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Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska) Work Arrangement: Hybrid : Employee will work 3 days a week in a Lincoln office Relocation assistance: is not available for this opportunity. Requisition #: 76642 The Role at a Glance The primary purpose of this role is pricing support for Lincoln's Executive Benefits (EB) products, including COLI/BOLI and PPLI. You will contribute to the design, modeling, assumption setting, analysis, and state filing/regulatory compliance for new products, as well as regular rate-setting (crediting rates) and profitability analysis for existing, inforce products. You will have the opportunity to present your work to various stakeholders, including product management, pricing review, risk management, and senior leadership. You will work on products developed in partnership with the EB distribution team and will work across business units and functions, including finance and enterprise risk management. What You'll Be Doing Pricing Analysis Perform pricing analysis for new/redesigned Executive Benefits contracts and rider benefits, including COLI/BOLI and PPLI products. Determine appropriate assumptions and how to model new product features. Develop pricing strategies and provide consultation/clarification on actuarial models and risk issues. Collaborate with the product development and distribution teams on product design to meet or exceed profitability and sales objectives. Direct, develop, and/or run complex pricing models and analysis using MG-ALFA and product illustration software (Andesa) for EB contracts and rider benefits. Present results of analysis to team members, key business partners, and management. Risk Analysis Analyze risk management strategies, and various reserve and capital requirements. Evaluate the impact of potential product design changes on the reserve and/or capital requirement, profitability, and tail risks. Actuarial/ Technical Support Maintain existing actuarial pricing models and tools, and proactively identify and implement improvements. Develop tools and support product/relationship managers according to business needs. Provide actuarial support for state filing, tax qualification, and regulatory compliance for EB products. Pricing Documentation Prepare reports and presentations summarizing pricing analysis and results, including crediting rates, and documentation of assumptions and methodology. Special Projects Participate in ad hoc projects related to product development, implementation, inforce management, and corporate risk management initiatives. What We're Looking For 6+ years of experience in Actuarial positions Preferred to have FSA credential MG-ALFA modeling experience preferred; experience with product illustration software (e.g., Andesa) a plus Strong technical skills Comfort working with and communicating across various teams and levels of seniority Capability to be productive in a dynamic environment with changing priorities and responsibilities Application Deadline Applications for this position will be accepted through November 25th, 2026 subject to earlier closure due to applicant volume. What's it like to work here? At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future. What's in it for you: Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes Leadership development and virtual training opportunities PTO/parental leave Competitive 401K and employee benefits Free financial counseling, health coaching and employee assistance program Tuition assistance program Work arrangements that work for you Effective productivity/technology tools and training The pay range for this position is $120,375 - $192,600 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package. About The Company Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services. With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach. Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Follow us on Facebook, X, LinkedIn, Instagram, and YouTube. For the latest company news, visit our newsroom. Be Aware of Fraudulent Recruiting Activities If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters. Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious. Additional Information This position may be subject to Lincoln's Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln's current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities. Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial are considered property of Lincoln Financial and are not subject to payment of agency fees. Lincoln Financial ("Lincoln" or "the Company") is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex, age, national origin or disability. Opportunities throughout Lincoln are available to employees and applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling (866) 922-6543. This Employer Participates in E-Verify. See the E-Verify notices. Este Empleador Participa en E-Verify. Ver el E-Verify avisos.

Is the opportunity to join a culture where "We Do the Right Thing," and "We Courageously Shape Our Future Together" important to you? If so, Guardian is seeking a motivated individual to join our team as an Actuary, Group Benefit Pricing & Transformation. The successful candidate will lead and transform actuarial pricing capabilities across Guardian's Group Benefits portfolio, including dental, vision, absence and disability, life, and supplemental health offerings. This role requires deep actuarial pricing expertise, sound business judgment, an innovative mindset, and leadership skills to drive pricing sophistication and strengthen data-driven decision-making. You will Serve as a technical actuarial pricing leader and strategic transformation thought partner, connecting actuarial expertise with enterprise priorities, disciplined risk selection, emerging trends, and pricing adequacy. Manage pricing analyses, including experience monitoring, actual-to-expected reviews, assumption assessments, and profitability driver identification. Partner with senior leaders, pricing actuaries, data scientists, technology teams, and business stakeholders to modernize Group Benefits pricing tools and processes by integrating predictive analytics, automation, and AI-enabled decision support to improve pricing accuracy, consistency, and efficiency. Translate complex actuarial, financial, and technical analysis into clear, actionable recommendations for technical and non-technical audiences, including senior leadership. Lead and develop a team of actuarial professionals and students by setting priorities, managing performance, and building capabilities required for both pricing excellence and transformation delivery. You have Significant experience in Group Benefits pricing or related insurance disciplines, with a strong understanding of manual rating, experience rating, risk segmentation, rate adequacy, and profitability analysis. Strong analytical