Compensation Program Manager – Asset Management

Please note that we do not offer visa sponsorship for this position.

Role Summary

The Compensation Program Manager – Asset Management is a key role in the National Life People Center and NLG Capital that will help ensure our Compensation policies, programs, and processes are designed, implemented, and executed in line with our Compensation Guiding Principles and reflective of our Compensation Philosophy. 

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 struct