Associate Portfolio Manager / Research Analyst

Level Four Group, LLC•Dallas, TX

About The Position

The Associate Portfolio Manager / Research Analyst supports the management of Level Four Capital Management’s proprietary investment strategies through fundamental research, portfolio analysis, and investment communication. The role works closely with the CIO and investment team across LFCM’s equity strategies and is designed to develop the candidate into a future Portfolio Manager through progressively greater responsibility for research coverage, portfolio decisions, and client-facing communication. The position offers a defined path toward a Portfolio Manager role. As the Associate demonstrates research quality, judgment, and communication skills, responsibilities expand to include lead coverage responsibility for sectors or a strategy sleeve, increased input into buy/sell and position-sizing decisions, a primary role in client, prospect, and advisor communication, and participation in strategic planning for the LFCM practice.

Requirements

Bachelor’s degree in finance, accounting, economics, or a related field.
2–5 years of experience in equity research, portfolio management, or a related investment role.
CFA charterholder or active CFA candidate; passing Level I or higher is preferred.
Strong financial modeling and valuation skills.
Advanced Excel proficiency.
Excellent written and verbal communication skills.

Nice To Haves

Bloomberg Terminal experience.
Familiarity with SMA, ETF, or model-portfolio management.
Programming or automation skills, such as VBA or Python.
Knowledge of GIPS performance standards.

Responsibilities

Conduct fundamental research on current holdings and new candidates, including financial modeling, intrinsic value (DCF) analysis, competitive positioning, and return on capital assessment.
Write and present investment theses and recommendations to the investment team.
Maintain ongoing coverage of assigned sectors and holdings, monitoring earnings, guidance, and thesis-relevant developments.
Screen for new investment ideas and maintain the firm’s watchlist.
Monitor strategy performance, attribution, and risk relative to benchmarks.
Help ensure portfolios adhere to LFCM investment policies, guidelines, and risk parameters.
Assist with portfolio construction, position-sizing analysis, and rebalancing.
Contribute to improving LFCM’s investment process, tools, and procedures.
Analyze economic trends and industry developments and contribute to market commentary, client letters, and presentations.
Prepare materials for advisor, client, and prospect meetings, and participate as needed; travel as required.
Help communicate LFCM’s investment approach to advisors and centers of influence to promote consistency with the LFCM process.
As responsibilities expand, lead coverage for sectors or a strategy sleeve, contribute more to buy/sell and position-sizing decisions, take a primary role in client, prospect, and advisor communication, and participate in strategic planning for the LFCM practice.