and technical capabilities to synthesize complex information, identify key drivers, evaluate emerging trends, and develop actionable insights and recommendations. Strategic problem-solving skills, with experience applying predictive analytics, machine learning, or pricing modernization solutions to improve business decision-making preferred. Ability to influence senior leaders, technical teams, and business stakeholders by translating actuarial pricing and transformation topics into clear business recommendations. Ability to manage multiple priorities and deliverables simultaneously. Demonstrated experience leading actuarial teams, including developing talent, setting priorities, and managing performance. At least 5 years of experience in the insurance industry and FSA designation from the Society of Actuaries. Reporting Relationship As Actuary, Group Benefit Pricing & Transformation, you will report to the Head of Group Benefits Pricing & Analytics. Location Hybrid role - 3 days in office in Hudson Yards, NYC or Bethlehem, PA office; 2 days WFH. In-person collaboration is essential to building trusted relationships and driving strategic alignment across the organization. Travel as determined by the People Leader. Salary Range: $152,290.00 - $250,195.00 The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation. Our Promise At Guardian, you'll have the support and flexibility to achieve your professional and personal goals. Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards. Inspire Well-Being As part of Guardian's Purpose – to inspire well-being – we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues. Explore our company benefits at www.guardianlife.com/careers/corporate/benefits. Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits. Equal Employment Opportunity Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law. Accommodations Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Guardian also provides reasonable accommodations to qualified job applicants (and employees) to accommodate the individual's known limitations related to pregnancy, childbirth, or related medical conditions, unless doing so would create an undue hardship. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact MyHR@glic.com. Please note: this resource is for accommodation requests only. For all other inquires related to your application and careers at Guardian, refer to the Guardian Careers site. Visa Sponsorship Guardian Life is not currently or in the foreseeable future sponsoring employment-based visas (e.g., such as an H-1B). In order to be a successful applicant, you must be legally authorized to work in the United States, without the need for employer sponsorship/support now or at any time in the future. Notice Regarding Guardian's Use of Artificial Intelligence in Recruitment As part of Guardian's job application process, Guardian may use artificial intelligence tools ("AI Tools") to automate the sorting and filtering of information provided by applicants as part of its preliminary screening. This preliminary screening may be used to help identify applicant materials and resumes relative to their indication that the applicant meets the requirements for the specific job for which they are applying, as specified in the listing posted on Guardian's jobs website (Careers at Guardian at https://www.guardianlife.com/careers). At Guardian, we do not use AI Tools to substantially assist or replace human judgment or discretionary decision making in our hiring process. All hiring decisions will be made by Guardian colleagues. Please be aware that if you apply for a specific position with Guardian, you will have the choice of opting out of Guardian's use of AI Tools during the job application process. If you would like to request an alternative process that does not utilize AI Tools or would like to request a reasonable accommodation, within ten business days of your position application, you must email your request to MyHR@glic.com, making sure to provide your name and job requisition identification number. Guardian will retain your applicant materials and resume and all information therefrom in accordance with Guardian's document retention policy, a copy of which you may request via MyHR@glic.com. Additionally, at applicable times, Guardian will make public the most recent bias audit results for such AI tools, which may be found here. Current Guardian Colleagues: Please apply through the internal Jobs Hub in Workday.

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture. Our Personal Lines team is currently seeking an Associate Actuary in our CT, MA or MI offices in a hybrid work arrangement. This is a full-time, exempt role. POSITION OVERVIEW: Takes a lead role on actuarial projects. Independently conduct analytical problem solving. Employees new techniques depending on project requirements, leveraging advanced analytics where appropriate. Present results and recommended actions consistent with the business strategy of the organization. Provides guidance to junior team members in the fulfillment of their duties. Pursuit of FCAS professional designation preferred. IN THIS ROLE, YOU WILL: Collaborates with other business members to identify and solve business problems. Leads meetings, able to influence business partners and articulate findings. Able to understand data and identify root causes behind trends. Recommends improvements to ratemaking processes, reserve methods, or other equivalent processes and procedures. Recommends, designs, and develops experience exhibits and analyses to interpret results, determine business strategies or solve business problems. Performs projects/analysis that require knowledge of advanced actuarial concepts/methods and/or advanced analytic approaches. Prepares necessary systems specifications. Accountable for responding to insurance department inquiries. Takes initiative to ensure compliance with various state and federal regulations. Capable of testifying at a rate hearing if necessary. Responsible for communicating results/issues to upper-level management. Develops leadership skills and provides coaching, mentoring and/or technical guidance to junior team members. May lead or participate in community recruiting and/or training activities. Employees are expected to meet the essential functions of their role, including maintaining regular, predictable and reliable attendance and adhering to their assigned work schedules. Onsite attendance requirements may vary by position and are subject to change based on business needs consistent with applicable law. Communicate effectively with internal and external stakeholders using appropriate channels, including phone, email, teams, and in person interactions as required. Ability to maintain sound judgement and attention to detail while managing multiple priorities under pressure in a fast-paced environment. WHAT YOU NEED TO APPLY: Bachelor's Degree Five or