Sr. Associate, Commercial Real Estate

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

As a member of the Commercial Real Estate team, you will support the management of a diversified commercial mortgage portfolio, contributing to asset performance, credit analysis, credit risk management, and portfolio monitoring. This role focuses requires a hands-on professional who can operate across asset management, analytics, borrower relationships, and operations — supporting both investment outcomes and platform efficiency

You will partner with senior team members to provide insights on portfolio performance, contribute to investment analysis, portfolio construction, and risk management, while participating in cross-functional initiatives that enhance scalability, reporting, and operational effectiveness across the platform.

This position currently offers an onsite work schedule, with the expectation that you are in the office four (4) 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

Portfolio & Asset Management

• Support the management of a large-scale CRE loan portfolio (multi-billion-dollar exposure across asset classes).

• Monitor loan performance including funding approvals, leasing activity, covenant compliance, and borrower requests.

• Serve as a primary point of contact for loan servicers, mortgage bankers and borrowers, proactively managing relationships and identifying opportunities to enhance asset performance.

• Monitor watchlist and REO assets and contribute to asset-level strategies that maximize recovery and value.

Credit & Risk Analysis

• Perform financial analysis, re-underwriting, and stress testing to identify potential risks.

• Contribute to quarterly reporting and valuation processes, including DCF modeling and market analysis.

• Assist in evaluating loan modifications, extensions, and restructurings and workouts including distressed scenarios such as foreclosures or note sales.

• Partner with legal, accounting, and servicing teams to support credit and risk-related activities

Portfolio Analytics & Reporting

• Design and maintain portfolio-level analytics, including stress models, KPIs, and performance dashboards.

• Provide actionable insights to support evaluation of credit trends, risk exposure, and portfolio performance.

• Support continuous improvement in reporting processes, automation, and data quality.

Investment & Origination Support

• Partner with originations to evaluate new investments, including underwriting, structuring, and IC memo preparation.

• Provide market intelligence and peer benchmarking to support investment decisions.

Operational Execution & Platform Support

• Support execution of borrower requests in conjunction with 3^rd party loan servicers including lease approvals, reserve disbursements, ownership transfers, and collateral modifications.

• Ensure integrity and accuracy of loan data across internal systems and reporting platforms.

• Participate in cross-functional initiatives across servicing, IT, accounting, and asset management.

• Identify and implement efficiency improvements (reporting automation, system enhancements, vendor optimization).

People & Leadership

• Mentor and develop junior asset management professionals, providing guidance, training, and oversight of analytical work.

• Support hiring and onboarding of analysts and associates.

• Help build scalable processes and best practices to support team growth.

All other duties as assigned.

Minimum Qualifications

• 8 or more years Total Combined post-secondary education and relevant work experience: Bachelor’s degree and 4 – 6 years of related experience.

• 3 - 5 years of experience in commercial real estate asset management, lending, or credit.

• Proven ability to make meaningful contributions to a large CRE loan portfolio, underwriting, or financial analysis.

• Strong skills in DCF modeling, valuation, and real estate credit analysis

• Experience with portfolio analytics, stress testing, or risk modeling

• Proven ability to work cross-functionally and drive initiatives to completion

• Advanced Excel skills (financial modeling and scenario analysis)

Preferred Qualifications

• Experience with loan workouts, bridge lending, or transitional assets

• Familiarity with commercial loan servicing or asset management platforms

• Argus Enterprise certification or equivalent experience

• Experience presenting to investment committee or senior leadership

• MBA or advanced degree in real estate, finance, or related field

AI Proficiency Expectations

At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.

All applicants are expected to:

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.

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!