Equity Research Analyst – Healthcare, Biotech and Therapeutics Sector

Job Title: Equity Research Analyst – Healthcare, Biotech and Therapeutics Sector

Reports to (title):  EVP, Portfolio Manager

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 60 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 hedged 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. 

Job Description:

Alger is looking for a bright and enthusiastic Equity Research Analyst with experience within the Healthcare sector focusing on Biotechnology, Therapeutics, and Pharma companies. Their knowledge of the overall healthcare industry and substantial experience in covering large and mid cap companies will be needed to enhance and contribute to the team’s performance. We favor candidates who have strong analytical and modeling skills, are passionate about investing, an avid reader, embrace challenges, and thrive in a dynamic environment.

This individual, along with their team, work with portfolio managers on generating insightful investment ideas. This direct exposure to top level management is rare in the investment community and the ideal candidate should 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 and Head of the Healthcare Team

• Understanding scientific and clinical literature
• Using and creating incremental, internal quantitative reports that identify potentially attractive large and midcap stocks
• Tracking healthcare sector themes and reporting them to the team, also identifying themes not currently addressed
• Producing reports or strategies enabling the team to focus on areas of market out performance
• Interact with sell-side analysts, tech industry contacts, investor relations personnel and senior management of companies to develop an investment thesis on a stock or industry them
• Conduct maintenance research and reports on business news on portfolio holdings. Analyze companies’ earnings reports, including previews and reviews
• Maintain data bases tracking industry research and statistics. Develop and maintain proprietary data tracking industry research files
• Assist PM in tracking and monitoring what sector analysts are working on and helping the PM ensure that work assignments are done in a timely fashion

Qualifications:

• Minimum 3+ years analyst experience on the buy side or equivalent industry training and experiences focused within the healthcare sector. Research experience preferred but not required for Therapeutics, Biotechnology, and Pharma.
• In-depth understanding of the global healthcare sector
• A knowledge of companies with the potential to disrupt and grow within their industry
• Proven quantitative and qualitative analytical capabil