Equity Research Associate - Industrials

What is the opportunity

RBC is growing in Australia and is looking for a candidate to add to the Australian Equity Research team based in Sydney or Melbourne. We are looking for a suitably qualified candidate with an avid interest in financial markets. Candidates will be responsible for fundamental analysis of Australian companies operating across the Global Industrials sectors.

RBC provides investment research to institutional fund managers in Australia and offshore. Companies covered vary from established large cap businesses to emerging small cap companies. Associate roles primarily provide research support to Lead Analysts. As you develop your career pathway includes assuming lead coverage of some companies in your own right depending on your experience and track record of performance in the role.

What will you do

• Understand what companies under coverage do how they do it and the market environment in which they operate.
• To understand and be able to build and update company financial models in Microsoft Excel.
• Understand how the companys profit and loss balance sheet and cashflow statements interrelate and be able to build and link the core items of these financial statements in Microsoft Excel.
• Be able to update historical company financials from available public data sources.
• Understand the key drivers of a companys earnings profile and be able to forecast future earnings estimates.
• Understand how to value a company using different valuation methods e.g. DCF valuation methodology comparable company and multiples analysis.
• Generate high quality research reports and presentations.
• Build and maintain databases of key industry data points.
• Support the Lead Analyst to promptly respond to institutional client queries.
• Identify key operational and earnings risks of companies under research coverage e.g. competitor ESG macro commodity price geopolitical etc.
• Establish key industry contacts to assist in forming a comprehensive view of the company and the operating environment.

What do you need to succeed

Must-have

• Strong interest in equity markets and finance.
• Willingness to learn and analyse industry sectors and companies.
• Undergraduate degree with a focus on Business Commerce Economics Mathematics Engineering Computer Science or similar field.
• Minimum 2-3 years full-time work experience preferably in an equity research role or corporate finance role at a bank stockbroking firm investment fund or accounting firm.
• Excellent writing and communications skills with the ability to interact with the CEO CFO and IR personnel of the companies under coverage.
• High attention to detail and accuracy.
• Strong skills across Microsoft Office applications primarily Excel Word and PowerPoint.
• Ability to source data and concisely summarise information from multiple sources e.g. online databases government statistics journals trade publications etc.
• Ability to work independently and under pressure in a high paced environment.
• Flexibility to travel when required.

Nice-to-have

• CFA qualification or
• An accounting qualification or
• Relevant post-grad qualification.
• Work experience in industrial companies and/or sectors.
• FactSet or Bloomberg experience.

Whats in it for you

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.

• A comprehensive Total Rewards Program with competitive compensation bonuses and stock where applicable.
• Leaders who support your development through coaching and managing opportunities.
• Work in a dynamic collaborative progressive and high-performing team.
• Access to a variety of job opportunities across businesses and geographies as you develop over time.

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race colour religion sexual orientation gender identity age disability or any other legally-protected factors.

Agency Notice

RBC Group does not accept agency resums. Please do not forward resums to our employees nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resums. Please contact the Recruitment function for additional details.

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best effectively collaborate drive innovation and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect belonging and opportunity for all.