Bilingual Manager, Multi-Unit Underwriting

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:

• Annual Paid vacation.
• Annual individual performance incentive.
• Defined benefit pension plan.
• Comprehensive group insurance plan to support your well-being from day one.
• Support towards your personal and professional growth with training, mentorship and more. 
• An inclusive workplace culture and environment.
• While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates. 

About the role

Join the Apartment Construction Loan Program team, in the Manager, Multi-Unit Underwriting position. In this role, you will be leading a team of Multi-Unit Underwriters by providing strategic and practical advice and insights in the multi-unit housing domain. You and your team will be structuring solutions for complex multi-unit projects, identifying risks and providing creative solutions to help us make housing affordable for everyone in Canada.  In this role, you will help advance new housing development across Canada by supporting the delivery of the Apartment Construction Loan Program. You will leverage your financial expertise, underwriting experience and relationship-building skills to drive the development of rental housing across the country.

 
What you’ll do:  

• Leads, motivates and manages the performance of a team and contributes towards prudent, effective and efficient delivery of the Apartment Construction Loan program (ACLP).
• Ensures consistency in the application and interpretation of program policies and operational procedures.
• Offers advice, support and alternative solutions to clients and stakeholders including the communication of key decisions, the interpretation of policies and the response to inquiries.
• Analyzes and provides guidance for complex applications involving issues including borrower structures and financial capacity reviews, higher financial exposures and exceptions to policy, as applicable.
• Applies sound judgment and decision-making practices that are factual and based on underwriters' complex analysis to approve or recommend solutions and mitigation options in line with CMHC's risk appetite.
• Manages and maintains complex and sophisticated lender and borrower client relationships including senior executives of private and publicly traded companies, real estate investment trusts (REITS), pension funds, non-profits, etc., to manage and address their needs, understand their objectives and explore opportunities.
• Coaches team members and providing guidance on complex, high-value, or high-risk financial requests, including the use of technical financial tools.
• Collaborates with internal stakeholders such as Multi-Unit Borrower Financial Analysis (MUBFA), Legal Services, Policy and Operations, Market Analysis and Professional Services, to satisfy the borrower financial capacity review requirements, seek legal and policy clarifications, and secure professional input and reviews (internal).

What you should have: 

• An undergraduate degree in a related field such as business, finance or commerce.

• A minimum of five years of experience related to underwriting.
• Three years of supervisory experience and/or demonstration of leadership competencies.
• Strong knowledge of procedures, policies and regulations, and risk management.
• Strong knowledge of financial analysis and statements, borrower legal structures and real estate financing, as well as sound knowledge of appraisal, building technology, real estate law and property management.
• Strong analytical, decision-making and problem-solving skills.
• Strong oral and written communication skills including persuasion, negotiating and influencing skills, in both official languages (French and English).
• The ability to establish and maintain effective working relationships.

 
It would be great if you also had:  

• Knowledge of multi-unit mortgage loan insurance.  

• Successful completion of a relevant professional association designation would be considered an asset.

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

Our commitment to diversity, equity, and inclusion 

We’re committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply. We also welcome applications from non-Canadians who are eligible to work in Canada.

CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our mission.

Learn more about our commitment to diversity and inclusion 

What happens after you apply 

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process.  If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don’t worry – we're always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around!