Research Associate, Healthcare
About The Position
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. We are seeking an Equity Research Associate (RA) to join our Global Industry Research Healthcare Team. In this role, the RA will work closely with a senior Global Industry Analyst (GIA) to support coverage across the global MedTech, Tools and Diagnostics universe primarily in the US. The ideal candidate will be a self-directed, intellectually curious team player with a strong interest in medical device, life sciences tools and diagnostics as well as broader health care investing. This role will require the ability to analyze financial, clinical, regulatory, reimbursement, market adoption and alternative data; evaluate product portfolios and competitive positioning; leverage AI to drive research efficiencies; and synthesize complex information to inform investment decisions.
Requirements
- A minimum of 3 years of relevant investment experience
- Prior experience in healthcare or MedTech, Tools or Diagnostics equity research, ideally in a buy-side or sell-side research associate role
- Experience analyzing medical device, diagnostics, or life science tools companies, including procedure volumes, utilization trends, industry datasets, clinical data, regulatory pathways, and reimbursement dynamics is preferred
- Financial modeling experience, including valuation frameworks for medical device, diagnostics, and tools healthcare companies
- Understanding of long/short investing concepts and risk management approaches is beneficial
- Strong analytical and problem-solving abilities
- High level of intellectual curiosity and willingness to engage deeply with clinical, technical, commercial, reimbursement, and financial material
- Strong data and technology skills, including experience using AI and tools to screen, rank, and analyze large stock universes
- A willingness to lead effort to integrate AI into research processes
- Sound judgment, strong work ethic, and the highest level of personal and professional integrity
- Ability to work independently and make decisions in the face of uncertainty
- Strong organizational skills and attention to detail
- Excellent written and verbal communication skills
- Superior academic credentials; an undergraduate degree is required
- Scientific, engineering, biomedical engineering, healthcare, or related technical backgrounds are advantageous
- Progress toward CFA/CAIA levels is additive
Nice To Haves
- Experience modeling product portfolios, procedure volumes, utilization trends, pricing, margins, and adoption curves is highly valued.
- Intellectual curiosity and a passion for understanding the drivers of MedTech, Tools and Diagnostics innovation are essential.
- A discerning analytical mindset and the ability to focus on the key drivers of value creation, including innovation cycles, competitive positioning, reimbursement, adoption, and execution, will be important.
- The ability to communicate investment views clearly, both verbally and in writing, and participate in a constructive investment dialogue is essential.
- This role requires initiative, independence, and strong ownership of research responsibilities.
- The successful candidate will be proactive in identifying opportunities, deepening their expertise, and contributing to the team's investment process.
Responsibilities
- Maintaining industry and comparative valuation models across medical device, diagnostics, and life science tools companies
- Building and maintaining company financial models with a focus on product-level forecasting, procedure volumes, pricing, reimbursement, margin trends, and adoption curves
- Assessing commercial opportunity, product differentiation, regulatory pathway, reimbursement dynamics, and adoption risk for new and existing medical technologies
- Analyzing clinical data, FDA and international regulatory developments, procedure and utilization trends, hospital and physician purchasing dynamics, and other industry datasets to evaluate company fundamentals and competitive dynamics
- Performing ongoing due diligence across the global MedTech, Tools, and Diagnostics landscape, identifying emerging investment opportunities and key risks across established and disruptive categories
- Executing complex analytical projects that leverage alternative data, AI, and other tools under tight time constraints
- Staying abreast of relevant company, clinical, regulatory, reimbursement, and industry materials, including product launches, guideline changes, reimbursement updates, conference proceedings, and scientific publications
- Contributing to idea generation across both long and short investment opportunities
Benefits
- retirement plan
- health and wellbeing
- dental
- vision
- pharmacy coverage
- health savings account
- flexible spending accounts
- commuter program
- employee assistance program
- life and disability insurance
- adoption assistance
- back-up childcare
- tuition/CFA reimbursement
- paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
