Job Requisition ID: 12004  

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:  Secret 

Salary: Our salaries generally range from $ 129175.28 to $ 161469.09 and 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 permanent employee:

• 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. 

About the role

Join the Apartment Construction Loan Program team, in the Bilingual Principal Advisor, Construction Financing & Underwriting (ACLP) position. In this role, you will help advance new housing development across Canada by providing leadership to the overall delivery of the Apartment Construction Loan Program. Bring your expertise in multi-unit construction financing, credit underwriting, and client service to the table as we structure financing for some of the country’s largest and most complex residential real estate transactions and ensure the effective delivery of one of Canada’s largest federal housing programs.  

What you’ll do: 

• Provide leadership in the assessment and decision making of program applications and ensure the efficient and effective delivery of the program.
• Bring a client focused mindset to the table when working with Canada’s largest developers and housing providers to structure, underwrite, and approve financing for large scale rental housing projects.
• Manage issues of a politically sensitive nature, taking into consideration the competing interests of stakeholders while finding a solution that is in line with the best interest of clients, CMHC, and Canadians.
• Provide advice to the Director on the strategic direction of the program and implement solutions that help ensure the program meets its overall objectives.
• Provide thought leadership and expertise on industry best practices and emerging trends in construction financing, guiding the team in adopting innovative strategies and approaches to enhance program effectiveness and sustainability.
• Provide expert functional advice, mentorship and guidance to the regional network of client-facing teams, as well as ACLP underwriters across the country.
• Negotiate directly with housing providers on complex applications.
• Oversee the identification and management of risk by ensuring due diligence, while reviewing complex applications and advising on deal structure, legal and financial elements, as well as monitoring compliance to product design, policies and the quality of results by reviewing key performance indicators.

What you should have: 

• An undergraduate degree in accounting, finance, business administration or commerce or a related field.
• A minimum of ten years of experience related to underwriting theories, principles and processes, as well as credit risk analysis, real estate financing, loan adjudication, mortgage loan insurance and financial markets.
• Sound analytical skills with demonstrated ability to capture and synthesize information to develop strategic business plans.
• The ability to make a persuasive, clear presentation of ideas that will convince others and gain acceptance of proposals or plans.
• The ability to use critical thinking, judgment and experience to find a solution when managing issues of a politically sensitive nature. 
• The ability to act promptly to resolve conflict. Ability to think forward to detect potential problems and forthcoming challenges.
• Bilingualism (French and English).

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.

Learn more about our commitment to diversity and inclusion [https://assets.cmhc-schl.gc.ca/sites/cmhc/working-at-cmhc/pdf/diversity-inclusion-framework-en.pdf] 

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 [https://www.cmhc-schl.gc.ca/working-at-cmhc].  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!