Director, Manager Selection & Asset Class Expansion

Director, Manager Selection & Asset Class Expansion

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

We are seeking a highly motivated Director-level hire to join the NLG Capital Team.  This role is purpose built to expand NLG Capital’s investment capabilities through our partnerships with 3rd party asset managers.  In doing so, the individual must have a demonstrated ability to identify differentiated asset classes that generate superior risk-adjusted income, conduct rigorous underwriting of top-tier managers, and support the design of bespoke investment strategies that are tailored to the specific needs of an insurance general account.

The ideal candidate will bring a proven ability to deliver value through strategic partnerships, innovative relationship structuring, and comprehensive manager evaluations. This is role is highly execution-focused, requiring the ability to manage multiple priorities, deliver results under tight deadlines, and support cross-functional initiatives that drive the success of the investment organization.

Essential Duties and Responsibilities

Manager Due Diligence and Selection:

• Conduct comprehensive due diligence on external managers across diverse asset classes, including public fixed income, private credit, real assets, and other alternatives.
• Evaluate managers’ investment processes, performance history, risk management practices, and alignment with the firm’s general account objectives.
• Prepare detailed underwriting reports with actionable recommendations for the investment committee and senior leadership.

Bespoke Investment Strategy Development:

• Partner with managers and internal teams to co-create customized investment strategies that are purpose-built for the insurance company’s general account.
• Ensure bespoke strategies meet key objectives, including regulatory capital efficiency, ALM alignment, duration, and book yield targets.
• Drive collaboration to structure investments that optimize terms, fees, and risk-sharing mechanisms.

Performance Monitoring and Analysis:

• Develop robust frameworks to monitor manager performance and the impact of new strategies on portfolio outcomes.
• Work closely with Investment Risk and Analytics function to establish and track performance benchmarks, risk metrics, and other key performance indicators for selected managers.
• Ensure transparency and accountability in all manager relationships

Execution Support for Key Initiatives:

• Ability to pivot to the organization’s highest-value initiatives as needs evolve.
• Contribute to the execution of projects critical to the investment team, including data gathering, analysis, and presentation preparation.
• Collaborate with investment professionals to support the execution of strategic projects with the firm’s investment objectives and insurance-specific constraints.

Minimum Qualifications