Research Analyst

Goldman Sachs Bank AG; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

Goldman Sachs in New York, NY is seeking a Life Insurance Associate to advance the Global Investment Research franchise. You will develop sector expertise, build and maintain complex financial models, and produce impactful research for institutional clients and internal stakeholders.

The role requires strong accounting/finance knowledge, excellent communication, and proficiency with Excel and market data tools. A collegial, deadline-driven team environment is expected.

Qualifications

• Strong quantitative skills with a foundation in accounting and corporate finance.
• Excellent verbal and written communication, with ability to explain complex financial concepts clearly.
• Advanced Excel and market data tools experience (FactSet, Bloomberg, Reuters) preferred.
• Meticulous attention to detail; able to deliver institutional-grade work under tight deadlines.

Responsibilities

• Work with Senior Analyst and Insurance Research team to develop deep sector expertise in Life Insurance products, regulatory frameworks, and actuarial concepts.
• Build, update, and maintain integrated financial models and valuation frameworks for covered companies.
• Interpret regulatory filings, macroeconomic indicators, and industry trends to generate actionable insights.
• Contribute to writing and production of fundamental research reports, including earnings previews/reviews and deep dives.
• Respond to ad hoc inquiries from institutional clients, equity sales, trading desks, and investor relations teams.
• Collaborate with Global GIR teams to share insights and support cross-sector research initiatives.

Skills

Analytical rigor

Communication excellence

Excel proficiency

Attention to detail

Team collaboration

Education

Bachelor's degree in finance/related field

Tools

FactSet

Bloomberg

Reuters

Job description

Global Investment Research, Equity Research, Life Insurance Associate location_on New York, NY, United States

Global Investment Research

From macroeconomic forecasts to individual stock analysis, our team develops tools and insights to help shape investment strategies for clients and the firm. Our analysts work on client-focused research in the equity, fixed-income, currency, and commodities markets, mining big data that enters markets around the world each day to identify game-changing insights. You’ll be part of a team that is intellectually curious, creative, analytical, and passionate about performing market research.

Key Responsibilities

Working closely with the Senior Analyst and other members of the Insurance Research team, the Associate will:

• Develop Deep Sector Expertise:Build and maintain a comprehensive understanding of the Life Insurance sector, including product structures (e.g., annuities, universal life, term), regulatory frameworks, and actuarial concepts.
• Architect & Maintain Financial Models:Build, update, and rigorously maintain detailed, integrated financial models (Income Statement, Balance Sheet, Cash Flow) and valuation frameworks for covered companies.
• Analyze Complex Data Sets:Interpret regulatory filings (including statutory filings and GAAP/LDTI disclosures), macroeconomic indicators, and industry trends to generate actionable insights.
• Draft High-Impact Research:Contribute significantly to the writing and production of fundamental research reports, including quarterly earnings previews/reviews, company-specific deep dives, and thematic industry pieces.
• Support the Franchise:Respond efficiently to ad hoc inquiries from institutional clients, the equity sales force, trading desks, and company investor relations teams.
• Collaborate Globally:Partner with broader GIR teams to share insights, leverage data analytics tools, and contribute to cross-sector research initiatives.

Basic Qualifications

• Analytical Rigor:Exceptional quantitative and analytical skills, with a strong foundation in accounting and corporate finance.
• Communication Excellence:Outstanding verbal and written communication skills, with the ability to articulate complex financial concepts clearly and concisely.
• Technical Proficiency:Advanced mastery of Microsoft Excel; experience with market data tools (e.g., FactSet, Bloomberg, Reuters) is highly preferred.
• Detail Orientation:Meticulous attention to detail and a commitment to delivering institutional-grade work under tight deadlines.
• Team-First Mindset:Strong collaborative spirit, with a focus on supporting the collective goals of the research franchise.

Preferred Qualifications

• Experience:Minimum 2+ years of relevant experience in equity research, investment banking, actuarial consulting, rating agencies, or corporate finance within the insurance industry.
• Product & Accounting Knowledge:Solid working knowledge of Life Insurance products, reserve analysis, and insurance-specific accounting standards (GAAP, Statutory, and LDTI).
• Franchise Focus:A professional who is energized by the challenge of building world-class models and research infrastructure, and who is committed to a collaborative, long-term associate career path.
• Agility:Ability to multi-task, prioritize effectively, and take initiative in a fast-paced, dynamic market environment

About Goldman Sachs

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range
The expected base salary for this New York, NY, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.