Equity Research Associate (Toronto or Boston)

AGF Investments; Toronto; On-site; CAD 85,000 - 120,000; Full time

Job summary

AGF Investments is seeking an Equity Research Associate to support analysts and portfolio managers through rigorous company and industry research, financial modelling, and valuation analysis. You will contribute to evaluating investment opportunities and communicating findings to support decision-making.

The role offers hands-on experience, mentorship, and exposure to multiple investment disciplines across both buy-side and research discussions.

Qualifications

• Foundational knowledge of financial accounting, financial statement analysis, modelling and equity valuation.
• Experience in equity research, investment management, investment banking, accounting or related analytical role (internships/co-ops accepted).
• Strong Excel and PowerPoint skills; ability to summarize research clearly.

Responsibilities

• Support fundamental equity research to evaluate potential investment opportunities and monitor existing holdings.
• Prepare and maintain financial models, earnings forecasts and valuation analyses.
• Prepare research summaries and earnings updates for internal discussions.
• Analyze financial statements, company results and industry developments and highlight findings.

Skills

Intellectual curiosity

Analytical judgement

Investment research

Excel

PowerPoint

Written and verbal communication

Independent work

Attention to detail

Team collaboration

Education

Undergraduate degree in finance/accounting/economics/mathematics or related discipline

Tools

PowerPoint

Job description

About AGF

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

About AGF

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and alternative investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations. Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 820,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

This vacancy is related to a promotion and can be based out of our Toronto or Boston offices.

Role Purpose

The Equity Research Associate supports analysts and portfolio managers through fundamental company and industry research, financial modelling and valuation analysis. The Associate contributes to the evaluation and monitoring of investment opportunities and communicates research findings to support investment decision-making, while developing investment expertise through hands-on experience and mentorship.

Position Responsibilities

• Support fundamental company and industry research to evaluate potential investment opportunities and monitor existing holdings.
• Prepare and maintain financial models, earnings forecasts and valuation analyses under the guidance of research analysts.
• Prepare research summaries, earnings updates and presentation materials for internal investment discussions.
• Analyze financial statements, company results and industry developments, highlighting key findings and investment implications.
• Maintain company and industry research data, checking information for accuracy and consistency.
• Participate in research discussions and contribute questions and insights to support the team's investment process.
• Monitor company announcements, earnings releases and relevant economic and market developments.

Teamwork

• Collaborate with analysts, associates and portfolio managers to support research activities and shared team objectives.
• Build positive working relationships within and across teams.
• Prioritize tasks effectively and deliver accurate, timely work.

Additional Opportunities

• Build financial modelling and valuation expertise through hands-on research alongside experienced analysts.
• Gain exposure to other investment disciplines, including fixed income, through collaboration across investment teams.
• Participate in investment-related meetings, including macroeconomic discussions and idea-generation sessions with portfolio managers, equity analysts and fixed income analysts.
• Develop financial research skills through buy-side experience and access to sell-side research reports.
• Receive ongoing mentorship and feedback to support learning and career development.

What You Bring

Skills and Experience

• Intellectual curiosity, sound analytical judgement and a demonstrated interest in investing.
• Foundational knowledge of financial accounting, financial statement analysis, modelling and equity valuation.
• Relevant experience in equity research, investment management, investment banking, accounting or a related analytical role, including experience gained through internships or co‑op placements.
• Strong Excel skills and proficiency in PowerPoint are required.
• Strong written and verbal communication skills, including the ability to summarize research findings clearly and concisely.
• Ability to work independently on assigned tasks and collaboratively within an investment team.
• Strong attention to detail and the ability to manage competing priorities and meet deadlines.

Education

• A completed undergraduate degree in finance, accounting, economics, mathematics, engineering or a related discipline, or equivalent relevant experience.

Compensation

The anticipated base salary range for this role is CAD $85,000 - $120,000 annually. Where applicable, variable compensation components (e.g., annual bonus, commissions, etc.) will exceed this range. Actual compensation will be determined based on many factors such as role location (Boston will be in USD), candidate experience / qualifications, market conditions, and internal equity.

AGF aims to offer a comprehensive and competitive total rewards package designed to support the success and well-being of our employees, which may include a combination of base salary, variable compensation, benefits, and retirement savings plans.

No unsolicited agency referrals please.

AGF is an equal opportunity employer committed to fostering an inclusive and accessible workplace. We welcome and encourage applications from individuals of all backgrounds, including women, Indigenous peoples, racialized persons, persons with disabilities, and members of the 2SLGBTQIA+ community.

We do not discriminate on the basis of race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital status, family status, disability, or any other status protected by applicable legislation.

We are committed to providing reasonable accommodations for applicants with disabilities throughout the recruitment process. If you require accommodation at any stage of the application or hiring process, please contact us at [e-mail] so that appropriate arrangements can be made.

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