DESCRIPTION:
Duties: Develop and update detailed financial models, including historical and projected results, related to the three financial statements (income statement, balance sheet, and cash flow statements) of coverage companies. Prepare detailed valuation frameworks for Chemicals businesses, using various financial modelling techniques including discounted cash flow (DCF), Sum-of-the-Parts (SOTP) and relative valuation methods such as free cash flow yield (FCF Yields), Enterprise Value to EBITDA (EV/EBITDA), and others. Gather publicly available data through regulatory filings, the Bloomberg Terminal and third-party consultant reports and analyze the data using advanced Excel features (including VBA macros, advanced indexing, look-ups, etc.). Perform core fundamental research on the Chemicals, Paper, and Packaging industries as well as the broader industrial ecosystem and the companies that comprise it. Conduct research through both formal and informal surveys of industry participants spanning many of the participants in the global chemicals sector. Remain up to date with latest regulations in the Chemicals sector, such as the inflation reduction Act (IRA) in the US, REPowerEU/Fit-for-55 package in Europe, green hydrogen infrastructure policies in China, and environmental emission norms (such as greenhouse gas (GHG) intensity), in addition to others. Generate ideas and incorporate research findings and views in compelling, in-depth reports related to coverage companies. Analyze and publish timely reports on monthly commodities trade data from China Customs releases. Respond quickly to actionable news events with efficient publication of shorter-length reports. Participate in conference calls and arrange meetings with investor relations and/or C-level company executives in the Chemicals industry. Work closely with sales force and traders to communicate industry views, interpret news and address client queries. This position requires up to 10% domestic and international travel.
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QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Quantitative Economics, Finance, Economics, or related field of study plus 2 years of experience in the job offered or as Equity Researcher, Equity Sales Associate, or related occupation.
Skills Required: Requires experience in the following: interpreting and generating well-reasoned financial projections of the three financial statements (income statement, balance sheet, and cash flow statements), incorporating historical trends, management guidance, supply-demand forecasts, and competitive dynamics; generating valuation frameworks for public equity using various financial modeling techniques including discounted cash flow (DCF), Sum-of- the-Parts (SOTP), and relative valuation methods including Enterprise Value to EBITDA (EV/EBITDA) and free cash flow yield (FCF Yields); communicating complex financial analysis and stock pitches verbally and in writing with institutional investors; analyzing global and regional commodities data; referencing international policies related to general economies and geopolitical dynamics in the industrials sectors; gathering publicly available data through regulatory filings, Bloomberg Terminal and various consultant reports; analyzing third-party data and regulatory filings using advanced Excel features including VBA macros, advanced indexing, and look-ups; drafting research reports incorporating data- driven analysis and actionable ideas in the public equity space.
Job Location: 383 Madison Ave., New York, NY 10179. This position requires up to 10% domestic and international travel. Telecommuting permitted up to 20% of the week.
Full-Time. Salary: $200,000 - $200,000 per year.
ABOUT US
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.