Research Analyst Institutional Equities

WHY THIS ROLE MATTERS

Research is not a support function at Monarch. It is the backbone of everything we do.

This is not a role where you write reports that sit in inboxes. This is a role where your research moves capital, drives investment decisions, and directly impacts the portfolios of institutional investors, HNIs, and our own AIF and PMS clients. Your conviction becomes our conviction.

ROLE OVERVIEW

We are 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, and IT 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.

QUICK FACTS

Parameter

Position - Lead Research Analyst — Institutional Equities

Location - Mumbai (BKC Office)

Experience - 7-15 years in equity research with strong coverage of Indian companies across BFSI, Healthcare, and IT

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.