Associate, Equity Research - Utilities

KeyCorp; New York (NY); Hybrid; USD 96,000 - 181,000; Full time

Job summary

KeyBank—Equity Research (Utilities) in New York works with senior analysts to prepare and execute analyses of assigned industry groups and securities.

The Associate assists in collecting data, building financial models, and formulating investment opinions. Requires 4+ years in financial analysis, a business/finance degree, and FINRA licenses. Hybrid work and competitive compensation are offered.

Qualifications

• Bachelor's degree in business, accounting, finance required.
• 4+ years of analytical or financial experience in a relevant role required.
• Corporate financial modeling experience required.
• FINRA Series SIE, 7, 63, 86, 87 licenses required.
• Strong written and verbal communication skills essential.
• Experience with Bloomberg, CapIQ, Excel and Access is preferred.

Responsibilities

• Collecting, evaluating, and applying financial data on economies and markets for research on specific industries and equities.
• Analyzing and synthesizing data and presenting trends and ideas for investment opportunities.
• Formulating and issuing opinions and recommendations on securities within industry groups.
• Preparing reports and financial models to support investment policy and recommendations.
• Interviewing executives and building sources of information for analyses.
• Maintaining databases and supporting firm publications and presentations.

Skills

Financial modeling

Equity research

Financial data analysis

Bloomberg CapIQ

Excel Access

Strong communication

Education

Bachelor's degree in business, accounting, finance

3 senior level accounting/financial analysis courses

Tools

Bloomberg

CapIQ

Excel

Access

Job description

Location

1301 Avenue of the Americas, New York New York

Job Summary

The Associate, Equity Research - Utilities is a part of the KeyBanc Capital Markets (KBCM) team and works closely with senior research professionals to assist in preparing and executing analyses of an assigned industry group, individual companies, and their securities.

Essential Functions

• Collecting, evaluating, and applying statistical and financial data on the economy and financial markets, specifically with respect to researching common stocks within specific industries.
• Analyzing and synthesizing researched data and presentation of trends and ideas with regard to business opportunities and investment decision making processes.
• Formulating and issuing opinions and recommendations on securities and companies in one or more industry groups.
• Preparing reports, opinions, recommendations, and statistical data, including assisting in financial statement modeling, for use in the formulation of the investment policies and/or recommendations of the firm.
• Answering inquiries from firm personnel regarding individual securities or industry groups.
• Prepares studies and other data for firm publication issued to the general public.
• Preparing and disseminating special studies, models, forecasts, and/or presentations to furnish information to the Syndicate or Investment Banking groups on security offerings and underwriting.
• Interviewing company executives or industry leaders to develop and maintain sources of information in preparation of analyses.
• Maintaining company databases using spreadsheets and database software.
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice.
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.

Education

Bachelor's Degree in business, accounting, finance, or a related field or completion of no less than 3 senior level accounting and/or financial analysis courses (required)

Work Experience

4+ years of experience in an analytical or financial role (required)

Corporate financial modeling experience (required)

Licenses and Certifications

Candidates will be required to complete the FINRA Series SIE, 7, 63, 86, 87 licenses.

Skills

• Strong oral and written communication skills
• Experience with building financial models and equity data manipulation.
• Ability to conduct thorough and independent research and comfort with financial research platforms (Bloomberg, CapIQ, etc.)
• Ability to organize, analyze, and interpret data
• Proficiency with Microsoft Excel and Access
• Strong interest in financial markets and working knowledge of market dynamics and influences.
• Ability to synthesize data and articulate findings through excellent presentation skills.

Core Competencies

All KeyBank employees are expected to demonstrate Key’s Values and abide by Key’s Code of Conduct.

Physical Demands

General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Work Location Category

Hybrid (Sales)

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $96,000.00 - $181,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date

11/02/2026

Equal Opportunity Statement

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [e-mail].

Additional Information

#LI-Hybrid KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.