Working at Alger

Alger is an entrepreneurial, privately owned firm which encourages and empowers its employees to be intellectually curious and continually improve. We seek individuals who can think independently yet work collaboratively, are motivated to be best in class, challenge the norm and have fun while doing it. Alger values its employees and rewards them accordingly.

Alger provides ample training (see below) to employees and encourages employees to grow in their roles. This culture of continuous improvement is reflected by the fact that many Alger employees have worked at the firm for more than 10 years.

We offer a comprehensive personal wellness program that provides resources to help you take charge of your physical well-being, encourage a healthy lifestyle and better manage health care costs. Alger also provides its employees with numerous ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans and more. Underlying our financial wellness program is a strong educational platform.

We’re focused on helping employees more easily manage their work and personal lives. Our life management programs include paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program and helpful employee assistance programs.

To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page HERE.

https://www.alger.com/Pages/ProfilesinSuccessIntroduction.aspx

Job Title: Senior Healthcare Analyst

Reports to (title): Chief Executive Officer, Chief Investment Officer

Job Description:

Alger is seeking an experienced Senior Healthcare Investment Analyst to support fundamental research across the healthcare sector for the firm’s long/short equity strategies. This role is designed for a seasoned generalist analyst with broad healthcare exposure who can contribute independently while continuing to grow within Alger’s collaborative, research-driven investment platform.

The Senior Healthcare Analyst will play a key role in idea generation, fundamental research, and portfolio monitoring across a wide range of healthcare subsectors. The ideal candidate brings a strong long/short mindset, is comfortable covering multiple healthcare industries, and can add value quickly with limited training while developing toward a more senior role over time.

Duties & Responsibilities:

Fundamental Research & Investment Analysis

• Conduct in-depth fundamental research across healthcare subsectors, including pharmaceuticals, healthcare services, medical devices, life science tools, and diagnostics, with some exposure to biotechnology
• Analyze financial statements, business models, competitive positioning, and industry dynamics to develop differentiated long and short investment theses
• Build, maintain, and update detailed financial and valuation models to support investment decisions
• Perform primary research, including meetings with company management teams, sell-side analysts, industry experts, and other relevant contacts
• Prepare clear, concise internal research notes and investment memoranda

Portfolio & Idea Generation Support

• Generate actionable long and short investment ideas aligned with Alger’s investment philosophy and risk framework
• Support portfolio construction and ongoing monitoring through coverage of existing holdings, earnings analysis, and thesis updates
• Track healthcare sector themes, regulatory developments, and industry trends, and communicate insights to the investment team
• Identify key risks, catalysts, and inflection points across covered companies

Team Collaboration & Development

• Work collaboratively with portfolio managers and other investment professionals in a team-oriented, idea-driven environment
• Demonstrate increasing ownership of coverage responsibilities over time, with the opportunity to expand depth, breadth, and impact
• Contribute to a culture of intellectual rigor, accountability, and continuous improvement

Qualifications:

• Undergraduate degree required in finance, economics, engineering, mathematics, science, or a related field
• MBA and/or CFA designation preferred but not required
• Cumulative GPA of 3.0 or above required in a 4.0 scale
• 5–7+ years of buyside investment experience, with a strong emphasis on fundamental equity research
• Minimum 5–6 years of experience in a long/short equity investing environment, with demonstrated accountability for idea generation and coverage
• Broad healthcare generalist coverage experience required, with comfort covering non‑biotechnology subsectors including pharmaceuticals, healthcare services, medical devices, and life science tools
• Some familiarity with biotechnology highly preferred, including an understanding of key concepts, development pipelines, and regulatory considerations, though a dedicated biotech background is not required
• Familiarity with biotechnology concepts, pipelines, and regulatory frameworks strongly preferred
• Proven experience developing and maintaining differentiated long and short investment theses

Skills:

• Strong fundamental research capabilities, including financial statement analysis, valuation, and modeling
• Strong fundamental research and analytical skills, including financial modeling, valuation, and industry analysis
• Ability to operate as a healthcare generalist, covering multiple subsectors and business models effectively
• Comfort evaluating a wide range of healthcare companies, including regulatory, reimbursement, and scientific considerations
• Excellent written and verbal communication skills, with the ability to clearly articulate investment ideas
• High level of self-motivation, intellectual curiosity, and disciplined work ethic
• Strong organizational skills and ability to manage multiple coverage responsibilities in a fast-paced environment
• Collaborative mindset with confidence to express independent views and challenge assumptions constructively

Salary Expectations: $250,000-$300,000 base salary plus discretionary bonus per performance

Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger’s policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law (“Protected Characteristic”). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.

Note:  This job description should not be construed to imply that these requirements are the exclusive standards of the position.  Incumbents will follow any other instructions, and perform any other related duties, as may be required.  The employer has the right to revise this job description at any time.  This job description is not to be construed as a contract for employment.

Fred Alger & Company, LLC is an Equal Opportunity Employer