Job Title: Co-Lead Equity Research Analyst Insurance

Location: Mumbai

Role Overview:

We are looking to hire a seasoned Co-Lead Equity Research Analyst to drive coverage of the Insurance sector. The role involves co-owning sector strategy, delivering differentiated insights, and actively engaging with institutional clients. You will be expected to build a robust external voice on the sector, influence investor views, and consistently generate high-conviction investment ideas.

Key Responsibilities:
Co-lead end-to-end coverage of the Insurance sector (Life & General), including financial modelling, valuations, and stock recommendations
Publish high-quality research including initiations, earnings updates, and thematic reports with clear, differentiated viewpoints
Generate high-conviction investment ideas backed by rigorous fundamental research and channel checks
Develop and maintain solid relationships with institutional clients (domestic & global), actively servicing their requirements and driving engagement
Participate in client meetings, roadshows, investor conferences, and non-deal roadshows (NDRs) alongside sales teams




Build a credible external voice in the sector; contribute to shaping investor perception and “owning the narrative” on key sector themes
Track regulatory developments, competitive dynamics, and macro trends impacting the Insurance space
Engage regularly with company management, industry experts, and distribution partners to generate proprietary insights
Mentor and guide junior team members, ensuring high-quality output and team development

Key Requirements:
8–10 years of relevant experience in equity research (sell-side preferred; buy-side experience also relevant)
Solid experience covering Insurance / BFSI, with demonstrated depth in the sector
Proven track record of servicing institutional clients and handling investor interactions independently
Ability to build sector conviction and gain “votes” from clients through differentiated insights and stock calls
Advanced financial modelling and valuation expertise; strong understanding of Embedded Value (EV) and VNB metrics
Deep understanding of regulatory frameworks and industry structure within Insurance
Strong communication and presentation skills, with the ability to articulate complex ideas clearly to institutional investors
CFA / MBA (Finance) preferred

📌 Lead Equity Research Analyst Insurance Gurugram
🏢 Intellectual Capital HR Consulting
📍 Gurugram