Research Associate

B. Riley Securities | Arlington, VA Position Overview As a research associate, you will develop the analytical rigor and market instincts necessary to become a leading voice in equity research. Under direct supervision from senior analysts who have risen through the ranks at B. Riley Securities, you will master fundamental analysis, financial modeling, and investment thesis development. Base salary range: $80,000–$100,000, depending on experience Location: Arlington, VA Learn more about our equity research platform: Core Responsibilities Research & Analysis Identify actionable investment opportunities through fundamental research and channel checks. Develop differentiated investment theses with clear catalysts and risk/reward frameworks. Monitor coverage universe for inflection points and communicate timely calls to the team. Present stock ideas in monthly associate program competitions with conviction and supporting analysis. Conduct deep‑dive industry research and primary research initiatives. Financial Modeling & Valuation Build and maintain complex financial models, including DCF, comparable analysis, and sector‑specific frameworks. Demonstrate mastery of accounting fundamentals and financial statement analysis. Construct accurate forecasts and sensitivity analyses to support investment recommendations. Identify key debate points and valuation disconnects in the coverage universe. Research Production & Engagement Draft institutional‑quality research reports requiring minimal editing before publication. Communicate actionable ideas on morning/midday calls when appropriate. Execute information requests from the sales force and institutional clients. Support corporate access initiatives connecting investors with management teams. Participate in earnings calls, investor meetings, and management presentations. Build relationships with company management teams and investor relations professionals. Professional Development Track Foundational Excellence Obtain all FINRA licenses (SIE, Series 86/87) within the first 6 months. Master financial modeling and accounting fundamentals. Develop inquiry skills to identify pertinent questions and debate points. Demonstrate can do attitude and independent resourcefulness. Senior Associate Progression Develop a thorough understanding of coverage names with proprietary insights. Proactively identify timely product ideas and facilitate coverage expansion. Competently respond to client requests independently when an analyst is unavailable. Successfully construct complex models with accurate forecasting. Analyst Readiness Manage several names under coverage with minimal supervision. Develop and maintain corporate relationships, securing valuable access. Generate actionable ideas for the investment banking team. Lead new coverage launches from initiation through publication. Earn respect of the sales and trading team through consistent value‑add. Qualifications Education & Experience Must have a Bachelor’s degree in finance, economics, accounting, healthcare, or a related field. Undergraduates not accepted. Demonstrated passion for public markets through investment club participation, personal investing, and/or relevant coursework. One to four years of experience in equity research or general finance (preferred but not required). CFA designation or active candidacy (preferred). Technical Excellence Superior analytical skills with deep understanding of financial and accounting principles. Advanced proficiency in Excel financial modeling and PowerPoint presentations. Experience with Bloomberg, Blue Matrix, and FactSet (preferred). Excellent verbal and written communication skills with the ability to express ideas effectively and fluently to an institutional audience. Personal Attributes Intellectual curiosity and passion for uncovering investment opportunities. Ability to manage multiple projects while maintaining attention to detail. Comfortable with direct client interaction and public speaking. Team player who thrives in a competitive team environment. Licenses SIE, Series 86 and Series 87 licenses preferred. If not currently licensed, required to obtain all necessary licenses within the first 6 months of employment. Coverage Sectors Consumer, Media & Entertainment Diversified Industrials, Homebuilders & Building Materials Discovery Group (industry vertical unconstrained small-/mid-cap) Energy & Natural Resources Financial Services Healthcare Real Estate Technology Compensation & Benefits Competitive base salary range of $80,000 to $100,000 with quarterly performance‑based bonuses and potential for additional associate program competition bonuses. Comprehensive medical, dental, and vision insurance. 401(k) profit‑sharing retirement plan. Paid holidays, vacation, and sick leave. Professional Development Mentorship program: paired with a senior associate mentor. License support: sponsorship of all required FINRA licenses. Conference participation: opportunities to attend industry and B. Riley Securities conferences. Continuing education: access to training programs, industry seminars, and executive education. High-Impact Experience From Day One C-suite access: Participate in management meetings, analyst days, earnings calls, and B. Riley Securities‑led investor days. Client engagement: Interface directly with institutional investors, hedge funds, and portfolio managers. Published research: Co-author research reports and coverage initiations once licensed, where your contributions can move markets. Differentiated Platform Advantages Alpha generation focus: Our thematic and proprietary research focused on small‑to‑mid‑cap companies consistently identifies overlooked opportunities. Unique Discovery Group leadership: Our Discovery Group promotes a value‑focused strategy that uncovers hidden gems in the small‑cap universe. Full platform capabilities: B. Riley Securities provides services across investment banking, M&A advisory, and capital markets. Inclusion and Equal Opportunity Employment B Riley Securities is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. #J-18808-Ljbffr B. Riley Securities