Fixed Income Junior Underwriter
About The Position
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. We are seeking a motivated, detail-oriented, and outgoing Junior Underwriter/Underwriting Assistant to support the California municipal underwriting desk. This role is designed for an individual interested in developing a strong foundation in municipal finance, primary market execution, credit review, and relationship-driven capital markets. The ideal candidate is intellectually curious, highly organized, and possesses the confidence to advocate for market opinions, pricing recommendations, and transaction strategies. This role requires a professional who can build credibility with bankers, financial advisors, issuers, sales professionals, and investors.
Requirements
- Bachelor’s degree in Finance, Economics, Accounting, Business, Mathematics, or a related field.
- 2 years of relevant experience is preferred.
- Strong interest in municipal finance and fixed income.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Outgoing, confident, and persuasive communicator.
- High attention to detail, strong organizational skills, and the ability to manage multiple tasks under time-sensitive deadlines.
- Series 52, Series 7, or other securities licenses are preferred but not required at the time of hire.
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, proofing new issue wires, compiling allocation sheets, and coordinating 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.
- Attendance at 5:00 a.m. PT underwriting calls, Monday through Thursday, at 50 California Street is required.
- Participation in the Monday California banker call (8:30 a.m. PT) and the national banking call (9:00 a.m. PT).
- Must maintain flexibility during active pricing periods and periods of elevated market activity.
Benefits
- Annual incentive compensation
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
