Senior Financial Analyst - Investment Management

Senior Financial Analyst – Investment Management

Addison, TX; Montpelier, VT

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

Reporting directly to the Chief Operating Officer of NLG Capital, the Senior Financial Analyst will support the financial operations of a $40+ billion asset management firm, with significant exposure to senior leadership and the firm's investment strategies. NLG Capital is an SEC-registered investment adviser within the National Life Group family of companies and is responsible for managing NL Groups proprietary investment portfolio - a permanent capital base that enables a long-term, conviction-driven approach to investing. This role sits at the asset management company level and supports the accounting and economics of running NLG Capital as a business, including investment management agreement (IMA) fee calculations and the allocation of operating expenses across investment strategies and asset classes.

This role brings specific expertise in private assets, with particular responsibility for calculating investment performance and carry compensation tied to private strategies, including coordination with third-party providers where applicable. Working closely with the COO, the NLG Finance team, investment professionals, operations, and external service providers, the Senior Financial Analyst will help ensure accurate fee determination and sound performance and carry computations, while building reporting that creates transparency and drives financial insight across NLG Capital.

Essential Duties and Responsibilities

Asset Manager Accounting & Fee Calculation

• Calculate and review fees payable to NLG Capital under Investment Management Agreements (IMAs) with affiliated insurance investors, including base fee mechanics, fee offsets, and any performance-linked components.
• Prepare and review allocations of operating expenses across investment strategies and asset classes—covering shared functions such as research, technology, operations, and compliance—in accordance with IMA terms and established methodologies.
• Build management reporting and analytics that create transparency into NLG Capital's revenue, expense, and performance drivers and deliver financial insight to senior leadership.
• Maintain documentation supporting fee and expense allocation methodologies and ensure consistent application across strategies and periods.
• Support month-end and quarter-end close activities at the asset management company level, including accruals for fees, expenses, and incentive compensation.
• Contribute to business planning, forecasting, and variance analysis for NLG Capital's revenue and expense base.

Private Asset Performance & Carry Calculations

• Calculate investment performance for private asset strategies, including IRR, multiples, and other metrics appropriate to private investment portfolios.
• Validate and reconcile performance and carry calculations between internal records and any third-party computations.
• Partners with Human Resources on carry compensation calculations and administration.

Service Provider Oversight & Process Improvement

• Support the evaluation, onboarding, and ongoing oversight of third-party providers supporting carry calculations, and other investment related items.
• Partner with investment, operations, legal, and human resources teams to ensure carry plan terms, IMA terms, and expense policies are accurately reflected in the accounting records.
• Identify and implement opportunities to strengthen controls and improve the efficiency of fee, expense, and carry calculation processes.
• Support internal reporting needs for affiliated insurance company investors and senior leadership.
• Support fund formation activities as needed.
• Assist with ad hoc analyses and special projects as needed.

All other duties as assigned.

Minimum Qualifications

• Bachelor's degree in Accounting, Finance, or related field required.
• 7+ years of relevant experience at an asset manager, public accounting firm, or similar environment, with meaningful exposure to private markets.
• Hands-on experience with investment management fee calculations, expense allocations across strategies and supporting the accounting, financial reporting, and operational economics of an investment management organization.
• Experience developing financial analyses, management reporting, budgeting, forecasting, and variance analysis.
• Experience calculating, reviewing, or validating private investment performance metrics, including IRR, MOIC, and related measures.
• Strong proficiency in Microsoft Excel; experience with general ledger systems.
• High attention to detail and strong organizational skills.
• Ability to manage multiple priorities in a collaborative, team-oriented environment.
• Strong communication skills and ability to work effectively across accounting, investment, and operations teams.

Preferred Qualifications

• CPA, CFA, or progress toward either credential.
• Experience calculating, reviewing, or administering carried interest or other performance-based incentive compensation arrangements.
• Experience calculating and reporting private investment performance metrics.
• Experience coordinating with third-party providers on performance or carry plan calculations.
• Experience in private fund accounting, fund administration, or alternative investment operations.
• Collaboration on incentive compensation, carried interest, or long-term incentive plan calculations.
• Experience with performance or carry software.

Core Competencies

• Service Focus - Demonstrates a client centric focus for satisfying one's external and/or internal customers; establishes and maintains effective relationships with customers and gains their trust and respect.
• Decision Making - Makes sense of complex information, critically evaluates, and creates solutions.
• Results Oriented - Sets performance and personal goals; Driven to meet or exceed goals and objectives.
• Plans and Aligns - Plans and prioritizes work to meet commitments aligned with organizational goals; Aligns people and skills to tasks and assignments; Evaluates results of work.
• Demonstrates Learning Agility - Enhances skills and knowledge through continuous learning; Focuses on personal results by establishing stretch goals; Seeks feedback and changes accordingly.
• Establishes Relationships - Builds partnerships with others to instill trust, collaborate, and meet shared objectives.
• Communicates Effectively - Actively listens, conveys messages to meet different audience needs, and remains open to new ideas and opinions.
• Fosters Diversity - Values diversity and difference in thought, experience, and perspective; Promotes an environment that embraces diversity, equity, and inclusion; Supports equal and fair treatment for all.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family's specific needs. Check out the BENEFITS of a Career at National Life!

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