Equity Research Associate - Industrials / Machinery / E&C

Truist; New York (NY); On-site; USD 166,500 - 203,500; Full time

Job summary

Truist Financial Corporation in New York seeks an experienced equities research professional to create and publish proprietary content and stock recommendations for institutional clients. You will build financial models, conduct macro and company analyses, and coordinate with capital markets, sales and trading to extend research ideas to the client base.

Candidates should have a BA/BS, FINRA licenses (SIE, Series 7, 63, 87, and 86 or CFA II), 5+ years of related work, and strong written and

Qualifications

• BA/BS degree is required.
• Licenses: SIE, Series 7, Series 63, Series 87, Series 86 or CFA II waiver.
• Minimum of 5 years related work experience or academic study beyond BA/BS.
• Mastery of financial and accounting concepts to build deep financial models.
• Advanced written and oral communication and teamwork skills.
• Strong analytical and sales abilities.

Responsibilities

• Create and publish proprietary equity research for institutional clients (Buy/Hold/Sell).
• Conduct due diligence and provide industry expertise for capital markets equity transactions.
• Develop and maintain C-suite client access resources and corporate access events.
• Perform macro, industry, and company analyses; build industry/company models.

Skills

SIE

Series 7

Series 63

Series 87

Series 86 / CFA waiver

5+ years experience

Financial modeling

Communication skills

Analytical skills

Sales skills

Education

BA/BS degree

CFA designation (preferred)

Job description

Job Type: Regular

Language Fluency: English (Required)

Work Shift: 1st shift (United States of America)

Essential Duties And Responsibilities

• Creating and publishing proprietary equity research content in designated industry with stock recommendations (Buy, Hold, Sell) for institutional buy‑side clients.
• Conduct due diligence and provide industry expertise for capital markets equity transactions and initiate C‑suite corporate access resources to institutional equity clients.
• Responsible for initiating C‑suite corporate access resources to institutional equity clients, including non‑deal roadshows, conferences, field trips, bus tours, and conference calls.
• Conduct independent industry assessments and company‑specific research reports.
• Involvement with corporate client relationships at the highest C‑level (CEO, President, COO, CFO, Director of Strategy, etc).

Level‑specific duties

• Works closely with senior analyst in the research production process as well as with the supervisory analysts in the publication process.
• Conducts research at several levels: macro, industry, and individual companies.
• Builds models at the industry and company level, including market and market share forecasts, revenue, EPS, and cash‑flow forecasts.
• Conducts financial and valuation analyses.
• Formulates investment ideas.
• Writes draft research commentary.
• Depending on experience and the needs of the individual analyst, may work closely with Capital Markets, sales, and trading to help leverage the analyst's research product into the institutional client base.
• Depending on experience of the Associate and the needs of the individual senior analyst, may maintain active dialogue with representatives of covered companies.
• May work closely with institutional buy‑side clients to help leverage the analyst's research product, depending on experience and the needs of the individual analyst.

Required Qualifications

• BA/BS degree.
• Licenses required: SIE, Series 7 (or 7 Top Off for those licensed prior to Oct 2019), Series 63, Series 87, and either Series 86 or a FINRA waiver for those who have completed CFA II.
• Minimum of 5 years of related work experience or academic study beyond BA/BS.
• Mastery of financial and accounting concepts to facilitate creation of in‑depth financial models.
• Advanced written and oral communication skills and teamwork ability.
• Strong analytical and sales skills.

Preferred Qualifications

• Advanced degree and/or CFA designation.
• 6+ years of related work experience.
• Experience in mentoring and coaching.
• The annual base salary for this position in New York is $185,000.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax‑preferred savings accounts, and a 401(k) plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full‑time or part‑time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non‑temporary position for which you apply, based on full‑time or part‑time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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