National Life Insurance Company

National Life Insurance Company

Analyst, Commercial Real Estate

Addison, TX; Montpelier, VT

Work authorization required$54k-$79kDetected 10 hours ago
Financial ModelingExcelValuationResearchCommunicationProblem SolvingUnderwriting

About the role

  • 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.

Responsibilities

  • Each company of National Life Group is solely responsible for its own financial condition and contractual obligations.

Requirements

  • Bachelor's degree in Finance, Real Estate, or related field and 2 or more years of related experience.
  • Experience with financial modeling and underwriting.
  • Knowledge of, and experience in, structuring positions with the capital stack and relative value.

Nice to have

  • MBA with concentration in Finance, Real Estate, or related field.
  • 5 years of experience in commercial real estate or related field.
  • Experience using VBA in Excel.
  • Experience with ARGUS CRE valuation software.
  • AI Proficiency Expectations
  • 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:

Skills

  • 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.

Compensation

  • 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.
  • Salary Pay Range
  • $54,000 - $79,200 USD

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!
  • education, training and certificates
  • Additional Compensation and Benefits.
  • 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.
  • 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.

Company info

  • 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 NLG Capital's Commercial Real Estate team, this role supports the origination, underwriting, and closing of commercial mortgage investments on behalf of National Life Group. The Analyst will contribute to financial modeling, credit analysis, and market research to support investment decisions and ongoing portfolio management.
  • Analyze and underwrite commercial mortgage loan opportunities, including cash flow modeling and debt sizing.
  • Build and maintain financial models (cash flow projections, IRR, NPV, sensitivity analyses).
  • Evaluate investments across property types, including multifamily, industrial, retail, office, and niche sectors.
  • Assess key credit metrics such as DSCR, LTV, and debt yield.
  • Perform sensitivity analysis on interest rates, vacancy, and exit assumptions.
  • Support loan structuring, including amortization, covenants, reserves, and pricing.
  • Review third-party reports (appraisals, engineering, environmental, sponsor analysis).
  • Analyze leases, operating statements
  • Coordinate with legal, appraisal, and internal stakeholders throughout the closing process.
  • Assist in preparation of credit memos and investment committee materials.

Visa & Work Authorization

  • Please note that we do not offer visa sponsorship for this position.
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This listing is sourced directly from National Life Insurance Company's careers page and normalized into a canonical job model.