Job Title: Equity Research Analyst – Financial Services Sector
Company Description: Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm’s investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 50 years.
Alger’s Investment Team is the engine that drives the Firm’s strong long-term investment returns of our portfolio strategies and success for our clients. Our investment strategies range from U.S. small cap to large cap stocks and International and Emerging Markets growth stocks, in both traditional long-only and long/short hedge equity portfolios. We are over 60 experienced professionals, led by our portfolio managers and senior sector analysts, who work together to identify and research domestic and global growth trends across all economic sectors to uncover compelling investment opportunities. We target “outside the box” ideas and our firm’s philosophy encourages creative and independent thinking. Each investment idea goes through a rigorous series of analyses. Many of our analysts have direct experience in the industries they invest in and/or advanced degrees in their fields. Compared to other buy-side firms, our teams are small – and this “boutique” culture allows analysts of all levels to contribute. Working in smaller groups, analysts have more responsibilities, rather than being just a “number-cruncher” at a larger firm. With that in mind, we focus on investing in developing talent.
Location: Headquartered in New York City’s downtown Financial District in a new modern office space, Alger offers great benefits and encourages employees to become involved in their community. In particular, we encourage our employees to participate, to give their time and talents, not just money, to charitable events and organizations the Firm supports through our employee run charitable committee, the Alger Candlelight Giving Program. Pensions & Investments has noted, “Fred Alger Management Inc. [is] one of the most charity-oriented workforces in the investment industry.” (Sept. 5, 2011). We are as proud of that recognition as we are of our investment success.
Job Description: Alger is looking for a bright and enthusiastic analyst supporting the Financial Services sector covering banks, asset managers, exchanges, payments, diversified financial services and financial software segments. We seek candidates who are passionate about investing, embrace challenges, welcome increasing responsibilities, and thrive in a dynamic environment. The ideal candidate should have a minimum of 5 years experience in equity research with a strong focus on financial services companies.
This Analyst will work on researching and generating insightful investment ideas focusing on various companies, researching sector trends and developing insight. This direct exposure to top level management is rare in the investment community and current Analysts thrive on the ability to work with highly experienced investors.
Duties & Responsibilities:

• Analyze financial statements, interview/visit company management, build and update detailed financial/valuation models, write research reports and present ideas to the Portfolio Manager
• Assist in the development and generation of investment ideas and themes within sector for the various funds, utilizing a fundamental bottom-up approach and creating incremental, internal quantitative reports that identify potentially attractive stocks
• Tracking financial sector themes and reporting them to the team, also identifying themes not currently addressed
• Interact with sell-side analysts, industry contacts, investor relations personnel and senior management of companies to develop an investment thesis on a stock or industry theme
• Conduct maintenance research and reports on business news on portfolio holdings. Analyze companies’ earnings reports, including previews and reviews
• Maintain databases tracking industry research and statistics. Develop and maintain proprietary data tracking industry research files

Qualifications:

• Minimum 5 years investment professional experience or equivalent industry training and experiences
• Minimum 3+ years coverage experience focused within the financial services sector. Research experience preferred but not required for banks, asset managers, exchanges, payments, financial software/IT services and other cyclical's.
• Ideal candidate will have a knowledge base of the financial services sector but be willing to grow and expand knowledge into additional subsectors like fintech, new payment, and other business services.
• Passion for the financial markets and investments along with an extraordinary curiosity about business and industry
• Proven quantitative and qualitative analytical capabilities including financial modeling, industry and product analysis and report writing
• Undergraduate degree in a finance, science, mathematics, engineering, liberal arts or an equivalent combination of training and experience
• Strong undergraduate GPA
• Excellent communication skills, both written and oral
• High level of self-motivation and work ethic along with the ability to complete assignments quickly and accurately
• Positive attitude with a willingness to attack challenging intellectual problems
• Strong competitive spirit and desire to succeed
• Ability to work in a team-oriented fast-paced environment both while being able to prioritize projects
• Base salary anticipated to be $150-200k + discretionary bonus + outstanding benefits

To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page HERE.
This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.
Alger is proud to be an E-Verify & Equal Opportunity Employer.
It is Alger’s policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law (“Protected Characteristic”). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.
E-Verify® is a registered trademark of the U.S. Department of Homeland Security.

Job Type: Full-time

Pay: $150,000.00 - $200,000.00 per year

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