Third Party Investment Analyst

Montpelier, VT / Dallas, TX
Open / Negotiable
Oct 07, 2021
Nov 06, 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 Analyst – Fixed Income Manager Research   

Reports to                    Head of Investment Strategy 

Position Summary 

Reporting to the Head of Investment Strategy, the Investment Analyst is responsible for conducting 3rd Party Manager due diligence to identify fixed income investment managers with the capabilities, track record, and cultural fit required to manage assets on behalf of National Life Group.  In this role, the individual will be responsible for developing and implementing a robust manager due diligence process.  In doing so, they will focus on identifying managers with strong, repeatable investment processes who will add value to National Life Group’s fixed income investment portfolio.  In addition, the individual will be responsible for ongoing due diligence on existing manager relationships, ensuring that the 3rd party managers are meeting the performance, risk, communication, and stewardship expectations of NL Capital.  This role collaborates with individuals throughout the Investment Team to ensure that we have access to all relevant asset classes and that we are receiving the required information flow from all fixed income managers investing assets on NL Capital’s behalf.     


  • 3rd Party Fixed Income Asset Manager expert.  

  • Presents to 3rd Party Manager Due Diligence Committee – develops 3rd party manager due diligence process, recommends new managers.   

  • Works closely with Investment Team to ensure that NL Capital has access to relevant fixed income asset classes, with a specific emphasis on ensuring that we can execute within all asset classes including our Strategic Asset Allocation framework.  

  • Develops Investment Guidelines and facilitates completion of Investment Management Agreements for all 3rd party fixed income managers.   

  • Partners with Legal, Compliance, and Operations to establish and maintain business requirements associated with utilizing external managers.   

  • Partners with other members of the Investment Strategy Team to analyze manager performance and risk relative to expectations.   

  • Facilitates free flow of information between 3rd party managers and internal investment team.   

  • Represents the Investment Team interests and maintains relationships with 3rd party managers.   


Pivotal Experience & Expertise 

  • 3-7 years of experience in a similar role, and/or MBA 

  • Experience with insurance general account investing 

  • Experience evaluating fixed income investment managers 

  • 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 

  • 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

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