more years of technical experience in multiple LOB and/or actuarial disciplines, such as pricing, reserving or predictive modeling. ACAS Designation or higher or equivalent work experience. Possesses a detailed understanding of actuarial concepts/methods and the ability to research and employ new techniques depending on project requirements. Demonstrated ability to diagnose business problems. Advanced skills using Microsoft Office, including Excel. Intermediate programming skills, including the ability to develop and automate processes. Ability to multitask and meet all deadlines with quality product. Intermediate programming skills preferably SQL, including the ability to develop and automate processes Communication for Results - Expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand or are persuaded to act. Creates an environment that encourages and values the opinions of others and promotes sharing of information and ideas. Promotes and encourages people to speak up. Conceptual Thinking - Synthesizes facts, trends, inferences, and key issues and/or themes in complex situations. Recognizes patterns and relationships between apparently unrelated entities or situations. Mentoring/Developing Others - Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Creates an environment where employee ownership of self-development is encouraged. Supports continual development of staff through assignments, coaching, and training. Collaboration - Involves others to leverage additional knowledge or skills that lead to increased understanding. Obtains shared commitment to the improvement or success of an event or project. Relationship Building - Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important. Builds positive relationships with others to accomplish organizational goals. Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships. Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and goals, organization's standards, or current industry standards. CAREER DEVELOPMENT: It's not just a job, it's a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop. BENEFITS: We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed. Benefits include: Medical, dental, vision, life, and disability insurance 401K with a company match Tuition reimbursement PTO Company paid holidays Flexible work arrangements Cultural Awareness Day in support of IDE On-site medical/wellness center (Worcester only) Click here for the full list of Benefits EEO statement: The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law. Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law." As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:HRServices@hanover.com and include the link of the job posting in which you are interested. Privacy Policy: To view our privacy policy and online privacy statement, click here. Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here . Compensation: The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.

Job Description The Commercial Reserving team is seeking an actuarial professional to support financial forecasting, reserve valuation, and healthcare analytics initiatives. In this role, you will apply actuarial principles, statistical analysis, and business acumen to deliver insights that support strategic decision-making and the financial performance of our health plans. Working alongside a collaborative team of actuaries, you will provide actuarial expertise and consultative support to partners across Finance, Underwriting, Sales & Marketing, Network Management, Healthcare, and other business areas. What You'll Do Performs actuarial research, experience studies, and statistical analyses and calculations. Calculates premiums and reserves of new and existing plans of insurance. Provides support to senior analysts or actuaries as required. Retrieves and validates data for rate filings and actuarial models. Builds model enhancements and determines reasons for changes to calculated factors. Analyzes impacts of changes to product lines and segments. Communicates filing status to internal stakeholders and transmits rate filings to regulatory agencies (NCDOI, CMS). Retrieves and validates data for monthly reports and for UCL and ALR calculation. Supports valuation by executing ALR model and verifying results. Researches to support ALR assumption studies and UCL estimates. Distributes established reports and responds to inquiries. Investigates trends and anomalies. Executes control activities to support Enterprise Risk Management. Provides analytic support for corporate and departmental projects. Is a participant in good standing in the Actuarial Development Program What You Bring Bachelor's degree or advanced degree (where required) 2+ years of relevant actuarial experience. Related experience may be considered. Will also consider those that are about to graduate or have recently graduated. Must have completed at least 3 exams towards the eventual attainment of the ASA designation. In lieu of meeting minimum exam requirements, may consider additional relevant experience. In lieu of meeting minimum experience requirements, may consider ASA or more exams towards the eventual attainment of the ASA. At this time, Blue Cross NC will not sponsor employment authorization for this position . What You'll Get The opportunity to work at the cutting edge of health care delivery with a team that's deeply invested in the community. Work-life balance, flexibility, and the autonomy to do great work Medical, dental, and vision coverage along with numerous health and wellness programs. Parental leave and support plus adoption and surrogacy assistance Career development programs and tuition reimbursement for continued education 401k match including an annual company contribution Learn more Where You'll Work Our Hybrid Flex approach is built on presence with a purpose – giving you flexibility to work remotely with intentional in-person connection – that supports a workplace that's flexible, connected, and future focused. In a Hybrid-Flex role, you'll work in the office at least two days a week for collaboration and connection. In a Remote Flex role, you'll work virtually, with a few in-office visits each year for meaningful moments that matter. Whether your role is Hybrid Flex or Remote Flex depends on the nature of the work and distance from our Durham headquarters. We welcome candidates from outside the local area and in any states listed on this job posting. Onsite expectations will be discussed during the interview process. Salary Range At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs. Based on annual corporate goal achievement and individual performance. $81,068.00 - $129,708.00 Skills Actuarial Analysis, Actuarial Science, Analytical Support, Data Analysis, Data Verification, Experience Studies, Report Processing, Reports Analysis, Research Analysis, Researching JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: HR.Staffing@BCBSNC.com.

