Sr. Associate, Asset-Based Financing

Nationallifeinsurancecompany; Addison (TX); On-site; USD 172,500 - 253,000; Full time

Benefits offered by this job

Flexible benefits starting on day one

401(k) eligibility

Various paid time off benefits

Job summary

Nationallifeinsurancecompany is looking for an Associate/Senior Associate in Asset Based Finance to join our growing structured credit strategy. This position involves underwriting and managing privately originated asset-based finance investments.

The ideal candidate will have a Bachelor's degree and 2-5 years of relevant experience in structured finance. This role supports the full investment lifecycle and requires strong analytical, communication, and modeling skills.

We offer a collaborative environment, with an onsite work schedule four days a week, and a comprehensive benefits package starting on day one.

Qualifications

• 2-5 years of relevant experience in asset-based finance or structured finance.
• Experience analyzing loan portfolios and strong financial modeling skills.
• Familiarity with transaction documentation for structured finance transactions.

Responsibilities

• Support the sourcing, underwriting, and modeling of private transactions.
• Review deal documentation and negotiate transaction terms.
• Coordinate with stakeholders to develop and execute investment solutions.
• Conduct research across securitized asset classes.

Skills

Analytical skills

Financial modeling

Communication skills

Organizational skills

Interpersonal skills

Education

Bachelor's degree in Finance, Economics, or related field

Job description

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision. We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders. Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

Role Summary

The Associate/Senior Associate, Asset Based Finance plays a key role within the growing structured credit strategy of NLG Capital. This position focuses on underwriting, structuring, modeling, executing, and monitoring privately originated asset-based finance investments across multiple collateral types, including consumer, commercial, digital infrastructure, and other esoteric asset-backed sectors.

This role supports the full investment lifecycle, from initial due diligence and underwriting through execution and ongoing portfolio surveillance. The ideal candidate brings experience in structured credit or asset-based finance, strong analytical and modeling capabilities, and a collaborative approach to evaluating investment opportunities and managing portfolio risk.

This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.

Essential Duties and Responsibilities

• Support the sourcing, underwriting, and modeling of private transactions across the asset-backed securities and loan markets.
• Review deal documentation, negotiate transaction terms, and support the structuring of forward flow agreements, warehouse financing facilities, and term securitizations.
• Coordinate with internal stakeholders, external legal counsel, rating agencies, and industry experts to develop and execute investment solutions.
• Support ongoing portfolio and market monitoring by identifying emerging risks and opportunities and recommending appropriate actions.
• Perform ongoing surveillance of existing investments and communicate asset‑ and market‑level performance to the investment team.
• Conduct research across traditional and esoteric securitized asset classes, including collateral analysis, prepayment analysis, default modeling, and relative value assessments.
• Collaborate with team members to develop subsector and security selection recommendations for securitized investment strategies.
• Contribute to portfolio reporting, asset class insights, and trading activity analysis to support strategic investment decisions.
• Monitor credit, prepayment, liquidity, and market dynamics for risk management, valuation, cash flow forecasting, and other analytical exercises.
• Provide analytical input into the fixed income team's strategic and tactical asset allocation process.
• All other duties as assigned.

Minimum Qualifications

• Bachelor's degree in Finance, Economics, or a related quantitative field.
• Two (2) to five (5) years of relevant experience in asset-based finance, structured finance, securitized products, specialty finance, private credit, FIG, ABS banking, warehouse lending, or credit underwriting.
• Experience analyzing loan portfolios and strong financial modeling skills.
• Familiarity with transaction documentation for structured finance transactions.
• Strong analytical, communication, organizational, and interpersonal skills.
• Ability to communicate market conditions and investment concepts to technical and non-technical audiences.

Preferred Qualifications

• Advanced degree in Finance, Economics, or a related field.
• Progress toward or completion of the CFA designation.
• Experience with a bank, credit fund, structured credit asset manager, specialty finance platform, rating agency, or investment banking group focused on asset-backed finance or securitization.
• Understanding of insurance general account investing.
• Broad understanding of portfolio construction.
• Leadership or mentoring experience.
• Passion for financial markets and continuous learning.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs.

Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.

Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.

Salary Pay Range

$172,500 — $253,000 USD

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.