Assistant Portfolio Manager

BELONG – There’s no place like Principality

At Principality, belonging isn’t just a value — it’s how we work every day. As a colleague, you’re already part of a supportive and inclusive community where your wellbeing, individuality, and life outside of work are genuinely respected. This internal opportunity is a chance to continue your journey with us, build on your experience, and grow your career within Principality.

We know that great work happens when people feel connected — to each other, to our purpose, and to the communities we serve. That’s why we focus on balance, invest in wellbeing, and encourage continuous learning and development across the organisation.

Why consider this opportunity?

This role offers an opportunity to further develop your skills and make a meaningful contribution within Principality, while continuing to benefit from the culture and ways of working you already know:

• Flexible hybrid working – Our established hybrid approach supports flexibility while maintaining collaboration. This role includes a minimum of 8 days per month based in our Cardiff office.
• An inclusive and supportive culture – We’re proud to be recognised as one of the Inclusive Top 50 UK Employers (ranked 27th in 2025), reflecting our ongoing commitment to inclusion and belonging for all colleagues.
• Purpose-led work – Our continued recognition for customer satisfaction, including Double Gold Awards at the Fairer Finance Awards 2025 for Savings and Mortgages, reflects the impact colleagues make every day.
• Strong colleague engagement – Engagement scores consistently above 85% demonstrate the positive environment we strive to maintain together.
• Wellbeing support – Our Belong benefits package continues to support your physical, mental, and financial wellbeing throughout your career with us.

These achievements are built by our people and reflect our shared commitment to supporting one another and delivering for our members. When it comes to belonging, there truly is no place like Principality — and this role is an opportunity to continue growing as part of it.

Assistant Portfolio Manager – Commercial Lending

Working alongside our experienced Relationship Managers you will manage a portfolio of Commercial clients and support the execution of large commercial deals, manage completions, and maintain high service standards across a diverse portfolio. This is a hands-on, relationship-focused role that combines technical credit expertise with customer interaction.

What you’ll be doing:

• Managing a portfolio of commercial clients
• Supporting deal execution and managing completions for commercial property transactions
• Maintaining regular contact with customers through face-to-face and phone meetings
• Preparing high-quality credit submissions and supporting documentation (SARGA / CLAPM / Fastrack)
• Managing risk and income across the portfolio through timely customer renewals and internal reviews
• As opportunities arise, producing and negotiating Term Sheets and loan documentation in line with policy
• Supporting the wider Relationship Management team with deal structuring and analysis
• Representing the Society at commercial property events to grow our brand and network

What we’re looking for:

• Knowledge of credit risk and commercial lending principles
• Knowledge of legal and financial documentation, including security perfection
• Competent user of Microsoft Word and Excel
• Knowledge of CLASS system (desirable but not essential)
• Familiarity with the commercial real estate landscape in Wales, London, and the Southeast (desirable)

Key Competencies:

• Commercial awareness of UK property markets and economic trends
• Good interpersonal and communication skills
• Commitment to compliance and internal standards
• Ownership of personal contribution to team targets and business plan

If you're passionate about commercial lending and ready to step into a pivotal support role, we’d love to hear from you. 

If you have any questions in relation to this role, please contact the recruitment team at -recruitment@principality.co.uk