Research Analyst

Birla Carbon; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading investment advisory firm in Mumbai is seeking a Research Analyst to perform quantitative and qualitative analyses for investment recommendations. You will build and maintain large databases, generate insightful reports, and assist the investment team in making informed decisions. The ideal candidate must possess strong financial analysis and equity research skills while having good interpersonal abilities for minor client interactions. Competitive compensation and growth opportunities are offered.

Qualifications

• Strong financial analysis skills necessary to assess investment potential.
• Experience in equity research is vital.
• Good interpersonal skills due to some client interaction.

Responsibilities

• Build and maintain large datasets from vendors.
• Analyze complex data to generate reports.
• Disseminate research findings to assist investors.

Skills

Financial analysis

Equity research

Interpersonal skills

Tools

Bloomberg

Reuters

Cline

Job description

At the Aditya Birla Group, our Corporate Vision is aligned and intricately woven with our People Vision.

Research Analyst

Designation : Manager

Job Description:

Job Purpose

To recommend and advise investors for various investment ideas from medium to long term perspective by doing quantitative and qualitative analysis of listed companies. To contribute to the team activities in generating investment ideas, creating and maintaining large and complex databases, help in preparing various reports like strategy note, morning note, weekly market updates. These activities will help in driving sales and information dissemination to investors and sales force.

Aditya Birla Money Ltd. (ABML) is primarily a Broking Company, deals in Equity, Commodity & Currency. Workforce of ~800 spread across ~40 locations with customer base of in excess of 3 lacs. Commodity operations are managed through its 100% subsidiary Aditya Birla Commodities Broking limited. ABML is one of the leading securities trading companies in the country. ABML operates in a fragmented equity broking business and has a daily turnover of close to 3,000 Crores with a market share of 1%. ABML works in a highly regulated environment with a host of regulators like SEBI, RBI, AMFI, FMC, IRDA etc. regulating its day to day operations. In addition to the regulator ABML is also subject to close monitoring and inspection through various agencies like NSE / BSE / NCDX / MCX / NSDL / CDSL etc. ABML also operates in a highly competitive market mainly in fragmented industry with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL etc. and a range of local Broking outfits.

Majority of the broking houses have set up in-house research team that scans companies and stocks as well as analyse macro-economic scenario that impacts the stock market. The Research team at the Fundamental side values the securities based on the growth prospects and attractiveness of the underlying business. It involves analyzing the financials, competitive advantages of the business, quality of management and competitive environment it operates in among other factors. The theory of Research revolves around the fact that the market price of an asset may deviate from its fair value in short term due to extraneous factors such as market trends or investor sentiments, but will tend to move towards its intrinsic value over the long term.

The key responsibilities of Sr. /Research Analyst are:

• Build large databases by extracting and collating appropriate datasets from data vendors like Bloomberg, Reuters, Cline, etc.
• Analyse large and complex databases of macro and micro information and create well-structured reports.
• Disseminate research reports/output to investors/clients helping them take investment decisions.
• Provide research support and inputs for consumption by the investment team in building portfolios and prepare reports/advisory for the clients.
• Work on and generate investment ideas so as to capture maximum gains out of it.

The primary challenges faced are:

• Find investible ideas based on rigorous analysis of data/information sourced from quality database available in the market within a sector, given different risk return profiles and competitive advantages of various companies within a sector.
• In a constantly moving and changing environment, stay abreast with latest updates in a sector and the companies within it, so as to take nimble investment decisions.
• Clearly communicate the investment thesis for a company/sector in a manner which clearly highlights the investment case and arguments so that the investment team/investors can take an informed investment decision.
• Take relative investment calls when absolute opportunities are more than what can be accommodated in the portfolio.

Critical Skillsets:

The individual must have a strong knack for financial analysis and equity research. The role involves minor level of client interaction and hence good interpersonal skills are desirable.

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

KRA1 To be able to build, maintain and analyze large and complex databases of macro and micro information:

• Build large databases by extracting/collating appropriate datasets from data vendors like Bloomberg, Reuters, Cline, etc. and organize the data into sub-heads (viz. macros / micros / sectoral / valuations).
• Understand the growth trends of the industry by analysing parameters affecting the dynamics of the industry.
• Analyze data using top-down approach (international asset class level, country level and sector level) and also on a bottom up basis on assigned sectors to come up with investment ideas for the investment team and clients.

KRA2 To be able to conduct quantitative and qualitative analysis of the companies of specific sectors and participate in team research activities:

• Analyze companies/sectors using tools like ratio analysis, time series and cross sectional analysis, so as to make a judgment regarding investment potential of the various sectors and the companies within various sectors.
• Read relevant materials from the industry body and participate in industry conferences to maintain the sharpness in investment analysis.
• Meet the managements of a company and understand the key trends in the sector, the company and its future plan.
• Project the earnings of the company in medium and long term.

KRA3 To be able to disseminate research based output to investors/clients helping them take investment decisions:

• Prepare an investment argument based on the findings of the analysis and help the investment team build a portfolio as per the risk/return framework of the investor.
• Contribute to various products which require team efforts like strategic investment report, morning report, morning sales note, concalls, weekly report.
• Increase the visibility of the research team by contributing articles to various media reports.

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