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$125k–$150k/yr
Full-time
bachelor degree
Discretionary Bonuses, Health Insurance, Dental Insurance, Vision Insurance, Prescription Insurance, Stifel Total Health Connect
Posted 42d ago
Apply by Jun 25
~40 hrs/week
Responsibilities
The Associate III provides data gathering, financial modeling, and organizational support to senior research staff. They are responsible for maintaining Excel-based models, defending investment theses, and generating written research products for the P&C insurance sector.
Requirements
Candidates must have a bachelor's degree and 3 to 5 years of relevant industry experience. Proficiency in financial software like Bloomberg and FactSet, along with deep knowledge of Property & Casualty insurance metrics, is required.
Full job description
Why Stifel
Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.
Let’s talk about how you can find your place here at Stifel, where success meets success.
What You'll Be Doing
Under administrative direction, the Research Associate III is primarily responsible for providing information, data gathering, analysis, modeling, and organizational support to the Research Analyst and senior Research staff. A level III Associate has mastered the functions of a level II Associate and can perform all of the functions of an associate, including effectively filling the role of the Research Analyst in his or her absence. A Research Associate III is developing the ability to react to new information, assist in making judgment calls on stocks, and take a proactive role in helping build the franchise.
What We're Looking For
Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis.
Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
Analyze information obtained from management to conceptualize operational problems.
Perform validation and testing of models to ensure adequacy; reformulate models as necessary.
Building and updating comp sheets.
Managing databases and electronic data services (i.e. S&P Capital IQ, Visible Alpha, Bloomberg, FactSet, etc.)
Must be able to clearly state and defend the senior level Research Analysts investment thesis and outlook for each of the stocks under coverage.
Able to clearly apply, defend and/or develop valuation methodologies for the stocks under coverage and the broader sector.
Ability to react to new information and what it means to the stocks.
Deep knowledge of the Property & Casualty insurance space with command of P&C-specific metrics and concepts and fluency in GAAP and statutory financials and filings.
Proactively generate ideas that enhance research.
Respond to questions from institutional sales and clients regarding covered companies, and industry questions and data requests.
Generate report ideas and fully develop written product.
Meets the special project demands of the Research Associate VP.
Continues to build overall development of job knowledge.
Some travel by car and/or air in conjunction with local, regional, and/or national travel, up to 25%.
What You'll Bring
Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions.
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Time Management - Managing one's own time and priorities to ensure the meeting of deadlines
Oral and Written Expression - The ability to communicate information and ideas in spoken or written form so that others will understand.
Economics, Accounting, Finance, and Securities Analysis - Knowledge of economic, accounting, and financial principles and practices, the financial markets, the industry, the analysis and reporting of financial data, and associated terminology.
Education & Experience
Minimum Required: Bachelor's degree
Minimum Required: 3 to 5 years of relevant industry experience and/or proven experience at the Associate II level
Licenses & Credentials
Minimum Required: None
Systems & Technology
Proficient in Microsoft Excel, Word, PowerPoint, Outlook
Compensation Range
Salary: USD $125,000.00/Yr. - USD $150,000.00/Yr. Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.
About Stifel
In June of 1962, Harry Keefe, Jr., Gene Bruyette, and Norbert Woods founded Keefe, Bruyette & Woods (KBW) along with five other employees and $50,000 in capital. Together, the founders launched KBW with a vision of the future and a belief in personal accountability during a time when investors purchased bank stocks for the dividend yield alone. Few banks published balance sheets or earnings statements, and research was nearly nonexistent. With the addition of sales, trading, and research operations, and a clear focus on regional banks, the company has branched out since its founding. KBW is now widely considered the leading expert on all financial sub-sectors.
KBW, the Force Driving Financial Services Forward
#1 Best U.S. SMID Research for Banks
#1 Best U.S. SMID Research for Non-Bank Financials
#1 Best U.S. Industry Trading for Financials 2024 Coalition Greenwich Survey Results
Established in 1890, Stifel, Nicolaus & Company, Incorporated is one of the nation’s premier full-service financial services firms, providing brokerage, trading, investment banking, investment advisory, and related services to individual investors, professional money managers, businesses, and municipalities through more than 400 locations across the U.S.
Stifel ranks as the 7th largest brokerage firm in the country as measured by number of financial advisors, with approximately 2,300, and features a highly regarded equity research department that has earned numerous accolades from such publications as The Wall Street Journal, Forbes, and the Financial Times. In 2023, 2024, and 2025 Stifel was recognized as the No. 1 wealth management firm for employee advisor satisfaction, based on the J.D. Power U.S. Financial Advisor Satisfaction Study*.
Stifel is the principal subsidiary of Stifel Financial Corp. (NYSE: SF), a financial services holding company headquartered in St. Louis, Missouri. Stifel Financial Corp.'s other subsidiaries include Stifel Independent Advisors, LLC, an independent contractor broker-dealer firm; Stifel Nicolaus Europe Limited, the Company’s European subsidiary; Stifel Nicolaus Canada, Inc., our Canadian subsidiary; Stifel Bank and Trust and Stifel Bank, retail and commercial banks; and Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A, our trust companies.
*Based on the results of the J.D. Power 2025 U.S. Financial Advisor Satisfaction Study℠. For J.D. Power 2025 award information, visit jdpower.com/awards. Compensation provided for using, bot obtaining the award.
Offices: 501 N. Broadway, St. Louis, MO 63102, US
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How much do Science & Research jobs in New York pay?
Based on 3139 listings with disclosed salaries, most science & research jobs in New York pay between $73k–$200k per year. Individual offers vary with seniority, company size, and specialization.
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