Sr. Associate, Asset-Based Financing

National Life Insurance Company • Addison, NY

2d • Hybrid

About The Position

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 Sr. Associate, Asset-Based Financing plays a key role within the growing structured credit strategy of NLG Capital. This role will support senior members of the team on sourcing, analyzing, trading, structuring, and executing complex structured finance and asset-backed transactions. The Sr. Associate, Asset-Based Financing will support the underwriting, ongoing monitoring, and investing of asset-backed finance transactions. Additionally, the candidate will serve as a key team member, helping to evaluate asset originators and collateral, while developing structural solutions appropriate for NLGs balance sheet. Successful candidates will have relevant experience within investment banking, rating agencies, asset management firms, asset originators, or other intermediaries within structured finance. The Sr. Associate, Asset-Based Financing will have analyzed collateral and transactions across consumer finance, equipment lease/financing, residential solar, mortgages, and/or other asset backed sectors. This position currently offers an onsite hybrid work schedule, with the expectation that you are in the office four 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.

Requirements

• Bachelors degree in finance, economics, or a quantitative field
• 2+ years structured finance or whole loan experience spanning consumer finance, residential solar, equipment lease/financing, or other esoteric asset-based financing markets
• Deep understanding of structuring process and documentation provisions in complex structured transactions
• Experience with cash flow modeling and systems including Intex
• Demonstrated experience with deal structuring, negotiation, and documentation across flow agreements, warehouse, and/or securitization
• Must have broad strategic investment perspective and understanding
• Strong leadership, organizational, and interpersonal skills. Focus on strategic talent management; experience mentoring, teaching and training staff
• Active student of the markets, with a passion for their work
• Able to articulate market conditions to a variety of audiences who may or may not have substantive investment knowledge

Nice To Haves

• Advanced degree and/or CFA (optional, but seen favorably)
• Experience in a structuring, capital markets, rating agency, buy-side, or banking role strongly preferred
• Understanding of accounting implications and insurance general account investing preferred but not required

Responsibilities

• Support the team in sourcing, modeling, and analyzing private transactions across the asset-backed securities and loan markets
• Support the team in reviewing deal documentation, negotiating transaction terms, and structuring of forward flow agreements, warehouse financing, and term securitizations
• Coordinate with internal and external legal counsel, rating agencies, and industry experts to identify and execute on solutions appropriate for NLG
• Support ongoing portfolio and market monitoring, proactively identifying emerging risks and opportunities and recommending appropriate courses of action
• Perform timely surveillance of existing investments and maintain a clear system to communicate asset and market level performance across the investment team
• Support the research efforts for both traditional and esoteric securitized asset classes, including collateral and prepayment analysis, risk and default modelling, and cross sector relative value comparisons
• Collaborate with other members of the team to develop and implement sub-sector and security selection recommendations for securitized strategies
• Contribute to the development and distribution of asset class insights and reporting on portfolio and trading activity, aiding strategic decision making across the firm
• Monitor credit, prepayment, liquidity and market dynamics for risk management and balance sheet valuation exercises, including cashflow forecasting and other analytical exercises
• Provide key input to the fixed income team’s strategic and tactical asset allocation dialogue across fixed income sectors and portfolios

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 !

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees