Senior Associate, Commercial Real Estate Asset Management

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.

About Us

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.

Please note that we do not offer visa sponsorship for this position.

Role Summary

As a member of the Commercial Real Estate team, you will support the management of a diversified commercial mortgage portfolio, contributing to asset performance, credit analysis,credit risk management,and portfolio monitoring. This role focusesrequiresa hands-on professional who can operate across asset management, analytics, borrower relationships, and operations—supportingboth investment outcomes and platform efficiency

You will partner with senior team members to provide insights on portfolio performance, contribute to investment analysis,portfolio construction, and risk management,while participating in cross-functionalinitiatives that enhance scalability, reporting, and operational effectiveness across the platform.

This position currently offers an onsite work schedule, with the expectation that you are in the officefour (4)days perweekduringonsite core days. Our current onsite core days areMonday,Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.

EssentialDuties and Responsibilities

• Support the management ofa large-scale CRE loan portfolio (multi-billion-dollar exposure across asset classes).
• Monitor loan performance includingfunding approvals,leasing activity, covenant compliance, and borrower requests.
• Serve as a primary point of contact forloan servicers, mortgage bankers andborrowers, proactively managing relationships and identifying opportunities to enhance asset performance.
• Monitorwatchlist and REO assets and contribute to asset-level strategiesthatmaximize recovery and value.

Credit & RiskAnalysis

• Perform financial analysis, re-underwriting, and stress testing to identify potential risks.
• Contribute to quarterly reporting and valuation processes, including DCF modeling and market analysis.
• Assist in evaluating loan modifications, extensions, and restructuringsand workouts including distressed scenarios such as foreclosures or note sales.
• Partner with legal, accounting, and servicing teams to support credit and risk-related activities
• Design and maintain portfolio-level analytics, including stress models, KPIs, and performance dashboards.
• Provideactionable insightsto support evaluation of credit trends, risk exposure, and portfolio performance.
• Supportcontinuous improvement in reporting processes, automation, and data quality.

Investment & Origination Support

• Partner with originations to evaluate new investments, including underwriting, structuring, and IC memo preparation.
• Providemarket intelligence and peer benchmarking to support investment decisions.

OperationalExecution& PlatformSupport

• Supportexecution of borrowerrequestsin conjunction with 3 rd party loan servicersincluding lease approvals, reserve disbursements, ownership transfers, and collateral modifications.
• Ensure integrity and accuracy of loan data across internal systems and reporting platforms.
• Participate in cross-functionalinitiatives across servicing, IT, accounting, and asset management.
• Identify and implement efficiency improvements (reporting automation, system enhancements, vendor optimization).
• Mentor and develop junior asset management professionals, providing guidance, training, and oversight of analytical work.
• Support hiring and onboarding of analysts and associates.
• Help build scalable processes and best practices to support team growth.

All other duties as assigned.

All other duties as assigned.

Minimum Qualifications

• 8or more years Total Combined post-secondary education and relevant work experience: Bachelor’s degree and 4 – 6 years of related experience.
• 3 - 5years of experience in commercial real estate asset management, lending, or credit.
• Proven ability to make meaningful contributionsto a large CRE loan portfolio,underwriting, or financial analysis.
• Strongskillsin DCF modeling, valuation, and real estate credit analysis
• Experience with portfolio analytics, stress testing, or risk modeling
• Proven ability to work cross-functionally and drive initiatives to completion

PreferredQualifications

• Experience with loan workouts, bridge lending, or transitional assets
• Familiarity with commercial loan servicing or asset management platforms
• Argus Enterprise certification or equivalent experience
• Experience presenting to investment committee or senior leadership
• MBA or advanced degree in real estate, finance, or related field

At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.

All applicants are expected to:

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.

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.

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

Salary Pay Range

$86,625 - $127,050 USD

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.

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

Hourly Pay Range

$86,625 - $127,050 USD

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in National Life Insurance Company’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.