Compensation Business Partner-Asset Management

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. Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard. We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good. Please note that we do not offer visa sponsorship for this position. Role Summary Shape the future of investment compensation at National Life Group. We are seeking a Compensation Business Partner- Asset Management to lead the execution and governance of complex incentive structures—including carried interest and fund-based long term cash plan within our asset management team, NLG Capital. This is a high-impact role at the intersection of compensation strategy and investment performance, where you will partner directly with senior investment leaders to align pay with fund outcomes, drive retention of top talent, and ensure market-leading competitiveness across asset management roles. You will own and evolve critical compensation programs that influence how we attract, reward, and retain talent in a highly competitive market—bringing both strategic insight and operational rigor to some of the most complex and visible compensation structures in the organization. The associate in this role will work partner with NLG Capital leadership team on a wide range of compensation responsibilities specific to the Asset Management industry including managing incentive plans, providing consultation and support to business leaders on compensation policies and processes, and leading ad-hoc Compensation projects.  The ideal candidate is a strong compensation professional who is able to easily adapt to changing business needs and make mindful decisions in light of ambiguous circumstances, use effective communication skills to share information and collaborate with People Center and business colleagues, and work independently to take ownership of requests, projects, and processes. At National Life, we believe our culture is strongest when we connect in person — sharing ideas, collaborating with colleagues, and building relationships that drive innovation.  To support this, the current work schedule for this role includes being on-site Monday through Thursday each week.  These designated on-site days may be adjusted in the future with advance notice.  A remote work arrangement may be considered for qualified candidates. Essential Duties and Responsibilities Incentive Compensation Program Management Own end-to-end governance and administration of the carried interest plan, including eligibility, allocation modeling, vesting, distributions, clawbacks, documentation, and participant communications. Partner with Finance, Legal, Tax, Payroll, and external administrators to ensure all allocations and payouts are accurate, compliant, and audit-ready. Maintain and update plan documents, award agreements, and governance materials to reflect evolving business and regulatory requirements. Establish and maintain strong internal controls, documentation standards, and risk management practices across all incentive programs. Lead administration of asset management incentive programs, including short- and long-term incentives, co-invest arrangements, and deferred compensation plans. Ensure accurate eligibility determination, calculations, approvals, funding validation, and payout execution. Evaluate and recommend program enhancements to align with business strategy, investment performance objectives, retention priorities, and market competitiveness. Compensation Strategy and Advisory Support Serve as a trusted advisor to Asset Management leadership on compensation strategy, program structure, and individual pay decisions across investment and operational roles. Lead market benchmarking and competitive analysis for asset management positions, and monitor industry trends across base salary, incentives, carried interest, co-invest, and deferral programs. Translate market data and industry insights into clear, actionable recommendations that support attraction, retention, and long-term business strategy. Provide modeling, scenario analysis, and data-driven guidance to inform hiring offers, promotions, retention actions, organizational changes, and fund-related compensation decisions. Partner with Talent Acquisition and business leaders to structure competitive, market-aligned offers while ensuring internal equity, fiscal discipline, and governance alignment. Operational Excellence Design and maintain repeatable, well-controlled administration processes for complex incentive vehicles. Identify and implement process improvements to enhance accuracy, efficiency, transparency, and stakeholder experience. Oversee third-party vendors supporting compensation administration, including establishing requirements, managing service levels, and resolving issues. Develop executive-level reporting and dashboards summarizing compensation outcomes, fund performance alignment, carried interest participation, and risk exposure. Ensure data integrity and maintain robust records for forecasting and long-term financial planning. Develop and maintain job descriptions and role profiles for asset management positions to ensure consistent leveling, compensation alignment, and organizational clarity. Support organizational design initiatives by providing compensation impact analysis and cost modeling. Ad Hoc Projects Lead spe