Alternative Investments Analyst

Alternative Investments Analyst

The Alternative Investments Analyst is a member of the investment team responsible for the research, due diligence, and ongoing evaluation of Lincoln's alternative investment portfolio, including private equity buyout, growth equity, real assets, hedge funds, and other non-traditional strategies. This individual supports investment sourcing, underwriting, manager selection, and portfolio construction, and contributes directly to investment recommendations presented to senior leadership and investment committees.

The ideal candidate combines strong analytical and quantitative skills with sound investment judgment, intellectual curiosity, and the ability to synthesize complex information into clear, actionable recommendations.

What you'll be doing:

• Conduct investment due diligence on new and existing alternative investment opportunities across private equity buyout, growth equity, real assets, and hedge funds, including evaluation of strategy, track record, team, terms, and risk profile.
• Perform manager and fund research, including quantitative performance analysis, peer benchmarking, and qualitative assessment of investment process and competitive positioning.
• Support portfolio construction and asset-allocation analysis, evaluating how prospective commitments affect diversification, liquidity, risk, and expected return at the total-portfolio level.
• Monitor existing investments on an ongoing basis; analyze performance, attribution, and exposures, and communicate identified risks and financial implications to management.
• Prepare investment memos, presentations, and recommendations for portfolio managers and investment committees.
• Conduct market, sector, and macroeconomic research to identify themes, relative-value opportunities, and emerging risks across alternative asset classes.
• Track capital deployment, pacing, and commitment levels against strategic targets, and provide analysis to inform investment pacing decisions.
• Partner with portfolio managers, risk, finance, legal, and external managers and advisors throughout the investment lifecycle.
• Contribute to ad-hoc analysis and special projects that advance the broader alternative investments strategy.
• Participate in strategic investments and special projects that achieve financial hurdles but also contribute to strategic company value.

What we're looking for Must haves:

• Bachelor's degree in finance, economics, accounting, business, or a related quantitative field (or equivalent experience).
• 3+ years of relevant investment experience in alternative investment allocation/private limited partnership investment.
• Strong financial modeling and valuation skills, with the ability to underwrite investments and analyze fund-level and portfolio-level returns.
• Deep knowledge of alternative asset classes (private equity, private credit, real assets, and/or hedge funds) and their return drivers, structures, and risk characteristics.
• Strong analytical and critical-thinking skills, with the ability to synthesize complex information into clear investment recommendations.
• Advanced proficiency in Microsoft Excel and PowerPoint; comfort working with large data sets.
• Excellent written and verbal communication skills, including the ability to author investment memos and present to senior stakeholders.
• High attention to detail, intellectual curiosity, and the ability to work both independently and collaboratively under tight deadlines.

Nice to haves:

• CFA or CAIA designation (or meaningful progress toward one).
• Knowledge of statutory (STAT) and GAAP considerations relevant to alternative investments held by insurers.
• Experience with investment data and analytics tools (e.g. Burgiss, Bloomberg, FactSet, PowerBI or similar).
• Exposure to investment committee or due-diligence-committee processes.
• Demonstrated curiosity and openness to learning new technologies, with a particular interest in developing foundational Python skills to support data analysis, automation, and evolving business needs.

Application Deadline: Applications for this position will be accepted through July 31st, 2026 subject to earlier closure due to applicant volume.

What's it like to work here? At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What's in it for you:

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training

The pay range for this position is $79,601 - $145,100 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package.

About The Company: Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services. With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach.