Director, Private Credit

The Company

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.

Position Summary:

The Director, Private Credit, will play a pivotal leadership role in the newly formed Private Credit vertical, overseeing the strategic sourcing, evaluation, execution, and management of private credit investments. This senior role requires an experienced professional with 5+ years of experience in private credit, including a strong background in credit analysis, financial modeling, due diligence, and deal structuring. The Director will be responsible for leading a team, collaborating closely with senior management, internal teams, and external partners to originate and execute direct investments, as well as working on partner-led investments and secondary credit market opportunities. Additionally, the Director will play an integral part in driving the continued development and growth of the firm’s private credit capabilities, ensuring high-quality execution of transactions and overseeing strategic initiatives across the firm.

Essential Duties and Responsibilities:

• Leadership & Team Development: Lead, mentor, and develop a team of professionals within the Private Credit vertical. Foster a collaborative, high-performance environment that encourages innovation and excellence.
• Credit Analysis & Due Diligence: Take a leading role in overseeing the comprehensive credit analysis process for both direct investments and partner-led transactions. Work extensively alongside the team in evaluating financial statements, assessing credit risks, and conducting in-depth liquidity/capital structure analysis. Serve as primary point of contact with borrowers, advisors, and counsel for each investment. Provide strategic insight and analysis to ensure sound decision-making.
• Financial Modeling & Deal Structuring: Development and maintenance of financial models for assessing investment opportunities. Lead the structuring of credit deals, ensuring alignment with the firm’s risk-adjusted return goals.
• Investment Committee Presentation: Lead presentation of new investments and updates on existing investments to the Investment Committee.
• Drafting & Reviewing Legal Documents: Oversee the drafting, review, and negotiation of critical legal documents, including term sheets, credit agreements, bond indentures, and other related documentation. Work closely with in-house and external legal counsel to ensure robust execution of transactions.
• Direct Investments & Partner Collaboration: Spearhead efforts to source and evaluate high-quality private credit investments. Lead and manage relationships with external partners such as private equity firms, direct lenders, capital market desks at investment banks/advisors, and other financial institutions to structure and execute investments.
• Secondary Credit Market Investments: Take a leadership role in identifying and assessing secondary credit market investment opportunities. Direct the evaluation of portfolio acquisitions and single-name credits, whil