Role Summary

The Associate/Senior Associate, Asset Based Finance plays a key role within the growing structured credit strategy of NLG Capital. This position focuses on underwriting, structuring, modeling, executing, and monitoring privately originated asset-based finance investments across multiple collateral types, including consumer, commercial, digital infrastructure, and other esoteric asset-backed sectors.

This role supports the full investment lifecycle, from initial due diligence and underwriting through execution and ongoing portfolio surveillance. The ideal candidate brings experience in structured credit or asset-based finance, strong analytical and modeling capabilities, and a collaborative approach to evaluating investment opportunities and managing portfolio risk.

This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.
Essential Duties and Responsibilities

• Support the sourcing, underwriting, and modeling of private transactions across the asset-backed securities and loan markets.
• Review deal documentation, negotiate transaction terms, and support the structuring of forward flow agreements, warehouse financing facilities, and term securitizations.
• Coordinate with internal stakeholders, external legal counsel, rating agencies, and industry experts to develop and execute investment solutions.
• Support ongoing portfolio and market monitoring by identifying emerging risks and opportunities and recommending appropriate actions.
• Perform ongoing surveillance of existing investments and communicate asset- and market-level performance to the investment team.
• Conduct research across traditional and esoteric securitized asset classes, including collateral analysis, prepayment analysis, default modeling, and relative value assessments.
• Collaborate with team members to develop subsector and security selection recommendations for securitized investment strategies.
• Contribute to portfolio reporting, asset class insights, and trading activity analysis to support strategic investment decisions.
• Monitor credit, prepayment, liquidity, and market dynamics for risk management, valuation, cash flow forecasting, and other analytical exercises.
• Provide analytical input into the fixed income team's strategic and tactical asset allocation process.
• All other duties as assigned.

Minimum Qualifications

• Bachelor's degree in Finance, Economics, or a related quantitative field.
• Two (2) to five (5) years of relevant experience in asset-based finance, structured finance, securitized products, specialty finance, private credit, FIG, ABS banking, warehouse lending, or credit underwriting.
• Experience analyzing loan portfolios and strong financial modeling skills.
• Familiarity with transaction documentation for structured finance transactions.
• Strong analytical, communication, organizational, and interpersonal skills.
• Ability to communicate market conditions and investment concepts to technical and non-technical audiences.

Preferred Qualifications

• Advanced degree in Finance, Economics, or a related field.
• Progress toward or completion of the CFA designation.
• Experience with a bank, credit fund, structured credit asset manager, specialty finance platform, rating agency, or investment banking group focused on asset-backed finance or securitization.
• Understanding of insurance general account investing.
• Broad understanding of portfolio construction.
• Leadership or mentoring experience.
• Passion for financial markets and continuous learning.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family's specific needs. Check out the BENEFITS of a Career at National Life!

Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.

Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life's discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range

$172,500-$253,000 USD