Principal - Buy-Side Research (Manufacturing)

Company Overview

SAMCO Asset Management is a systematic, momentum-driven Asset Management Company (AMC). Our portfolios are constructed and rebalanced by models, emphasizing a disciplined approach to investment without reliance on star fund managers. We operate under three guiding principles: Follow Momentum, Trust the System, Never Override.

Job Summary

The Principal position within Buy-Side Research focuses on the manufacturing sectors, including Capital Goods, Metals & Mining, Cement, Power, and Utilities. This role serves as a critical component in the investment decision-making process, providing early signals to the Investment Committee and advocating for timely investment actions based on actionable insights from sector networks.

Responsibilities

• Network Development: Cultivate and maintain strong, genuine relationships with analysts and management teams in the manufacturing sectors to gather early signals.
• Idea Origination: Identify and originate buy ideas on stocks within the investable universe that are not currently held in any SAMCO portfolio, presenting them before models confirm them.
• Risk Management: Raise sell and risk flags on existing holdings when signs indicate potential momentum decline, well before model signals.
• Investment Advocacy: Prepare and present actionable investment cases to the Investment Committee for both buy and sell decisions, defending your rationale effectively.
• Performance Tracking: Maintain a record of flagged ideas, tracking the timing of your signals against model confirmations and actual returns from the calls made.

Qualifications

• Experience: Minimum of 6-7 years as an analyst in the buy-side or sell-side, with experience in market cycles including the 2020 dislocation.
• Education: Preferred qualifications include Chartered Accountant (CA), Chartered Financial Analyst (CFA), or MBA (Finance) from a top-tier program, although performance history is prioritized over formal credentials.
• Network: Strong established connections within the sector, including sell-side desks and management teams.
• Sector Knowledge: Profound understanding of capital goods, metals, mining, cement, and power generation including the dynamics influencing these sectors.
• Analytical Skills: Ability to interpret and read beyond published numbers into underlying sector trends and health.
• Communication Skills: Strong presentation abilities to convey investment ideas clearly to the Investment Committee.
• Judgment & Defensibility: Capacity to form and defend views on investments publicly, while being comfortable with being measured on the basis of lead-time and alpha.

Preferred Skills

• Familiarity with regulatory frameworks affecting utility sectors.
• Advanced knowledge of price dynamics within commodities and capital expenditure cycles.

Experience

• At least 6-7 years of relevant analytical experience in financial markets, specifically in sectors related to manufacturing, capital goods, and utilities.

Environment

• Work is conducted in-person at the Mumbai office, fostering collaboration within teams and direct engagement with stakeholders.

Salary

• Compensation is competitive and commensurate with experience, aligned with performance metrics focusing on lead time and realized alpha.

Growth Opportunities

• The Principal designation offers a performance-linked trajectory towards becoming a Partner and subsequently a Senior Partner within the firm.

Benefits

• Detailed benefits have not been specified; however, competitive compensation and potential performance bonuses are inferred as part of the overall remuneration package.