Job description
Lead Research Analyst
• Institutional Equities (Mumbai)
Sectors: BFSI, Healthcare, Capital Goods, Building Materials.
Looking for a Lead Research Analyst to manage end-to-end equity research coverage for our Institutional Equities division, with primary focus on BFSI, Healthcare, Capital Goods and Building Materials sectors.
You will generate differentiated, high-conviction research that drives investment decisions for our institutional buy-side clients
• mutual funds, insurance companies, FPIs, family offices, while simultaneously informing the investment strategies of our AIF, PMS, and HNI advisory businesses.
KEY RESPONSIBILITIES:
Research & Analysis:
- Financial Modelling: Develop, maintain, and enhance detailed financial models
• earnings forecasts, revenue builds, segment-level projections, balance sheet modelling, and DCF/SOTP/relative valuations using appropriate methodologies.
• Research Reports: Produce high-quality initiating coverage reports, thematic pieces, sectoral deep-dives, quarterly earnings previews/reviews, and timely stock-specific update notes that generate client engagement and trading ideas.
• Differentiated Insights: Go beyond consensus.
Conduct channel checks, supply chain analysis, management interactions, plant visits, and primary data analysis to develop proprietary insights that give our clients an information edge.
• Conviction Calls: Develop and maintain a track record of high-conviction BUY and SELL recommendations with clear catalysts, target prices, and risk-reward frameworks.
Your best ideas should be bold enough to move capital.
Client Engagement:
- Institutional Relationships: Engage directly with institutional buy-side clients
• mutual funds, insurance companies, pension funds, FPIs, and family offices
• to present research views, discuss investment ideas, and build long-term advisory relationships.
• Corporate Access: Facilitate and lead corporate access initiatives
• management meetings, investor conferences, non-deal roadshows, plant/site visits, and sector roundtables
• that deepen client engagement and strengthen Monarch's institutional franchise.
• Client Feedback & Rankings: Drive research output quality that earns client recognition, positive feedback, and rankings in institutional surveys such as Asiamoney, II, and other industry polls.
Team & Culture:
- Ownership: Take full ownership of your sector coverage.
You are not writing reports for approval
• you are building a franchise within a franchise.
Your sector is your business.
• Mentorship: Guide and develop junior analysts.
Build a culture of intellectual rigour, original thinking, and accountability within the research team.
Location: Mumbai (BKC)
Experience: 7 - 15 years in equity research with strong coverage of Indian companies across BFSI, Healthcare, Capital goods and Building Materials.
Qualification: Postgraduate in Finance, CA, MBA, or CFA (USA) - will be a strong advantage.
Reports To: Head of Research / CEO
Compensation: Competitive, commensurate with experience. ESOPs for exceptional performers.
