Sr. Associate, Asset Backed Structuring

Sr. Associate, Asset Backed Structuring

Company Summary

For 175 years, National Life Group (“NLG”) has aimed to keep their promises to provide families stability in good times and in bad. And throughout that history, they have provided peace of mind to those families as they plan their futures.

As a mission-driven business, the cause of what they do is as important as the products they sell. And their cause is a very simple one, directed at the people who live and work on America’s Main Streets: “To Do good in our communities and with the individual families we serve.”

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

NLG Capital is seeking an Associate to support deal structuring and execution in Asset-Based Finance.  The Structuring effort at NLG Capital supports specialist deal teams with structuring and ratings advice, leveraging securitization technology to create capital efficient solutions across the private credit markets.  The Associate will act as a subject matter expert and partner on cashflow modeling and analysis, participating in deal legal and structuring efforts, and interfacing with rating agencies.  Ideal candidates will have deep subject matter expertise in structured finance, with a preference for candidates with experience in asset-based financing markets such as Consumer, Equipment Leasing, Small Business Finance, Digital Infrastructure, and/or Aircraft.  Experience structuring private or bi-laterally negotiated transactions strongly preferred.

Essential Duties and Responsibilities

• Partner with deal Origination and Underwriting teams to evaluate transactions, propose potential securitization structures, and execute on the ratings process
• Leverage Intex, DealVector, and Excel to build cashflow models that inform the structuring and ratings processes
• Track the ABS and CLO markets, evaluate securitization structures, and maintain deal comp sheets with key structural features
• Act as subject matter expert on rating agency methodologies and ratings criteria, and maintain internal materials to inform deal teams on rating agency constraints
• Coordinate rating agency discussions and maintain materials for presentations
• Maintain collaborative and active dialogue with dealer structuring desks, law firms, and rating agency counterparts, building on NLG Capital’s reputation in the structured finance marketplace
• Conduct research on the asset-based finance and CLO markets and insurance activity in the space
• Participate in ad-hoc projects related to the NLG Capital structured finance business
  
  

Minimum Qualifications

• Undergraduate degree in Mathematics, Computer Science, Finance, Accounting, or a related field of study
• 3+ years of experience in Structured Finance including ABS or CLO banking, buy-side analysis/modeling, or a rating agency
• Exposure to private markets, including bi-lateral or club transactions outside the syndicated marketplace
• Excellent proficiency in Excel, with the ability to build complex asset backed deal cashflow and liability models
• Strong understanding of cashflow modeling and waterfalls, collateral analysis, and stress scenario modeling
• Ability to translate rating agency methodologies into practice, providing structuring insights on a wide array of transaction types
• Excellent written and verbal communication skills, with the ability to articulate complex information clearly and concisely
• Ability to work independently, take initiative, and manage multiple ta