Senior Financial Analyst – Investment Management

About the role

Reporting directly to the Chief Operating Officer of NLG Capital, the Senior Financial Analyst will support the financial operations of a $40+ billion asset management firm, with significant exposure to senior leadership and the firm’s investment strategies. NLG Capital is an SEC-registered investment adviser within the National Life Group family of companies and is responsible for managing NLG's proprietary investment portfolio - a permanent capital base that enables a long-term, conviction-driven approach to investing. This role sits at the asset management company level and supports the accounting and economics of running NLG Capital as a business, including investment management agreement (IMA) fee calculations and the allocation of operating expenses across investment strategies and asset classes.

Essential Duties and Responsibilities

• Calculate and review fees payable to NLG Capital under Investment Management Agreements (IMAs) with affiliated insurance investors, including base fee mechanics, fee offsets, and any performance-linked components.
• Prepare and review allocations of operating expenses across investment strategies and asset classes—covering shared functions such as research, technology, operations, and compliance—in accordance with IMA terms and established methodologies.
• Build management reporting and analytics that create transparency into NLG Capital’s revenue, expense, and performance drivers and deliver financial insight to senior leadership.
• Maintain documentation supporting fee and expense allocation methodologies and ensure consistent application across strategies and periods.
• Support month-end and quarter-end close activities at the asset management company level, including accruals for fees, expenses, and incentive compensation.
• Contribute to business planning, forecasting, and variance analysis for NLG Capital’s revenue and expense base.
• Calculate investment performance for private asset strategies, including IRR, multiples, and other metrics appropriate to private investment portfolios.
• Validate and reconcile performance and carry calculations between internal records and any third-party computations.
• Partners with Human Resources on carry compensation calculations and administration.
• Support the evaluation, onboarding, and ongoing oversight of third-party providers supporting carry calculations, and other investment related items.
• Partner with investment, operations, legal, and human resources teams to ensure carry plan terms, IMA terms, and expense policies are accurately reflected in the accounting records.
• Identify and implement opportunities to strengthen controls and improve the efficiency of fee, expense, and carry calculation processes.
• Support internal reporting needs for affiliated insurance company investors and senior leadership.
• Support fund formation activities as needed.
• Assist with ad hoc analyses and special projects as needed.

Minimum Qualifications

• Bachelor’s degree in Accounting, Finance, or related field required.
• 7+ years of relevant experience at an asset manager, public accounting firm, or similar environment, with meaningful exposure to private markets.
• Hands-on experience with investment management fee calculations, expense allocations across strategies and supporting the accounting, financial reporting, and operational economics of an investment management organization.
• Experience developing financial analyses, management reporting, budgeting, forecasting, and variance analysis.
• Experience calculating, reviewing, or validating private investment performance metrics, including IRR, MOIC, and related measures.
• Strong proficiency in Microsoft Excel; experience with general ledger systems.
• High attention to detail and strong organizational skills.
• Ability to manage multiple priorities in a collaborative, team-oriented environment.
• Strong communication skills and ability to work effectively across accounting, investment, and operations teams.

Preferred Qualifications

• CPA, CFA, or progress toward either credential.
• Experience calculating, reviewing, or administering carried interest or other performance-based incentive compensation arrangements.
• Experience calculating and reporting private investment performance metrics.
• Experience coordinating with third-party providers on performance or carry plan calculations.
• Experience in private fund accounting, fund administration, or alternative investment operations.
• Collaboration on incentive compensation, carried interest, or long-term incentive plan calculations.
• Experience with performance or carry software.

Core Competencies

• Service Focus - Demonstrates a client centric focus for satisfying one’s external and/or internal customers; establishes and maintains effective relationships with customers and gains their trust and respect.
• Decision Making - Makes sense of complex information, critically evaluates, and creates solutions.
• Results Oriented - Sets performance and personal goals; Driven to meet or exceed goals and objectives.
• Plans and Aligns - Plans and prioritizes work to meet commitments aligned with organizational goals; Aligns people and skills to tasks and assignments; Evaluates results of work.
• Demonstrates Learning Agility - Enhances skills and knowledge through continuous learning; Focuses on personal results by establishing stretch goals; Seeks feedback and changes accordingly.
• Establishes Relationships - Builds partnerships with others to instill trust, collaborate, and meet shared objectives.
• Communicates Effectively - Actively listens, conveys messages to meet different audience needs, and remains open to new ideas and opinions.
• Fosters Diversity - Values diversity and difference in thought, experience, and perspective; Promotes an environment that embraces diversity, equity, and inclusion; Supports equal and fair treatment for all.

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!

Salary Pay Range

$75,000 - $110,000 USD