Specialist, Multi-Unit Underwriter, Housing Program

Canada Mortgage and Housing Corporation; Toronto; Hybrid; CAD 87,000 - 109,000; Full time

Benefits offered by this job

Performance bonus

Insurance

Training & mentorship

Inclusive culture

Indigenous accommodation option

Job summary

CMHC in Canada is seeking a Specialist, Multi-Unit Underwriter, Housing Program to support the construction of new rental housing projects through ACLP and other housing programs. You will apply financial analysis and underwriting expertise to assess proposals and help scale affordable housing nationwide.

This temporary, full-time hybrid role offers collaboration with clients, stakeholders and government partners, with a focus on risk management and delivering housing solutions across Canada.

Qualifications

• Bachelor’s degree in business, finance, real estate or a related field.
• Minimum five years of experience in construction financing, real estate, financial markets or credit risk analysis for multi-unit properties.
• Proven experience reviewing, evaluating, prioritizing, and approving loans and assessing financial viability.
• Strong research, problem-solving and analytical skills.
• Ability to manage sensitive files with critical thinking and judgement.
• Excellent written and verbal communication and ability to build relationships.
• Ability to work with clients, stakeholders and government partners.

Responsibilities

• Apply sound judgement based on complex financial analysis and make recommendations.
• Maintain relationships with clients to understand needs and opportunities.
• Review, underwrite, and approve loan applications under ACLP program.
• Conduct detailed financial analysis and underwriting recommendations.
• Manage risk with due diligence in reviewing and approving applications.
• Collaborate with clients, stakeholders and government partners to provide solutions.
• Prepare underwriting reports and negotiate terms aligned with CMHC policy.

Skills

Financial analysis

Underwriting

Client relationships

Communication skills

Problem solving

Critical thinking

Real estate knowledge

Risk assessment

Education

Undergraduate degree in related field

Job description

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Job Requisition ID: 12419

Position Status: Temporary Full Time

Position Type: Hybrid

Office Location: Toronto (ON); Calgary (AB); Halifax (NS); Montreal (QC); Vancouver (BC)

Travel Requirement: Limited

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

Security Requirement: Reliability Status

Salary:Our salaries generally range from $86816.59to $108520.74and are based on qualifications and experience.

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.

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:

• 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 CMHC as a Specialist, Multi-Unit Underwriter, Housing Program and play a key role in advancing housing solutions across Canada. Opportunities are available within the Apartment Construction Loan Program (ACLP) and other housing program teams. In these roles, you will use your financial and underwriting expertise along with your client relationship skills to support the construction of new rental housing projects, including large scale developments and initiatives that contribute to the development and scaling of affordable housing solutions.

This is for multiple temporary positions of a duration ranging from 18 to 24 months.

What you'll do:

• Apply sound judgement and decision‑making practices based on complex financial analysis while making recommendations.
• Maintain quality relationships with clients to understand their needs, objectives, and explore opportunities.
• Act as a direct lender under the ACLP program or under BCH’s funding initiatives: review, underwrite, prioritize and approve loan applications while assessing financial viability and adherence to the program's policies and operational procedures.
• Conduct detailed financial analysis and make recommendations for full underwriting.
• Manage risk by exercising prudence and due diligence while reviewing, underwriting, assessing and approving applications.
• Work in partnership with clients, stakeholders, and various levels of government by offering advice, support and alternative solutions.
• Prepare underwriting reports, assess findings, and negotiate terms to ensure alignment with CMHC’s operational policy and approval authority.

What you should have:

• 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 five (5) years of experience in construction financing, real estate, financial markets or credit risk analysis for Multi-Unit properties.
• Demonstrated experience reviewing, evaluating, prioritizing, and approving loans, including assessing financial viability.
• The ability to research issues, analyze problems, synthesize information and make recommendations.
• The ability to manage files and issues (sensitive in nature) using critical thinking and judgement.
• The ability to establish and maintain effective working relationships.
• Strong problem‑solving and analytical skills.
• Solid oral and written communication skills, with the ability to clearly convey decisions and address objections.

It would be great if you also had:

• Experience or knowledge in property management, real estate appraisal, property inspection, project monitoring or development, or real estate law is considered an asset.
• Successful completion of a professional association designation such as CRF, AACI, CFA, or CPM.
• Experience in building reports and/or in using statistical analysis software such as MS Excel.

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.

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!