Junior Underwriter

CABRERA CAPITAL MARKETS LLC•Chicago, IL

8d•$100,000 - $150,000•Onsite

About The Position

Cabrera Capital Markets is a premier investment bank and institutional brokerage firm serving global corporations, municipalities, pension funds, and private equity firms. The Municipal Capital Markets division provides the highest level of service to institutional investors across the country, working seamlessly with public finance bankers to underwrite and sell negotiated transactions, bid and buy competitive deals, and trade secondary market bonds. 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.

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.
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.
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.

Nice To Haves

Familiarity with Bloomberg, IPREO, Capital IQ, or similar financial platforms is preferred but not required.
Interest in municipal finance and capital markets.
Relevant internships in investment banking, public finance, underwriting, or financial services are strongly preferred.
Demonstrated academic achievement and analytical aptitude preferred.
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.

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.
Exercise 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.
All other duties as assigned