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Senior Specialist, Financing Operations (Position can be located anywhere in Canada)

Sector: Client Operations 

Language Designation: Bilingual 

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

Salary Range: $89823.44 to $112279.30

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.

This position reports to the Financing Operations team in our Client Operations Sector


About the role
We’re constantly evolving to build an inclusive housing system through research, design, innovation and partnerships. You will provide expert technical guidance in the delivery of Funding and Advancing activities under the National Housing Strategy (NHS) and existing Affordable Housing programs. As a lead subject matter expert in construction financing, you will help to ensure that housing projects are successfully completed and that funding during construction is provided within CMHC’s risk appetite. You will ensure the Financing Operations teams are aligned with other CMHC operations, including Multi-Unit Underwriting, Legal, Treasury, Loan Administration and Agreements Management. You will also help to make delivering housing affordability solutions easy, by recommending innovative solutions, remaining focused on the client experience and managing risks to CMHC appropriately. This will help us make housing affordable for everyone in Canada. 

What you will need 

  • Undergraduate degree in accounting, finance, business administration, legal or commerce or in a related field.
  • Minimum of seven (7) years of relevant experience in construction financing.
  • Expert knowledge of construction financing and the funding of the construction or renovation of multi-unit housing projects.
  • Expert knowledge of underwriting theories, principles, and processes.
  • Sound knowledge of Assisted Housing programs.
  • Expert knowledge and understanding of mortgage loan insurance, real estate, financial markets, and credit risk analysis.
  • Understanding of the implications of public policy and political environment on federal/provincial housing programs.
  • Good organizational skills, including project management and the ability to undertake and complete multiple concurrent tasks.
  • Superior analytical and problem-solving skills.
  • Ability to persuade, influence and/or negotiate with others to gain acceptance of proposals or plans.


Additional Assets 

  • Real Estate Law, Certified in Real Estate Finance or Chartered Financial Analyst designations would be considered an asset.


What you will be doing
Advice and Guidance

  • Provides input and technical expertise to funding activity in the development of policy enhancements for Affordable Housing and NHS programs.
  • Provides risk assessments and guidance on policy exceptions with regards to cash flow management and project construction monitoring and provides recommendations for action.
  • Identifies sources of risk with respect to lending and proposes mitigations to eliminate or reduce the impact on the Corporation.
  • Manages issues of a politically sensitive nature using critical thinking, judgment, and experience to find a solution.
  • Supports the management of loan and guarantee risk in the review and decision making of affordable housing loans, subsidies and contributions, balancing the needs of the client against the risk to the Corporation in the creation of funding and lending strategies in consultation with Treasury and Legal.

Operational Delivery

  • Identifies and manages risk by ensuring due diligence, while reviewing and approving complex contribution and loan agreements and security conditions, advancing schedules and monitoring the quality of results.
  • Reviews and analyzes complex funding commitments and provides recommendations for legal contracts, funding strategies and advancing.
  • Supports the delivery of financial solutions related to Affordable Housing programs and works collaboratively with peers from other departments to achieve business objectives.
  • Ensures that controls are effectively designed to identify and mitigate key risks in advancing and cash management operations, provides evidence that they are operating effectively and develops and recommends action plans to address and remediate identified control deficiencies and/or to correct deviations from policies, guidelines, and procedures.


Client Management Operations

  • Establishes and maintains meaningful relationships with clients and funding partners, in addition to other relevant stakeholders, to gain a thorough understanding of the operations and environment, and facilitate reviews and analysis of documents.
  • Contributes to a seamless end to end client experience by applying a one CMHC approach.


People Leadership (Human Relations Skills)

  • Coaches peers and is a key contributor to the overall development of Real Estate Financing capacity across the department


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: Note, the competition may remain active until filled.


Job Requisition ID: 4515  

Primary Location: OttawaOntario  

Other Location(s): Any other location 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.
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.