Junior Research Analyst

Southeastern Asset Management, Inc. (SAM), an investment advisor founded in 1975 with approximately $5 billion in assets under management, has an immediate need for a Junior Research Analyst at our headquarters in Memphis, TN. You will be joining a team that is small enough for you to make a difference day one, yet large enough for us all to cover the world.

We are value investors focused on delivering superior long-term absolute returns while minimizing the risk of permanent capital loss. We invest for the long-term in concentrated portfolios of publicly traded, competitively entrenched, well-managed businesses purchased at steep discounts to their intrinsic values. SAM manages investments for clients through separately managed accounts and as advisor to the Longleaf Partners Funds, a series of four US mutual funds, as well as two Irish-domiciled UCITS funds.

SAM has built its corporate culture around the concept of partnership with clients and employees. We have been able to maintain this culture by operating based on the following values:

•         Hiring individuals who exhibit strong character, an ability to think independently while working with a team, and a passion for the firm.

•         Complete alignment of interest with clients through 100% employee ownership, a conflict free business model focused on investment management, and a Code of Ethics that requires each employee to invest alongside clients (we are collectively our own largest client).

•         A unique and disciplined investment philosophy that has been consistently applied for over four decades through multiple market cycles.

The Junior Research Analyst position reports to the Head of Research and will primarily work with the Research Team based in Memphis, while sometimes working with other teams at SAM. A successful candidate will possess knowledge of equity investing and an ability to perform in-depth security analysis. They will also exhibit the ability to collaborate with others and demonstrate a desire to improve the overall firm.

If you have an interest in this position and believe you have the requisite qualifications, please send your resume to jobs@seasset.com with “Junior Research Analyst” in the Subject line.

Additional information about SAM is located at: www.SoutheasternAsset.com.

Job Description

Department: Research

Job Title: Junior Research Analyst

Reports To: Head of Research

Primary Functions

Serving as a member of SAM’s global research team. This includes a complete understanding of SAM’s investment methodology and a willingness to do a variety of projects to help us better understand existing and prospective investments.

Operating as a “student of value investing” and developing assessments of investments. This includes evaluating competitive advantages and drivers of future growth and then translating that work into a quantitative appraisal of the target company’s value.

Putting together background and supporting materials (financials, news runs, spreadsheets, etc.) on companies under investigation. 

Taking extensive notes during company analyst days and management meetings and writing those up for distribution to the investment team. Interviewing and interacting with senior management teams of potential and existing holdings.

Monitoring and providing periodic updates to the research team on changes in assigned companies’ financial results, news releases, forecasts, personnel changes, etc.

Serving as a “devil’s advocate” in order to counter other team members’ investment cases.

Maintaining the M&A transactions database.

Personal Characteristics

Curious and eager to learn about various topics, industries, companies and people.

Well-developed interpersonal skills. Ability to get along well with diverse personalities in a collaborative way.

Comfortable meeting deadlines while performing multifaceted projects in conjunction with normal activities.

Able and willing to relocate to Memphis, TN.

Qualifications

•         University degree, preferably with courses in Finance, Accounting or related areas. Other areas of study will be considered if an applicant has relevant training and work experience to develop needed skills.

•         A minimum of 6 months of work experience in equity research, investment banking or another relevant role.

•         Familiarity with and ability to manage job responsibilities using the Microsoft Office suite (Word, Excel, Outlook, etc.).

•         Experience with research tools, such as Bloomberg and FactSet, is preferable.

•         Strong writing skills.

•         Chartered Financial Analyst (CFA) charterholder or CFA candidate preferred.

•         This role will require traveling at short notice.