Investment Research Analyst

Montpelier, VT / Dallas, TX
Open / Negotiable
07 Oct 2021
06 Nov 2021
Industry Sector
Asset Management
Employment Type
Full Time


For more than 170 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, we have provided peace of mind to those families as they plan their futures.  

As a mission-driven business, the cause of what we do is as important as the products we sell. Our 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.”  

The investment management company of NLG manages approximately $41 billion in AUM. Our purpose is simple – to set up (or help) 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, and a 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. 


Position Title:  Investment Research Analyst  

Reports to:  Head of Credit Research  

Position Summary 

Reporting to the Head of Credit Research, the Investment Research Analyst conducts rigorous fundamental research across assigned sectors in the investment grade and high yield public and private credit markets. This includes surveillance of assigned sectors within National Life Group’s $20 billion corporate and municipal credit portfolio, as well as underwriting new investment opportunities that are suitable for the firm’s portfolio mandates. The Investment Research Analyst also assists with portfolio analytics for the firm’s credit portfolio and participates in the development of credit strategy across the NLG liquid products portfolio. 


  • Perform in depth fundamental sector, issuer, and security-level research across the credit markets  

  • Provide fundamental analysis and recommendations on existing and potential public and private credit investments to portfolio managers and the broader investment team 

  • Build and maintain financial models and credit memoranda on corporate issuers, and leverage the research process to proactively identify risks and opportunities 

  • Provide topical market and sector commentary to the credit and portfolio management team, and maintain relevant market data to aid relative value determinations and strategy development 

  • Establish and maintain fundamental, quantitative, and relative value screens to assist in the formulation of investment recommendations across assigned sectors  

  • Contribute to the ongoing development of portfolio analytics for the credit portfolio 

  • Conduct regular reviews of assigned sectors to inform the broader investment team 

  • Collaborate and communicate effectively across the firm on both individual issuers and the broader credit markets 


Pivotal Experience & Expertise 

  • Bachelor’s degree required, MBA or CFA desirable 

  • At least three years of credit research or banking experience in corporate credit 

  • Experience underwriting high yield/loans and analyzing associated documents preferred 

  • Solid interpersonal skills and ability to connect to form meaningful working partnerships 

  • Strong understanding of the asset management industry and capital markets, particularly in     fixed income 

  • Superior written and verbal communication skills to articulate strengths and weaknesses of 

potential investments 

  • Proficiency in Excel, PowerPoint, and Bloomberg 

  • Experience with Tableau, Microsoft BI, VBA, and/or Python programming experience preferred 

  • Inclusive team player with a collaborative and cooperative approach  

  • Strong work ethic and proactive professional disposition 

Cultural Fit 

  • Results-driven mindset 

  • A coach who knows how to guide others - a good listener and an effective communicator who can execute, lead by example, and add business value 

  • Thrives in an environment where the best ideas that drive the best results are rewarded 

  • Has the integrity to communicate all relevant facts and information in evaluating decisions and the humility to admit what they do not know 

  • Love of learning – comfortable in an organization that seeks to continually learn from its failures and successes to drive better investment decisions 

  • Comfortable with ambiguity and the mentality required to address and ultimately own those ambiguous situations – finds answers and solutions, a problem solver   

  • Comfortable giving and receiving constructive feedback in both real time and structured environments 

  • Demonstrates transparent, direct, and open communication across the organization 

  • Promotes collaboration and has a “firm first” attitude – does what is right for the firm 

  • Commitment to our mission – keeping our promises, vision – to bring peace of mind to everyone we touch and values – Do good. Be good. Make good. 

This role is not open to applicants residing or otherwise based in Colorado and cannot be performed in Colorado

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. 

National Life Group

1 National Life Dr

Montpelier, VT 05604

  • You need to sign in to save