Position Summary
JOB DESCRIPTION
Jefferies is seeking an equity research associate, located in New York City, who will support the Senior Analyst covering Property & Casualty Insurance. Key responsibilities include gathering and analyzing industry information, financial modeling and writing reports on the P&C insurance sector and on companies under coverage.
Responsibilities:
- Provide support to the Senior Analyst through fundamental analysis with an emphasis on original, bottom-up research in the P&C insurance sector.
- Oversee data collection and monitor investor news services.
- Conduct research, including financial analysis, analysis of insurance market trends, due diligence on insurance companies and their positioning and strategies.
- Develop and update company-specific financial models.
- Perform financial and valuation analysis of covered companies.
- Draft industry and company-specific research reports.
- Meet with insurance management teams and industry experts.
- Interact with the firm’s institutional sales force and institutional investors.
Qualifications:
- The ideal candidate would (1) understand the P&C insurance market, (2) have advanced financial modeling skills, and (3) be a driven self-starter
- Prior equity research or investment banking experience is preferred
- An undergraduate degree in a related area of study with a strong GPA. An MBA and/or CFA track is a plus
- Minimum of 2-3 years related work experience
- Concrete understanding of and demonstrated interest in corporate finance & equity markets
- Securities licenses preferred but not required (SIE/series 7, 63, 86, 87)
- Advanced accounting and financial statement analysis skills
- Fluency in modeling financial statements, including forecasting income statements and balance sheets; familiarity with discounted cash flows, valuation, and net present value calculations; ability to analyze large sets of data to determine trends and strong conclusions
- Ability to convey complex and nuanced ideas clearly and concisely, both in written format and orally
- Outstanding analytical skills and intellectual curiosity, with an ability to draw conclusions based on qualitative and quantitative analysis
- Strong interpersonal skills and style conducive to building relationships
- Ability to deliver high quality work under pressure and to meet deadlines effectively
Primary Location Full Time Salary Range of $135,000 - $165,000.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies offers, for eligible employees, an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (vacation), unplanned time off (sick leave), and paid holidays and paid parental leave.
About Us
Jefferies Financial Group Inc. (‘‘Jefferies,’’ ‘‘we,’’ ‘‘us’’ or ‘‘our’’) is a U.S.-headquartered global full service, integrated investment banking and securities firm. Our largest subsidiary, Jefferies LLC, a U.S. broker-dealer, was founded in the U.S. in 1962 and our first international operating subsidiary, Jefferies International Limited, a U.K. broker-dealer, was established in the U.K. in 1986. Our strategy focuses on continuing to build out our investment banking effort, enhancing our capital markets businesses and further developing our Leucadia Asset Management alternative asset management platform. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia.
At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.
Jefferies is committed to creating and sustaining a diverse workforce and encourages applicants from all backgrounds to apply. This includes applicants from historically underrepresented groups, including women, racial and ethnic minorities, members of the LGBTQ+ community, military veterans, and individuals with disabilities or who are neurodiverse.
Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.
