Posted Under: Boston, Massachusetts jobs in Finance; Finance jobs in zipcode 2101
Posted On: 2017-05-19 09:58:56
Duties: Fidelityís global Equity Capital Markets (ECM) team is focused on creating unique investment opportunities and managing new issue processes for the benefit of Fidelityís client investor funds. Our objective is to enhance investment performance and to maximize the deployment of investment capital against attractive opportunities. We are currently recruiting for a Research Analyst to join our office based in Boston. The Analyst will report to the Chief Investment Officer/Head of Equity Capital Markets. Primary Responsibilities This Analyst will be responsible for both identifying new opportunities and monitoring existing positions within assigned Equity Capital Market positions. This Analyst will work closely with the Portfolio Managers, other Analysts, and members of the Equity Capital Markets team while playing a vital role in contributing to the investment performance of those products. Specific responsibilities include: 1. Generate and validate new ideas that are consistent with the teamís investment process. Specifically, idea generation involves: a. Investigating private placement opportunities generated by the proprietary process to identify potential to meet the fundís key criteria of attractive valuation and future positive change. This process typically requires a quick look and, for those companies that continue to meet the fundís criteria, more extensive fundamental analysis. b. Identifying companies through Analystís own process of monitoring opportunities in his/her sub-sector area(s) by, for example, using screens, Fidelity research, and sell-side research. 2. Perform Fair Value (FV) analysis on 15+ illiquid securities held in the Fidelity Funds on a monthly basis using Discounted Cash Flow (DCF), comparable multiples, comparable transactions, and other valuation approaches. Collect and maintain the necessary documentation for the inputs into the FV process. Discuss the FV inputs and process with internal and external auditors. 3. Maintain coverage of assigned positions held in the required portfolios. Specifically, coverage involves: a. Performing industry analysis -- monitoring trends and developing a view regarding the relative attractiveness of the assigned sub sectors. b. Maintaining up-to-date recommendations and target prices. c. Creating and maintaining proprietary financial models and valuation analysis. d. Monitoring investment thesis to track progress of improving dynamics and other critical variables. e. Conducting proprietary research. f. Collaborating with other Fidelity Analysts. g. Interacting with company management through meetings and calls. 4. Communicate updates and recommendations to the Fidelity investment organization. The most important form of communication will be in-person discussions, supplemented by brief written reports, voicemails, and emails. Requirements: Bachelorís degree (or foreign education equivalent) in Economics, Finance, Business Administration, Mathematics, or a closely related field, and two (2) years of experience in the job offered or two (2) years of experience in buy-side fundamental equity research within the technology sector. Candidate must also possess: Demonstrated Expertise (ďDEĒ) developing long-term investment strategies within the technology sector -- specifically Telecommunications Equipment Supply Chain verticals, or Semiconductor and Electronic Supply Chain verticals -- to inform stock selection recommendations for portfolio managers throughout the business cycle; DE developing sensitivity models to analyze the impact of macro events, including impact of unit demand on company-specific business models within the technology sector -- specifically Telecommunications Equipment Supply Chain verticals, or Semiconductor and Electronic Supply Chain verticals; DE analyzing technology business models and market cycles -- market share, product differentiation, customer preference, earnings and revenue projection -- and performing proprietary equity research and analysis (including building earnings forecasts and revenue models using Excel, Bloomberg, and FactSet); and DE conducting interviews of C-level executives of publicly traded companies, industry experts, and industry participants -- competitors and suppliers -- to develop actionable investment insights to support stock selection recommendations for portfolio managers. To apply, visit http://jobs.fidelity.com and search for Job Number 1704537.
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