Research Associate

POSITION: Research Associate

COMPANY:

The Firm was founded in 1990 on the premise that rigorous, independent research and disciplined, long-term investing will generate superior returns for our clients. Today, the Firm has approximately $30 billion in assets across long-only and long/short strategies utilizing a team-based approach and centralized research effort. Our global client base includes endowments, foundations, public and private pensions, private banks, family offices and high-net-worth individuals. Our 200 employees possess diversity of thought, experiences and backgrounds and share a commitment to our Core Principles (below). Our employees thrive in a collaborative environment that empowers them to apply curiosity, creativity, and continuous improvement in pursuit of differentiated excellence for our clients.

Commitment to Giving Back: The Firm's foundation, established in 2000, makes a positive impact by actively engaging all employees in identifying and supporting charitable organizations of excellence.

Location: The Firm is based in New York City. The work location for this position is flexible and can be based remotely.

POSITION DESCRIPTION:

The Research Associate supports investment professionals on the Research team. The Associate is responsible for building and maintaining high-quality financial models, synthesizing earnings and KPI trends, and providing timely information and analysis on public companies being considered for investment. Assignments are directed by one or more Analysts and/or Portfolio Managers on the Investment Research team. The ideal candidate is a detail-oriented team player who takes pride in delivering analytical depth and accuracy, has strong modeling instincts, and a passion for understanding great businesses.

RESPONSIBILITIES & REQUIREMENTS:

• Create and maintain financial models and company-level forecast scenario models, ensuring accurate assumptions and outputs and consistent formatting
• Analyze industry structures, competitive dynamics and peer performance to produce industry trackers, comp tables on peers and other data-driven insights
• Manage quarterly earnings spreadsheet updates to ensure timely monitoring of portfolio holdings and watchlist companies
• Create and update KPI and performance dashboards to track trends and inform investment analysis
• Write clear and concise earnings summaries, management commentary notes and follow-up insights for internal and external audiences
• Conduct data analysis, including screening work with Factset, CapitalIQ or Bloomberg, consolidating and tracking industry and census data, and maintenance of watchlists

QUALIFICATIONS:

• A bachelor’s degree is required with a preference for a related field of study, such as finance, economics, or accounting
• A minimum of four years of equity research or closely related financial analysis experience (buy-side or sell-side)
• Track record of regularly creating and maintaining a high volume of complex financial models, including company-level forecast and multi-scenario models
• Experience owning systematic earnings updates and KPI dashboards to support portfolio holdings monitoring
• Strong understanding of financial statements, accounting principles, and valuation techniques
• Excellent written and verbal communication skills with the ability to distill complex information into concise insights
• Self-starter and ability to work independently
• Track record of effectively managing multiple priority assignments
• Highest degree of integrity, professionalism, and confidentiality
• Fit with Select Equity’s Core Principles (below)

CORE PRINCIPLES:

• Originality: We generate our own ideas and never deploy common practice without skepticism. We strive to avoid the herd.
• Innate Curiosity: We ask dumb questions. We challenge universally accepted beliefs and seek new levels of understanding.
• Continuous Improvement: We constantly reassess our investments, policies and processes. We embrace a culture of intellectual integrity, learning, mentorship, self-reflection, entrepreneurship and growth.
• Charity: We actively participate in our communities and give back to society in meaningful and thoughtful ways.
• Humility: We seek no acclaim individually or as a Firm other than to earn the respect of our clients.
• Teamwork: We trust our colleagues and communicate with transparency and respect. We measure success as a team, not as individuals.