Multi-Unit Underwriter ; Bilingual

Job Requisition

Position Status:
Permanent Full Time

Position Type:
Hybrid

Office

Location:

Ottawa (ON);
Calgary (AB);
Halifax (NS);
Montreal (QC);
Toronto (ON);
Vancouver (BC)

Travel Requirement:
Limited

Language Designation:
Bilingual

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

Security Requirement:
Reliability Status

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

Benefits

• Annual paid vacation.
• Annual individual performance incentive.
• Defined benefit pension plan.
• Comprehensive group insurance plan to support your well-being from day one.
• Support towards your personal and professional growth with training, mentorship and more.
• An inclusive workplace culture and environment.
• While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.

At CMHC, we don’t just underwrite mortgages, we help shape the future of housing in Canada. As the national housing agency and a leader in multi-unit mortgage loan insurance, we support the development of affordable, sustainable, and inclusive communities. Our underwriting decisions directly influence housing policy and enable access to financing for rental housing across the country.

Join the Insurance and Securitization team as a Multi-Unit Underwriter I, where you’ll be responsible for analyzing mortgage insurance applications for properties with 5 to 24 units. In this role, you’ll apply your analytical expertise to assess financial and property-related risks with each multi-unit mortgage loan insurance application, craft tailored recommendations and negotiate terms that align with our underwriting standards.

• Conduct detailed multi-residential risk assessments for mortgage insurance applications involving properties with 5 to 24 units, applying principles of commercial underwriting and complex deal structuring.
• Conduct in-depth analysis of program and product requirements, as well as financial, legal, property, market, borrower, and loan-level reviews.
• Assess the quality, relevance, and accuracy of third-party property appraisal reports, and provide informed recommendations accordingly.
• Apply sound judgment and decision-making practices that are factual and based on well-reasoned analysis to derive insurance risk recommendations, and mitigation options in line with CMHC's risk appetite.
• Exercise prudence and diligence to ensure compliance with all relevant internal policies and procedures applicable to the function.
• Maintain quality relationships with clients to understand their needs and objectives and explore opportunities.
• Collaborate effectively within a team to enhance service standards and improve turnaround times.
• Engage internal support functions such as legal services, policy and operations, and borrower analysis to seek clarification and concurrence in support of recommendations.

• An undergraduate degree in a relevant field related to real estate such as business administration, accounting, finance or commerce, or an equivalent combination of education and/or experience.
• A minimum of three (3) years of experience in real estate underwriting, financing, credit risk, or financial analysis. Commercial underwriting is an asset.
• Strong financial analysis skills, including the ability to interpret financial statements and borrower legal structures.
• Demonstrated analytical, problem-solving and decision-making abilities.
• Solid oral and written communication skills in both official languages (French and English), with the ability to clearly convey decisions and address objections.
• Strong…