Our Human Capital practice is at the forefront of transforming the nature of work. As converging forces reshape industries, our team uniquely addresses the complexities of work, workforce, and workplace dynamics. We leverage sector-specific insights and cross-domain perspectives to help organizations tackle their most challenging workforce issues and align talent strategies with their strategic visions. Our practice is renowned for making work better for humans and humans better at work. Be part of this exciting era of change and join us on this transformative journey. Recruiting for this role ends on 11/1/2026. Work you'll do As an Actuarial Consultant on the Insights, Innovation & Operate team, you will be responsible for advising life insurance and annuity clients on actuarial modernization, business transformation, and analytical initiatives. Monitor life insurance and annuity product, market, and regulatory developments to anticipate client needs and inform solution design Redesign and modernize business functions including underwriting, new business, product development, financial reporting, modeling, and adjacent actuarial processes Support the deployment of tools, technologies, data sources, and analytics to improve stakeholder experience, reduce cost, and generate actionable insights Contribute to the design and deployment of proprietary models, algorithms, data sets, and other project accelerators in a consulting environment Collaborate with cross-functional teams and senior leaders to support solution development, sales efforts, actuarial assurance activities, and practice development initiatives A successful candidate would possess these skills: Ability to work independently and collaborate as part of a team Effective written and verbal communication skills Meticulous attention to detail and quality of work product Ability to build and sustain professional relationships Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment Strong interpersonal skills and professional demeanor Ability to meet deadlines Ability to provide clear guidance to others The team Insights, Innovation, and Operate Our Insights, Innovation & Operate Offering is designed to enhance key aspects of our clients' businesses by leveraging cutting-edge technology, data, and a blend of deep technical and human expertise. We innovate and deliver creative, industry-specific solutions that streamline operations and accelerate speed-to-value. Qualifications Required: Bachelor's degree 2+ years of actuarial experience supporting life insurance or annuity products Successful completion of 2 actuarial exams Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve Limited immigration sponsorship may be available Preferred: 2+ years of experience in product development, including product design, pricing, filing, and implementation across one or more distribution channels 2+ years of experience developing experience studies for life actuarial assumptions including lapse, mortality, and expense assumptions 2+ years of experience in assumption setting for pricing, forecasting, financial reporting, or embedded value applications 2+ years of experience building actuarial projection models for pricing, financial planning, asset liability management, or financial reporting 2+ years of experience in financial reporting using statutory, United States Generally Accepted Accounting Principles, International Financial Reporting Standards, or tax accounting methodologies 1+ years of experience supporting mergers and acquisitions, including purchase accounting The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $100,400 to $197,900. You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

BNP Paribas Asset Management ranks among the top three asset managers in Europe, following its merger with AXA Investment Managers and BNP Paribas Real Estate Investment Management. Its teams design and manage innovative investment solutions for individual savers, businesses and institutional investors worldwide. With liquid strategies, long-term savings solutions and an alternatives platform boasting more than 30 years of experience, BNP Paribas Asset Management is a key player and the European leader in long-term asset management, committed to supporting its clients in a changing world. Role/ Description And Purpose We have an excellent career opportunity for a Senior Equity Analyst (Role ID: R019281) on our US & Global Thematic Equity Team in the Boston office. This successful candidate will be responsible for generating alpha through fundamental research and actionable recommendations within the healthcare sector. The role will support the BNP Paribas Healthcare Innovators Fund, our US equity strategies (small, mid and large cap) and other relevant funds. Prior healthcare sector experience is required. The candidate will report to the Head of the US & Global Thematic Equity Team and will work closely with, and take direction from, the lead portfolio manager of the Healthcare Innovators Fund as well as the broader investment team collaborating regularly and supporting the investment process. Key Responsibilities Conduct industry and stock analysis within the healthcare sector in order to identify key industry trends and identify prospective equity investments. This involves, Collecting and analyzing clinical data Analyzing competitive market dynamics Evaluating barriers to entry Assessing market opportunities Analyzing the financial positioning and opportunities of prospective investments Assessing valuation, risk and reward Develop and communicate comprehensive investment theses, including: Rigorous industry and competitive analysis, assessing management quality, business models, market positioning, and competitive dynamics; Detailed financial modeling and valuation work, including identification of key value drivers, scenario analysis, and development of price targets; and Thorough risk assessment, incorporating financial, operational, and ESG (environmental, social, and governance) considerations. Monitor portfolio holdings in assigned industries. Maintain updated financial models and price targets. Recommend add/ trim trades as appropriate based on target price and market conditions. Share investment research and ideas with all portfolio managers within the US and Global Thematic Equity Team and, as appropriate, with the broader Fundamental Active Equity group within BNPP Asset Management. Participate in our team-based decision-making process for stock selection across all sectors. Work efficiently within, and provide input to improve, the existing investment process. Travel periodically to visit companies, attend industry conferences and attend investment conferences Support the sales team when required, through participation in client meetings and other activities Take primary coverage responsibilities (and ramp coverage) of the following industry groups as an investment analyst: Medical technology Life science tools and CRO's Diagnostics Healthcare services Support the lead portfolio manager in managing the relevant funds Collaborate with FAE peers to source ideas for healthcare stocks outside of the US Initiate trade requests for the relevant healthcare strategies and mandates, when the lead portfolio manager is not available Assist with monitoring positions held, portfolio construction decisions, and portfolio analysis (performance, risk