Associate, Manager Due Diligence presso National Life Group

Associate, Manager Due Diligence

Please note that we do not offer visa sponsorship for this position.

Position Summary:

We are seeking a highly motivated Associate to join the NLG Capital team. This is an exciting opportunity to gain hands-on experience at the intersection of insurance and asset management, contributing to the development and execution of innovative investment strategies that support one of the fastest growing and most sophisticated insurance platforms in the country.

As part of the investment team, you will assist in identifying new investment opportunities, performing manager diligence, supporting execution of transactions, and collaborating with internal and external stakeholders. The role provides exposure to strategic partnerships, investment structuring, and the insurance ecosystem, with a focus on learning, development, and high-impact contribution.

Key Responsibilities:

Origination & Market Research

• Assist in researching new asset classes, private markets trends, and income-generating strategies relevant to insurance portfolios.
• Support early-stage screening and mapping of managers, platforms, and capital solutions within private credit, real estate, and structured finance.

Manager Diligence & Underwriting

• Participate in the diligence and evaluation of external managers, funds, and strategies.
• Help prepare investment memos, peer comparisons, and risk assessments for internal review.
• Coordinate with senior team members on underwriting models and qualitative assessments.

Partnership Development & Execution Support

• Contribute to the development of pitch materials and internal presentations for investment recommendations.
• Support cross-functional deal execution activities, collaborating with legal, accounting, and operations to ensure smooth onboarding and funding.

Portfolio Oversight & Reporting

• Help track performance, exposures, and key developments across the portfolio of third-party investment relationships.
• Contribute to the ongoing enhancement of monitoring frameworks and internal reporting.

Candidate Profile:

Qualifications

• Bachelor’s degree in Finance, Economics, Business, or related field.
• 2–5 years of relevant experience in investment banking, private markets, financial services consulting, or institutional asset management.
• Strong interest in insurance investing, private markets, and strategic partnerships.
• Experience preparing investment materials and conducting financial analysis preferred.

Skills & Attributes

• Excellent communication skills—both written and verbal—with attention to detail and clarity.
• Strong analytical skills, with proficiency in Excel and PowerPoint.
• Curious, self-motivated, and eager to learn in a fast-paced, high-accountability environment.
• Team-oriented and collaborative, with a “firm-first” mentality.
• Comfortable handling multiple workstreams and adapting to evolving priorities.

Cultural Fit

• Embraces a results-driven, entrepreneurial culture.
• Demonstrates humility, intellectual curiosity, and a commitment to continuous improvement.
• Values integrity, transparency, and shared success.
• Interested in building a long-term career in institutional investing.

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! 
• The base salary range for this role is between $97,750 - $138,000 annually. We are open to varying levels of experience.

In addition to base salary, other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position.  National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment

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

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

National Life Group

1 National Life Dr

Montpelier, VT 05604

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