Equity Analyst

Morningstar•Chicago, IL

5d•$114,100 - $167,350•Hybrid

About The Position

Our Equity Research team requires an experienced equity analyst to cover Technology stocks, primarily focusing on a select group of SaaS companies. The role offers considerable intellectual freedom to focus on developing long-term oriented, original, and in-depth insights on complex industry issues with an emphasis on understanding ever-changing competitive dynamics. The analyst will publish in-depth research pieces that exemplify our reputation for thought leadership, our ability to assess outcomes for debatable investor topics, and provide the analysis our clients need to make better investing decisions. This position is based in our Chicago office and requires at least four days a week in office.

Requirements

A bright, motivated individual with the desire to succeed in an intellectually-intense environment. Possess intellectual curiosity, a passion for creative analysis, and attention to detail.
Ability to think broadly and creatively about a range of strategic issues affecting a business.
Strong qualitative and quantitative acumen combined with strong written and verbal communication skills.
Bachelor’s degree; a CFA designation and/or a Masters degree is preferred.
Three to five years of experience in sell side or buy side equity research; Alternatively, three to five years of technology industry experience combined with a proven interest in equity research.
Ability to make decisions under tight deadlines, at times with incomplete information.
Independent and critical thinking skills and a passion for investing, with a bias toward long-term fundamental research.
Sound financial modeling skills and knowledge of discounted cash flow modeling techniques.
Advanced Excel proficiency
Abilit to work well within a team and to respectfully accept and provide constructive feedback.

Nice To Haves

a CFA designation and/or a Masters degree is preferred.

Responsibilities

Analyze publicly available information, develop industry-relevant contacts and build internally-generated data to create investment mosaic, often with incomplete information.
Estimate fair values for about 20 Tech companies, mostly focusing on the SaaS sector. Companies may include: Microsoft, Salesforce, Atlassian, Shopify, ServiceNow, and others.
Gather and analyze industry data to develop a long-term industry vision and write notes for a sophisticated and demanding client base in a timely, accurate, insightful manner. Analyze implications of fundamental industry developments for coverage.
Regularly publish reports, detailed discounted cash flow models that focus on the key drivers of the business, and in-depth research pieces, including the qualitative and quantitative analyses of your coverage’s Economic Moats.
Develop relationships with coverage companies and industry participants by attending company events and industry conferences to enhance research and build brand.
Become an expert in Morningstar’s Economic Moat research methodology.
Proactively surface attractive investment ideas internally and externally to support all products and clients.
Collaborate with colleagues by lending your financial, industry and investment expertise, including reviews of written research, financial models, moat presentations and other items as requested by your Director.
Act with independence and an ‘investors first’ attitude at all times.

Benefits

100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disability insurance
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups