Investment Analyst - Public Equity
2 months ago
Madrid
Important: position is still open, we are patient in finding an excellent fit. Only full applications are considered. Instructions for submitting a full application are included below. ¿Está considerando presentar su candidatura para este trabajo? Compruebe todos los detalles en esta descripción del puesto y luego haga clic en "Solicitar". About Egram Capital Egram Capital invests in a concentrated portfolio of high quality publicly traded businesses in North America and Europe. The fund has a competitive advantage in being majority funded through permanent family office capital, allowing it to make investment decisions with a long-term time horizon. The fund was launched at the end of 2023 and its total assets currently stand at ~€80m. Ideal Candidate and Role The founder and investment advisor is looking for an analyst to join him in the process of building an independent-minded and long-term oriented investment firm. The candidate would be the 2nd analyst joining the investment team, which is expected to further expand as the firm grows. The ideal candidate should be entrepreneurial, ambitious, self-driven, curious and deeply passionate about reading and investing. Great candidates will have a flexible view of reality, with the ability to update beliefs based on new evidence. The candidate will (i) monitor current investments (quarterly earnings calls, expert interviews, model updates, etc.), (ii) source new investment ideas, (iii) expand the fund by helping source and pitch outside investors, (iv) develop and share new knowledge that could help improve the fund’s investment process and (v) help with operational processes natural to public equity funds. Compensation Competitive with similar finance roles based in Madrid in terms of salary (exact figures will depend on the individual’s experience). A material portion of compensation will be in the form of annual performance bonuses tied to the fund’s performance and the individual’s contribution (these can exceed 100% of salary in years when fund delivers outstanding results). A proven contributor that helps materially improve the fund’s investment process, business and results will be compensated accordingly, with compensation increasing as the firm grows. They will take on growing responsibilities as the fund scales, sharing in the upside they help create. Qualifications and Skills • Proven interest in investing, reading and learning, • Fluent in English (all work within the fund is in English), • 2+ years of work experience in an English-speaking setting, • Prior experience in investment banking/equity research/investment management/consulting is required, • Strong knowledge of accounting, • Advanced in financial modelling and Excel, • Great written and oral communication, • College degree or higher and a record of excellence in past pursuits (academic/work/other) Responsibilities • Real time coverage of portfolio companies, • Reading, analyzing and summarizing company filings, • Analysis of long-term financials, accounting methods and assumptions, executive compensation and incentives, • Listening to earnings calls and summarizing call takeaways, • Preparation of question lists for expert interviews (former employees, customers, suppliers, competitors, etc.) and for calls with investor relations professionals and management teams, • Reading and summarizing of transcripts from 3rd party expert interview networks, • Conducting interviews via expert networks (with former employees, customers, suppliers, competitors, etc.), • Creating and updating public company models, • Screening public company universe for potential investments, • Preparation of investor reporting and communication materials, • Other analyses/readings that could help improve the fund’s investment process Application Process Please share the following (in English) with : • CV/Resume, • One page (can be informally written) addressing the following:, • Why you want/like to work in investing, • Why this opportunity is a right fit for you at this point in your career, • Why you think you can make a good business partner, • Your favorite book and why, • Work authorization status for Spain (Spanish or EU citizenship/need of a visa/other), • Investment write up on any public company with a market cap of >€1,000m – maximum of 2 pages for the write up + 2 pages of appendices with any relevant graphs/charts/analyses. If your application is selected to move forward, you will receive an email about next steps. xcskxlj Please communicate exclusively via the application email: Thank you in advance for your interest.
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