Job Description
Senior Analyst – Equity Research (TMT) – Vice
President/Executive
Director - Australia
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As a Senior Analyst in Equity Research, you will serve as a joint lead on a defined Technology, Media & Telecommunications (TMT) coverage universe within the Australian market, working collaboratively alongside existing TMT team members to deliver a cohesive, high-conviction franchise. You will co-own the investment thesis and share responsibility for modeling, forecasts, valuation, and written research, acting as a primary voice to clients and internal stakeholders across Sales & Trading. Partnering closely with your fellow analysts, you will help set and uphold the team's standards for analytical rigor, compliance, and high-quality written product, bringing authoritative fluency in the sub-sector dynamics that drive TMT valuations (software/SaaS, internet & online marketplaces, IT services,
hardware/semiconductors,
telecom carriers, data centres, media & entertainment).
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Job Responsibilities
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Co-develop and defend the investment thesis, ratings, and price targets across the shared TMT coverage; contribute a differentiated view while aligning with fellow team members on the collective franchise position.
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Build and co-own detailed company financial models, forecasts, and valuation work for TMT names (e.g., trading comparables, precedent metrics where applicable, DCF/SOTP, and sector-specific frameworks such as EV/Sales, EV/EBITDA, rule-of-40, LTV/CAC, and per-subscriber/per-tower/per-MW valuations where relevant).
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Monitor and analyze earnings, guidance, filings, corporate actions,
spectrum/regulatory
developments, and key news flow across the ASX-listed TMT universe and relevant global peers; translate developments into decisive estimate and thesis updates in coordination with the team.
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Author flagship research publications including earnings previews/recaps, company updates,



thematic/industry pieces (e.g., generative AI adoption, cloud migration, digital advertising cycles, 5G/fibre monetisation, data-centre capex), and initiations/deep dives, collaborating on jointly authored product where appropriate.
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Drive fundamental analysis of TMT business models, unit economics and KPIs (ARR/NRR, churn, ARPU, subscriber net adds, take rates, gross margin per unit, capex intensity, data-centre utilisation/PUE), competitive positioning, and industry structure to identify catalysts and risks.
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Share client-facing activities including calls, meetings, marketing roadshows, and conferences; respond authoritatively to institutional client inquiries with clear, compliant communication.
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Build and manage relationships with corporate management teams and coordinate with internal partners (Sales, Trading, Corporate Access, and other stakeholders) to ensure research insights are delivered effectively and on schedule.
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Establish and enforce controls around model governance, documentation of assumptions, and versioning; ensure accuracy and auditability of outputs, maintaining consistency across the shared coverage.
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Mentor, develop, and review work from junior team members; work with fellow leads to set execution discipline around key deliverables, especially during earnings and AGM/reporting season.
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Required Qualifications, Capabilities, and Skills
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Extensive experience in equity research and/or a related analytical role (e.g., investing, IB, corporate finance) with a demonstrated track record of owning coverage,



published ratings, and differentiated written analysis, ideally with TMT sector exposure.
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Advanced financial statement analysis skills (income statement, balance sheet, cash flow; accounting and disclosure interpretation), including facility with TMT-specific accounting nuances (capitalised software/R&D;, deferred revenue and RPO, lease treatment for
towers/infrastructure,
stock-based compensation).
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Proven ability to build and maintain robust, versatile models and to articulate key drivers, sensitivities, and non-consensus views with conviction.
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Excellent writing skills with a track record of producing clear, investment-relevant content that moves the market conversation, under tight deadlines.
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Strong judgment, attention to detail, and ability to prioritize across concurrent deliverables in a shared-coverage setting.
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A genuinely collaborative working style, with the ability to build consensus, share credit, and integrate views with fellow analysts and the broader team.
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High integrity and solid awareness of compliance expectations applicable to research activities, including familiarity with ASIC and relevant Australian market conduct requirements.
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Preferred Qualifications, Capabilities, and Skills
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Deep sector expertise within TMT (e.g., software/SaaS, internet & marketplaces, telecom & infrastructure,
semiconductors/hardware,
media & digital advertising).
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CFA designation and/or advanced degree (MBA or equivalent).
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Established institutional client relationships and a strong market-facing reputation with Australian investors.
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Familiarity with common market data and research platforms (generic).
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Deep understanding of the Australian TMT landscape and key ASX-listed constituents, alongside awareness of global TMT peers that inform relative valuation.
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📌 Senior Analyst - Equity Research (Tmt) - Vice President/Executive Director - Australia (New South Wales)
🏢 Jpmorganchase
📍 New South Wales