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Associate, Business Development

Addison, TX; Montpelier, VT

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

About Us

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team.  They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision.  We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders.  Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

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

Role 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.

This position currently offers an onsite work schedule, with the expectation that you are in the office four 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

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.

Minimum 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.

Preferred Qualifications

  • Experience preparing investment materials and conducting financial analysis preferred.

Benefits

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

$170,000 - $240,000 USD

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.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.

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National Life Group

1 National Life Dr

Montpelier, VT 05604

 

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