Associate/Senior Associate, Structured Products

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.

THE POSITION

Position Title     Associate/Senior Associate, Structured Products

Position Summary

The Associate/Senior Associate, Structured Products plays a key role within the growing structured credit strategy of NLG Capital. This role will support senior members of the SPG team on sourcing, analyzing, trading, structuring, and executing complex structured finance and asset-backed transactions. 

The Associate/Senior Associate has visibility across both the public and private markets, supporting the underwriting, ongoing monitoring, and investing of 4a2 and 144a ABS 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 Associate/Senior Associate will have analyzed collateral and transactions across consumer finance, equipment lease/financing, residential solar, mortgages, and/or other asset backed sectors. 

Responsibilities

• Support the team in sourcing, modeling, and analyzing syndicated and private transactions across the asset backed securities and loan markets
• Support the SPG 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 in both securities and whole loans, 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 SPG 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

THE PERSON

Pivotal Experience & Expertise

• Bachelors degree in finance, economics, or a quan