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JPMorgan Chase Equity Research in New York, New York

DESCRIPTION:

Duties: Perform core fundamental research on the Oil & Gas industry, including Exploration and Production (E&P) and Oilfield Services (OFS) sectors, with emphasis on gaining insight on overall macro trends in the industry and business performance of companies in the sector. Prepare stock recommendations and price targets for companies under coverage. Develop and maintain detailed three-statement (cash flow, balance sheet, and income statement) financial models with projections. Apply sophisticated statistical techniques to forecast financial results using Excel (advanced indexing and lookups, macros, pivot tables) and Bloomberg. Prepare wide range of detailed equity valuations (including discounted cash flow, net asset value, and relative multiples like EV/EBITDA, FCF Yield, etc.) to drive stock recommendations and price targets. Create, analyze, and maintain proprietary production model forecasts for E&P-related companies in J.P. Morgan's coverage universe, after effectively collaborating with research partners across asset class and geography. Analyze performance of companies in the oil and gas industry leveraging earnings releases, regulatory filings, news items, and proprietary research. Understand key sector-related developments. Produce proprietary analyses for J.P. Morgan's research publications. Work closely with sales teams and traders to provide comprehensive client coverage, including fulfilling client requests for market updates and market intelligence, addressing client inquiries through various methods of communication such as email/phone/meetings. Track and analyze data from third party data providers including Enverus and Bloomberg. Analyze and perform due diligence on IPO candidates in the E&P and OFS sectors. Work with management teams to develop financial models, and refine the articulation of their business proposition.

QUALIFICATIONS:

Minimum education and experience required: Bachelor's degree in Engineering (any), Finance, or related field of study plus 3 years of experience in the job offered or as Equity Research Analyst/Associate, Investment Banking Analyst/Associate, Manager, Procurements and Contracts Department, or related occupation.

Skills Required: Requires 1 year (12 months) of experience in the oil and gas industry. Requires experience with: Key drivers, major legislation, regulations (drilling techniques, environmental emission norms, windfall taxes, and royalty rates), and essential terminology (drilling techniques, decline rates, and types of oilfield services equipment) in the Exploration and Production (E&P) and Oilfield Services (OFS) sectors; Financial projections of the three financial statements (income statement, balance sheet, and cash flow statements), incorporating historical trends, management guidance, supply-demand forecasts, and competitive dynamics; Valuation frameworks for oil and gas businesses, using various financial modelling techniques including discounted cash flow, dividend discount modelling, net asset value, and relative valuation methods including free cash flow yield, Enterprise Value to EBITDAX, price to net asset value; Analyzing gas reserve estimates based on FASB Code 932 (including proved developed and proved undeveloped reserves); Applying advanced accounting concepts to oil and gas companies, including successful efforts vs. full cost accounting and net operating losses under Sections 172 and 382 of the Internal Revenue Code; Expressing complex financial analysis, sector level trends, and business performance through comprehensively and compellingly written research reports; and Gathering publicly available data through web scraping, and analyzing that data along with third-party data and regulatory filings using advanced Excel features including VBA Macros, advanced indexing, and look-ups.

Job Location: 383 Madison Ave., New York, NY 10179. This position requires up to 20% travel (domestic and international). Telecommuting permitted up to 20% of the week.

Full-Time. Salary: $200,000.00-$225,000.00 per year.

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary

New York,NY $200,000.00 - $225,000.00 / year

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