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Specialist, Multi-Unit Underwriting (Anywhere in Canada)

Job Requisition ID: 9180  

Language Designation: English Essential 

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

Position Status: Permanent Full Time 

Travel Requirement: Occasional 

Office Location: Calgary (AB); Halifax (NS); Montreal (QC); Ottawa (ON); Toronto (ON); Vancouver (BC)

Salary: Our salaries generally range from $ 81410.14 to $ 101762.68 and are based on qualifications and experience. 


At CMHC, we trust you to get the job done. We empower our employees to be fully autonomous and accountable in achieving their results. 


Here are some of the reasons why we were chosen as one of Canada's top employers:


  • Enjoy 5 weeks of vacation;
  • An annual individual performance bonus;
  • Defined benefit pension plan;
  • Comprehensive group insurance to support your well-being from day one;
  • Access to a catalogue of courses for individual learning;
  • An inclusive workplace culture and environment with multiple Employee Resource Groups and much more!


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 eradicate racism and advance equity within CMHC and the housing system.

Join the Client Operations sector in the Specialist, Multi-Unit Underwriting position. As a member of the Multi-Unit Underwriting team, you will identify, understand and assess the risks associated with each multi-unit, mortgage loan insurance application and provide a recommendation for decision. We are seeking an individual who has knowledge in real estate or banking and training in administration, finance or a related discipline and who is also recognized for their excellent analytical and risk management abilities as well as their propensity to maintain solid business relationships. You will help us make housing affordable for everyone in Canada. You will oversee risk recommendations and decisions related to underwriting an insured loan, mitigating risks, optimizing client service and achieving corporate objectives. You will also provide quality service to enhance the corporate image and maintains sound business relationships with industry clients and various levels of CMHC.

Please note that this job posting may be used to fill multiple positions of equivalent level in Commercial Solutions sector, for both permanent and temporary (contract) roles.

  • Conduct detailed risk analysis involving program/product requirements, including but not limited to an assessment of the property, market, borrower and loan, which may involve financial, legal and professional reviews.
  • Apply sound judgment and decision-making practises that are factual and based on well-reasoned analysis to derive insurance risk recommendations and mitigation options in line with CMHC's risk appetite.
  • Exercise prudence and diligence to ensure compliance with all relevant internal policies and procedures applicable to the function.
  • Maintains quality relationships with clients to understand their needs and objectives and explore opportunities.
  • Work in a team environment and contribute to service standards and turnaround times.
  • Engage internal support functions such as legal services, policy and operations, and borrower analysis to seek clarification and concurrence in support of recommendations.

Minimum Qualifications: 

  • Undergraduate degree in a relevant field such as business, finance or commerce.
  • Minimum of three years experience in credit/financial.
  • Knowledge of financial analysis and statements, borrower legal structures and real estate financing.
  • Strong analytical and problem-solving skills.
  • Ability to establish and maintain effective working relationships.
  • Decision-making skills. 
  • Strong understanding of serviced client groups in Canada, including related legal documentation. 

Preferred Qualifications:

  • Successful completion of a professional association designation such as Certified in Real Estate Finance (CRF), Accredited Appraiser Canadian Institute (AACI), Chartered Accountant (CA), Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), or Certified Property Manager (CPM) would be considered an asset.
  • Knowledge of construction financing, multi-unit underwriting, and credit risk analysis would be considered an asset.
  • Experience in building reports and/or in using statistical analysis software such as MS Excel considered an asset.


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



On June 14, 2022, the Government of Canada announced that as of June 20, 2022, it will suspend vaccination requirements for federal government employees.  This decision followed a review of the current public health situation, including the evolution of the virus and vaccination rates in Canada. As a result, and consistent with the Government of Canada decision, CMHC has suspended its Vaccination Policy, effective June 20, 2022.  


As a result, at this time, CMHC does not require employees to be fully vaccinated as a condition of employment.  CMHC will continue to monitor the public health situation and may at any time make adjustments and adopt or reintroduce measures, including mandatory vaccination, attestation and verification requirements. Any such vaccination measures, as updated from time to time, shall form a term and condition of your employment at CMHC.


CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our aspiration.
We are committed to employment equity and actively encourage applications from women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions. We also welcome applications from non-Canadians who are eligible to work in Canada.
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.