profile, ESG profile, exposure to themes, exposure to factors). Maintain comparison spreadsheets to monitor financial and other metrics, in order to track stocks in the portfolio and on the monitor list, in covered industries Participate in client meetings, including periodic reviews with existing clients and meetings with prospective clients Aid in the analysis of portfolio performance and risk data Participate in healthcare sector pod meetings including the preparation of presentations of materials KEY INTERNAL RELATIONSHIPS Internal: Portfolio Management & Sales ROLE REQUIREMENTS: QUALIFICATIONS AND EXPERIENCE Experience conducting fundamental equity analysis within the healthcare sector Chartered Financial Analyst (CFA) qualification and/or MBA strongly preferred; CPA or finance/accounting degree may substitute Demonstrated ability to research, write and present comprehensive investment theses Ability to build extensive financial models in Excel; experience with FactSet or Bloomberg preferred Essential Skills/Competencies (technical / Behavioral / Leadership) Analytical Skills: Capable of identifying all key aspects of a subject, critically examine the key topics and synthesize a thesis without relying entirely on broker research Self-motivating: The individual is driven by curiosity to know more about subject matter Accuracy: Constantly attentive to the precision and thoroughness of the information sent and to the quality of the work product; ensures that errors are minimized. Takes initiative: Works proactively and independently, implementing work processes, ideas and solutions, including in situations where information is ambiguous. Organizational Skills: Sets priorities, plans actions and methodically monitors their progress by coordinating activities and resources in the best way possible. Results Driven: Seeks to achieve the objectives set within the defined timeframe, by acting with tenacity and by balancing costs and benefits. Continuously seeks optimum performance. Communication Skills: Expresses his / her messages, both orally and in writing, in an effective, organized way, which is appropriate to the audience being addressed. Teamwork: Knows how to work in a team and/or across teams, acts bearing common interests and respect for fellow team members. Client Focus: Does everything possible to achieve internal or external customer satisfaction by identifying the clients' needs and providing them with the appropriate solution taking into account the company's ethics and interests. Integrity: Understands and adheres to the highest standards of ethical conduct, respects the company's rules and values. Reflects on and learns from mistakes and setbacks. Conduct Be a role model, supporting and fostering a culture of good conduct. Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks. Consider the implications of your actions on colleagues, partners, and clients before making decisions and escalate issues to your manager when unsure. What's In It For You. Your engagement to unlock your potential and deliver high performance will be the driving force that will enable you to benefit from all that BNPP AM has to offer. As a Company, we recognize the value of Emotional Intelligence in the workplace as it enables effective collaboration, motivation, wellbeing, job satisfaction and sustainable performance at work. Culturally, we are more human than corporate so whilst high performance and strong expertise is a given, we value trust, empathy, and empowerment. In return, we can offer you things that money cannot buy: Dynamic career opportunities across the globe Volunteering initiatives to support our local communities and connect with our colleagues. The opportunity to contribute to our award-winning Sustainability efforts and join our community of Future Makers Access to a robust wellbeing program including mental health support and resources. An award-winning online learning and development platform Hybrid working A diverse and inclusive working environment where you can be your authentic self. Physical presence in office is an essential function of this position. This role has the flexibility of being hybrid, consisting of an in office and remote working component. The expected starting salary range for this position in Boston is between $150,000 to $200,000 annually. Actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location. Our firm is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Job Description At Piper Sandler, we connect capital with opportunity to build a better future. We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities. We are currently looking for an Equity Research Associate to join our Healthcare - MedTech group at our New York, NY office. Responsibilities Work in partnership with the senior analyst to conduct extensive company and industry research Create financial models and valuation analyses Write company reports, industry reports, and develop investment recommendations Form relationships with company management teams through meetings, calls, roadshows, etc. Make company visits and attend industry conferences As associates develop industry expertise, they will have additional responsibility for marketing their team's research and investment recommendations to our sales force and to institutional investors. Requirements 1-3 years of Equity Research or Investment Banking experience; Ability to thrive in a demanding and fast-paced environment that requires the ability to think quickly on one's feet and work independently A strong interest in the stock market and a demonstrated record of professional, academic and personal achievement Outstanding interpersonal and written communication skills Outstanding quantitative and organizational skills A strong competitive spirit balanced by a proven ability to work as part of a team Bachelor's degree in Accounting, Finance, Economics, Electrical Engineering or related degrees required Strong financial modeling experience required Strong interest in Healthcare, specifically the MedTech space Securities Industry Essentials, Series 86 and 87 required (or willingness to obtain) Progress towards CFA a plus As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. In equities, our sales & trading teams facilitate public offerings in our core sectors and dedicate significant levels of firm capital to ensure the highest aftermarket support. We are a market maker and/or transact in 2,500 securities, offering traditional, algorithmic and program trading approaches. Our 50+ senior analysts produce industry-leading, deep-sector research on more than 800 stocks under coverage, including one of the largest small/mid cap coverage universes on the Street. We also empower our investors with focused, best-in-class macro research. Our Institutional Investor top-ranked analysts utilize independent processes that provide impartial insights into economic trends, energy, portfolio strategy, technical analysis, policy actions and political developments. Learn more about our equities team here. Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee's health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here. The anticipated starting salary range for individuals expressing interest in this position is $80,000 - $125,000 per year. Placement within this range is dependent upon level of experience. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.

