Associate, Equity Research - Utilities

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

Job summary

KeyBank is seeking an Associate in Equity Research - Utilities in New York, joining the KeyBanc Capital Markets team. You will assist senior analysts in preparing analyses of the utilities sector, model financial statements, and develop investment theses.

The role emphasizes data gathering, interviewing industry leaders, and delivering presentations to support investment decisions. The ideal candidate has 4+ years in a financial/analytic role, strong modeling skills, and proficiency with

Qualifications

• Bachelor's degree in business, accounting, finance or related field is required.
• 4+ years of analytical/financial experience required.
• Corporate financial modeling experience required.
• FINRA Series SIE, 7, 63, 86, 87 licenses required.

Responsibilities

• Collect, evaluate, and apply financial data on economies and markets for equities in specific industries.
• Analyze and synthesize data; present trends and investment ideas.
• Formulate opinions and recommendations on securities and companies in one or more industry groups.
• Prepare reports and statistical data for investment policy formulation.
• Interview company executives to develop sources of information for analyses.
• Maintain company databases and assist in modeling and reporting.

Skills

Strong communication

Financial modeling

Independent research

Data analysis

Excel & Access

Market knowledge

Presentation skills

Education

Bachelor's degree in business/finance/accounting

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: 11/08/2026

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].