YES SECURITIES

The Corporate Institute; Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

The Corporate Institute, Mumbai, is seeking an institutional equity research Associate to support a Lead Analyst covering Banking and non-lending Financials for Indian equity markets.

Candidates with experience in institutional equity research and a top-tier MBA/PGDM or CA with strong marks are preferred. The role involves data collection, financial modelling, responding to client requests, and preparing takeaways from company calls.

Qualifications

• Experience in institutional equity research is preferred.
• Strong academic background with top grades in MBA/PGDM or CA.

Responsibilities

• Collate and maintain databases from primary sources and regulators.
• Build and maintain financial models for coverage universe.
• Handle client requests and prepare company call takeaways.

Skills

Equity research

Financial modelling

Data gathering

Client communication

Sector knowledge

Education

Tier 1 MBA/PGDM

CA (ranking)

Tools

Bloomberg

Capitaline

Job description

Short job description:

• This is an institutional equity research Associate role reporting into the Lead Analyst covering the Banking and Non-lending Financials sectors for Indian equity markets.
• Candidates who are already in the same role, i.e. tracking the said sectors in Institutional Equity Research desks, would be preferred. Strong educational background such as Tier 1 MBA/PGDM or ranker CA / first attempt with good marks will be appreciated.
• The job entails collating and maintaining databases, building and maintaining financial models, working on client requests, writing takeaways on company calls and pointers on stocks and carrying out other support tasks for the lead analyst.
• For the candidate who demonstrates loyalty and a strong learning curve, 12-18 months down the line, we will also allocate the higher responsibility of calling select institutional clients, which include mutual funds and insurance companies, while continuing to fulfil responsibilities towards the Lead Analyst.
• The unique aspect of this job opening is that it offers the most diverse experience to be had in the BFSI sector as the role includes tracking the banking, life insurance, general insurance, asset management and fintech segments.

Full job description:

• The coverage universe of the Lead Analyst includes all leading banks such as ICICI Bank, HDFC Bank, State Bank of India and Axis Bank. It also includes leading life insurance companies such as ICICI Prudential Life and SBI Life, India’s leading general insurer, ICICI Lombard, leading asset managers such as Nippon AMC and HDFC AMC and leading fintech company, Paytm. To that extent, working with the Lead Analyst will bring a diverse wealth of experience for the Associate, which will enhance the value of his resume.
• Candidates who are already in the same role, i.e. tracking the said sectors in Institutional Equity Research desks, would be preferred. Strong educational background such as Tier 1 MBA/PGDM or ranker CA / first attempt with good marks will be appreciated.

The job itself entails:

• 1. Collating and maintaining databases – Timely and accurate collection of data from primary sources such as company documents, regulator websites such as that of the RBI, IRDAI and AMFI, database softwares such as Bloomberg and Capitaline.
• 2. Building and maintaining financial models – Preparing financial models on companies from scratch, which would contain historical and forecasted balance sheet, P&L and cash flow statement with all relevant assumptions, historical and forecasted quarterly data and residual income or DCF valuation sheets.
• 3. Working on client requests – Client requests could vary from data collection tasks to preparing write-ups on companies to other requirements.
• 4. Writing takeaways on company calls and pointers on stocks – Writing skills will be hugely valued and would require a simultaneous knowledge of the subject along with an ability to express oneself in a professional way in the written word. Writing takeaways on company result calls in a timely manner will be a highly appreciated skill.
• 5. Client calling – For the candidate who demonstrates loyalty and a strong learning curve, 12-18 months down the line, we will also allocate the higher responsibility of calling select institutional clients, which include mutual funds and insurance companies, while continuing to fulfil responsibilities towards the Lead Analyst.