requirements

• Inductive Reasoning: Ability to combine pieces of information to form general rules or conclusions.
• Critical Thinking: Using logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions, or approaches.
• Judgment and Decision Making: Considering relative costs and benefits of potential actions to choose the most appropriate one.
• Time Management: Managing one's own time and priorities to meet deadlines.
• Oral and Written Expression: Ability to communicate information and ideas so others will understand.
• Knowledge of economics, accounting, finance, and securities analysis principles and practices, financial markets, industry analysis, and reporting of financial data.

Qualifications

• Bachelor’s degree (minimum required).
• 2 to 4 years of relevant industry experience and/or proven experience at the Associate I level.
• FINRA SIE, Series 86, and Series 87 licenses (minimum required).
• Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook.

Pay

Salary range: USD $150,000.00/Yr. - USD $180,000.00/Yr. Actual salaries may vary based on qualifications, skills, and overall competencies.

Benefits

• Discretionary bonuses.
• Health, dental, vision, and prescription insurance offerings.
• Stifel Total Health Connect.
• Flexible spending accounts.
• Tuition and certification assistance programs.
• Paid time off.
• Additional benefits (for a comprehensive list, visit Stifel Benefits).

About Stifel

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