Senior Equities Analyst – System Capital (Melbourne)

Challenger Limited is an ASX-listed investment management firm managing $128.2 billion in assets (as at 31 December 2025). Life with us is fast moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.

 

We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.

Senior Equities Analyst – System Capital (Melbourne)

An opportunity has arisen within System Capital for a Senior Equities Analyst to join our Melbourne-based investment team.

System Capital is a bottom‑up, absolute‑return equities investment manager with a research philosophy centred on understanding the full dynamics of a business ecosystem.

Founded in 2022 by Lev Margolin, former Portfolio Manager at L1 Capital, System Capital brings together over 20 years of investment experience and a strong track record of delivering risk‑adjusted returns.

We are looking for a Senior Equities Analyst who will work closely with the Portfolio Manager, lead high‑conviction research, shape investment debates, and contribute meaningfully to the ongoing build-out of a growing investment business.

What you’ll do

• Lead deep fundamental research, including industry mapping, company due diligence, financial modelling, and behavioural/structural analysis.
• Generate independent investment insights, form differentiated views, and present actionable recommendations to the Portfolio Manager.
• Influence portfolio construction by contributing to stock selection, position sizing discussions, and risk assessment.
• Enhance and refine research processes, including the development of analytical tools, data workflows, or frameworks that elevate the team’s capability.
• Engage directly with company management teams, industry experts, and external research providers.

What we’re looking for

• 5–15+ years’ experience in equities research or financial analysis (buy‑side, sell‑side, private equity, M&A, or strategy/consulting).
• Advanced analytical capabilities and expert-level financial modelling skills.
• A demonstrated and sustained passion for equity markets, business analysis, and long‑term investing.
• Strong academic foundation in finance, economics, or related STEM fields.
• Highly self‑directed, curious, and comfortable working in a high‑accountability environment.
• Someone who thrives in a small, entrepreneurial, high‑performance investment team and is committed to excellence.

If you’re ready to step into a senior analytical role with meaningful influence and long-term career upside, we’d love to hear from you. Please apply directly to the role for further discussion.

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Challenger's employee value proposition guides how we work: Grow and realise your potential, supporting each other, stronger together and making things happen. Our culture encourages curiosity, considered thinking and meaningful contribution, with opportunities to build a broad and rewarding career.

 

We are committed to fostering a safe, inclusive and respectful workplace where people of all backgrounds, identities and ways of thinking can thrive, and promoting flexible working to support work-life balance. 

 

Challenger is proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, a Family Friendly Workplace and recognised as a Bronze Employer in the Australian Workplace Equality Index (AWEI), the national benchmark for LGBTQ+ workplace inclusion.

Job type:

Permanent

Posting Close Date :

10/04/2026