Senior Specialist, Multi-Unit Underwriter

CMHC; Ottawa; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A national housing agency in Canada is seeking a Senior Specialist, Multi-Unit Underwriter. This temporary role involves leading risk management and underwriting for complex mortgage loan insurance applications. Successful candidates will have at least seven years of multi-unit underwriting experience, strong communication skills, and a relevant degree. The position offers a performance bonus and other benefits, while supporting diverse and inclusive hiring practices.

Benefits

Accrued vacation

Annual individual performance bonus

Group insurance coverage

Professional growth support

Qualifications

• Minimum of seven years of experience in multi-unit underwriting.
• Knowledge of lending, real estate, financial markets, and credit risk analysis.

Responsibilities

• Provide expert opinion on mortgage loan insurance delivery.
• Negotiate through challenging politically sensitive issues.
• Collaborate with Financial Institutions and Client Solutions teams.

Skills

Strong knowledge of procedures, policies, and regulations of risk management

Strong knowledge of multi-unit mortgage loan insurance

Strong oral and written communication skills

Ability to take initiative

Education

Undergraduate degree in business, finance, or commerce

Job description

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a contract employee:

• Accrued vacation.
• Annual individual performance bonus.
• Group insurance coverage 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.

About the role

Join the Multi-Unit Operations team, in the Senior Specialist, Multi-Unit Underwriter position. In this role, you will focus on the day-to-day underwriting of complex multi-unit mortgage loan insurance applications. You will lead risk management analysis, decisions and recommendations for approval for the most complex scenarios related to underwriting, file-specific risk mitigation, optimizing client service and achieving corporate objectives. You will structure solutions for the most complex multi-unit applications and identify risks likely uncommon to CMHC and provide creative solutions.

This is a temporary position with a duration 13 months.

What you’ll do

• Provide expert opinion on the effective and efficient transactional delivery of multi-unit mortgage loan insurance, while adhering to the program's policies and operational procedures.
• Offer advice, support and alternative creative or innovative solutions to clients and stakeholders, including the communication of key decisions, the interpretation of policies and the response to inquiries relating to mortgage loan insurance.
• Negotiate and navigate through challenging politically sensitive issues, while adhering to all relevant policies and procedures.
• Apply sound judgment and decision-making practices that are factual and based on complex analysis to derive recommendations and solutions in line with CMHC's risk appetite.
• Base assessment on breadth of knowledge and experience rather than past transactions to provide unique risk mitigation recommendations.
• Seek out additional expertise to form unique positions to address previously not encountered financial risk scenarios.
• Collaborate with the Financial Institutions and Client Solutions teams to manage and maintain complex and sophisticated external client relationships.

What you should have

• An undergraduate degree in a related field such as business, finance, or commerce.
• A minimum of seven (7) years of experience in multi-unit underwriting.
• Strong knowledge of procedures, policies, and regulations of risk management.
• Strong knowledge of multi-unit mortgage loan insurance, lending, real estate (including non-housing related commercial), financial markets, and credit risk analysis.
• Ability to take initiative and work independently to develop and utilize a network within CMHC.
• Strong oral and written communication skills including presentation, persuasion, negotiation and influencing skills.
• A commitment to demonstrating CMHC values.

It would be great if you also had

• Successful completion of a professional association designation such as being Certified in Real Estate Finance (CRF), Certified Property Management (CPM), Chartered Financial Analyst (CFA), or Accredited Appraiser Canadian Institute (AACI).
• Bilingualism (English and French).

To note

In addition to your updated resume, please provide a cover letter (maximum one page) that includes reasons for your interest (i.e. why you are applying) and highlighting the technical and behavioural skills and experience you can bring to the team (i.e. your value proposition).

Posting closing date: Note, the competition will remain active until filled.

Our commitment to diversity, equity, and inclusion

We’re committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply. We also welcome applications from non-Canadians who are eligible to work in Canada.

CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our mission.

What happens after you apply

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process. If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don’t worry – we’re always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around!