Senior Underwriter

Cabrera-Capital-Markets-LLC; New York; Hybrid; USD 140,000 - 180,000; Full time

Benefits offered by this job

Medical, Dental & Vision Coverage

401(k) with Employer Match

Paid Time Off & Holidays

Flexible Spending & Health Savings

Job summary

Cabrera Capital Markets in New York seeks a Senior Underwriter to help execute municipal securities, price deals, and distribute offerings for negotiated and competitive transactions.

You will work with Public Finance Bankers, Sales, Trading, and Issuers to craft financing solutions and support transaction success while maintaining regulatory and internal standards.

Qualifications

• Bachelor's degree required in finance or related field.
• 5–10 years in municipal underwriting or public finance preferred.
• Strong quantitative and analytical skills.
• Experience with pricing, structuring, and investor demand.
• Excellent communication and project management.

Responsibilities

• Assist in pricing and distribution of municipal deals.
• Analyze market conditions and advise on transaction structure.
• Coordinate with issuers, advisors, bankers, and traders.
• Prepare pricing books and market updates.
• Maintain deal pipelines and underwriting records.

Skills

Municipal underwriting

Pricing analyses

Market knowledge

Communication skills

Education

Bachelor's Degree in Finance

Tools

Ipreo

Bloomberg

BidComp

Net360

Excel

PowerPoint

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 SUMMARYOur 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 & PURPOSEThe Senior Underwriter plays a key role in the execution, pricing, and distribution of municipal securities transactions within the Municipal Capital Markets group. This position partners closely with Public Finance Bankers, Sales, Trading, Municipal Advisors, and Issuers to develop market-driven financing solutions and facilitate successful transaction execution. The Senior Underwriter supports both negotiated and competitive transactions by providing market analysis, structuring recommendations, pricing support, and coordination throughout the underwriting process.The ideal candidate possesses strong municipal market knowledge, excellent analytical skills, and the ability to manage multiple transactions while fostering effective relationships both internally and externally.ESSENTIAL DUTIES AND RESPONSIBILITIESAssist in the pricing and placement of new issue municipal transactions.Support transaction execution, including pricing analyses, allotments, processing, and settlement activities.Analyze market conditions and provide recommendations regarding transaction structure and pricing strategies.Collaborate with issuers, municipal advisors, public finance bankers, sales, and trading professionals to develop financing solutions that meet issuer objectives and market requirements.Participate in negotiated and competitive underwriting opportunities.Prepare pricing books, market updates, transaction summaries, and other underwriting-related materials.Monitor municipal market activity and communicate relevant trends, comparable transactions, and investor demand.Coordinate new issue distribution efforts with sales personnel to maximize transaction performance.Assist with calculating and communicating sales credits and transaction-related information to internal stakeholders.Maintain underwriting records, deal pipelines, and transaction tracking reports.Support responses to requests for proposals (rfps) and underwriting presentations.Work closely with compliance, operations, and accounting to ensure adherence to applicable regulations, policies, and procedures.Attend industry events and conferences to develop professional relationships and remain current on market developments.All other duties as assignedMANAGEMENT & DECISION MAKING RESPONSIBILITIESExercise sound judgment regarding transaction pricing, structuring recommendations, and market positioning.Collaborate with senior underwriting leadership on transaction strategy and investor distribution plans.Coordinate with internal stakeholders to ensure timely and accurate execution of municipal offerings.Support the maintenance of transaction pipelines and reporting utilized by Public Finance, Compliance, Operations, and Accounting teams.Serve as a resource to junior underwriting professionals and analysts as needed.KNOWLEDGE, SKILLS & ABILITIES REQUIREMENTSStrong understanding of municipal bond markets, underwriting practices, and capital markets.Experience evaluating transaction structures, pricing strategies, and investor demand dynamics.Proficiency in Ipreo, Bloomberg, BidComp, Net360, and Microsoft Office Suite (Word, Excel, PowerPoint).Strong quantitative, analytical, and problem-solving skills.Excellent written and verbal communication skills.Ability to manage multiple deadlines in a fast-paced environment.High attention to detail and accuracy.Ability to work independently and collaboratively across departments.Professional presence and strong relationship-building skills.EDUCATION & WORK EXPERIENCEBachelor's Degree in Finance, Economics, Business, Accounting, or a related field required.Minimum 5-10 years of municipal underwriting, public finance, capital markets, or related experience preferred.Demonstrated experience supporting municipal securities transactions and deal execution.REQUIRED LICENSES & CERTIFICATESFINRA Series 7, 52, and 63 License required.Additional industry registrations may be required.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