Global Investment Research, Equity Research, Life Insurance Associate

Key Responsibilities

Working closely with the Senior Analyst and other members of the Insurance Research team, the Associate will:

• Develop Deep Sector Expertise: Build and maintain a comprehensive understanding of the Life Insurance sector, including product structures (e.g., annuities, universal life, term), regulatory frameworks, and actuarial concepts.
• Architect & Maintain Financial Models: Build, update, and rigorously maintain detailed, integrated financial models (Income Statement, Balance Sheet, Cash Flow) and valuation frameworks for covered companies.
• Analyze Complex Data Sets: Interpret regulatory filings (including statutory filings and GAAP/LDTI disclosures), macroeconomic indicators, and industry trends to generate actionable insights.
• Draft High-Impact Research: Contribute significantly to the writing and production of fundamental research reports, including quarterly earnings previews/reviews, company-specific deep dives, and thematic industry pieces.
• Support the Franchise: Respond efficiently to ad hoc inquiries from institutional clients, the equity sales force, trading desks, and company investor relations teams.
• Collaborate Globally: Partner with broader GIR teams to share insights, leverage data analytics tools, and contribute to cross-sector research initiatives.

Basic Qualifications

• Analytical Rigor: Exceptional quantitative and analytical skills, with a strong foundation in accounting and corporate finance.
• Communication Excellence: Outstanding verbal and written communication skills, with the ability to articulate complex financial concepts clearly and concisely.
• Technical Proficiency: Advanced mastery of Microsoft Excel; experience with market data tools (e.g., FactSet, Bloomberg, Reuters) is highly preferred.
• Detail Orientation: Meticulous attention to detail and a commitment to delivering institutional-grade work under tight deadlines.
• Team-First Mindset: Strong collaborative spirit, with a focus on supporting the collective goals of the research franchise.

Preferred Qualifications

• Experience: Minimum 2+ years of relevant experience in equity research, investment banking, actuarial consulting, rating agencies, or corporate finance within the insurance industry.
• Product & Accounting Knowledge: Solid working knowledge of Life Insurance products, reserve analysis, and insurance-specific accounting standards (GAAP, Statutory, and LDTI).
• Franchise Focus: A professional who is energized by the challenge of building world-class models and research infrastructure, and who is committed to a collaborative, long-term associate career path.

• Agility: Ability to multi-task, prioritize effectively, and take initiative in a fast-paced, dynamic market environment