Junior Underwriter

Cabrera-Capital-Markets-LLC; New York; Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental & Vision Coverage

401(k) with Employer Match

Paid Time Off & Holidays

Commuter Benefits

Disability Insurance

Job summary

Cabrera Capital Markets in New York is seeking a Junior Underwriter to support the Municipal Capital Markets team in analysis, structuring, and execution of municipal securities transactions. This role provides financial analysis, market research, and due diligence support, working closely with senior underwriters and other teams.

Ideal candidates have a finance or related degree and up to two years of experience in finance or capital markets, with a strong analytical mindset and proficiency in

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Business Administration, or related field.
• 0–2 years of finance, banking, capital markets, accounting, or related experience preferred.
• FINRA Series 52/7/63 licenses preferred or ability to obtain after hire.

Responsibilities

• Assist senior underwriting professionals with execution of municipal bond transactions.
• Support financial analysis, pricing reviews, credit evaluations, and market research.
• Prepare transaction summaries, pricing comparisons, and underwriting support materials.
• Review offering documents, official statements, and due diligence materials.
• Maintain underwriting spreadsheets, databases, and transaction tracking reports.

Skills

Analytical skills

Quantitative skills

Attention to detail

Excel

PowerPoint

Education

Bachelor's degree in Finance, Economics, Accounting, or related field

Tools

Bloomberg

IPREO

Capital IQ

Job description

COMPANY SUMMARYCabrera 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 SUMMARYMunicipal 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 & PURPOSEThe 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 RESPONSIBILITIESAssist 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 assignedMANAGEMENT & DECISION MAKING RESPONSIBILITIESExercise sound judgment in gathering, analyzing, and reporting financial information.Follow established underwriting procedures and escalate 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 REQUIREMENTSBasic 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 EXPERIENCEBachelor'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 & CERTIFICATESFINRA 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:Medical, Dental & Vision CoveragePaid Time Off & Holidays401(k) with Employer MatchProfit Sharing ProgramFlexible Spending & Health Savings Accounts (FSA/HSA)Commuter Benefits (Pre-tax transit & parking)Short- & Long-Term Disability CoverageLife & AD&D Insurance OptionsEmployee Assistance Program (EAP)Pet Care Discount Program