Equity Research Associate

Roth Canada; Calgary; On-site; CAD 70,000 - 110,000; Full time

Job summary

Roth Canada is seeking an Equity Research Associate to support a Senior Energy Research Analyst covering Canadian oil and gas producers, including SMID-cap names in the Western Canadian Sedimentary Basin.

The role emphasizes research, data collection, and financial modeling, with opportunities to participate in client calls and corporate access events. Collaboration with a growing team in a dynamic, regulated market.

Qualifications

• Quick learner with keen interest in oil and gas sector.
• University degree in financial or business discipline; technical background a plus.
• CFA designation desired but not required.
• 1–3 years in capital markets, corporate finance, or technical oil & gas role.
• Advanced Excel and financial modeling; ability to build auditable models from scratch.
• Familiarity with geoSCOUT, AssetBook, FactSet or Bloomberg is an asset.
• Strong attention to detail and writing/communication skills.
• Ability to work independently under tight time constraints.

Responsibilities

• Build and maintain detailed operating and financial models including production forecasts and NAV builds.
• Update models with quarterly results, reserve reports, guidance revisions; reconcile variances.
• Extract data from SEDAR+ filings and investor materials; use geo databases.
• Maintain comparable company analyses, price decks, and sector screens.
• Draft sections of initiation reports, earnings notes, and company updates.
• Support analyst on client calls, marketing trips, and events.
• Ensure compliance with CFA standards of practice.

Skills

Advanced Excel

Financial modeling

Writing/communication

Education

BComm or MBA

Engineering or Geology background (plus)

Tools

geoSCOUT

AssetBook

FactSet

Bloomberg

Job description

Are you a demonstrated self-starter? Someone who takes initiative, while eager to learn from an experienced team, that is part of a lean and growing organization located in Toronto, Calgary and Vancouver.

The Organization

Roth Canada is the Canadian affiliate of Roth Capital Partners, regarded as one of the leading underwriters in the United States for small cap and growth equity names. Known for leading corporate access events, including one of the largest investment conferences in the US, Roth Capital Partners has been part of over $66bn in transaction value over the last 5 years, and over 2,400 transactions in the last 30 years. Servicing over 2,000 active institutional accounts, with over 430 companies under research coverage.

Roth Canada was launched in 2021 to support Canadian companies’ growth, helping augment Canadian distribution with a differentiated investor base across the US and internationally. Over that time, we’ve been part of more than 90 transactions for over $3.5bn in transaction value. Today we have offices in Vancouver, Calgary and Toronto.

The Opportunity

Roth Canada is looking to add an Equity Research Associate to support a Senior Energy Research Analyst covering Canadian oil and gas producers: conventional and unconventional E&Ps, oil sands, and royalty companies, with an emphasis on SMID-cap names across the Western Canadian Sedimentary Basin. The Equity Research Associate is responsible for research, client support, data collection, and statistical studies on industries and individual companies and their securities. Through training and on-the-job experience, the Research Associate learns the techniques and develops the skills necessary to research and analyze investment securities and to prepare and present investment recommendations.

Key Responsibilities

• Build and maintain detailed operating and financial models, including quarterly and annual production forecasts by asset and product stream, three-statement financials, and net asset value (NAV) build-ups,
• Update models for quarterly results, reserve reports, guidance revisions, and M&A/A&D transactions; reconcile actuals to estimates and identify variances,
• Extract and interpret data from SEDAR+ filings (MD&A, financial statements, AIFs, NI 51-101 reserve statements), investor presentations, and provincial well and production databases (geoSCOUT & XI AssetBook),
• Maintain comparable company and precedent transaction analyses, price decks, and sector screens,
• Draft sections of initiation reports, quarterly earnings notes, company updates, and industry thematics,
• Support the analyst on client calls, marketing trips, conferences, and corporate access events,
• Comply with guidelines with respect to professional conduct (e.g. CFA institute standards of practice).

Qualifications

• The ideal candidate must be a quick learner with a keen interest in understanding the oil and gas industry from operational, technological, and financial perspectives, as well as a desire to master the art of researching and analyzing data.
• A university degree in a financial or business-oriented discipline (i.e. BComm or MBA). A technical discipline (i.e. engineering or geology) is a plus;
• A CFA designation, or working towards one, is desired but not necessary;
• 1-3 years of experience working in a capital markets, corporate finance and/or a technical oil & gas role;
• Advanced Excel skills and demonstrated financial modeling ability; comfort building formula-driven, auditable models from scratch
• Familiarity with geoSCOUT, AssetBook, FactSet and/or Bloomberg is an asset
• Exceptional attention to detail, plus demonstrated writing/communication skills;
• A commitment to working independently under strict time constraints that requires flexibility with respect to hours, days, and tasks.

Compensation

Roth Canada offers a competitive compensation and benefits package. Compensation will vary depending on your background and experience.