Healthcare Analyst

About Alger

Alger is a privately owned and entrepreneurial firm that promotes intellectual curiosity and continuous improvement among its team members. The company values independent thinking alongside collaborative efforts, encouraging employees to strive for excellence while enjoying their work environment. Alger supports professional growth with comprehensive training and has a culture of long-term employee retention.

The firm offers a holistic wellness program that focuses on physical health and financial well-being, including resources such as a generous 401(k) plan with employer matching, financial planning, and investment options. Alger also helps employees balance their personal and professional lives with paid time off, medical leave, parental leave, health club reimbursements, and employee assistance programs.

Position Overview

We are seeking a motivated Healthcare Analyst to contribute to coverage of the healthcare sector within Alger’s U.S. Small and Mid Cap strategies. This junior-level role, suitable for candidates with 4 to 6 years of relevant experience, is ideal for those looking to deepen their sector expertise, enhance fundamental research skills, and advance within a collaborative, research-oriented investment team.

Key Responsibilities

• Conduct fundamental research on small and mid-cap healthcare companies, including analyzing financial statements, valuations, and competitive landscapes.
• Assist in creating and updating financial and valuation models to support investment theses.
• Engage in primary research by attending management meetings, industry conferences, consulting experts, and interacting with sell-side analysts.
• Contribute to internal reports, company summaries, and investment memoranda.
• Support senior analysts and portfolio managers in generating long and short investment ideas consistent with Alger’s philosophy.
• Monitor portfolio holdings, tracking earnings, news flow, and material updates.
• Keep abreast of healthcare sector trends, regulatory changes, innovation pipelines, and reimbursement issues, sharing insights with the team.
• Prepare materials for portfolio manager discussions and investment reviews.
• Utilize internal quantitative tools and screening reports to identify investment prospects.
• Maintain proprietary databases related to company fundamentals, product pipelines, and industry metrics.
• Collaborate closely with healthcare analysts and the wider investment team in a fast-paced environment.
• Assume increasing responsibility for sector coverage under senior mentorship.
• Contribute to fostering a culture of intellectual rigor, continuous learning, and meticulousness.

Qualifications and Skills

• Bachelor’s degree in finance, economics, engineering, mathematics, science, or a related discipline.
• MBA and/or CFA designation preferred but not mandatory.
• Minimum cumulative GPA of 3.0 on a 4.0 scale.
• At least 3 to 4 years of buy-side experience required.
• Prior exposure to the healthcare sector strongly favored.
• Basic understanding of healthcare business models, including regulatory frameworks, reimbursement mechanisms, and innovation drivers.
• Expertise in fundamental research, financial statement analysis, valuation, and modeling.
• Ability to cover multiple healthcare subsectors effectively as a generalist.
• Comfort with evaluating companies considering regulatory, reimbursement, and scientific aspects.
• Excellent verbal and written communication skills for articulating investment ideas clearly.
• High motivation, intellectual curiosity, and disciplined work habits.
• Strong organizational capabilities to manage multiple tasks in a dynamic environment.
• Team-oriented mindset with confidence in presenting independent viewpoints and constructively challenging assumptions.

Compensation and Equal Opportunity

The anticipated base salary ranges from $150,000 to $175,000, complemented by a discretionary performance-based bonus.

Alger is committed to equal employment opportunity and prohibits discrimination based on race, national origin, religion, gender identity, disability, age, sexual orientation, genetic information, veteran status, or any other legally protected category. This policy covers all employment aspects, including hiring, compensation, benefits, promotion, and termination.

Note: This job description outlines primary responsibilities and qualifications but does not limit the employer’s right to assign additional duties or modify the role as needed. This description does not constitute an employment contract.