Demo

Director, Manager Selection & Asset Class Expansion

National Life Group
New York, NY Full Time
POSTED ON 1/29/2025
AVAILABLE BEFORE 4/30/2025

Director, Manager Selection & Asset Class Expansion

Company Summary

For 175 years, National Life Group ("NLG") has aimed to keep their promises to provide families stability in good times and in bad. And throughout that history, they have provided peace of mind to those families as they plan their futures.

As a mission-driven business, the cause of what they do is as important as the products they sell. And their cause is a very simple one, directed at the people who live and work on America's Main Streets : "To Do good in our communities and with the individual families we serve."

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.

Role Summary

We are seeking a highly motivated Director-level hire to join the NLG Capital Team. This role is purpose built to expand NLG Capital's investment capabilities through our partnerships with 3rd party asset managers. In doing so, the individual must have a demonstrated ability to identify differentiated asset classes that generate superior risk-adjusted income, conduct rigorous underwriting of top-tier managers, and support the design of bespoke investment strategies that are tailored to the specific needs of an insurance general account.

The ideal candidate will bring a proven ability to deliver value through strategic partnerships, innovative relationship structuring, and comprehensive manager evaluations. This is role is highly execution-focused, requiring the ability to manage multiple priorities, deliver results under tight deadlines, and support cross-functional initiatives that drive the success of the investment organization.

Essential Duties and Responsibilities

Manager Due Diligence and Selection :

  • Conduct comprehensive due diligence on external managers across diverse asset classes, including public fixed income, private credit, real assets, and other alternatives.
  • Evaluate managers' investment processes, performance history, risk management practices, and alignment with the firm's general account objectives.
  • Prepare detailed underwriting reports with actionable recommendations for the investment committee and senior leadership.

Bespoke Investment Strategy Development :

  • Partner with managers and internal teams to co-create customized investment strategies that are purpose-built for the insurance company's general account.
  • Ensure bespoke strategies meet key objectives, including regulatory capital efficiency, ALM alignment, duration, and book yield targets.
  • Drive collaboration to structure investments that optimize terms, fees, and risk-sharing mechanisms.
  • Performance Monitoring and Analysis :

  • Develop robust frameworks to monitor manager performance and the impact of new strategies on portfolio outcomes.
  • Work closely with Investment Risk and Analytics function to establish and track performance benchmarks, risk metrics, and other key performance indicators for selected managers.
  • Ensure transparency and accountability in all manager relationships
  • Execution Support for Key Initiatives :

  • Ability to pivot to the organization's highest-value initiatives as needs evolve.
  • Contribute to the execution of projects critical to the investment team, including data gathering, analysis, and presentation preparation.
  • Collaborate with investment professionals to support the execution of strategic projects with the firm's investment objectives and insurance-specific constraints.
  • Minimum Qualifications

  • MBA or equivalent advanced degree with a focus on finance, economics, business administration, or a related field.
  • 7 years experience in investment management, manager research, or consulting within financial services.
  • Strong exposure to manager due diligence processes across multiple asset classes, with a focus on identifying top-tier investment managers, developing bespoke investment strategies, and structuring strategic partnerships.
  • Strong analytical and financial modeling skills with the ability to assess risk and identify investment opportunities.
  • Superior communication skills with the ability to effectively present investment proposals to senior management.
  • Benefits & Compensation

  • 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 position is 150-225k. 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

    Social Media Policy

    Site Disclosure and Privacy Policy

    LI-KV1

    LI-Hybrid

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Director, Manager Selection & Asset Class Expansion?

    Sign up to receive alerts about other jobs on the Director, Manager Selection & Asset Class Expansion career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $219,423 - $248,819
    Income Estimation: 
    $280,031 - $485,657
    Income Estimation: 
    $102,977 - $139,811
    Income Estimation: 
    $133,653 - $195,399
    Income Estimation: 
    $525,322 - $679,598
    Income Estimation: 
    $186,654 - $298,212
    Income Estimation: 
    $225,707 - $358,511
    Income Estimation: 
    $225,707 - $358,511
    Income Estimation: 
    $295,525 - $536,738
    Income Estimation: 
    $171,476 - $268,321
    Income Estimation: 
    $186,654 - $298,212
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at National Life Group

    National Life Group
    Hired Organization Address Montpelier, VT Full Time
    Insurance Product Service Representative Please note that we do not offer visa sponsorship for this position. The primar...
    National Life Group
    Hired Organization Address Montpelier, VT Full Time
    Sr. Analyst, Data & Analytics Overview: At National Life Group we are in the process of changing how we think about, org...
    National Life Group
    Hired Organization Address Montpelier, VT Full Time
    Project Manager The Project Manager is responsible for leading and supporting teams to deliver project(s) that span acro...
    National Life Group
    Hired Organization Address Montpelier, VT Full Time
    Associate Director of Financial Reporting Company Summary Come join one of America’s fastest growing insurance companies...

    Not the job you're looking for? Here are some other Director, Manager Selection & Asset Class Expansion jobs in the New York, NY area that may be a better fit.

    Executive Assistant

    Asset Manager, New York, NY

    AI Assistant is available now!

    Feel free to start your new journey!