Sr. Associate, Asset-Based Financing

National Life Insurance Company•Montpelier, VT

12d•$172,500 - $253,000•Onsite

About The Position

The Associate/Senior Associate, Asset Based Finance plays a key role within the growing structured credit strategy of NLG Capital. This position focuses on underwriting, structuring, modeling, executing, and monitoring privately originated asset-based finance investments across multiple collateral types, including consumer, commercial, digital infrastructure, and other esoteric asset-backed sectors. This role supports the full investment lifecycle, from initial due diligence and underwriting through execution and ongoing portfolio surveillance. The ideal candidate brings experience in structured credit or asset-based finance, strong analytical and modeling capabilities, and a collaborative approach to evaluating investment opportunities and managing portfolio risk. This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) 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

Bachelor's degree in Finance, Economics, or a related quantitative field.
Two (2) to five (5) years of relevant experience in asset-based finance, structured finance, securitized products, specialty finance, private credit, FIG, ABS banking, warehouse lending, or credit underwriting.
Experience analyzing loan portfolios and strong financial modeling skills.
Familiarity with transaction documentation for structured finance transactions.
Strong analytical, communication, organizational, and interpersonal skills.
Ability to communicate market conditions and investment concepts to technical and non-technical audiences.

Nice To Haves

Advanced degree in Finance, Economics, or a related field.
Progress toward or completion of the CFA designation.
Experience with a bank, credit fund, structured credit asset manager, specialty finance platform, rating agency, or investment banking group focused on asset-backed finance or securitization.
Understanding of insurance general account investing.
Broad understanding of portfolio construction.
Leadership or mentoring experience.
Passion for financial markets and continuous learning.

Responsibilities

Support the sourcing, underwriting, and modeling of private transactions across the asset-backed securities and loan markets.
Review deal documentation, negotiate transaction terms, and support the structuring of forward flow agreements, warehouse financing facilities, and term securitizations.
Coordinate with internal stakeholders, external legal counsel, rating agencies, and industry experts to develop and execute investment solutions.
Support ongoing portfolio and market monitoring by identifying emerging risks and opportunities and recommending appropriate actions.
Perform ongoing surveillance of existing investments and communicate asset- and market-level performance to the investment team.
Conduct research across traditional and esoteric securitized asset classes, including collateral analysis, prepayment analysis, default modeling, and relative value assessments.
Collaborate with team members to develop subsector and security selection recommendations for securitized investment strategies.
Contribute to portfolio reporting, asset class insights, and trading activity analysis to support strategic investment decisions.
Monitor credit, prepayment, liquidity, and market dynamics for risk management, valuation, cash flow forecasting, and other analytical exercises.
Provide analytical input into the fixed income team's strategic and tactical asset allocation process.
All other duties as assigned.