Research Associate II - Biotechnology

Stifel•Boston, MA

About The Position

Under general supervision, the Research Associate II provides information, gathers data, performs analysis and modeling, and offers organizational support to senior-level Research Analysts. The role builds on foundational Associate I skills and includes substantially increased writing and modeling responsibilities. The associate develops a solid understanding of the assigned biotechnology sector, clearly states and defends the investment thesis for covered stocks, responds to basic questions from Sales and clients, and begins representing the associate team in internal research presentations. The position involves conducting proprietary research and due diligence on biotechnology companies; producing written research with modest direction from a senior Research Analyst; building and maintaining financial models; communicating investment outlooks and responding to questions; and completing special projects. Some local, regional, and/or national travel by car or air may be required, up to 20%.

Requirements

Bachelor's degree.
2 to 4 years of relevant industry experience and/or proven experience at the Associate I level.
SIE, FINRA Series 86, and Series 87 expected to be obtained upon hire.
Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook.
Knowledge of economics, accounting, finance, securities analysis, financial markets, industry analysis, and financial data reporting.
Ability to combine information to form conclusions, use critical thinking, exercise judgment and decision-making, manage time and priorities, and communicate effectively in writing and orally.

Nice To Haves

Some education in relevant science fields, a biotechnology background, or prior experience in drug development.

Responsibilities

Conduct proprietary research and due diligence on biotechnology companies using internal and external sources, developing a strong understanding of covered companies and their competitive landscapes.
Develop written research products, with modest direction from the senior-level Research Analyst, concerning coverage initiations, company news, and industry events.
Build and maintain Excel-based financial models, including income statements, balance sheets, and cash flow statements, and perform multiple valuation methodologies for covered companies.
Clearly state and defend the Analyst's investment thesis and outlook for each covered stock.
Respond to basic questions from institutional sales and clients about covered companies, industry trends, and data requests.
Meet special-project demands of the senior-level Research Analyst.
Travel by car and/or air for local, regional, and/or national business needs, up to 20%.