Equity Associate Analyst - Consumer Discretionary Sector

Job Title: Equity Associate Analyst – Consumer Discretionary Sector

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 50 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 hedge 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.

Location: Headquartered in New York City’s downtown Financial District in a new modern office space, Alger offers great benefits and encourages employees to become involved in their community. In particular, we encourage our employees to participate, to give their time and talents, not just money, to charitable events and organizations the Firm supports through our employee run charitable committee, the Alger Candlelight Giving Program. Pensions & Investments has noted, “Fred Alger Management Inc. [is] one of the most charity-oriented workforces in the investment industry.” (Sept. 5, 2011). We are as proud of that recognition as we are of our investment success.

: Alger is seeking bright and enthusiastic candidate to join our investment team as an Associate Analyst (AA) working directly with a senior consumer and retail sector analyst. Looking for those that have completed their Bachelor's Degree and have experience with financial accounting, modeling, and valuation. We seek candidates who are passionate about investing, embrace challenges, welcome increasing responsibilities, and thrive in a dynamic environment. The ideal candidate should have a minimum of 3-6 years experience in equity research with a strong understanding of consumer discretionary companies including but not limited to sub-sectors like retail, apparel, restaurants, and e-commerce. This AA will work on researching and generating insightful investment ideas focusing on various companies, researching sector trends and developing insight. This direct exposure to top level management is rare in the investment community and current Analysts thrive on the ability to work with highly experienced investors.

Duties & Responsibilities:

• Collaborate with the investment team on original research projects and ideas
• Interact with sell-side analysts, industry contacts, investor relations personnel and senior management of companies to develop an investment thesis on a stock or sector
• Write research reports on companies under coverage and reports on business news
• Work closely with senior analysts to coordinate evaluation of companies
• Manage and analyze companies’ earnings reports, including previews and reviews
• Create and update financial models and maintaining databases tracking industry research and statistics. Develop and maintain proprietary data tracking and industry research files
• Practice and develop the art of a stock pitch with the goal of being able to generate ideas and profit for the firm

Qualifications:

• Undergraduate degree in a finance, science, mathematics, engineering, liberal arts or an equivalent combination of training and experience
• Ability to work in a team-oriented fast-pace environment both while being able to prioritize projects
• Excellent communication skills, both written and oral
• Strong competitive spirit and desire to succeed
• Proven quantitative and qualitative analytical capabilities including financial modeling, industry and product analysis and report writing
• 3-6 years in investment banking, private equity, equity research or equivalent industry
• Grade Point Average (GPA) of 3.0 or above in a 4.0 scale
• High level of self-motivation and work ethic along with the ability to complete assignments quickly and accurately
• Ideal candidate will have a knowledge base of the consumer sector but be willing to grow and expand knowledge into other sectors
• Positive attitude with a willingness to attack challenging intellectual problems with energy, even in areas of technical difficulty or unfamiliar terminology

Compensation anticipated to be $135-200k + discretionary bonus + outstanding benefits.

Working at Alger

Alger is an entrepreneurial, privately owned firm which encourages and empowers its employees to be intellectually curious and continually improve. We seek individuals who can think independently yet work collaboratively, are motivated to be best in class, challenge the norm and have fun while doing it. Alger values its employees and rewards them accordingly.

Alger provides ample training (see below) to employees and encourages employees to grow in their roles. This culture of continuous improvement is reflected by the fact that many Alger employees have worked at the firm for more than 10 years.

We offer a comprehensive personal wellness program that provides resources to help you take charge of your physical well-being, encourage a healthy lifestyle and better manage health care costs. Alger also provides its employees with numerous ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans and more. Underlying our financial wellness program is a strong educational platform.

We’re focused on helping employees more easily manage their work and personal lives. Our life management programs include paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program and helpful employee assistance programs.

To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page

https://www.alger.com/Pages/ProfilesinSuccessIntroduction.aspx

Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger’s policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law (“Protected Characteristic”). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.

Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.

Website: www.alger.com

Fred Alger & Company, LLC is an Equal Opportunity Employer.