Equity Research Associate- Healthcare Facilities & Managed Care

About the Role:

Wolfe Research is seeking an Associate to join its #1 Ranked Institutional Investor-ranked Health Care Facilities & Managed Care Team. The associate will report to the Senior Analyst and will be responsible for assisting in all aspects of the Health Care Facilities & Managed Care franchise including modeling, note writing, and helping to create data driven differentiated research analyses. As the Associate develops, responsibilities will expand to include communicating with clients and sales/traders, as well as participating in the creative process. The role requires exceptional analytical ability, accuracy, attention to detail, and strong critical thinking. Strong writing, modeling, Excel, and PowerPoint skills required. Experience in equity research, investment banking, public accounting, consulting or in the Health Care industry is preferred.

Responsibilities & Professional Experience:

• Technical & Analytical Skills: Interesting experience would include experience in the managed care industry including actuarial experience, accounting / financial statement analysis, experience working with large-scale datasets, including healthcare benefits, enrollment, and Star Ratings data. Proficient in building logic-based analytical frameworks both inside and outside of Excel (e.g., using automation tools, Python, or SQL). Skilled in manipulating, validating, and interpreting data to identify trends and develop actionable insights
• Demonstrated ability to generate ideas: work closely and communicate effectively in a time sensitive environment, ability to balance multiple priorities and meet deadlines, strong organizational skills, client service minded and strong writing skills. They will draft reports/notes on relevant investment themes, events, and breaking news
• Creative thinker with strong problem-solving skills: working with large data sets in Excel/Access, and ability to source and process information independently
• Strong communication skills: particularly an ability to write efficiently and concisely
• Other Technical skills: Bloomberg and/or FactSet skills helpful, advanced Excel (macros, pivot tables, conditional formatting, short cuts), and statistics (regression, variance, covariance, and correlations). Knowing how to build and update financial and valuation models for the companies covered
• Use mastery of Excel functions: shortcuts, developing complex logic formulas, mastery of reference formulas, ability to integrate graphics/data tables, formatting, and basic programming

Requirements:

• Min 2 years of experience in sell-side research (preferably on a Health Care Facilities/Managed Care team or other Health Care teams), actuarial background in Medicaid/ Medicare , on the buy-side, investment banking, public accounting, consulting or Health Care Facilities/Managed Care industry experience preferred
• Bachelor's Degree or higher form an accredited college or university, concentration in Finance, Accounting, Math, or Statistics preferred
• MBA, CPA, or CFA is a plus
• Advanced understanding of financial modeling, experience building and maintaining 3-statement models
• Series 7, 63, 86 & 87 is preferred, or expected to be completed within the first 6 months of joining
• Excellent written and verbal communication skills
• Must enjoy following the stock market and developing industry themes
• Eager to work in a fast-paced environment both independently and collaboratively
• Demonstrated academic ability with a minimum 3.5 GPA
• Comfortable working 10+ hour workdays and some weekends

At Wolfe Research we feel passionately about equal pay for equal work and pay transparency is an integral practice for that. The compensation for this role is market competitive with a base salary range of $100,000-$130,000. We intend to offer the selected candidate a base salary within this range, based on non-discriminatory factors including but not limited to skill set, job-related experience, and location. In addition, we offer an annual discretionary incentive bonus and competitive employee benefits including: medical, dental and vision coverage; life, accident and disability insurance. Wolfe also offers paid time off packages that include vacation, sick days/leave, paid holidays and paid parental leave.

About Wolfe

Wolfe Research, LLC is a premier independent sell-side research firm with a commitment to best-in-class content and ongoing strategic growth. We produce the most objective and distinguished research across our covered sectors, and deliver our services with intense care and specificity to each of our institutional clients. We strive for excellence in every facet of our business, and we will continue to differentiate ourselves by maintaining the highest standards for effort, client service, thoughtfulness, and integrity. Wolfe remains committed to providing a home for the top-ranked, most innovative and inspired analysts and sales people, and places significant emphasis and resources on mentoring talent.

The firm has established a leading reputation for sector and macro research. Our QES product provides leading stock selection models, cutting edge portfolio analytics and hedging tools, highly ranked ESG product, and back-tested alternative data. Wolfe Research’s analysts were voted #6 on a weighted basis for equity research during 2024 by institutional clients in the prestigious “Extel” (formerly Institutional Investor) All-America Research Poll, trailing only significantly larger bulge bracket firms, who have historically not been viewed as our peers.

We strive for excellence in every facet of our business, and we will continue to differentiate ourselves by maintaining the highest standards for effort, client service, thoughtfulness, and integrity. Wolfe remains committed to providing a home for the top-ranked, most innovative and inspired analysts and sales people, and places significant emphasis and resources on mentoring talent.

Wolfe Research recruits, employs, trains, compensates and promotes regardless of race, religion, color, national origin, gender identity or sexual orientation, disability, age, citizenship or other characteristics. At Wolfe Research, we strive to be the place where a diverse mix of talented people want to come, to stay and do their best work. We pride ourselves on bringing integrity and objectiveness to our research process and we know our company’s biggest strength is the hard work, collaboration and diverse views and opinions of our passionate and creative employees. We are fully focused on equality and believe deeply that diversity of race, gender, sexual orientation, religion, ethnicity, national origin and all the other fascinating characteristics that make us different, also make us stronger.