Trainee Investment Analyst (Investment Team) Cape Town , South Africa Login Register Print this page Email this page Description The Allan Gray investment team typically numbers 15 to 20 people (including analysts and portfolio managers). This is small in comparison to the large number of applications we receive from smart, ambitious and hard-working young people. Most applications to join the investment team are unsuccessful, but we are always looking for exceptional candidates. We try to make good investment decisions by performing rigorous research. Similarly, we strive to identify the best applicants through rigorous research. This requires work and commitment on both our part and that of the candidate. Unfortunately we will probably never have perfect information (on shares or candidates) and we do make errors of judgement from time to time. So, if we decline your application, that is not to say that you are not the next Warren Buffett – we may have got it wrong, and we wish you the best of luck in seeking out your goals. Main responsibilities To research and analyse shares listed on the Johannesburg Stock Exchange in order to identify investment opportunities from which Portfolio Managers can make decisions, thereby adding value to clients’ portfolios. To provide possible buy-list options to Portfolio Managers by applying the Allan Gray investment philosophy and identifying suitable investment opportunities. To improve the quality of Portfolio Managers decision-making process by developing detailed valuation and earnings models on appropriate shares. To facilitate the buy-list compilation by generating a written report for the Policy Group that is based on your research findings and workings. To ensure continuity of research and knowledge management by maintaining accurate and detailed records of research used in the identification of investment opportunities Qualifications No investment-related work experience is required. Should have completed an Accounting qualification with articles; OR Business (with Accountancy and Finance) degree and a minimum of 2-3 years consulting or financial services experience; OR Engineering degree with a minimum of 2-3 years work experience; OR Actuarial Science or Maths degree with a minimum of 2-3 years work experience; OR Financial or related degree with Investment Banking work experience Skills/Competencies and experience Well-developed analytical ability Demonstrated interest in investing or financial markets Excellent communication skills: both verbal and written Computer literacy – advanced Excel skills Screening questions (Attach your answers on a single page in a PDF format) Please save your answers to the following questions on a PDF document and attach as part of your application. Please note that your application will be deemed incomplete and cannot be reviewed if these answers are not attached. 1. Describe an experience in which you have had to overcome adversity. 2. What is the most difficult decision you have ever had to make? How did you decide? Would you say now that it was the right decision? 3. What do you think are the three most important things to consider before buying a long-term asset? 4. What is the worst investment you ever made? How did you go wrong? 5. Describe your experience in trading in shares. What have you learnt from your experience? If you have never bought shares before, why are you applying for a position in an investment team? 6. It is better to rely on accumulated human knowledge than to try and figure things out for yourself from first principles. Do you agree or disagree? 7. Do you think e-cigarettes should be regulated? Why? How? 8. Who is your role model? Why? 9. Give an example of anything you consider to be mispriced today? Why do you think it is mispriced? What is its true value? 10. There are already many smart, hard-working people seeking to profit from mispricing in the stock market. Why do you believe you will have an edge? Deadline for applications 31 October 2014 https://careers.allangray.co.za/pages/vacancy-details.aspx?authorize=E6lHHK3rTjDttiF2gTeTSTtbRNwOHST%2f%2fDepWmSt6Y0rsJaNxxQUBQNs%2bZwIV%2bsG
Posted on: Wed, 24 Sep 2014 14:31:52 +0000
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