TMT Equity Research Analyst — Australia Coverage

ENGINEERINGUK; Sydney; On-site; AUD 90,000 - 130,000; Full time

Job summary

J.P. Morgan in Sydney is seeking an Analyst to support coverage of a defined TMT universe in the Australian market.

You will partner with senior analysts to produce accurate, timely research through strong accounting-driven financial analysis, forecasting support, valuation maintenance, and high-quality written output. The role emphasizes three-statement modeling, earnings analysis, and maintaining comps, with exposure to KPI tracking and publication drafting under tight deadlines.

Qualifications

• Experience in equity research or a comparable analytical role (audit/accounting, transaction services, valuation, corporate finance, FP&A).
• Strong accounting and disclosure interpretation skills across financial statements and cash flow, including topics common in TMT (revenue recognition/subscriptions, deferred revenue/RPO, capitalization of software/R&D, leases, SBC).
• Strong financial modeling skills (three-statement, forecasting, sensitivities/scenarios) and high attention to detail.
• Clear written and verbal communication; ability to translate analysis into investment-relevant outputs.
• Strong execution and prioritization in deadline-driven cycles (earnings/ AGM / reporting season).
• High integrity and strong understanding of research compliance and market conduct expectations.

Responsibilities

• Maintain and update three-statement financial models; ensure outputs tie-out and assumptions are clear, consistent, and documented.
• Perform earnings and filings analysis with an accounting lens (P&L, balance sheet, cash flow, working capital, capex, leases, SBC, adjustments) and translate results into forecast/estimate updates for senior review.
• Maintain valuation and comps (e.g., EV/Sales, EV/EBITDA, P/E; DCF/SOTP support where applicable) and run sensitivities/scenarios on key drivers.
• Track and analyze TMT KPIs and unit economics (e.g., ARR/NRR, churn, ARPU, subscriber net adds, take rates, utilization/PUE, capex intensity) and highlight inflections, risks, and data quality issues.
• Contribute to research publications (earnings previews/recaps, company updates, thematic work, initiation support) including drafting sections, exhibits, and tables under tight deadlines.
• Monitor newsflow, corporate actions, and regulatory/spectrum developments; summarize implications and recommended actions for thesis/estimates.
• Support internal and external stakeholders (Sales & Trading, Corporate Access, institutional clients) by preparing materials and responding to analytical requests with appropriate supervision.
• Uphold model governance and QA controls (versioning, change logs, checks) to ensure accuracy, auditability, and consistency across the coverage set.

Skills

Equity research

Accounting & financial analysis

Financial modeling

Written & verbal communication

Deadline-driven work

Research compliance

Education

CA/CPA (or progress toward)

CFA (or progress toward)

Tools

ASX data platforms

Market data platforms

Research platforms

Job description

J.P. Morgan in Sydney is seeking an Analyst to support coverage of a defined TMT universe in the Australian market.

You will partner with senior analysts to produce accurate, timely research through strong accounting-driven financial analysis, forecasting support, valuation maintenance, and high-quality written output. The role emphasizes three-statement modeling, earnings analysis, and maintaining comps, with exposure to KPI tracking and publication drafting under tight deadlines.