Job Description

Job Requisition ID: 9293

Language Designation: Bilingual

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

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 $ 81410.14 to $ 101762.68 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 Multi-Unit Insurance Servicing team as a Bilingual Specialist. In this position, you will review and analyze recommendations from lenders concerning various situations occurring throughout the lifecycle of the loan, including replacement of covenants, changes of borrower\xe2\x80\x99s structure and projects in financial difficulty.

Responsibilities :

• Review and analyze recommendations provided from lenders concerning loans, including covenant amendments, changes to special conditions, borrower\xe2\x80\x99s structure change requests, security releases and partial sales to make sure acceptable risk is taken by CMHC.
• Complete a financial analysis of the borrower, assess market conditions, analyze the financial and operational performance of the property, and ensure that CMHC continues to appropriately mitigate risks while meeting client needs.
• Recommend solutions, in collaboration with lenders, receivers, legal counsel, property managers and other external partners and stakeholders in order to remedy loan defaults.
• Supervise and coordinate the implementation of approved workout, including but not limited to negotiating terms of the agreement, monitoring their implementation and reviewing loan advance requests.
• Respond to specific and general inquiries pertaining to projects in difficulty. Provide appropriate and timely responses to meet the needs of many different clients, including lenders and borrowers.

Minimum Qualifications :

• Undergraduate degree in business administration, commerce or any other relevant education will be considered.
• Minimum of five years of experience in one or more of the following areas: underwriting of commercial real estate, business turnarounds, recoveries, housing finance and default management or a post-graduate degree and 3 years experience will be considered.
• In-depth knowledge of risk factors related to mortgage loans for multiple-unit projects with five or more units.
• Solid knowledge of rental housing finance and mortgage markets.
• Strong knowledge of commercial real estate and contract law.
• Ability to interpret appraisals, market and financial reports for multiple-unit housing projects.
• Strong negotiation skills and the ability to influence others.
• Strong oral and written communication skills in both official languages (English and French).

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