Senior Structuring Analyst, ABS & Securitization

National Life Insurance Company Limited; Addison, Montpelier, New York (TX, VT, NY); On-site; USD 165,000 - 242,000; Full time

Job summary

National Life Group in the United States seeks a Senior Associate, Structuring to lead the design and management of internal feeder funds, CLOs and asset-backed structures from capital structure design through closing. This role collaborates with investment teams and external partners to ensure robust risk and return outcomes.

The position requires strong cashflow modeling, Excel/Intex proficiency, and experience with rating agencies, trustees and counsel.

Qualifications

• Bachelor’s degree in finance, economics, math, computer science, or a related quantitative field.
• 3–7 years of experience in CLO, feeder fund, ABS, or other structured vehicle work.
• Strong command of structured credit documentation, capital structures, covenants and coverage tests, and the ratings process.
• Proven ability to execute the end‑to‑end structuring and ratings process.
• Ability to build full cashflow models across a range of collateral types, and to model against rating agency methodologies and stress case scenarios.
• Proficiency with Excel and Intex, plus Python and SQL for scenario runs and portfolio analytics.
• Exceptional organizational skills, including the ability to run live transactions while maintaining responsibility for closed vehicles.
• Exceptional communication skills with the ability to bring cross‑functional groups together and address legal, regulatory, accounting, and financial reporting considerations.

Responsibilities

• Structure and execute internal feeder funds, CLOs, warehouses, and related financing vehicles, including capital structure design, eligibility and concentration criteria, coverage tests, and deal economics
• Own the ongoing management of outstanding vehicles spanning compliance and covenant monitoring, waterfall and test verification, internal reporting, amendments, and reset / refinancings
• Drive the rating agency process across the vehicle life cycle, including stress and cashflow analysis, agency presentation, and ongoing surveillance, and support agency selection
• Build and maintain full cashflow models across a range of credit and asset-backed structures, incorporating waterfalls, coverage tests, and reinvestment mechanics, and replicate rating agency scenarios
• Build out the reporting and analytics that show how outstanding structures are performing
• Partner with Direct Lending and Asset-Based Finance teams to align structural and investment objectives
• Evaluate externally managed vehicles and third‑party managers across structure, documentation, collateral, and manager capability, and recommend actions to the Investment Committee
• Support the negotiation of transaction documentation alongside counsel and arrangers, and coordinate trustees, agents, and service providers through closing and beyond
• Contribute to financing strategy and capital analysis across warehouse, CLO, feeder, and other structures, including implications for NAIC designation, statutory capital, and liability matching
• Produce reporting and prepare materials for the Investment Committee and senior management
• Perform all other duties as assigned

Skills

Structured credit knowledge

Cashflow modeling

Excel proficiency

Team collaboration

Communication skills

Education

Bachelor’s degree in finance, economics, math, computer science, or a related quantitative field

Tools

Excel

Intex

Python

SQL

Job description

National Life Group in the United States seeks a Senior Associate, Structuring to lead the design and management of internal feeder funds, CLOs and asset-backed structures from capital structure design through closing. This role collaborates with investment teams and external partners to ensure robust risk and return outcomes.

The position requires strong cashflow modeling, Excel/Intex proficiency, and experience with rating agencies, trustees and counsel.