Job Description Jefferies Equity Research is seeking a senior research associate to join our Building Products and Paper & Packaging Team. The candidate will support a Senior Analyst and will be part of a team that conducts extensive industry, company and macroeconomic analysis. Responsibilities Senior Associate will work with the Senior Analyst on: Modeling financial statements and conducting fundamental research Writing actionable research reports on public companies Following and analyzing industry trends Maintaining relationships with company and industry contacts Interacting with Sales and buy-side clients QualificationsRequired Good Financial modeling skills Strong communication skills (verbal and written) Knowledge of finance and accounting Excellent analytical ability Strong interpersonal skills to enable development and maintenance of relationships with team members, buy-side clients and corporate contacts Team oriented, motivated individual Preferred 3-6 years of work experience in an analytical field like equity research (industrials / consumer background preferred), accounting, banking, consulting, and corporate finance. Primary Location Full Time Salary Range of $135,000 - $165,000. About Us Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments. At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients. Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law. The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.

Job Title: Equity Research Associate – Cardiology, Pulmonary & Endocrine Reports to: Sr. Equity Research Analyst Department: Equity Research Location: New York Salary Range: $110,000-$150,000 We are seeking a highly talented individual to add significant value to our equity research team. This individual will work directly with a Senior Managing Director to assist in preparing and executing analyses of specific areas within biotechnology, with a focus on commercial and clinical stage companies across a range of therapy areas: cardiology, pulmonary, endocrine, radiopharmaceuticals. The ideal candidate will have an innovative mindset, relentless intellectual curiosity, passion for biotech innovation and the stock market, and be a steadfast team player in a fast-paced environment. Previous relevant work experience is preferred. Primary Duties and Responsibilities: Formulate investment recommendations based on fundamental analysis, valuation and risk assessment of individual companies Leverage scientific and financial mindset in writing research reports on companies for distribution to the Leerink sales force and institutional clients Collect and analyze data (i.e., scientific papers, clinical trial data) on novel therapeutics Interview company executives and medical/industry key opinion leaders, take detailed notes, and apply resulting insights to developing leading-edge research reports Build, update and maintain financial models to inform investment recommendations Keep up to date on all sector-relevant market news and medical meeting presentations Answer inquiries from firm personnel and external clients Support senior equity research professionals by attending events of special interest (i.e., medical conferences, company events, investor meetings) Experience and Qualifications: Qualified candidates must be hard-working self-starters with a passion for leveraging their medical/scientific background & financial modeling skills towards equity research Prior industry/business experience strongly preferred: 1+ years of experience in sell-side equity research role, or 1+ years of experience in investment banking, VC / private equity, buy-side biotech investment, or top consulting firm role. Medical or scientific background a plus: MS, PhD, MD or PharmD preferred Fully licensed is a plus: Completion of all exams (SIE, Series 86/87, Series 63) is preferred Familiarity and knowledge of the biotechnology and pharmaceutical industries including clinical development, regulatory affairs, business development, and commercialization Excellent written & verbal communication skills and strong multi-tasking ability Ability to search, understand and synthesize scientific and medical publications Strong quantitative, financial modeling, forecasting and Excel skills Equal Employment Opportunity: Leerink Partners is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices. Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.

