Biotech Equity Research, Associate
Canaccord Genuity
New York, NY
Job Description
Position Overview
Have you, on more than one occasion, found yourself going down a PubMed wormhole after listening to a particularly interesting podcast? Are you a scientist who has also contemplated becoming an investigative journalist because you love to chase down clues, connect dots, and tell a compelling story to a variety of different audiences? Do you know how to link up an IS, CF, and BS? If not, did you already start Googling/asking ChatGPT to figure out what that meant and how to do it?
Canaccord Genuity LLC is seeking a driven, self-motivated candidate for equity research associate position on biotechnology team. The position is based in Manhattan. This associate will work closely with senior analysts to support biotech coverage, with a focus on companies working in the genetic medicine and rare disease spaces.
Overview
Canaccord Genuity is the global full-service investment banking division of Canaccord Genuity Group Inc. (TSX: CF, LSE: CF.), offering institutional and corporate clients idea-driven investment banking, merger and acquisition, research, and sales and trading services from offices in 10 countries worldwide. Our team of over 800 capital markets and advisory professionals has industry and transactional expertise in several key sectors of the global economy. We are committed to providing valued services to our clients throughout the entire lifecycle of their business and operating as a gold standard independent investment bank.
We are driven to achieve for our clients, our shareholders and each other – our people and culture are at the heart of our success. No matter what your role, you have the opportunity to make a positive difference through your ideas and hard-work and be rewarded for your performance. Working at Canaccord Genuity offers performance-driven individuals an opportunity to do the most rewarding work of their careers. Our employees experience the best of both worlds: access to global resources and capabilities, and the responsiveness and agility of an independently owned firm. We are driven by your success.
Key Responsibilities:
· Conduct primary and secondary research evaluating new and existing therapeutics by analyzing scientific literature, attending medical conferences, and speaking with company management teams and key opinion leaders
- Translate scientific and medical information into financial projections
- Dissect company earnings releases and regulatory filings to develop understanding of financials and corporate strategy
- Use projections and company financials to build models and assess company valuations; maintain/update models on an ongoing basis
- Write industry and company specific reports to communicate findings to institutional investors, sales, and trading
- Monitor company and industry news flow with ability to filter signal from noise as it relates to the potential of new information to impact financial projections and/or stock trading
- Build relationships and maintain lines of communication with internal and external stakeholders
Required Qualifications:
· Bachelor’s degree in Biochemistry/Biology, Bioengineering, or related field; Advanced degree is a plus but not required
· The following licenses will be required soon after starting the position, but are not prerequisites for consideration: the SIE (or Series 7 for those licensed prior to October 2019), Series 63, Series 87 and either the Series 86 or a FINRA waiver for those who have completed CFA II
Knowledge, Skills & Abilities:
· Intellectual curiosity
· Desire to work in a fast-paced, small team environment where priorities can change quickly
· Exemplary written and communication skills – ability to clearly convey ideas to a diverse audience *and* be a great listener
· Aptitude for working independently balanced with strong interpersonal capabilities to work effectively in a team environment when needed – committed to meeting deadlines in either case
· High degree of attention to detail
· Strong financial modeling skills, or desire to learn… quickly
Compensation: $110k - $120k
This role is eligible for an annual discretionary bonus and a generous benefits package in addition to the base salary. The success of the firm, your team, and your individual performance will determine the trajectory of your career and total compensation.
Benefits Overview:
At Canaccord Genuity, your wellbeing matters. Joining our firm means being part of a workplace that not only values your contributions, but also invests in your overall health and wellbeing. We are glad to discuss our benefits with you in detail, and are pleased to share this overview:
Paid Time Off
- 15 days of paid vacation accrual per year
- 20 days of vacation accrual after 3 years with the firm
- Unlimited sick days
Health & Wellness
- Medical and dental insurance
- Vision insurance - 100% company-paid benefit
- Employee Wellness Program - 100% company-paid benefit
o Available to all employees and members of their household 24/7/365
o Mental health benefits: 3 free therapy sessions per occurrence per year
o Support and guidance for everyday issues including, but not limited to, legal consultation, financial expertise, child or elder care, home repair, housing needs, adoption, etc.
o Access care on-demand via phone, over live chat, email, or in-person
- Life insurance - 100% company-paid benefit
- Short-term disability insurance - 100% company-paid benefit
- Long-term disability benefits
- Pet insurance
- Equinox partnership
Financial Benefits
- 401(k) with employer match
- Employee Stock Purchase plan with employer match
- Commuter pre-tax benefits
- Tuition reimbursement
Driven by diversity and inclusivity
Canaccord Genuity is committed to encouraging a diverse workforce and to promoting a respectful and inclusive culture in which everyone has the opportunity to thrive and realize their potential. We recognize that diversity across our business strengthens relationships, enables more innovative solutions for our clients, as well as creating a more stimulating place to work.
Building and developing a truly varied team of talented people from all walks of life is essential for tackling new global challenges, adapting to changing markets and appealing to an increasingly diverse client base.
Canaccord Genuity and its affiliates do not use text messages for recruitment purposes. If you have received a text message claiming to be from CG or an authorized representative regarding job recruitment, please treat as fraudulent and do not respond.