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Bilingual Senior Specialist, Multi-Unit Underwriting (Position can be located anywhere in Canada)

Sector: Client Operations 

Language Designation: Bilingual 

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

Salary Range: $91305.53 to $114131.91

Position Status: Permanent Full Time 

 
We’re not your typical government agency
Canada Mortgage and Housing Corporation (CMHC) exists for a single reason: to make housing affordable for everyone in Canada. We’re mobilizing the expertise and energy of governments, non-profits, lenders, developers, social entrepreneurs and co-ops to create the future of housing. At CMHC, we believe that everyone in Canada should have a place to call home.
 
Experience a Results-Only Work Environment™ (ROWE™)
At CMHC, we trust you to get the job done. We’ve shifted from managing people to managing work. Each employee is 100% autonomous and 100% 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.
 
 

About the role
We’re constantly evolving to build an inclusive housing system through research, design, innovation and partnerships. You will lead risk management analysis, decisions and recommendations for approval for the most complex scenarios related to underwriting, file-specific risk mitigation, optimizing client service and achieving corporate objectives. You will structure solutions for the most complex multi-unit applications and identify risks likely uncommon to CMHC and provide creative solutions. This will help us make housing affordable for everyone in Canada.

 

What you will need

• Undergraduate degree in a related field such as accounting, business, finance or commerce.
• Minimum of seven years of prior relevant experience such as working with multi-unit mortgage loan insurance, lending, real estate (including non-housing related commercial), financial markets, and/or credit risk analysis.
• Strong knowledge of procedures, policies and regulations of risk management.
• Strong knowledge of financial analysis and statements, borrower legal structures and real estate and construction financing.
• Strong analytical, decision-making and problem-solving skills as well as able to evaluate risk/reward considerations.
• Strong understanding of serviced client groups in Canada, including legal documentation requirements, title registry systems in all provinces and territories, as well as expertise in understanding the independence of all corporate product offerings.
• Ability to take initiative and work independently to develop and utilize a network within CMHC.
• Ability to establish and maintain effective working relationships.
• Sound knowledge of mortgage financing and real estate laws, default remedy and/or public administration.
• Strong oral and written communication skills including presentation, persuasion, negotiation and influencing skills.

 

Additional Assets (if applicable)
• Successful completion of a professional association designation such as being Certified in Real Estate Finance (CRF), Certified Property Management (CPM), Chartered Financial Analyst (CFA), Chartered Accountant (CA) or Accredited Appraiser Canadian Institute (AACI) would be considered an asset.


What you will be doing

 

Advice and Guidance
• Provides expert opinion on the effective and efficient transactional delivery of multi-unit mortgage loan insurance, while adhering to the program's policies and operational procedures.
• Offers advice, support and alternative creative or innovative solutions to clients and stakeholders, including the communication of key decisions, the interpretation of policies and the response to inquiries relating to mortgage loan insurance.
• Serve as approver on risk recommendation decisions within financial authority limits, as applicable. Participate on national teams that shapes functional policies, products and processes.
• Negotiates and navigates through challenging politically sensitive issues, while adhering to all relevant policies and procedures.

 

Risk Management
• Exercises prudence and diligence to ensure compliance with all relevant internal policies and procedures applicable to the function, often pushing risk appetite beyond existing boundaries.
• Applies sound judgment and decision-making practices that are factual and based on complex analysis to derive recommendations and solutions in line with CMHC's risk appetite on CMHC's most complex transactions.
• Provide insurance risk recommendations and present mitigation options.
• Bases assessment on breadth of knowledge and experience rather than past transactions to provide unique risk mitigation recommendations.
• Sets precedents with recommendation and risk assessment on files.


Analysis and Reporting
• Provide effective and efficient delivery of mortgage loan insurance in contribution to service standards.
• Analyze more complex applications involving issues including misrepresentation, borrower structures and financial capacity reviews, higher financial exposures and exceptions to policy, as applicable.
• 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.

 

Relationship Management
• Maintain 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.
• Uses effective oral and written communication techniques to deliver quality service.
• Takes immediate action to address client needs and inquiries.
• Collaborates with internal stakeholders, such as legal services, policy and operations and borrower analysis to seek and secure professional input, clarification and concurrence in support of recommendations.

 

People Leadership (Human Relations Skills)

• Skills in motivating, understanding, and/or developing people are critical to the achievement of results through others.


Does this sound like you?
Click the “apply now” button and create an account (it should take about 30 seconds). We’re excited to hear from you! 

 

Posting closing date: September 27, 2020 @ 11:59 pm EST (Note, the competition may remain active until filled)

 

Job Requisition ID: 5013  

Primary Location: MontrealQuebec  

Other Location(s): Position can be located anywhere in Canada 

Security Requirement: Reliability Status 

Travel Requirement: Occasional 

 

We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted.
 
Diversity
CMHC is an employer that values diversity and encourages the learning and use of both Canada's official languages. CMHC is committed to employment equity and actively encourages application from women, Indigenous people, persons with disabilities and visible minorities
 
*If selected for an interview or testing, please advise us if you require an accommodation.

Learn more below about CMHC and how we help Canadians meet their housing needs.