Lead Research Analyst - Institutional Equities (Mumbai)

Sectors: BFSI, Healthcare, Capital Goods, Building Materials.

Looking for a Lead Research Analyst to manage end-to-end equity research coverage for our Institutional Equities division, with primary focus on BFSI, Healthcare, Capital Goods and Building Materials sectors. You will generate differentiated, high-conviction research that drives investment decisions for our institutional buy-side clients - mutual funds, insurance companies, FPIs, family offices, while simultaneously informing the investment strategies of our AIF, PMS, and HNI advisory businesses.

KEY RESPONSIBILITIES:

Research & Analysis:

- Financial Modelling: Develop, maintain, and enhance detailed financial models - earnings forecasts, revenue builds, segment-level projections, balance sheet modelling, and DCF/SOTP/relative valuations using appropriate methodologies.

- Research Reports: Produce high-quality initiating coverage reports, thematic pieces, sectoral deep-dives, quarterly earnings previews/reviews, and timely stock-specific update notes that generate client engagement and trading ideas.

- Differentiated Insights: Go beyond consensus. Conduct channel checks, supply chain analysis, management interactions, plant visits, and primary data analysis to develop proprietary insights that give our clients an information edge.

- Conviction Calls: Develop and maintain a track record of high-conviction BUY and SELL recommendations with clear catalysts, target prices, and risk-reward frameworks. Your best ideas should be bold enough to move capital.

Client Engagement:

- Institutional Relationships: Engage directly with institutional buy-side clients - mutual funds, insurance companies, pension funds, FPIs, and family offices - to present research views, discuss investment ideas, and build long-term advisory relationships.

- Corporate Access: Facilitate and lead corporate access initiatives - management meetings, investor conferences, non-deal roadshows, plant/site visits, and sector roundtables - that deepen client engagement and strengthen Monarch's institutional franchise.

- Client Feedback & Rankings: Drive research output quality that earns client recognition, positive feedback, and rankings in institutional surveys such as Asiamoney, II, and other industry polls.

Team & Culture:

- Ownership: Take full ownership of your sector coverage. You are not writing reports for approval - you are building a franchise within a franchise. Your sector is your business.

- Mentorship: Guide and develop junior analysts. Build a culture of intellectual rigour, original thinking, and accountability within the research team.

Location: Mumbai (BKC)

Experience: 7 - 15 years in equity research with strong coverage of Indian companies across BFSI, Healthcare, Capital goods and Building Materials.

Qualification: Postgraduate in Finance, CA, MBA, or CFA (USA) - will be a strong advantage.

Reports To: Head of Research / CEO

Compensation: Competitive, commensurate with experience. ESOPs for exceptional performers.