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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.

Bilingual Senior Analyst, Multi-Unit Underwriting (Anywhere in Canada)

Job Requisition ID: 8201  

Language Designation: Bilingual 

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

Starting Base Salary: 66642.22 

Position Status: Permanent Full Time 

Travel Requirement: Limited 

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


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.

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


The Real Estate Financing Program is a talent recruitment and training program designed to attract, train and retain top talent and provide a unique career opportunity in multi-unit underwriting and in real estate credit and risk analysis.  


Multi-unit underwriting is a highly specialized area, and we are looking to increase our internal capability. This will help solidify our position as the Canadian expert and leader in multi-unit housing finance and risk management, and further expand our expertise in the creation and preservation of market and affordable rental units.


As part of this comprehensive training program, you will get exposure to the complete multi-unit mortgage life cycle and default management process including policy interpretation, enabling you to learn firsthand about the various risks related to the housing market. At the end of the program, you will have gained the knowledge and skills you will need to continue your career as a real estate financing professional on one of CMHC’s Multi-Unit Underwriting teams. 


  • 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 recommendations and solutions in line with CMHC's risk appetite.
  • Offer advice, support and alternative solutions to clients and stakeholders including the communication of key decisions, exercising prudence and diligence to ensure compliance with all relevant internal policies and procedures applicable to the function.
  • Serve as peer reviewer and approver on risk recommendation decisions within financial authority limits, as applicable.
  • Analyze applications involving issues including misrepresentation, borrower structures and financial capacity reviews and exceptions to policy, as applicable.
  • Work in a team environment and contribute to service standards and turnaround times, while also engaging internal support functions such as legal services, policy and operations, and borrower analysis to seek clarification.
  • Use effective oral and written communication techniques to deliver quality service, while maintaining quality relationships with clients to understand their needs and objectives and explore opportunities.


Minimum Qualifications:


  • A commitment to demonstrating CMHC values
  • Bachelor’s degree in business, finance, commerce, or real estate combined with a minimum of two (2) years of experience in Real Estate Underwriting and/or credit and risk analysis (Multi-Unit 7+), with a demonstrated proficiency in the understanding and application of Real Estate Financing parameters.  
  • Demonstrated knowledge in the areas of financial analysis and statements, borrower legal structures and real estate financing, in addition to familiarity with procedures, policies, regulations, and risk management. 
  • Strong analytical, problem-solving and decision-making skills with a demonstrated ability in the identification and mitigation of multi-unit real estate risks.
  • Knowledge of market trends and developments in Canada and of industry partners.
  • Demonstrated client relationship management skills, including the ability to establish and maintain effective working relationships.
  • Demonstrated ability to effectively integrate multiple IT tools, including CRM systems, into underwriting activities.
  • Strong oral and written communication skills in both official languages (French and English)

Preferred Qualifications:

  • Solid understanding of the Canadian housing market industry (construction, rental, multi-unit development).

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.