Equity Research - Utilities, Senior Associate, London

Jefferies is a global investment banking firm with a 50‑year track record of delivering insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales and trading, research and strategy services across equities, fixed income, foreign exchange, futures and commodities, as well as select asset and wealth management strategies. Jefferies operates across the Americas, Europe and Asia and is a wholly owned subsidiary of Jefferies Financial Group.

Role Overview: We are seeking a Senior Associate to join our top‑ranked European Utilities research franchise, covering leading electricity and integrated utility companies at the forefront of the powering AI, energy transition and power system transformation. This role offers meaningful responsibility and visibility, with increasing ownership of stock coverage and thematic research. The successful candidate will work closely with the senior analyst while progressively taking a leading role in company analysis, modelling, written research and client interaction.

Key Responsibilities:

• Take a leading role in the ongoing coverage of European utility stocks, including full ownership of financial models, forecasts and valuation frameworks.
• Contribute substantively to company‑specific and thematic research, with increasing responsibility for drafting and originating written output.
• Develop deep sector and regulatory expertise across utilities, renewables and power markets, monitoring key industry, policy and macro developments.
• Support client marketing efforts through preparation of high‑quality presentations, investor materials and participation in client meetings and corporate access.
• Act as a key point of contact internally across sales, trading and investment banking to support idea generation and client engagement.

Requirements:

• Strong academic record.
• 3–4 years’ experience in a financial institution, with a background in equity research, valuation, accounting or a related analytical role.
• Proven financial modelling expertise, with the ability to independently build and maintain complex models.
• Demonstrated interest in, or experience covering, utilities, renewables, infrastructure or the energy transition.
• Strong written communication skills, with the ability to translate complex analysis into clear investment messages.
• Confident interpersonal skills and the ability to engage effectively with senior stakeholders and clients.

About Us: Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments. At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.