Senior Healthcare Analyst

About the role

Ager is seeking an experienced Senior Healthcare Investment Analyst to support fundamental research across the healthcare sector for the firm’s long/short equity strategies. This role is designed for a seasoned generalist analyst with broad healthcare exposure who can contribute independently while continuing to grow within Alger’s collaborative, research-driven investment platform.

Responsibilities

• Conduct in-depth fundamental research across healthcare subsectors, including pharmaceuticals, healthcare services, medical devices, life science tools, and diagnostics, with some exposure to biotechnology
• Analyze financial statements, business models, competitive positioning, and industry dynamics to develop differentiated long and short investment theses
• Build, maintain, and update detailed financial and valuation models to support investment decisions
• Prepare clear, concise internal research notes and investment memoranda
• Support portfolio construction and ongoing monitoring through coverage of existing holdings, earnings analysis, and thesis updates
• Track healthcare sector themes, regulatory developments, and industry trends, and communicate insights to the investment team
• Identify key risks, catalysts, and inflection points across covered companies
• Work collaboratively with portfolio managers and other investment professionals in a team-oriented, idea-driven environment
• Demonstrate increasing ownership of coverage responsibilities over time, with the opportunity to expand depth, breadth, and impact
• Contribute to a culture of intellectual rigor, accountability, and continuous improvement

Qualifications

• Undergraduate degree required in finance, economics, engineering, mathematics, science, or a related field
• MBA and/or CFA designation preferred but not required
• Cumulative GPA of 3.0 or above required in a 4.0 scale
• 5–7+ years of buyside investment experience, with a strong emphasis on fundamental equity research
• Minimum 5–6 years of experience in a long/short equity investing environment, with demonstrated accountability for idea generation and coverage
• Broad healthcare generalist coverage experience required, with comfort covering non-biotechnology subsectors including pharmaceuticals, healthcare services, medical devices, and life science tools
• Some familiarity with biotechnology highly preferred, including an understanding of key concepts, development pipelines, and regulatory considerations, though a dedicated biotech background is not required
• Familiarity with biotechnology concepts, pipelines, and regulatory frameworks strongly preferred
• Proven experience developing and maintaining differentiated long and short investment theses

Skills

• Strong fundamental research capabilities, including financial statement analysis, valuation, and modeling
• Strong fundamental research and analytical skills, including financial modeling, valuation, and industry analysis
• Ability to operate as a healthcare generalist, covering multiple subsectors and business models effectively
• Comfort evaluating a wide range of healthcare companies, including regulatory, reimbursement, and scientific considerations
• Excellent written and verbal communication skills, with the ability to clearly articulate investment ideas
• High level of self-motivation, intellectual curiosity, and disciplined work ethic
• Strong organizational skills and ability to manage multiple coverage responsibilities in a fast-paced environment
• Collaborative mindset with confidence to express independent views and challenge assumptions constructively

Pay

$250,000-$300,000 base salary plus discretionary bonus per performance

Benefits

• Comprehensive personal wellness program
• Various ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans, and more
• Life management programs including paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program, and helpful employee assistance programs