Jennison Associates
Research Assistant
Department: Equity Research - Small & Midcap Team
Responsibilities: Work collaboratively with a handful of analysts on multiple projects simultaneously. Each project pertains to the investment process -- research, modeling, valuation, monitoring current investments. Projects require a high attention to detail, interest in the financial markets, and the ability to edit a lot of information into a comprehensive report (both written and verbal).
About Jennison: Jennison's culture is singularly focused on performance. Since its founding in 1969, the firm has had one goal – to provide superior investment returns for its clients. Throughout its history, Jennison has taken careful steps toward this end, maintaining its investment philosophy, hiring and retaining talented professionals, and building its business in a controlled fashion. The firm is committed to seeking long-term investment success and prizes its long-term client relationships.
Jennison has always adhered to a clear and consistent investment philosophy. It believes that internal fundamental research, bottom-up stock selection, and a highly interactive investment process are integral to superior investment performance.
Internal fundamental research is the cornerstone of Jennison's investment process. Fundamental research conducted by firm analysts is the source of investment ideas. Jennison’s experienced analysts specialize in specific market sectors and build an in-depth understanding of companies through meetings with senior management, customers, suppliers, and competitors. Scrutiny of financial statements provides the foundation for a fundamental outlook and earnings model. A network of industry contacts and custom analyses developed by outside specialists supplement proprietary research and earnings projections.
The firm’s interactive process leverages the knowledge and skills of the entire investment team. Although portfolio managers ultimately make investment decisions for the portfolios they manage, they work closely with research analysts and other portfolio managers in a dynamic and continuous process of updating and debating investment ideas and company-specific convictions. This process prizes intellectual rigor and leverages the knowledge and skills of the entire investment team. Jennison’s team approach recognizes that individual accountability combined with close collaboration among professionals is the foundation of success. The firm’s compensation structure reinforces the importance of individual and collective contributions to portfolio performance. Focused on long-term outperformance of benchmarks and competitive universes, it seeks to ensure that the interests of Jennison professionals align with those of clients.
The quality of Jennison’s investment approach is tied to the caliber of its investment professionals. Because the firm believes the knowledge and judgment developed through years of experience are critical to superior investment, Jennison hires experienced analysts and portfolio managers with records of success. The firm’s process thrives on the collaborative efforts of its professionals. Jennison is able to attract and retain top-caliber investment talent because its investment teams are relatively small, highly experienced, and exclusively focused on investing for clients. This creates an environment where professionals can do their best work.
The stability and excellence of Jennison’s culture, organizational structure, and client base give it competitive advantages, as well, as does its ability to recruit and retain top research, portfolio management, and trading talent. Jennison believes that its dedication to generating superior performance for clients reinforces these advantages. The firm also takes pride in its reputation for excellence in client service and believes that regular client communication is essential.
This 10-week internship carries a stipend from the Holy Cross Leadership Council of New York
Location: New York, NY
Prior Intern: Andrew Clark '06
Qualifications: Class of 2010 or 2011. You must be admitted to the Summer Internship Program to apply for this internship
- Classwork: at least one semester of basic accounting
- Some work experience within finance is preferred
- Candidates should have a good working knowledge of basic financial analysis (income statements, balance sheets and cash flows)
- Excellent written and verbal communication skills
- Ability to meet deadlines, work well under pressure and handle multiple requests at once
- Strong computer skills -- specifically Microsoft Excel
- Ability to learn new systems and investment processes
An ideal candidate is someone who is highly motivated by an educational environment and will take advantage of the resources at hand -- access to seasoned investors/analysts, company managements, and extensive research channels.
To apply: Submit a resume, cover letter, and current unofficial transcript via Crusader Connections
Deadline: Thursday, January 22, 2009 at 11:59 p.m. EST
For more information, please visit http://www.jennison.com