Job Description

Job Requisition ID: 9246

Language Designation: Bilingual

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

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 $ 97692.52 to $ 122115.65 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.

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\xe2\x80\x99s 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. guides everything we do at CMHC. We\xe2\x80\x99re taking to eradicate racism and advance equity within CMHC and the housing system.

Join the Financial Solutions team in the Bilingual Manager, Multi-Unit Underwriting position. 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.

Responsibilities:

• 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 practises 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.
• Bilingualism (French and English).

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 will remain active until filled.

CMHC is an inclusive workplace where diversity of thought \xe2\x80\x93 and of people \xe2\x80\x93 are recognized, valued, and considered essential to achieving our .

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.

CMHC - SCHL