Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management as of 30 June 2020, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
We are seeking to recruit a Research Associate (RA), who will be based in Boston as part of the Global Industry Research Health Care Team. The health care market encompasses over 1,000 companies with a combined equity market capitalization of close to US$5 trillion. The team manages assets in excess of US$60 billion over a variety of long-only, long/short, and private equity client mandates. The focus of this role will be on researching public companies within biotechnology, working closely with the senior biotech Global Industry Analysts on the team. The ideal candidate will be a self-directed, hard-working team player who is passionate about both biotechnology and the investment management industry.
The following essential skills are required for the role:
- Analytical acumen and passion for markets –The ideal candidate will have a deep scientific background, strong analytical capabilities, good financial modeling skills, and an eagerness to apply their expertise in support of Wellington’s biotech investing. The RA will be passionate about investing and the healthcare industry.
- Superior collaboration and influencing skills – The Research Associate will be a self-directed, hard-working team player, who contributes to the research efforts of the senior biotech Analysts. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong trusting relationships internally with colleagues across the healthcare team. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.
- Growth mindset – The flexibility and openness to continue learning, evolving, and growing as a Research Associate is important. The RA will have a global perspective and creative approach for analyzing investment opportunities in biotech equities.
Responsibilities for this position will include the following:
- Performing continuous due diligence on biotech companies spanning the breadth of the sector;
- Staying abreast of relevant medical and scientific literature;
- Working to identify emerging research trends and novel and investable medical or scientific developments;
- Attending company meetings, investment industry conferences, and medical conferences;
- Completing complex analytical projects under tight time constraints;
- Building and maintaining company financial models on prospective investments;
- Maintaining the integrity of industry and comparative valuation models; and
- Making investment recommendations to the Health Care team.
Additional qualifications and individual characteristics include:
- Superior academic credentials and track record: an undergraduate degree is required; a MD or PhD in a biomedical discipline is strongly preferred;
- One to three years of prior investment experience within the biotechnology industry; strong applicants with other relevant experience (e.g., strategy, business development, or consulting in biotech) will also be considered;
- Outstanding analysis of scientific and biomedical literature and data;
- Sound judgment, strong work ethic and highest personal and professional integrity;
- Demonstrated analytical ability;
- Solid financial modeling and accounting skills;
- Ability to work independently and make decisions in the face of uncertainty;
- Ability to organize, manage, and prioritize time well;
- Strict attention to detail; and
- Effective communications skills, both written and verbal.