Global Value, Research Analyst

First Eagle Investments•New York, NY

4d•$140,000 - $165,000•Hybrid

About The Position

First Eagle Investments is seeking a Research Analyst to join its New York Global Value team, which manages more than $130 billion in assets under management and invests globally. The team is a long-only investor managing mutual funds, separate accounts, and offshore funds. Its strategy seeks attractive real returns while preserving investors’ capital over time through a value-oriented approach to global markets. The investment team uses bottom-up fundamental research, focusing on quality businesses it believes have above-average sustainable profitability and trade at a significant discount to intrinsic value. The Research Analyst will support portfolio managers through detailed financial analysis and modeling, primary research, document-driven business analysis, and financial statement recasting to assess economic earnings, margin of safety, and intrinsic value. The analyst will also attend investment meetings with senior management and collaborate with the Global Value team’s sector analysts and portfolio managers. The base salary range is $140,000 to $165,000, and the role is eligible for an annual incentive bonus. Compensation may vary based on factors including skills, experience, qualifications, location, and internal equity. First Eagle offers paid time off, medical, dental, and vision healthcare plans, 401(k) retirement and profit-sharing plans, a flexible/hybrid work environment, and flexible work attire. First Eagle Investments and its affiliates and subsidiaries are Equal Opportunity Employers.

Requirements

Undergraduate degree.
3–5 years of experience as an analyst in buy-side equity research or private equity.
Superb analytical ability and attention to detail.
Solid accounting capabilities and a passion for digging through documents.
Strong modeling skills and a firm grasp of a variety of valuation methods.
Investment style consistent with First Eagle’s approach, including a long-term investment horizon, absolute return focus, and aversion to permanent capital loss.
High level of intellectual honesty, humility, and critical thinking capabilities.
Contrarian mindset and willingness to go beyond what management says and dig deeper.
Demonstrated ability to organize tasks effectively, manage time, set priorities, and meet deadlines.
Collegial and collaborative team-player skills, including the ability to partner with a wide range of investors.
Excellent communication skills and capacity to articulate investment insights to colleagues and clients.
Self-starting, entrepreneurial, and resourceful.

Responsibilities

Perform detailed financial analysis and modeling in support of portfolio managers.
Conduct primary research.
Analyze and understand business models through document-driven analysis.
Recast financial statements to focus on true economic earnings, margin of safety, and intrinsic value.
Attend investment meetings with senior management.
Partner with a wide range of investors, including the Global Value team’s equity-oriented sector analysts and portfolio managers.
Articulate investment insights to colleagues and clients.