Business Segment: Corporate & Investment Banking
The main purpose of the Equity Analyst job is to advise institutional investors on the investment and divestment opportunities in certain sector(s) of the JSE. In this case, the analyst is responsible for the Insurance sector. A successful execution of the job steers client trade and a commission stream via the dealing platform of the broker. This advisory function is fulfilled through regular publication of investment ideas, company and sector updates, marketing of ideas, and the organization of conferences and other corporate access activities.
In addition, we anticipate that an analyst builds a network of executive contacts (generally at CEO/CFO and IR level) and, within the global regulatory framework, generates observations and ideas that may assist the primary capital teams of the bank.
Key Responsibilities of the Insurance Analyst
Initiate coverage of relevant and commercial number of stocks within the sector (e.g: Sanlam, Discovery, Old Mutual, Momentum, Outsurance, Santam, etc). Regularly and timeously write insightful and impactful research that results in a product suite that encompasses sector and company notes, thematic and periodical publications, comments on news flow and its impact of share valuations.
Establish investor themes that run through the sub-sectors, commonality in valuation approaches.
Develop commercial and differentiated product and marketing schedules.
Market the investment ideas to domestic and offshore based global investors. Marketing consists of face-to-face road show meetings, video and conference calls, tele-marketing, e-mails, etc.
Organise conferencing and corporate access calendars.
Provide corporate access to link executives of corporations and other decision and opinion makers to investment managers. Corporate access can consist of conference calls, exclusive small scale management meetings, conference organisation, investor tour organisation, reverse road shows (offshore investors visiting region) and Non-Deal Roadshows (NDRs, e.g.: whereby the Bank organises an investor road show for management). Such activity benefits the analyst franchise and showcases the 'execution abilities' of the Bank.
Complete and respond to 'bespoke' and ad-hoc client requests.
A combination of the above is expected to result in a measurable progression of an analyst franchise (own and broker/bank brand combined) with institutional investors as measured in the customary broker performance reviews and external broker surveys.
Inform and work with Sales and Trading, within compliance framework, to optimise the marketing and execution of investment ideas.
Pro-actively pass interesting and commercial ideas on to counterparts in CIB for instance in ECM, DCM, M&A and broader corporate finance functions. These ideas can include but are not confined to capital raising, debt restructuring, buy backs, merger, consolidation and other deal ideas, balance sheet restructuring, etc.
Qualifications
Minimum QualificationsType of Qualification: DegreeField of Study: Mathematical Sciences or Actuarial Science or Accounting
Experience Required
5-8 years experience
Insurance background required
Global Markets Equity Research experience required
Deep experience in coverage and management roles across the buy-side
Experience preparing presentation quality documents and executive level summaries.
Strong research background across all disciplines: Fundamental, Technical and Quantitative with prior research experience with global equities preferred
Please note: All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or ******
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