Equity Research Associate - REITs

Location:

About the Business:

KeyBanc Capital Markets (KBCM), one of the nation's leading providers of investment research, combines deep domain expertise with an interconnected research approach to identify dynamic companies capitalizing on opportunities in changing industries. By bringing multiple points of view to a company, industry and thematic shift, clients benefit through early identification, deeper insights and better investment decisions. Additionally, we go beyond traditional fundamental equity research, and augment our differentiated channel checks and industry contacts with deep quantitative analysis.

Today, we cover more than 600 individual companies across industries including:

Consumer & Retail | Healthcare | Industrial & Basic Materials | Oil & Gas | Real Estate | Utilities, Power & Renewables | Technology

To learn more about our Equity Research team, click here.

Primary responsibilities include:

• Develop and apply expertise in the assigned sector.
• Write research notes and synthesize key information using critical thinking, aligned with industry standards and benchmarks.
• Analyze financial statements, SEC filings, supplemental financial data, and other relevant materials.
• Build and maintain earnings models, identifying revenue and value-add drivers with a forward-looking perspective.
• Communicate with internal and external clients, industry contacts, and company management teams regarding sector and stock insights.

Responsibilities:

• Collect, evaluate, and apply statistical and financial data related to the economy and financial markets, with a focus on common stocks in specific industries.
• Analyze and synthesize research findings to identify trends and support investment decision-making.
• Formulate and issue opinions and recommendations on securities and companies within assigned industry groups.
• Prepare reports, recommendations, and statistical data, including financial modeling, to support the firm's investment strategies.
• Respond to inquiries from internal stakeholders regarding specific securities or industry sectors.
• Contribute to firm publications and prepare special studies, models, forecasts, and presentations for internal and external use.
• Conduct interviews with company executives and industry leaders to gather insights and maintain information sources.
• Perform other duties as assigned, which may evolve over time.
• Adhere to all KeyBank policies and procedures, including professional conduct, ethical business practices, and prioritizing client interests.

Required Qualifications:

• Bachelor's degree in Finance, Accounting, or Economics.
• CFA, CPA, or FINRA Series licenses is a plus.

Experience Qualifications:

• Candidate should possess strong skills in accounting, finance, quantitative analysis, business writing, modeling, forecasting, and valuation.
• Proficiency in excel and a strong academic record are required.
• Candidate should have 1+ years of relevant experience (investment banking, equity research, or another analytical role) and an interest in research and the stock market.
• Prior experience in commercial real estate with >1 property types is a plus

Licenses and Certifications

• Candidates will be required to complete the FINRA Series SIE, 7, 63, 86, 87 licenses.

Tactical Skills

• Strong communications and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Strong excel and financial modeling skills.
• Experience working with Bloomberg, FactSet, Thomson Reuters, or CapIQ is a plus.

Personal Skills

• Collaboration: Demonstrates experience in participating in productive collaborative processes that help solve business problems and meet business goals.
• Critical Thinking: The ability to identify, obtain, and organize relevant data and ideas and prioritize concerns in the decision-making process.
• Adaptability: Demonstrates a willingness to listen to other opinions and adjusts to new or changing assignments, processes, and people while avoiding snap reactions.

Practical Skills

• Analytical Thinking: Uses logic and intuition to make inferences about the meaning of data and arrives at relevant conclusions; makes a systematic comparison of two or more alternative solutions.
• Business Acumen: Demonstrates a big picture understanding of the business, its interrelationships, and priorities; demonstrates strong foundations of business fundamentals, measurement, and business finance.

COMPENSATION AND BENEFITS

• This position is eligible to earn a base salary in the range of $85,000 to $150,000 annually depending on location and job-related factors such as level of experience, education, licenses, and certifications. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.