Research Analyst at Elvaridah

Reports To: Head of Research / Chief Investment Officer

Job Summary

• We are seeking a highly analytical and detail-oriented Research Analyst to join our Capital Markets team.
• The ideal candidate will be responsible for conducting in-depth research on equities, fixed income securities, macroeconomic trends, and financial markets to support investment decisions and portfolio management.
• The role requires strong financial analysis skills, the ability to interpret market data, prepare investment reports, and provide actionable insights that drive sound investment strategies.
• The successful candidate will work closely with portfolio managers, investment analysts, and other stakeholders to monitor market developments, evaluate investment opportunities, and contribute to the firm's research publications and client advisory services.

Key Responsibilities

• Conduct fundamental and quantitative research on publicly listed companies, industries, and sectors.
• Analyze financial statements, company earnings, valuations, and operating performance.
• Monitor local and global capital market trends, macroeconomic developments, and regulatory changes affecting investment decisions.
• Prepare detailed equity research reports, investment notes, market commentaries, and sector outlook reports.
• Develop and maintain financial models for company valuation and investment analysis.
• Perform comparative analysis using valuation methodologies such as DCF, Comparable Companies, EV/EBITDA, P/E, and Price-to-Book ratios.
• Analyze fixed income instruments including Treasury Bills, FGN Bonds, Corporate Bonds, Eurobonds, and Money Market instruments.
• Support portfolio managers with investment recommendations based on research findings.
• Track economic indicators including inflation, exchange rates, GDP, interest rates, and monetary policy decisions.
• Prepare weekly, monthly, and quarterly market performance reports.
• Present research findings to internal stakeholders and clients where required.
• Maintain databases of market information, financial data, and research materials.
• Stay abreast of developments within the Nigerian capital market, global financial markets, and emerging investment opportunities.
• Assist in developing investment strategies aligned with client objectives and market conditions.

Requirements

• Bachelor's Degree in Finance, Economics, Accounting, Business Administration, Statistics, Mathematics, or a related discipline.
• 3–5 years' experience in investment research, equity research, capital markets, investment banking, asset management, or financial services.
• Experience conducting equity and fixed income research is highly preferred.
• Strong understanding of the Nigerian capital market and global financial markets.
• Experience preparing investment research reports and financial models.
• Knowledge of macroeconomic analysis and investment valuation techniques.
• Familiarity with SEC regulations and capital market operations is an advantage.
• Progress toward or possession of professional certifications such as CFA, CIS, ACA, ACCA, or FMVA is an added advantage.