Asset Management Equity Research Analyst - Utilities - Associate

Location: New York, NY, United States

Job Family: Portfolio Management

About the Role

J.P. Morgan Asset Management, a leading global asset manager with over $2.8 trillion in assets under supervision, is seeking a talented Utilities Research Analyst - Associate to join our US Equity Research team in New York, NY. In this role, you will play a key part in our Portfolio Management category, focusing on the utilities sector to drive informed investment strategies. As part of a dynamic team dedicated to delivering superior risk-adjusted returns for our clients, you will leverage deep sector expertise to analyze companies, identify opportunities, and support portfolio construction in one of the most stable yet evolving segments of the equity market. Your primary responsibilities will include conducting rigorous fundamental analysis of utilities firms, building sophisticated financial models, and monitoring key drivers such as energy transition trends, regulatory shifts, and infrastructure investments. You will collaborate closely with portfolio managers and senior analysts to generate actionable insights, prepare detailed research reports, and contribute to investment recommendations that align with J.P. Morgan's client-centric approach. This position offers exposure to high-profile deals, industry interactions, and the chance to influence asset allocation decisions in a firm renowned for its institutional-grade research and innovative investment solutions. At J.P. Morgan Chase, we value intellectual curiosity, analytical rigor, and a commitment to excellence. The ideal candidate thrives in a collaborative environment, possesses a passion for the financial services industry, and is eager to contribute to our mission of empowering clients to achieve their financial goals. This role provides unparalleled professional growth opportunities within a supportive culture that emphasizes diversity, inclusion, and work-life balance, all while being at the forefront of global asset management innovation.

Key Responsibilities

• Conduct in-depth fundamental research on utilities sector companies, including financial statement analysis and competitive benchmarking
• Build and maintain detailed financial models to support investment recommendations and portfolio decisions
• Monitor industry trends, regulatory changes, and macroeconomic factors impacting utilities equities
• Collaborate with portfolio managers to provide insights and recommendations for asset allocation
• Prepare research reports, presentations, and market commentaries for internal and client use
• Engage with company management teams, attend industry conferences, and perform due diligence site visits
• Support the development of investment theses and contribute to sector strategy within the US Equity Research team
• Analyze earnings reports, guidance, and peer performance to identify opportunities and risks
• Assist in the evaluation of merger, acquisition, and divestiture activities in the utilities space
• Contribute to the team's coverage of ESG-related themes in utilities investing

Required Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field
• Minimum of 3-5 years of experience in equity research, particularly in the utilities sector
• Strong understanding of financial modeling, valuation techniques, and market analysis
• Proficiency in financial databases and research tools such as Bloomberg, FactSet, or Capital IQ
• Excellent analytical skills with the ability to interpret complex financial data
• Series 7 and Series 63 licenses or willingness to obtain them
• CFA designation or progress toward completion is highly desirable

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) from a top-tier institution
• Prior experience working at a bulge-bracket investment bank or asset management firm
• Deep knowledge of regulatory environments affecting the utilities industry, including FERC and state PUC regulations
• Proven track record of generating investment ideas in equity markets
• Experience with ESG (Environmental, Social, and Governance) factors in utilities investing

Required Skills

• Financial modeling and valuation expertise
• Equity research and analysis
• Proficiency in Excel and financial software
• Strong written and verbal communication
• Analytical thinking and problem-solving
• Attention to detail and accuracy
• Time management and ability to meet deadlines
• Team collaboration and interpersonal skills
• Knowledge of utilities sector dynamics
• Data interpretation and quantitative analysis
• Report writing and presentation skills
• Regulatory compliance awareness
• Adaptability to fast-paced environments
• Critical thinking for investment decisions
• ESG integration in research processes

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off, including vacation, sick days, and parental leave
• Professional development programs, including tuition reimbursement and CFA support
• Employee stock purchase plan and other financial wellness benefits
• On-site fitness centers, wellness programs, and mental health resources
• Global mobility opportunities and career advancement within J.P. Morgan Chase

JP Morgan Chase is an equal opportunity employer.