KBW Research Associate II - Real Estate Technology and Fintech Software

Stifel•New York, NY

5d•$100,000 - $150,000

About The Position

Under general supervision, the 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 involves significantly greater writing and modeling responsibilities. The associate develops a strong understanding of the assigned sector and must be able to clearly state and defend the investment thesis for stocks in that sector. The position also handles basic questions from Sales and clients and begins representing the associates in internal research presentations. The role focuses on real estate technology and fintech software research. It includes building financial models and valuation analyses, developing written research with modest direction, maintaining research data and resources, and cultivating external sources. The associate is assigned a small client contact list and is responsible for meeting those clients’ needs. Some local, regional, or national travel by car and/or air 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.
Knowledge of economics, accounting, finance, securities analysis, financial markets, industry analysis, and financial-data reporting.
Inductive reasoning, critical thinking, judgment and decision-making, time management, and oral and written communication skills.

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, accounting for constants, variables, restrictions, alternatives, conflicting objectives, and numerical parameters.
Analyze information obtained from management to conceptualize and define operational problems.
Validate and test models for adequacy and reformulate them as needed.
Build and update comparable-company (comp) sheets.
Manage databases and electronic data services, including Bloomberg and FactSet.
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, industries, and data requests.
Develop written research product with modest direction from the senior-level Research Analyst.
Evaluate basic valuation methodologies for covered stocks and the broader sector.
Meet special-project demands from senior-level Research Analysts.
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 product.
Serve an assigned small client contact list and meet those clients’ needs.
Travel by car and/or air for local, regional, and/or national business as needed, up to 20%.
Begin representing associates in internal research presentations.