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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.

Senior Analyst, Multi-Unit Underwriting (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 eradicate racism and advance equity within CMHC and the housing system.



Join the Client Operations Team, where our partners view CMHC as the catalyst for solving housing affordability challenges. 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.


This is a temporary position of a duration of 12 months.


• 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 practices 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 analysis (Knowledge of construction financing, multi-unit underwriting, and credit risk analysis would be considered an asset).
• Knowledge of financial analysis and statements, borrower legal structures and real estate financing.
• Strong analytical and problem-solving skills (experience in building reports and/or in using statistical analysis software such as MS Excel considered an asset)
• Strong oral and written communication skills in both official languages (French – English)
• Ability to establish and maintain effective working relationships. 
• Decision-making skills. 
• Strong understanding of serviced client groups in Canada, including related legal documentation. 
Preferred qualification: 

• 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,

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




CMHC has implemented vaccination requirements to align with Government of Canada mandatory vaccination measures for the federal public service.


Vaccination against COVID-19 is mandatory for all CMHC employees, regardless of place of work (teleworking, working remotely or working on-site). CMHC’s vaccination measures, as updated from time to time, are a term and condition of employment.


CMHC requires all new employees to be fully vaccinated as a condition of employment. If you are the selected candidate, your vaccination status will be verified by an authorized CMHC third party as part of the offer process. If you wish to request an exemption from CMHC’s vaccination requirements on valid human rights-based grounds, you must do so at the offer stage as part of the recruitment process and be approved for an exemption before any offer of employment can be issued.


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.


Job Requisition ID: 7702  

Language Designation: Bilingual 

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

Minimum Base Salary: 65335.51 

Travel Requirement: Travel not required 

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

Other Location(s):