Job Description Jefferies is seeking an Equity Research Associate to support the U.S. Chemicals team. The ideal candidate will work closely with senior analysts to deliver in‑depth company and industry research across the U.S. chemicals sector, including commodity, specialty, and diversified chemical producers. The role requires strong financial modeling capabilities, robust analytical skill, and extensive experience writing and editing both short‑form and long‑form equity research reports. Responsibilities Will Include Creation and maintenance of detailed earnings, cash flow, and valuation models across the U.S. chemicals sector (including commodity, specialty, and industrial chemical companies). Use of advanced analytical workflows spanning Excel, Python, and AI technologies to support forecasting, scenario analysis, and data-driven insights. Extensive writing and editing of equity research publications, including earnings previews and reviews, thematic industry reports, and company-specific analyses. Analysis of industry and macro trends such as feedstock dynamics, pricing cycles, capacity additions, end‑market demand drivers, global supply chain developments, and other fundamental drivers. Key Qualifications Minimum 1 years of experience in equity research; Associate level. Extensive experience writing and editing short‑form and long‑form equity research reports. All requisite licenses required to be a publishing analyst. Significant hands‑on experience using Excel, Python, and AI tools in integrated workflows. Exceptional verbal and written communication skills. Extremely strong work ethic and commitment to teamwork. Detail‑oriented, with the ability to manage multiple projects in a deadline‑driven environment. Intellectual interest in equity markets, industrials, chemicals, commodities, and related sectors. Preferred educational or professional background: investigative journalism, engineering, forensic accounting, or roles involving substantial writing for publication (including academic research). Proficiency in Chinese, German and/or French is a plus. Primary Location Full Time Salary Range of $100,000 - $120,000. About Us Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments. At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients. Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law. The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.

BNP Paribas Asset Management ranks among the top three asset managers in Europe, following its merger with AXA Investment Managers and BNP Paribas Real Estate Investment Management. Its teams design and manage innovative investment solutions for individual savers, businesses and institutional investors worldwide. With liquid strategies, long-term savings solutions and an alternatives platform boasting more than 30 years of experience, BNP Paribas Asset Management is a key player and the European leader in long-term asset management, committed to supporting its clients in a changing world. Role/ Description And Purpose We have an excellent career opportunity for a Senior Equity Analyst (Role ID: R019281) on our US & Global Thematic Equity Team in the Boston office. This successful candidate will be responsible for generating alpha through fundamental research and actionable recommendations within the healthcare sector. The role will support the BNP Paribas Healthcare Innovators Fund, our US equity strategies (small, mid and large cap) and other relevant funds. Prior healthcare sector experience is required. The candidate will report to the Head of the US & Global Thematic Equity Team and will work closely with, and take direction from, the lead portfolio manager of the Healthcare Innovators Fund as well as the broader investment team collaborating regularly and supporting the investment process. Key Responsibilities Conduct industry and stock analysis within the healthcare sector in order to identify key industry trends and identify prospective equity investments. This involves, Collecting and analyzing clinical data Analyzing competitive market dynamics Evaluating barriers to entry Assessing market opportunities Analyzing the financial positioning and opportunities of prospective investments Assessing valuation, risk and reward Develop and communicate comprehensive investment theses, including: Rigorous industry and competitive analysis, assessing management quality, business models, market positioning, and competitive dynamics; Detailed financial modeling and valuation work, including identification of key value drivers, scenario analysis, and development of price targets; and Thorough risk assessment, incorporating financial, operational, and ESG (environmental, social, and governance) considerations. Monitor portfolio holdings in assigned industries. Maintain updated financial models and price targets. Recommend add/ trim trades as appropriate based on target price and market conditions. Share investment research and ideas with all portfolio managers within the US and Global Thematic Equity Team and, as appropriate, with the broader Fundamental Active Equity group within BNPP Asset Management. Participate in our team-based decision-making process for stock selection across all sectors. Work efficiently within, and provide input to improve, the existing investment process. Travel periodically to visit companies, attend industry conferences and attend investment conferences Support the sales team when required, through participation in client meetings and other activities Take primary coverage responsibilities (and ramp coverage) of the following industry groups as an investment analyst: Medical technology Life science tools and CRO's Diagnostics Healthcare services Support the lead portfolio manager in managing the relevant funds Collaborate with FAE peers to source ideas for healthcare stocks outside of the US Initiate trade requests for the relevant healthcare strategies and mandates, when the lead portfolio manager is not available Assist with monitoring positions held, portfolio construction decisions, and portfolio analysis (performance, risk profile, ESG profile, exposure to themes, exposure to factors). Maintain comparison spreadsheets to monitor financial and other metrics, in order to track stocks in the portfolio and on the monitor list, in covered industries Participate in client meetings, including periodic reviews with existing clients and meetings with prospective clients Aid in the analysis of portfolio performance and risk data Participate in healthcare sector pod meetings including the preparation of presentations of materials KEY INTERNAL RELATIONSHIPS Internal: Portfolio Management & Sales ROLE REQUIREMENTS: QUALIFICATIONS AND EXPERIENCE Experience conducting fundamental equity analysis within the healthcare sector Chartered Financial Analyst (CFA) qualification and/or MBA strongly preferred; CPA or finance/accounting degree may substitute Demonstrated ability to research, write and present comprehensive investment theses Ability to build extensive