Senior Financial Analyst – Investment Management

About the role

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.

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.
• Aid in fund formation activities as needed.
• Assist with ad hoc analyses and special projects as needed.

Requirements

• 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.

Qualifications

• CPA, CFA, or progress toward either credential preferred.
• 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.

Skills

• Service Focus
• Decision Making
• Results Oriented
• Plans and Aligns
• Demonstrates Learning Agility
• Establishes Relationships
• Communicates Effectively
• Fosters Diversity

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!

Pay

$75,000 - $110,000 USD

Schedule

At-will position