Associate Analyst, Equity Research - Communications

Why work for us?

A career at Janus Henderson is more than a job, it's about investing in a brighter future together.

Our Mission at Janus Henderson is to help clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. We will do this by protecting and growing our core business, amplifying our strengths and diversifying where we have the right.

Our Values are key to driving our success, and are at the heart of everything we do:

Clients Come First - Always | Execution Supersedes Intention | Together We Win | Diversity Improves Results | Truth Builds Trust

If our mission, values, and purpose align with your own, we would love to hear from you!

Your opportunity

As an Associate Analyst on our Equity Research team, you will support fundamental research and idea generation across the Communications Services sector. This role is well suited to someone with strong analytical skills, a genuine interest in investing and in learning about new business models. The ideal candidate should be intellectually curious, highly motivated, and comfortable managing multiple priorities while producing rigorous, thoughtful research in a fast-paced environment.

You will:

• Collect, evaluate, and maintain industry and company data through a variety of channels, including sell-side research, internal and external databases, trade publications, web-based research, web scraping, and other proprietary and public sources
• Build, maintain, and enhance Excel-based financial models across companies, industries, sectors, and relevant macro frameworks
• Conduct primary research on key business drivers, strategic inflection points, competitive positioning, and company-specific leverage points, including conversations with management teams, industry participants, and expert sources
• Review and organize large and often imperfect datasets, synthesize information efficiently, and identify meaningful trends, risks, and opportunities
• Independently expand the scope of assigned projects when doing so improves the research process or strengthens stock selection or conviction
• Distill complex analysis into clear, concise, investment-relevant conclusions for use in team discussions and decision-making
• Participate actively in Communications Services team meetings, company management meetings, and broader investment team meetings
• Support evolving team priorities and take on additional responsibilities as needed in a fast-paced, high-accountability environment
• Carry out other duties as assigned

What to expect when you join our firm

• Hybrid working and reasonable accommodations
• Generous Holiday policies
• Paid volunteer time to step away from your desk and into the community
• Support to grow through professional development courses, tuition/qualification reimbursement and more
• Maternal/paternal leave benefits and family services
• Complimentary subscription to Headspace - the mindfulness app
• Discounted membership to ClassPass and other health and well-being benefits
• Unique employee events and programs including a 14er challenge
• Complimentary beverages, snacks and all employee Happy Hours

Must have skills

• Bachelor's degree in finance, economics, accounting, business, mathematics, or a related field
• 3-5 years of equity research experience, preferably on the buy side and ideally with experience in the Communications Services sector
• Strong ability to gather, structure, analyze, and synthesize large amounts of information from varied sources
• Solid grounding in valuation and financial analysis, including DCFs and return-based frameworks such as ROIC and ROE
• Demonstrated ability to analyze financial statements and build detailed financial models
• Advanced Excel skills and strong overall technical proficiency including accounting
• Strong multitasking, organizational, and prioritization skills, with the ability to coordinate multiple projects in a dynamic environment
• Strong written and verbal communication skills
• Ability to work independently, think critically, and make well-reasoned decisions with limited oversight
• Ability to collaborate effectively and build relationships that support strong execution and business outcomes

Nice to have skills

• Demonstrated intellectual curiosity, creativity, and analytical rigor in situations involving complexity or incomplete information
• Strong interpersonal skills, including the ability to probe important details and develop insight through thoughtful dialog
• A track record of identifying non-obvious trends, inflection points, or competitive advantages through original research
• A proactive mindset and willingness to go beyond the immediate assignment when it will improve the investment process

Investment areas

• Has responsibility for supporting portfolios that are covered by the centralized equity research team.

Supervisory responsibilities

• No

Potential for growth

• Mentoring
• Leadership development programs
• Regular training
• Career development services
• Continuing education courses

Compensation information

The base salary range for this position is $120,000 - $150,000. This range is estimated for this role. Actual pay may be different. This position will be open through April 12, 2026.

Colorado law requires an estimated closing date for job postings. Please don't be discouraged from applying if you see this date has passed.

At Janus Henderson Investors we're committed to an inclusive and supportive environment. We believe diversity improves results and we welcome applications from candidates from all backgrounds. Don't worry if you don't think you tick every box, we still want to hear from you! We understand everyone has different commitments and while we can't accommodate every flexible working request, we're happy to be asked about work flexibility and our hybrid working environment. If you need any reasonable accommodations during our recruitment process, please get in touch and let us know at recruiter@janushenderson.com

#LI-LD1 #LI-HYBRID

Annual Bonus Opportunity: Position may be eligible to receive an annual discretionary bonus award from the profit pool. The profit pool is funded based on Company profits. Individual bonuses are determined based on Company, department, team and individual performance.

Benefits: Janus Henderson is committed to offering a comprehensive total rewards package to eligible employees that includes; competitive compensation, pension/retirement plans, and various health, wellbeing and lifestyle benefits. To learn more about our offerings please visit the Why Join Us section on the career page here.

Janus Henderson Investors is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. All applications are subject to background checks.

Janus Henderson (including its subsidiaries) will not maintain existing or sponsor new industry registrations or licenses where not supported by an employee's job functions (as determined by Janus Henderson at its sole discretion).

You should be willing to adhere to the provisions of our Investment Advisory Code of Ethics related to personal securities activities and other disclosure and certification requirements, including past political contributions and political activities. Applicants' past political contributions or activity may impact applicants' eligibility for this position.

You will be expected to understand the regulatory obligations of the firm, and abide by the regulated entity requirements and JHI policies applicable for your role.

Nearest Major Market: Denver