KBW Research Associate II - Real Estate Technology and Fintech Software

Stifel•New York, NY

About The Position

Under general supervision, the KBW Research Associate II provides information, gathers data, conducts analysis and modeling, and supports senior-level Research Analysts. The role builds on foundational Associate I skills and carries significantly greater writing and modeling responsibilities. The associate develops a solid understanding of the assigned sector and must be able to explain and defend the investment thesis for stocks under coverage, answer basic questions from institutional sales and clients, and begin representing associates in internal research presentations. The associate develops research products with modest direction from senior Research Analysts, evaluates basic valuation methodologies, builds industry knowledge and external sources, and integrates relevant information into research. The position includes responsibility for a small client contact list and meeting those clients’ needs. Travel by car and/or air for local, regional, and/or national business may be required, up to 20%.

Requirements

Bachelor's degree.
Two to four years of relevant industry experience and/or proven experience at the Associate I level.
Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook.
Inductive reasoning: ability to combine information to form general rules or conclusions.
Critical thinking: ability to use logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions, or approaches.
Judgment and decision-making: ability to consider relative costs and benefits of potential actions.
Time management: ability to manage time and priorities to meet deadlines.
Oral and written expression: ability to communicate information and ideas clearly.
Knowledge of economics, accounting, finance, securities analysis, financial markets, the industry, financial-data analysis and reporting, and associated terminology.

Responsibilities

Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis.
Formulate mathematical or simulation models of problems, incorporating variables, restrictions, alternatives, objectives, and numerical parameters.
Analyze information obtained from management to conceptualize and define operational problems.
Validate and test models for adequacy, reformulating them as necessary.
Build and update comparable-company sheets.
Manage databases and electronic data services such as Bloomberg and FactSet.
Clearly state and defend the Analyst's investment thesis and outlook for stocks under coverage.
Respond to basic questions from institutional sales and clients about covered companies, industry topics, and data requests.
Develop written research products with modest direction from senior-level Research Analysts.
Evaluate basic valuation methodologies for covered stocks and the broader sector.
Meet special-project demands from senior-level Research Analysts and use available resources to locate relevant data.
Continue building industry knowledge and developing external sources, including management teams, suppliers, and customers, and integrate those sources into research products.
Manage an assigned small client contact list and meet the needs of those clients.
Travel by car and/or air for local, regional, and/or national business travel, up to 20%.