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At CMHC, we trust you to get the job done. Since January 2019, we’ve shifted from managing people to managing work. Each employee is 100% autonomous and accountable. You can choose where you need to be and when you need to be there to meet your objectives. You’re in control of your time and are trusted to make the right decisions.

Specialist, Multi-Unit Default Management (Position can be located anywhere in Canada)


Help make a difference for Canadians. CMHC’s aspiration is that by 2030, everyone in Canada has a home that they can afford and that meets their needs. All of our programs and activities support this singular goal.

Be part of an inclusive workplace. Diversity and Inclusion guides everything we do at CMHC. We’re taking concrete actions to eliminate racism and embed equity into our culture, processes, programs, and policies so that they reflect the lived experiences of all Canadians.

Join the Client Operations Team where we make housing affordability solutions easy. Use your skills and passion evaluating options to support multi-units clients along viable paths from distress to a return to good performance. Find the best solution, within CMHC’s risk appetite, for projects experiencing financial difficulty to maintain their affordability.




• Recommend solutions, in collaboration with receivers, legal counsel, property managers and other external partners and stakeholders, to assist multi-unit housing projects with CMHC that are in financial difficulty. Communicate and negotiate to explore possible options and ultimately reach a solution, which may be a refinancing, a workout or disposal according to the various legal actions with regard to mortgage financing.

• Work continually with for profit and not for profit groups to ensure the smooth implementation of workout.

• Perform in-depth analysis of projects that are undergoing financial difficulties and seek approval of an appropriate solution that will meet client needs and mitigate risks for the Corporation.

• Negotiate plans using knowledge of practices and policies pertaining to social and affordable housing, including but not limited to default management, finance, law, and property management.

• Work closely with various internal and external professionals, partners and stakeholders to validate and verify the financial, legal and risk implications of recommended decisions.

• Consider political and social concerns as related to social housing in order to find suitable solutions for projects in difficulty.

• Take non-financial information into account to come up with options and objectives specific to the project with the goal of aligning the interests of the housing providers, loan providing entities and CMHC.

• Leverage financial and policy authorities to recommend exceptions where applicable while designing new solutions.


Minimum Qualifications:

• Undergraduate degree in business administration, finance, accounting or any other relevant education will be considered.

• Minimum of five years of experience in one or more of the following areas: business turnarounds, recoveries, underwriting of multi-unit estate, housing finance and default management or a post-graduate degree and 3 years experience will be considered.

• In-depth knowledge of risk factors related to mortgage loans for multiple unit projects with five or more units.

• Strong knowledge of multi-unit real estate finance and contract law.

• Ability to interpret appraisals, market and financial reports for multiple-unit housing projects.

• Strong negotiation skills and the ability to influence others.

• Strong oral and written communication skills in both official languages.


Posting closing date: Note, the competition may remain active until filled


CMHC values diverse backgrounds and experience and welcomes non-Canadians who are eligible to work in Canada to apply!


We sincerely thank all candidates for their interest, however, please note that only applicants selected for further consideration will be contacted. If selected for an interview or testing, please advise us if you require an accommodation.


Job Requisition ID: 6924  

Language Designation: English Essential 

Language Skill Levels (Read/Write/Speak): ZZZ 

Minimum Base Salary: 77114.85 

Travel Requirement: Travel not required 

Office Location: Calgary (AB); Charlottetown (PE); Edmonton (AB); Halifax (NS); Moncton (NB); Montreal (QC); Ottawa (ON); Quebec (QC); Saskatoon (SK); St. John's (NL); Thunder Bay (ON); Toronto (ON); Vancouver (BC); Winnipeg (MB); Yellowknife (NT)

Other Location(s):