Research Associate, Property

ABOUT US

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. 

THE ROLE

We are seeking to recruit an Equity Research Associate (RA) to join our Global Industry Research Property Team. With over $19B invested in property stocks around the world, across over 85 Portfolio Managers and approximately 350 companies.     

The Research Associate will focus on analyzing public companies in the European and Asia Pacific property sectors. Working closely with a senior Global Industry Analyst, the role involves coverage of Real Estate Investment Trusts (REITs), real estate developers, and other property-related companies across both developed and emerging markets. The ideal candidate is a self-directed, hard-working team player with a passion for property markets and the investment management industry. This position is based in London. However, we may consider candidates based in Boston open to relocating to London or Asia in the future. 

Responsibilities for this position will include the following: 

• Maintaining the integrity of industry and comparative valuation models; 
• Performing continuous due diligence on property companies spanning the breadth of the sector; 
• Building and maintaining company financial models on prospective investments; 
• Completing complex analytical projects under tight time constraints; 
• Staying abreast of relevant company and industry materials and communications; 
• Working to identify emerging research trends and novel and investable developments; 
• Maintain risk models for long-only and long/short portfolios. 

Essential Skills 

• Analytical acumen and passion for markets –The ideal candidate will have a superior financial modeling skills, strong analytical capabilities, and an eagerness to apply their expertise in support of Wellington's property investing. The RA will be passionate about investing and the property sector. 

• Superior collaboration skills – The Research Associate will be a self-directed, hard-working team player, who contributes to the research efforts of the property Global Industry Analyst. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong, trusting relationships internally with colleagues across the property 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 property equities. 

QUALIFICATIONS  

Additional qualifications and characteristics include: 

• A minimum of 2 years of previous investment experience, ideally within a Long/Short (L/S) framework. Equally strong applicants with related experience in the broader financial services space will also be considered. 
• An understanding of risk and risk-based tools beneficial; 
• Experience covering the property sector in sell-side equity research, investment banking, private equity, or buy-side roles. 
• Financial modeling ability; 
• Aptitude for building investment science skill set through interest in the intersection of science and investing;  
• Strong data and technology skills, including experience using platforms and tools to screen, rank, and manage large stock universes. 
• Sound judgment, strong work ethic and highest personal and professional integrity; 
• Demonstrated analytical ability; 
• Ability to work independently and make decisions in the face of uncertainty; 
• Ability to organize, manage, and prioritize time well; 
• Strict attention to detail;  
• Effective communications skills, both written and verbal; and 
• Superior academic credentials and track record, an undergraduate degree is required; progress with CFA/CAIA levels is additive. 
• European and / or Japanese language skills are considered highly beneficial.