financial models in Excel; experience with FactSet or Bloomberg preferred Essential Skills/Competencies (technical / Behavioral / Leadership) Analytical Skills: Capable of identifying all key aspects of a subject, critically examine the key topics and synthesize a thesis without relying entirely on broker research Self-motivating: The individual is driven by curiosity to know more about subject matter Accuracy: Constantly attentive to the precision and thoroughness of the information sent and to the quality of the work product; ensures that errors are minimized. Takes initiative: Works proactively and independently, implementing work processes, ideas and solutions, including in situations where information is ambiguous. Organizational Skills: Sets priorities, plans actions and methodically monitors their progress by coordinating activities and resources in the best way possible. Results Driven: Seeks to achieve the objectives set within the defined timeframe, by acting with tenacity and by balancing costs and benefits. Continuously seeks optimum performance. Communication Skills: Expresses his / her messages, both orally and in writing, in an effective, organized way, which is appropriate to the audience being addressed. Teamwork: Knows how to work in a team and/or across teams, acts bearing common interests and respect for fellow team members. Client Focus: Does everything possible to achieve internal or external customer satisfaction by identifying the clients' needs and providing them with the appropriate solution taking into account the company's ethics and interests. Integrity: Understands and adheres to the highest standards of ethical conduct, respects the company's rules and values. Reflects on and learns from mistakes and setbacks. Conduct Be a role model, supporting and fostering a culture of good conduct. Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks. Consider the implications of your actions on colleagues, partners, and clients before making decisions and escalate issues to your manager when unsure. What's In It For You. Your engagement to unlock your potential and deliver high performance will be the driving force that will enable you to benefit from all that BNPP AM has to offer. As a Company, we recognize the value of Emotional Intelligence in the workplace as it enables effective collaboration, motivation, wellbeing, job satisfaction and sustainable performance at work. Culturally, we are more human than corporate so whilst high performance and strong expertise is a given, we value trust, empathy, and empowerment. In return, we can offer you things that money cannot buy: Dynamic career opportunities across the globe Volunteering initiatives to support our local communities and connect with our colleagues. The opportunity to contribute to our award-winning Sustainability efforts and join our community of Future Makers Access to a robust wellbeing program including mental health support and resources. An award-winning online learning and development platform Hybrid working A diverse and inclusive working environment where you can be your authentic self. Physical presence in office is an essential function of this position. This role has the flexibility of being hybrid, consisting of an in office and remote working component. The expected starting salary range for this position in Boston is between $150,000 to $200,000 annually. Actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location. Our firm is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Research Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 3,000 stocks; our economists, strategists, and fixed income analysts cover all major regions and other asset classes around the globe. Equity Research The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries, and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence, a passion for the markets, and the highest level of integrity. We are seeking an Analyst-level or Associate-level individual to join our Hardlines, Broadlines, and Food Retail team in New York City, covering a wide variety of retailers, including Walmart, Home Depot, and Costco. Primary Responsibilities Create and maintain earnings, valuation, and industry models, leveraging skills in accounting, finance, and economics Translate company, industry, consumer, market, and alternative data into insightful research reports with clear investment debates, differentiated conclusions, and actionable stock calls Write research reports for initiations of coverage, data analysis, earnings results, company updates, and industry news Develop and maintain relationships with investor relations personnel, management of companies under coverage, industry specialists, and other key leaders of opinion Engage with institutional investors by responding to in-depth questions, addressing bespoke requests, and helping communicate the team's highest-conviction views Support internal sales and trading teams with timely analysis of sector breaking news Adopt and apply AI-enabled research tools judiciously to accelerate information gathering, model maintenance, data analysis, and workflow execution while maintaining analytical rigor, source verification, and quality control Conduct industry diligence and primary research through surveys, expert conference calls, and channel checks to evaluate industry trends Collaborate with cross-functional teams to produce larger industry reports Qualifications 1-3 years of professional experience in equity research, investment banking, or capital markets Proven experience using Excel to build and maintain financial models; advanced Excel proficiency is required Strong written and verbal communication skills, with the ability to present analysis clearly, defend conclusions, and contribute positively in client-facing discussions Demonstrated interest in public markets and a genuine curiosity about what drives stock performance, investor debates, and valuation Curiosity about retail, consumer behavior, brand dynamics, competitive positioning, pricing, category trends, and how these factors translate into revenue growth, margins, valuation, and stock performance Comfort adopting AI-enabled tools and new technologies to improve research efficiency, with the judgment to verify outputs, protect data integrity, and apply tools appropriately Demonstrated strong attention to detail and commitment to accuracy Ability to adapt quickly and work well under pressure High EQ, strong personal drive, intellectual curiosity, organizational discipline, and a team-oriented mindset Strong PowerPoint skills are required, and experience with Python is a plus but not required CFA designation or progress toward CFA preferred What You Can Expect From Morgan Stanley At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that's differentiated – and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $110,000 and $125,000 per year for Analyst, and between $150,000 and $200,000 per year for Associate, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.