Job Description

Description :

Portfolio Manager, (RCFi)

Vancouver, BC; Toronto, ON

Salary Range: $90,000 - $105,000/yr

CMLS Financial is looking for an experienced Commercial Real Estate Portfolio Manager to join our growing Construction Lending group. The role provides 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; oversight of conversion of construction loans to term loans, construction advance support, annual reviews and monitoring throughout the post construction period. The position reports to the Director, Construction Finance.

About the Role:

• Proactively monitor credit risk on the RCFi portfolio after construction is complete, identify potential credit risk and recommend course of action to minimize negative impact to CMHC and CMLS
• Actively manage loan conversions from construction to term loans and related post funding account management requirements/requests
• Manage a small team that assists with portfolio management duties
• The development and enhancement of procedures, templates and credit memos for post construction matters including conversion to term and annual reviews
• Oversee, prepare and review post funding credit memos and annual reviews for projects under construction and post construction
• Coaches and acts as a subject matter expert to the Special Mandates Team with complex deals and annual reviews
• Act as the Primary Contact/ liaison between the CMHC RCFi underwriting team and the Portfolio Surveillance and Special Mandates Team on portfolio management matters
• Maintains positive relations with key corporate partners including CMHC, solicitors, borrowers and 3rd party professionals
• Assist CMHC RCFi underwriting team with loan closings
• Other projects as assigned to support growth and strategic initiatives

This role is for you if you have:

• You have completed 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 and/or commercial credit
• Previous experience dealing directly with borrowers/developers
• Possess strong interpersonal relationship building, negotiation, conflict management and presentation skills
• Proven ability to work both independently and collaboratively with a team within a fast paced, deadline driven environment
• You are solution-focused, takes initiative to work effectively within established guidelines
• You have experience reviewing legal financing documents and knowledge of applicable real estate lending regulations
• Always take ownership of your work and demonstrate a high degree of accountability and commitment
• Very results-driven and possess strong organizational skills with a high attention to detail
• Bilingual (English & French) speaking and writing skills is an asset (not a requirement)

Benefits and Perks

Some of the benefits we offer at CMLS are:

• Health and Wellness Spending Accounts
• Health, Drug, Vision, and Dental benefits
• Paid vacation, sick days, and personal days (in addition to all civil and statutory holidays)
• RRSP Matching Program
• 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?

Established in 1974, CMLS Financial is the leading provider of capital solutions for commercial property owners, developers and real estate investors. We have over 50 years of experience, 30,000 clients, $35 billion in assets under administration, and offices coast to coast. Some of Canada\'s most prominent banks, investment managers, insurance companies, and pension funds rely on CMLS Financial for a variety of critically important services. Building on our solid foundation of financial strength and experience, we continue to deliver unparalleled capital solutions for all our clients needs.

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 are able to gain valuable exposure, have lots of learning opportunities, and truly impact the 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.

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 veterans 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