Sr. Associate, Asset- Financing

Sr. Associate, Asset-Based Financing
Join to apply for the Sr. Associate, Asset-Based Financing role at National Life Group.

National Life Group is one of America's fastest‑growing insurance companies, founded in 1848. We aim to keep our promises by providing families with stability and peace of mind while supporting the community through charitable grants, volunteer time, and sustainable practices.

The Sr. Associate, Asset‑Based Financing will support senior members of NLG Capital’s structured credit team. Responsibilities include sourcing, analyzing, trading, structuring, and executing complex structured finance and asset‑backed transactions, underwriting ongoing portfolio monitoring, and evaluating asset originators and collateral to develop solutions for NLG’s balance sheet.

• Support the team in sourcing, modeling, and analyzing private transactions across the asset‑backed securities and loan markets.
• Review deal documentation, negotiate transaction terms, and structure forward‑flow agreements, warehouse financing, and term securitizations.
• Coordinate with internal and external legal counsel, rating agencies, and industry experts to identify and execute solutions appropriate for NLG.
• Support ongoing portfolio and market monitoring, proactively identify emerging risks and opportunities, and recommend appropriate actions.
• Perform timely surveillance of existing investments and maintain a clear system to communicate asset and market‑level performance.
• Conduct research for traditional and esoteric securitized asset classes, including collateral and prepayment analysis, risk and default modeling, and cross‑sector relative value comparisons.
• Collaborate with team members to develop and implement sub‑sector and security selection recommendations for securitized strategies.
• Contribute to asset‑class insights and reporting on portfolio and trading activity to aid strategic decision‑making across the firm.
• Monitor credit, prepayment, liquidity, and market dynamics for risk management and balance‑sheet valuation, including cash‑flow forecasting.
• Provide key input to the fixed‑income team’s strategic and tactical asset‑allocation dialogue.

• Bachelor’s degree in finance, economics, or a quantitative field.
• 2+ years of structured finance or whole‑loan experience across consumer finance, residential solar, equipment lease/financing, or other asset‑based financing markets.
• Deep understanding of structuring process and documentation provisions in complex structured transactions.
• Experience with cash‑flow modeling and systems, including Intex.
• Demonstrated experience with deal structuring, negotiation, and documentation across flow agreements, warehouse, and/or securitization.
• Broad strategic investment perspective and understanding.
• Strong leadership, organizational, and interpersonal skills; experience mentoring, teaching, and training staff.
• Active student of the markets with a passion for their work.
• Able to articulate market conditions to a variety of audiences.

• Advanced degree and/or CFA (optional but favored).
• Experience in a structuring, capital markets, rating agency, buy‑side, or banking role preferred.
• Understanding of accounting implications and insurance general‑account investing preferred but not required.

• Benefits start day one and are flexible and customizable to your and your family’s needs.

$172,500 – $253,000 USD (inclusive of factors such as experience, knowledge, education, and market conditions).

The total compensation package may include medical, financial, and other benefits, such as 401(k) eligibility, paid time off, and discretionary annual incentive programs. The position is at‑will.

Open until filled. National Life Group reserves the right to modify base salary or benefit programs at any time.

Montpelier, VT.