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Bilingual Manager, Multi-Unit Underwriting (Anywhere in Canada)

Job Requisition ID: 8941  

Language Designation: Bilingual 

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

Position Status: Permanent Full Time 

Travel Requirement: Travel not required 

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

Salary: Our salaries generally range from $ 94388.91 to $ 117986.14 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. Employees focus on how they achieve results rather than when and where they choose to work.


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 Multi-Unit Underwriting. 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 will be structuring solutions for complex multi-unit projects, identifying risks and providing creative solutions in order to help us make housing affordable for everyone in Canada.
Number of openings: 4 permanent full-time positions. 

  • Oversees the prudent, effective and efficient delivery of multi-unit mortgage loan insurance and 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 for mortgage loan insurance.
  • 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.
  • 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.

Minimum Qualifications:

  • Undergraduate degree in a related field such as business, finance or commerce.
  • Minimum of five years of experience related to underwriting.
  • Three years of supervisory experience.
  • 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).
  • Knowledge of market trends and developments in Canada and of industry partners.
  • Ability to establish and maintain effective working relationships.
  • Strong understanding of serviced client groups in Canada, including related legal documentation.

Preferred Qualifications:

  • 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 may 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.