Equity Research Associate - REITs

Truist Wealth; New York (NY); On-site; USD 144,000 - 176,000; Full time

Benefits offered by this job

Medical, dental, vision

401k plan

Paid vacation & sick days

Pension option

Job summary

Truist Wealth in New York is seeking an experienced equity research professional to publish proprietary content and provide sector expertise for institutional clients. You will build industry and company models, draft research commentary, and coordinate with Capital Markets and Sales to leverage research products.

The role requires a BA/BS, multiple FINRA licenses, 4+ years of related experience, and strong communication and analytical skills.

Qualifications

• BA/BS degree required.
• Licenses: SIE, Series 7 (or prior to Oct 2019), Series 63, Series 87, Series 86 or CFA II waiver.
• Minimum of 4 years of related work experience.
• Mastery of financial and accounting concepts for in-depth models.
• Advanced written and oral communication and teamwork.
• Strong analytical and sales skills.
• Proven ability to work well in a fast-paced, team-oriented environment.

Responsibilities

• Publish proprietary equity research content with stock recommendations to institutional clients.
• Conduct due diligence and provide industry expertise for capital markets equity transactions.
• Initiate C-suite corporate access resources for institutional clients (non-deal roadshows, conferences, field trips).
• Conduct independent industry assessments and company research reports.
• Engage with high-level corporate relationships (CEO, President, CFO, etc).
• Collaborate with senior analysts in research production and publication processes.
• Build industry and company models with forecasts and valuations.
• Perform financial and valuation analyses and develop investment ideas.
• Write research commentary drafts and support equity product utilization by sales/trading.

Skills

Analytical skills

Communication

Teamwork

Sales skills

Education

BA/BS degree

SIE license

Series 7

Series 63

Series 87

Series 86 or CFA II waiver

CFA II (in progress)

Job description

Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)

ESSENTIAL DUTIES AND RESPONSIBILITIES

Publish proprietary equity research in industries aligned to the firm's Banking sectors exhibiting the firm's expertise in the sector.

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

Level-specific duties

1. Works closely with senior analyst in the research production process as well as with the supervisory analysts in the publication process.
2. Conducts research at several levels: macro, industry and individual companies
3. Builds models at the industry and company level, including market and market share forecasts, revenue, EPS, and cash flow forecasts at the company level.
4. Conducts financial and valuation analyses.
5. Formulates investment ideas.
6. Writes draft research commentary.
7. 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.
8. Depending on experience of the Associate and the needs of the individual senior analyst, may maintain active dialog with representatives of covered companies.
9. May work closely with institutional buyside clients to help leverage the analyst's research product, depending on experience and the needs of the individual analyst.

Required Qualifications

1. BA/BS degree
2. Licenses Required: the SIE and the 7 Top Off (or Series 7 for those licensed prior to October 2019), Series 63, Series 87 and either the Series 86 or a FINRA waiver for those who have completed CFA II.
3. Minimum of 4 years of related work experience
4. Mastery of financial and accounting concepts to facilitate the creation of in-depth financial models.
5. Advanced written and oral communication skills and teaming ability.
6. Strong analytical and sales skills
7. Proven ability to work well in a fast-paced, team-oriented environment

Preferred Qualifications

1. Working towards CFA Designation.
2. 4+ years of related work related experience - The annual base salary for this position in New York is $160,000

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 401k 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.
• 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. EEO is the Law E-Verify IER Right to Work About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.