? ??????: ???????? ??????? – ?????? ?????? ???????? | ?-? ????? | ??????????? ???????? & ????????? | ?????? Please read the

job description
carefully. If this opportunity closely fits your professional experience, email your resume along with your answers to the screening questions provided at the end of this post. ? ????????: Mumbai, India ? ??????????: 2-4 years of relevant experience in fundamental equity research covering Indian listed companies, including financial modeling, valuation, and investment analysis ? ????????????: Competitive and aligned with experience, role fit, and interview performance ? ????????? ??????????????: CA / Passed Level I of the CFA Program or currently pursuing the CFA Program / MBA in Finance from a reputed institute ⏱️ ????????????: Candidates available to join immediately are also welcome to apply ? ??? ??: RA-FO-MUM About the Mandate Risk Inn Talent Intelligence connects leading banks, investment institutions, consulting firms, family offices, and financial services clients with high-quality talent across risk management, quantitative finance, financial markets, investment research, and analytics. ???????? ???????
- ?????? ?????? ?????? ??????? We are supporting a multi-family office investment fund in hiring a Research Analyst specializing in Indian public equity markets in Mumbai. The position requires 2–4 years of hands-on experience conducting fundamental research on NSE
- and BSE-listed companies, developing financial models, performing business and industry analysis, and evaluating investment opportunities across large-cap, mid-cap, and small-cap equities. The role involves working closely with the Head of Equity Research and collaborating with technology, AI, and data analytics specialists to strengthen investment research capabilities. Candidates should demonstrate sound analytical judgment, robust financial modeling and valuation skills, and the ability to translate company and sector research into well-supported investment theses and actionable investment insights. ???? ??? ???? ?? ??????????? ??? ✅ Conduct bottom-up fundamental equity research across large-cap, mid-cap, and small-cap Indian listed companies, evaluating business models, competitive positioning, unit economics, return on invested capital (ROIC), return on equity (ROE), cash-flow conversion, growth prospects, and long-term investment potential ✅ Build and maintain detailed financial models, including integrated three-statement models, earnings forecasts, cash-flow projections, and company valuations using DCF, trading comparables, SOTP, and other sector-appropriate methodologies, supported by sensitivity and scenario analysis ✅ Develop differentiated investment theses and equity research reports with clear valuation assumptions, investment recommendations, margin of safety, risk-reward assessments, potential catalysts, liquidity considerations, upside and downside scenarios, key risks, and thesis-monitoring indicators ✅ Analyze annual reports,



quarterly results, financial statements, earnings calls, regulatory disclosures, and corporate actions, while assessing earnings quality, capital allocation, promoter ownership, related-party transactions, accounting practices, and corporate-governance risks ✅ Conduct industry, sector, and primary research through company benchmarking, management interactions, earnings calls, channel checks, and other permitted sources, assessing sector-specific business drivers, macroeconomic sensitivities, competitive dynamics, and regulatory developments in accordance with applicable compliance requirements ✅ Monitor covered companies and portfolio holdings for actual versus forecast earnings, earnings-estimate revisions, valuation changes, sector developments, emerging risks, and deviations from investment-thesis assumptions, communicating material findings and recommended actions to senior investment professionals ✅ Work closely with the Head of Equity Research, portfolio managers, and the investment team to evaluate investment opportunities, refine investment theses, prepare research presentations, and support research-driven investment decisions within the fund's investment framework ✅ Collaborate with technology, AI, and data analytics specialists to improve financial data analysis, company screening, research workflows, financial modeling efficiency, and research automation, while validating AI-assisted outputs against reliable financial sources, maintaining traceable research assumptions, and ensuring data accuracy and research integrity ???? ?????????? ???????? ✅ 2-4 years of relevant experience in fundamental equity research covering Indian listed companies, preferably within an AMC, PMS/AIF, family office, institutional investment firm, or established equity research organization ✅ Strong understanding of Indian public equity markets, including NSE
- and BSE-listed companies, corporate disclosures, sector dynamics, promoter shareholding structures, market liquidity, and relevant SEBI regulations ✅ Demonstrated ability to independently analyze company fundamentals, business models, competitive positioning, unit economics, financial performance, capital allocation, and investment opportunities within one or more sectors, including an understanding of relevant macroeconomic and industry-specific drivers ✅ Strong financial modeling and valuation expertise, including advanced Excel-based three-statement models, financial forecasting, DCF, comparable-company valuation, sector-specific valuation approaches,



and scenario and sensitivity analysis ✅ Experience developing investment theses with documented assumptions, valuation estimates, margin-of-safety considerations, risk-reward assessments, potential catalysts, downside risks, and supporting fundamental analysis, preferably with identifiable investment recommendations or research outcomes ✅ Strong financial statement analysis, accounting, and corporate-governance assessment skills, including cash-flow analysis, earnings quality, ROIC, ROE, capital allocation, related-party transactions, earnings-forecast revisions, and financial or governance red flags ✅ Proficiency in advanced Excel and familiarity with financial research platforms such as Bloomberg, Reuters/LSEG, Capital IQ, ACE Equity, Capitaline, or Screener; working knowledge of Python for financial data analysis, modeling, or research automation would be advantageous ✅ Strong analytical, research, documentation, and communication skills, with the ability to validate financial data, present investment insights clearly, exercise independent judgment, and collaborate effectively with the Head of Equity Research, portfolio managers, and multidisciplinary technology, AI, and data analytics teams ? ??? ?? ????? Please email your resume to: [email protected] ??????? ????: Application for Job ID RA-FO-MUM Email applications are recommended for faster review and processing. In the same email, please include approximately two to three lines answering each of the three screening questions below. Please also mention your current notice period / earliest available joining date. OR reach out via DM / WhatsApp at +91-(phone hidden) with Job ID RA-FO-MUM ????????? ????????? ??? ??: RA-FO-MUM
• ??????????? ?????? ???????? Describe your experience conducting fundamental research on Indian listed companies. Which sectors and companies have you covered, and how have you evaluated their business models, financial performance, competitive positioning, and investment potential?
• ????????? ????????, ????????? & ????????? ?????? Describe a financial model you have independently built or substantially worked on for an Indian listed company using Excel. Explain the forecasting assumptions, valuation methodology, and key financial drivers. Have you also used Python for financial data analysis, modeling, or research automation? If yes, briefly describe its application.
• ?????????? ?????? ??????????? Identify one Indian listed company you have researched as a potential investment. Explain your investment thesis, valuation, expected catalysts, key risks, investment recommendation, and its outcome, if available. What differentiated your assessment from the prevailing market view? Please avoid sharing confidential or non-public information. #researchanalyst #equityresearch #fundamentalanalysis #financialmodeling #equityvaluation #investmentresearch #indianstockmarket #indianequities #publicequity #buyside #familyoffice #mumbai #india #financejobs #investmentjobs #riskinn

📌 Research Analyst (Mumbai)
🏢 Risk Inn
📍 Mumbai