Fixed Income Junior Underwriter

Key Responsibilities

• Aid 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, financial advisors, issuers, 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.

Meeting & Schedule Requirements

• Early Morning Availability: Attendance at 5:00 a.m. PT underwriting calls, Monday through Thursday, at 50 California Street is required.
• Weekly Calls: Participation in the Monday California banker call (8:30 a.m. PT) and the national banking call (9:00 a.m. PT).
• Flexibility: Must maintain flexibility during active pricing periods and periods of elevated market activity.

Desired Qualifications

• Education: Bachelor’s degree in Finance, Economics, Accounting, Business, Mathematics, or a related field.
• Experience/Skills: 2 years of relevant experience is preferred. Strong interest in municipal finance and fixed income.
• Skills: Proficiency in Microsoft Excel, Word, and PowerPoint.
• Attributes: Outgoing, confident, and persuasive communicator. High attention to detail, strong organizational skills, and the ability to manage multiple tasks under time-sensitive deadlines.
• Licensing: Series 52, Series 7, or other securities licenses are preferred but not required at the time of hire.

Development Opportunity

This role provides direct exposure to the full municipal underwriting process. The successful candidate will work closely with the Senior Underwriter to develop the technical, analytical, and market judgment skills necessary for long-term growth within the firm. Over time, the candidate will be expected to form independent market views and represent the desk professionally in all internal and external interactions.

Pay

The anticipated starting salary range for individuals expressing interest in this position is $105,000 - $150,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.