Fixed Income Junior Underwriter

Piper Sandler & Co.; San Francisco (CA); On-site; USD 105,000 - 150,000; Full time

Job summary

Piper Sandler & Co. is seeking an Assistant Underwriter to support daily market tracking, new issue execution, and transactional administration.

The role requires collaboration with bankers, analysts, and sales professionals across municipal and fixed-income desks. Ideal candidates have a finance‑related bachelor's degree and about two years of relevant experience, with strong Excel, Word, and PowerPoint skills, plus bold communication and organization.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, Business, Mathematics, or related field.
• 2 years of relevant experience preferred.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Outgoing, confident, and persuasive communicator with strong attention to detail.

Responsibilities

• Assist the Senior Underwriter with daily market tracking, new issue execution, and transaction‑related administrative tasks.
• Develop the ability to clearly express market views, pricing opinions, and transaction recommendations; act as a professional point of contact for bankers, analysts, sales professionals, and external market participants.
• Assist with Ipreo‑related responsibilities, proof new issue wires, compile allocation sheets, and coordinate with internal teams to ensure accurate execution.
• Prepare concise credit summaries for competing bond sales; monitor daily market trends, investor demand, and pricing dynamics to support scale‑writing and transaction positioning.
• Collaborate with banking analysts to gather market data for RFP responses and assist in preparing materials for client discussions and pricing updates.

Skills

Municipal finance

Fixed income

Excel

PowerPoint

Word

Communication

Organizational skills

Education

Bachelor's degree

Job description

At Piper Sandler, we connect capital with opportunity to build a better future. We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.

Key Responsibilities

• Assist the Senior Underwriter with daily market tracking, new issue execution, and transaction‑related administrative tasks.
• Develop the ability to clearly express market views, pricing opinions, and transaction recommendations; act as a professional point of contact for bankers, analysts, sales professionals, and external market participants.
• Assist with Ipreo‑related responsibilities, proof new issue wires, compile allocation sheets, and coordinate with internal teams to ensure accurate execution.
• Prepare concise credit summaries for competing bond sales; monitor daily market trends, investor demand, and pricing dynamics to support scale‑writing and transaction positioning.
• Collaborate with banking analysts to gather market data for RFP responses and assist in preparing materials for client discussions and pricing updates.
• Meeting & Schedule Requirements:
  • Attend 5:00 a.m. PT underwriting calls, Monday through Thursday, at 50 California Street.
  • Participate in the Monday California banker call (8:30 a.m. PT) and the national banking call (9:00 a.m. PT).
  • Maintain flexibility during active pricing periods and periods of elevated market activity.

Desired Qualifications

• Education: Bachelor’s degree in Finance, Economics, Accounting, Business, Mathematics, or a related field.
• Experience/Skills: 2 years of relevant experience is preferred; strong interest in municipal finance and fixed income; proficiency in Microsoft Excel, Word, and PowerPoint.
• Attributes: Outgoing, confident, and persuasive communicator; high attention to detail; strong organizational skills; ability to manage multiple tasks under time‑sensitive deadlines.
• Licensing: Series52, Series7, or other securities licenses are preferred but not required at the time of hire.

Development Opportunity

This role provides direct exposure to the full municipal underwriting process. The successful candidate will work closely with the Senior Underwriter to develop the technical, analytical, and market judgment skills necessary for long‑term growth within the firm. Over time, the candidate will be expected to form independent market views and represent the desk professionally in all internal and external interactions.

Compensation

The anticipated starting salary range for individuals expressing interest in this position is $105,000 - $150,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation.

Equal Employment Opportunity

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.