Job Summary
Support coverage of a defined Technology, Media & Telecommunications (TMT) universe in the Australian market. Partner with senior analysts and team members to produce accurate, timely, compliant research through strong accounting-driven financial analysis, forecasting support, valuation maintenance, and high-quality written output
Key Responsibilities
- Maintain and update three-statement financial models; ensure outputs tie-out and assumptions are clear, consistent, and documented.
- Perform earnings and filings analysis with an accounting lens (P&L, balance sheet, cash flow, working capital, capex, leases, SBC, adjustments) and translate results into forecast/estimate updates for senior review.
- Maintain valuation and comps (e.g., EV/Sales, EV/EBITDA, P/E; DCF/SOTP support where applicable) and run sensitivities/scenarios on key drivers.
- Track and analyze TMT KPIs and unit economics (e.g., ARR/NRR, churn, ARPU, subscriber net adds, take rates, utilization/PUE, capex intensity) and highlight inflections, risks, and data quality issues.
- Contribute to research publications (earnings previews/recaps, company updates, thematic work, initiation support) including drafting sections, exhibits, and tables under tight deadlines.
- Monitor newsflow, corporate actions, and regulatory/spectrum developments; summarize implications and recommended actions for thesis/estimates.
- Support internal and external stakeholders (Sales & Trading, Corporate Access, institutional clients) by preparing materials and responding to analytical requests with appropriate supervision.
- Uphold model governance and QA controls (versioning, change logs, checks) to ensure accuracy, auditability, and consistency across the coverage set.
Required Qualifications, Capabilities, and Skills
- Experience in equity research or a comparable analytical role (audit/accounting, transaction services, valuation, corporate finance, FP&A).
- Strong accounting and disclosure interpretation skills across financial statements and cash flow, including topics common in TMT (revenue recognition/subscriptions, deferred revenue/RPO, capitalization of software/R&D, leases, SBC).#
- Strong financial modeling skills (three-statement, forecasting, sensitivities/scenarios) and high attention to detail.
- Clear written and verbal communication; ability to translate analysis into investment-relevant outputs.
- Strong execution and prioritization in deadline-driven cycles (earnings/AGM/reporting season).
- High integrity and strong understanding of research compliance and market conduct expectations.
Preferred Qualifications, Capabilities, and Skills
- CA/CPA (or progress toward) and/or CFA (or progress toward).
- Prior exposure to TMT sub-sectors and related KPI frameworks (SaaS, telecom, data centres).
- Familiarity with market data and research platforms (generic).
- Knowledge of ASX disclosure cadence and key Australian TMT constituents; awareness of global peers for relative valuation context.