Job Description

Associate, Investment Financial Analysis

Avoro Capital is a leading global investment firm focused primarily on funding and investing in life sciences, biotechnology, and specialty therapeutics. Avoro’s expertise spans both public and private markets, with a mission to support the advancement of science and innovation through investments ranging from pre-clinical to mature commercial stage, novel therapies. Avoro specializes in investments in opportunities across the spectrum of therapeutic areas, technologies, and stages of development driven by the foundational belief that a deep understanding of the fundamental science, and/or hands-on experience with medicine are essential tools for making investment decisions in the sector. 

Headquartered in New York, over the last decade, Avoro Capital has emerged as one of the largest global life sciences investment firms in the country. With a keen eye for scientific advancements that have the potential to address unmet medical needs, Avoro Capital’s goal is to identify unique or mispriced investment opportunities. Avoro Capital also provides companies with financial and intellectual support over the investment’s lifecycle while being proactive and vigilant about managing risk.

Avoro Capital is seeking a highly analytical and detail-oriented Biotechnology/Healthcare investment analysis Associate with a strong focus on financial modeling. The individual in this role will work as a member of one of the investment analysis groups focused on a therapeutic area or market segment for current and potential public company biotech/healthcare investments. Reporting to a senior investment team member – an experienced healthcare investing expert – the Associate will develop and maintain complex financial models and provide actionable investment recommendations to support portfolio management and strategic decision-making.

Responsibilities include (but are not limited to):

• Apply advanced financial modeling skills to conduct diligence on new investments and ongoing analysis of existing investments.
• Build, maintain, and refine detailed financial models – including three-statement models, DCF, scenario, and sensitivity analyses – to forecast company performance and assess valuation metrics.
• Assess financial statements to evaluate company health, profitability, and risk profile.
• Analyze and utilize financial models and make recommendations.
• Automate and streamline financial modeling processes to improve efficiency and accuracy.
• Communicate complex financial concepts clearly to both financial and non-financial audiences.

The Associate role is demanding but rewarding and is a key position within Avoro’s investment team. This role requires curiosity and passion for the biotech/pharmaceutical industry, drug development, and commercialization. Success in this role requires a combination of healthcare market understanding, analytical abilities, critical and creative thinking, and strong interpersonal skills. The position offers extensive exposure to the investment process, making it ideal for individuals early in their investment careers.

Desired technical qualifications:

• Bachelor’s degree in finance, accounting, economics, or a related field (Master’s degree or MBA preferred).
• 1–3 years of experience in biotech/healthcare analysis (buy side or sell side), investment banking, or consulting, with a focus on financial modeling.
• Advanced proficiency in financial modeling and Microsoft Excel; experience with VBA or other modeling tools is a plus.
• Basic understanding of fundamental drug development research, preclinical/clinical data, and/or translational medicine.
• Understanding of healthcare finance, drug commercialization and reimbursement, and regulatory requirements.
• Experience with financial databases and research tools (e.g., Bloomberg, FactSet) preferred.
• Excellent analytical, quantitative, and problem-solving skills with high attention to detail.
• Ability to interpret large data sets and extract meaningful insights for decision-making.

Desired personal qualifications:

• Strong written and oral communication skills.
• Organized, detail-oriented, and hard-working in an entrepreneurial environment.
• Highly efficient with strong problem-solving abilities.
• Strong work ethic, tenacity, and adherence to the highest standards of integrity.
• Ability to work independently and multitask within a team environment.
• Highly ethical with ability to work effectively under pressure and meet deadlines.

The candidate must be able to work from the company’s office in New York City. Periodic travel is required.

No phone calls, please. Applicants will be contacted within two weeks if Avoro would like to schedule an interview

In accordance with Section 8-107(32) as set forth in the New York City Human Rights Law, the minimum and maximum base annual salary for this role is as follows:

Base Salary: $125,000 – $150,000

Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at Avoro, which may include, depending on eligibility and other job-related factors, year-end incentive compensation. In addition, Avoro provides a variety of benefits to employees, including health insurance coverage (Medical, Dental, Vision), life and disability insurance, paid holidays, sick and vacation time off.

Avoro does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, genetic information, military or veteran status or any other basis that is prohibited by applicable law.  Avoro is committed to ensuring that employment opportunities are available to all employees and applicants, based solely on job-related criteria.