Equity Research Analyst (FMCG Sector) at Rand Merchant Bank

To provide insight and thorough analysis of a company, entity or sector and present this information in a way that is easily understood and usable by investors to decide how to allocate fund. The role requires the candidate to provide equity research coverage for assigned sector(s) in the Nigerian and other sub-Sahara African equity markets as well as offer investment recommendations to investors in these markets, with the aim of ensuring that the assigned sector research coverage is a leading franchise with investors.

Responsibilities:

The successful candidate will be responsible for the following:

• Build and maintain financial and valuation models of companies in the FMCG sector across the African markets.
• Initiate research coverage on FMCG and any other assigned sectors, producing insightful research reports, regular maintenance research as well as thematic research reports.
• Maintain and build industry database for sector under coverage.
• Provide in-depth analysis on equities covered to domestic investors and foreign institutional portfolio managers to aid investment decision.
• Write call notes and present investment recommendations, background and breaking information on covered companies to the equity sales team in order to drive trades.
• Prepare presentation for internal and external use such as for daily market analysis and road shows, as well as teach-ins.
• Commit to a dry-run presentation with team mates and other approved personnel before embarking on a road show.
• Manage non-deal road show meetings with covered companies and investors.
• Attend investor conferences, involved in planning RMB’s business and investors, conference and participate in corporate earnings calls of covered companies.
• Have and maintain a good relationship with senior level executives of sectors being covered or considered for coverage to provide corporate access to RMB’s clients.
• Assist the Head of Research in any other role towards achieving departmental as well as organizational goals.
• Provide inputs in the preparation of the RMBNS monthly trade ideas (stock picks) report.

Qualifications and Experience:

• 3 – 6 years’ experience working as a sell-side analyst in a reputable brokerage firm in Africa.
• BSc. in relevant fields. A CFA (completed or in-view), MBA or MSc in finance could be an added advantage.
• Must have a valid travel passport and must not have restrictions on travels to countries globally.

General Competencies:

• Self-starter, ready to work in a fast paced, entrepreneurial environment and has an open
• Very confident and must possess excellent communication skill as position involves regular and face-to-face interactions with portfolio managers / investment analysts.
• Strong working relationship with domestic and foreign institutional investors.
• Excellent use of Microsoft Office tools – excel, PowerPoint, Microsoft etc.
• Good understanding of financial statement analysis as well as financial and valuation modelling.
• An excellent understanding of the securities markets – understanding how trends in other asset class impacts equities and vice versa.
• Highly analytical in thoughts and approach to data and report writing.
• Ability to interpret data in a meaningful manner and approach that offers clear information investment choices.
• Good understanding on research compliance, ethics and engagement between public and side of the business required.