Senior Financial Analyst – Investment Management

National Life Insurance Company•Montpelier, VT

2d•$90,000 - $132,000

About The Position

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.

Requirements

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.
Proficiency with AI tools considered a plus, particularly when applied to enhance analytical rigor, automate routine work, and improve the quality of financial insight.
Hands-on experience with investment management fee calculations, expense allocations across strategies, and/or private investment performance and carry calculations strongly preferred.
Familiarity with private investment structures and the calculation of private investment performance metrics (IRR, multiples, and similar).
Experience coordinating with third-party providers on performance or carry calculations preferred.
Strong proficiency in Microsoft Excel; experience with general ledger systems and performance or carry calculation platforms a plus.
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.

Nice To Haves

Proficiency with AI tools considered a plus, particularly when applied to enhance analytical rigor, automate routine work, and improve the quality of financial insight.
Experience coordinating with third-party providers on performance or carry calculations preferred.
experience with general ledger systems and performance or carry calculation platforms a plus.

Responsibilities

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.
Calculate investment performance for private asset strategies, including IRR, multiples, and other metrics appropriate to private investment portfolios.
Perform carry compensation calculations driven by private strategy performance, coordinating with third-party providers (e.g., carry calculation specialists or outside administrators) where applicable.
Validate and reconcile performance and carry calculations between internal records and any third-party computations.
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.