Junior Underwriter

Cabrera Capital

New York, Chicago (NY, IL)

On-site

USD 100,000 - 150,000

Full time

12 days ago

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Benefits offered by this job

Medical, Dental & Vision Coverage

401(k) with Employer Match

Profit Sharing Program

Flexible Spending & Health Savings (F/

Commuter Benefits

Short- & Long-Term Disability Coverage

Life & AD&D Insurance

Employee Assistance Program (EAP)

Pet Care Discount Program

Job summary

Cabrera Capital is seeking an Entry-level Junior Underwriter in Chicago, IL. The role supports the Municipal Capital Markets team in analysis, structuring, and execution of municipal securities transactions, working closely with senior underwriters, public finance bankers, and trading desks.

The position offers an opportunity to develop underwriting expertise in municipal finance, with a clear path to growth in capital markets.

Qualifications

Bachelor's degree in Finance, Economics, Accounting, Business Administration or related field required.
0-2 years of experience in finance, banking, capital markets, accounting or related field.
Relevant internships in investment banking, public finance, underwriting, or financial services strongly preferred.
Demonstrated academic achievement and analytical aptitude preferred.

Responsibilities

Assist senior underwriting professionals with the execution of municipal bond transactions.
Support financial analysis, pricing reviews, credit evaluations, and market research activities.
Gather and organize financial, issuer, and market data used in underwriting decisions.
Prepare transaction summaries, pricing comparisons, and underwriting support materials.
Assist in reviewing offering documents, official statements, and due diligence materials.
Maintain underwriting spreadsheets, databases, and transaction tracking reports.
Monitor municipal market activity and assist in preparing market commentary and updates.
Support syndicate, sales, and trading teams by providing transaction-related information and reports.
Assist in preparing pitch books, presentations, and proposal materials.
Coordinate internal documentation and approval processes for new transactions.
Help ensure transaction files are complete and maintained in accordance with company policies and regulatory requirements.
Participate in training programs and professional development opportunities to build underwriting expertise.

Skills

Finance concepts

Analytical skills

Attention to detail

Communication

Learning agility

MS Office

Multitasking

Team collaboration

Bloomberg familiarity

Education

Bachelor's degree in Finance/Economics/Accounting/Business Administration

Tools

Bloomberg

IPREO

Capital IQ

Job description

Job DetailsLevel: EntryJob Location: Chicago IL - Chicago, IL 60606Position Type: Full TimeEducation Level: Bachelors DegreeSalary Range: $100,000.00 - $150,000.00 Salary/yearTravel Percentage: Up to 10%Job Category: Municipal Capital Markets

company summary

Cabrera Capital Markets is a premier investment bank and institutional brokerage firm, serving global corporations, municipalities, pension funds, and private equity firms. The firm is known for its integrity and unwavering commitment to exceeding clients’ expectations.

department summary

Municipal capital markets division provides the highest level of service to institutional investors across the country. The division works seamlessly with our public finance bankers to underwrite and sell negotiated transactions, bid and buy competitive deals, and trade secondary market bonds. Our team supports our issuers and investors by offering deep institutional knowledge of the market.

position summary & purpose

The Junior Underwriter supports the Municipal Capital Markets team in the analysis, structuring, and execution of municipal securities transactions. This position provides analytical and administrative support throughout the underwriting process, including financial analysis, market research, transaction preparation, and due diligence activities.

Working closely with senior underwriting professionals, public finance bankers, sales, and trading teams, the Junior Underwriter will develop foundational knowledge of municipal finance, capital markets, underwriting practices, and transaction execution. This role is designed for individuals seeking to build a long-term career in municipal underwriting and capital markets.

Essential duties and resPONSIBILITIEs

Assist senior underwriting professionals with the execution of municipal bond transactions.
Support financial analysis, pricing reviews, credit evaluations, and market research activities.
Gather and organize financial, issuer, and market data used in underwriting decisions.
Prepare transaction summaries, pricing comparisons, and underwriting support materials.
Assist in reviewing offering documents, official statements, and due diligence materials.
Maintain underwriting spreadsheets, databases, and transaction tracking reports.
Monitor municipal market activity and assist in preparing market commentary and updates.
Support syndicate, sales, and trading teams by providing transaction-related information and reports.
Assist in preparing pitch books, presentations, and proposal materials.
Coordinate internal documentation and approval processes for new transactions.
Help ensure transaction files are complete and maintained in accordance with company policies and regulatory requirements.
Participate in training programs and professional development opportunities to build underwriting expertise.
All other duties as assigned

Qualifications

management & decision making responsibilities

Exercise sound judgment in gathering, analyzing, and reporting financial information.
Follow established underwriting procedures and elevate issues to senior team members when appropriate.
Manage assigned tasks and deadlines across multiple transactions.
Collaborate with internal stakeholders to support successful deal execution.
Contribute ideas and insights during team discussions while developing underwriting knowledge and expertise.

knowledge, skills & abilities requirements

Basic understanding of finance, economics, accounting, or capital markets concepts.
Strong analytical, quantitative, and problem-solving skills.
Excellent attention to detail and commitment to accuracy.
Strong written and verbal communication skills.
Ability to learn quickly in a fast-paced and deadline-driven environment.
Proficiency in Microsoft Excel, Word, and PowerPoint.
Ability to manage multiple priorities and work effectively in a team environment.
Strong organizational skills and professional demeanor.
Familiarity with Bloomberg, IPREO, Capital IQ, or similar financial platforms is preferred but not required.
Interest in municipal finance and capital markets.

EDUCATION & work experience

Bachelor's degree in Finance, Economics, Accounting, Business Administration, or a related field required.
0-2 years of experience in finance, banking, capital markets, accounting, or a related field.
Relevant internships in investment banking, public finance, underwriting, or financial services are strongly preferred.
Demonstrated academic achievement and analytical aptitude preferred.

required licenses & certificates

FINRA Series 52, Series 7, and Series 63 licenses preferred or ability to obtain within a specified timeframe after hire.
Additional licenses or certifications may be required based on business needs.

Work Authorization Requirement: Applicants must be currently authorized to work in the United States on a permanent basis. This position does not offer employment visa sponsorship now or in the future. Candidates requiring sponsorship, including F-1 OPT, CPT, H-1B, TN, E-3, or any other employment-based visa sponsorship, are not eligible for consideration.

We offer a competitive and well-rounded benefits package designed to support your health, well-being, and financial future: