Associate Director, Analyst

UBS•New York, NY

2d•$178,402 - $180,000

About The Position

UBS Securities LLC is hiring an Associate Director, Analyst for its Analyst team in New York, NY. The role supports the biotech research workflow, from idea generation and financial modeling to producing industry reports, company updates, and initiation-of-coverage pieces. It involves primary research, including physician and patient surveys and expert interviews, as well as evaluating biotech companies, their markets, and potential catalysts. The analyst will develop and maintain valuation and forecasting models, assess clinical and regulatory developments, and build relationships with company management and industry contacts. The role also requires monitoring news and catalysts, communicating research to sales, trading, and institutional clients, and progressively taking on coverage responsibilities for individual stocks based on performance.

Requirements

Master’s degree or foreign equivalent in Biotechnology, Public Health, Neuroscience, Biostatistics, or a related field, plus 2 years of experience in the job offered or as a Senior Associate, Senior Investment Analyst, or in a related occupation; alternatively, a bachelor’s degree or foreign equivalent in one of these fields plus 5 years of such experience.
Experience interpreting clinical trial design, endpoints, statistics, safety and efficacy, mechanism of action (MoA), and standard of care (SoC).
Experience building discounted cash flow, drug-asset revenue, scenario and sensitivity, and sum-of-the-parts (SOTP) models.
Knowledge of FDA pathways, including NDA/BLA, PDUFA, and AdCom, as well as labeling risk and pricing and reimbursement dynamics.
Experience with patient population modeling, incidence and prevalence, uptake curves, penetration, duration, and compliance.
Experience executing primary research, including KOL and physician interviews, survey design, channel checks, and extracting non-consensus insights.
Ability to track catalysts such as data readouts, filings, and FDA decisions and quickly assess their potential stock impact.
Experience benchmarking biotech assets against competitors, including differentiation, trial comparability, and read-through risks.
Ability to translate scientific and financial analysis into a differentiated investment view versus consensus and long/short framing.
Research writing and presentation skills, including preparing initiations and updates with clear narratives, exhibits, and concise client-ready communication.
Stakeholder and client management skills.

Responsibilities

Partner with the Senior Analyst and team across the research workflow, from idea generation through financial modeling.
Produce industry reports, company updates, and initiation-of-coverage pieces.
Design and execute physician and patient surveys.
Conduct expert interviews to assess market dynamics, demand, and growth outlook.
Develop and maintain financial models to evaluate company valuation and forecast performance.
Build and maintain relationships with company management teams and key industry contacts to enhance information flow.
Identify and leverage differentiated, value-added, and non-traditional data sources.
Monitor news flow and upcoming catalysts, highlighting events with potential stock-moving impact.
Engage regularly with sales, trading, and institutional clients.
Progressively assume coverage responsibilities for individual stocks based on performance.