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Senior Analyst, Credit and Collections

Sector: Client Operations 

Language Designation: English Essential 

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

Salary Range: $63418.82 to $79273.53

Position Status: Temporary 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.

This position reports to the Senior Manager, Financial Services, in our Risk Management - Operations team, Office of the SVP, Client Operations.

This is a 12 months renewable contract based in Ottawa; however, there is a possibility that the successful candidate can work from another CMHC office location or from home. The intent of this advertisement is to identify and assess qualified candidates to staff both current and future Senior Analyst positions in the Multi-Unit Borrower Financial Analysis team


About the role

We’re constantly evolving to build an inclusive housing system through research, design, innovation, and partnerships. You will conduct ongoing creditworthiness analyses and evaluations of existing and potential counterparties to support CMHC’s credit risk policies. You will proactively develop an in-depth understanding of the business operations through conducting discussions and analyses, distilling financial needs and gaining trust as a business partner. This will help us make housing affordable for everyone in Canada.



What you will need

  • A university degree, preferably in Business Administration, Public Administration, Economics, Commerce, with a concentration in Finance / Accounting and a minimum of two to three (2 to 3) years relevant work experience with increasing responsibilities in the area of credit and financial analysis, with some managerial responsibilities OR an equivalent combination of education and experience.
  • Demonstrated experience in preparing financial credit analysis and written reports to management.
  • Extensive knowledge of IFRS, ASPE and the CPA Canada Handbook.
  • Strong knowledge and understanding of analytical approaches, tools, and procedures including financial ratio analysis and valuation techniques.
  • Broad knowledge of CMHC’s financial, legislative and regulatory environment.
  • Strong Project management and team leadership skills
  • Organizational skills to manage several on-going and competing projects/demands.
  • Ability to work in a high stress, multi-demand environment.
  • Excellent written and verbal communication skills.
  • Strong PC skills and knowledge, with proficiency in the Microsoft suites
  • Ability to bring a wide range of considerations and perspectives to issues, analyzing a variety of information to make logical, well-reasoned decisions.
  • Analytical and research capability.


  • A professional designation attesting specialty in the areas of finance, accounting or risk management eg. (CPA, CFA, CBV, FRM, MBA), would be considered an asset.  
  • An understanding of multi-unit insurance underwriting requirements would be considered an asset.
  • Ability to work in both official languages (English and French).

What you will be doing

  • Preparing credit risk assessments of Multi-Unit Insurance borrowers/applicants. This activity includes the review of the borrowers'/applicants' financial statements, the calculation of financial statement ratios and the preparation of credit risk reports to management.
  • Leading in the development and refinement of the credit risk model.
  • Identifying and implementing improvements relating to the efficiency and quality of the financial analysis, the credit risk report and the credit risk review process. 
  • Providing analytical assistance in support of various ad hoc projects related to a corporate initiative or undertaking, or other related Multi-Unit Insurance policy/analysis, as may arise. 
  • Overseeing the quality control of complex financial reviews. This includes the undertaking of file reviews, identifying report weaknesses and providing relevant review inquiries.
  • Identifying ongoing training requirements and/or develop improvements to the credit risk review process. 
  • Identifying relevant accounting standard changes and their integration within the credit risk review framework, including the presentation of position papers and the development and deployment of training initiatives related to the standard changes.
  • Providing support to the Senior Manager, Financial Services in the quarterly monitoring of large borrower agreements and the development of new agreements, including the determination of covenants and minimum reporting requirements.


Does this sound like you? 
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Job Requisition ID: 4373  

Primary Location: OttawaOntario  

Other Location(s): [Not translated in selected language] 

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.
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.