Job Description

Description :

Associate Director, Construction Finance (RCFi)
Toronto, ON

CMLS Financial is looking for an experienced Real Estate Finance professional to join our growing Construction Lending group as an Associate Director. The role includes direct support for CMHC\xe2\x80\x99s Rental Construction Finance Initiative (\xe2\x80\x9cRCFi\xe2\x80\x9d). Under this mandate, CMLS provides project specific underwriting, structuring, loan recommendations, and loan advance administration for a federally funded national purpose-built multi-residential affordable housing program. Specific activities include loan structuring, obtaining investor approval, loan advance support and monitoring throughout the construction period.

About the Role:

• Actively manage and underwrite RCFi lending opportunities
• Act as the primary contact and liaison between the CMHC RCFi underwriting team and borrowers
• Continue the development and enhancement of underwriting templates and mortgage presentations for RCFi
• Prepare credit submissions for recommendation to CMLS Credit Committee, as well as documentation to meet all the conditions precedent required to fund
• Prepare on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are satisfied per the loan Commitment Letter
• Other duties including People Management, Portfolio Management, Credit reviews and providing guidance on process and procedure to prospective RCFi applicants

This role is for you if you have:

• Completed of an undergraduate degree in one of the following concentrations: business administration, accounting, finance, or real estate
• A passion for real estate and at least 5 years of experience in construction finance
• Previous experience dealing directly with borrowers and developers
• Strong interpersonal relationship building, negotiation, conflict management and presentation skills
• A proven ability to work both independently and collaboratively with a team within a fast paced, deadline driven environment
• Ability to take ownership of your work and demonstrate a high degree of accountability and commitment
• A results-driven mindset and possess strong organizational skills with a high attention to detail

Benefits and Perks
Some of the benefits we offer at CMLS are:

• Health and Wellness Spending Accounts\xe2\x80\xa2 Health, Drug, Vision, and Dental benefits
• Paid vacation, sick days, and personal days (in addition to civil and statutory holidays)
• Maternity / Parental Leave Top Up Program
• Discounted gym memberships
• Travel assistance and EAP
• Business Casual dress code
• Company social events + sport teams
• Hybrid work arrangements and telecommuting opportunities
• And more!

Who are we?
We are Canada\xe2\x80\x99s Mortgage Company. Founded in 1974, CMLS Financial is one of Canada\xe2\x80\x99s largest, independently owned mortgage services companies: Over 40 years, 10 000 customers and 20 billion in assets. CMLS services for a variety of investors including banks, insurance companies, investment managers, private lenders and commercial mortgage-backed security (CMBS) trusts. Our diverse platform and customer forward approach creates a wide range of client options and an environment for a very rewarding career.

We are proud to be awarded as an employer of choice by our staff and have been listed as one of Canada\xe2\x80\x99s best workplaces by Great Place to Work. We have a total of 8 offices from coast to coast with our head office based in Vancouver. We\xe2\x80\x99ve been around for over 4 decades and are a leader in the Canadian Mortgage industry. This is a great organization that has had tremendous growth, we\xe2\x80\x99ve grown to over 300 employees. It\xe2\x80\x99s an exciting time to be a part of this growth and see the growth happen right in front of you! It provides a positive and stable work environment and the opportunity to grow within the organization.

You will love working here
Employees tell us that they love that we strike the balance in creating an incredibly professional, yet dynamic and enjoyable corporate culture. We work in a fluid and fast-paced environment that is supportive of energetic and motivated individuals who pride themselves on being flexible and results-driven. Business is booming and that means that our employees get valuable exposure, lots of learning opportunities, and can truly have an impact on our business. We are committed to providing our people with a challenging and rewarding career because our employees are what set us apart and we know it.

You\xe2\x80\x99ll have the opportunity to take ownership of your work and be a part of a collaborative environment learning from some of the most well respected and established professionals in this industry. We have a business casual work space that is filled with friendly faces that are energetic and have a hard-working attitude. You\xe2\x80\x99d be working with a great group of bright, talented and eager individuals and a management team with an open-door policy that\xe2\x80\x99s happy to share their experience and knowledge with you.

Equal Opportunity Employer
CMLS Financial is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran\xe2\x80\x99s status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations are available on request for candidates taking part in all aspects of the selection process.

We want to hear from you!
If you are confident that you would be a strong asset to our team, submit both a cover letter and resume today! We thank all applicants for their time in applying, however we will only contact those selected for an interview. Consideration of applications will begin immediately and continue until the position is filled.

CMLS Financial