Bilingual Senior Specialist, Financing Operations (Anywhere in Canada)
Job Requisition ID: 8924
Language Designation: Bilingual
Language Skill Levels (Read/Write/Speak): CBC
Position Status: Permanent Full Time
Travel Requirement: Travel not required
Office Location: Ottawa (ON); Calgary (AB); Halifax (NS); Montreal (QC); Toronto (ON); Vancouver (BC)
Salary: Our salaries generally range from $ 94388.91 to $ 117986.14 and are based on qualifications and experience.
At CMHC, we trust you to get the job done. We empower our employees to be fully autonomous and accountable in achieving their results. Employees focus on how they achieve results rather than when and where they choose to work.
Here are some of the reasons why we were chosen as one of Canada’s top employers:
Enjoy 5 weeks of vacation;
An annual individual performance bonus;
Defined benefit pension plan;
Comprehensive group insurance to support your well-being from day one;
Access to a catalogue of courses for individual learning;
An inclusive workplace culture and environment with multiple Employee Resource Groups and much more!
Help make a difference for Canadians. CMHC’s aspiration is that by 2030, everyone in Canada has a home that they can afford and that meets their needs. All of our programs and activities support this singular goal.
Be part of an inclusive workplace. Diversity and Inclusion guides everything we do at CMHC. We’re taking concrete actions to eradicate racism and advance equity within CMHC and the housing system.
Join the Client Operations Team, where we make delivering housing affordability solutions easy. You will provide expert technical guidance in the delivery of Funding and Advancing activities under the National Housing Strategy (NHS) and existing Affordable Housing programs. As a lead subject matter expert in construction financing, you will help to ensure that housing projects are successfully completed and that funding during construction is provided within CMHC’s risk appetite. You will ensure the Financing Operations teams are aligned with other CMHC operations, including Multi-Unit Underwriting, Legal, Treasury, Loan Administration and Agreements Management. You will also help make delivering housing affordability solutions easy, by recommending innovative solutions, remaining focused on the client experience and managing risks to CMHC appropriately.
Number of openings: 2 permanent full-time positions.
Provides input and technical expertise to lending operations in the development of policy enhancements for Affordable Housing, NHS programs and legacy programs.
Provides risk assessments and guidance on policy exceptions with regards to loan management and project construction monitoring and provides recommendations for action, taking into account precedents the solution can set for future programs.
Identifies sources of risk, gaps and deficiencies in controls with respect to lending and proposes mitigations to eliminate or reduce the impact to the Corporation and develops and recommends action plans to address and remediate identified control deficiencies and/or to correct deviations from policies, guidelines and procedures.
Manages issues of a politically sensitive nature using critical thinking, judgment and experience to find a solution.
Identifies and manages risk by ensuring due diligence, while reviewing and approving complex loan agreements, funding commitments and security conditions, and monitoring the quality of results.
Reviews and analyzes complex funding commitments and provides recommendations for legal contracts, funding strategies and advancing.
Supports the delivery of financial solutions related to Affordable Housing programs and works collaboratively with peers from other departments to achieve business objectives.
Ensures that controls are effectively designed to identify and mitigate key risks in advancing and cash management operations, provides evidence that they are operating effectively and develops and recommends action plans to address and remediate identified control deficiencies and/or to correct deviations from policies, guidelines, and procedures.
Undergraduate degree in accounting, finance, business administration, legal or commerce or in a related field.
Minimum of seven (7) years of relevant experience.
Expert knowledge in contracts, lending functions and funding processes.
Expert knowledge of NHS, legacy and Assisted Housing programs.
Understanding of mortgage loan insurance, real estate, financial markets and credit risk analysis.
Understanding of the implications of public policy and political environment on federal/provincial housing programs.
Good organizational skills, including project management and the ability to undertake and complete multiple concurrent tasks.
Knowledge of construction financing, contract management and the funding of the construction or renovation multi-unit housing projects.
Superior analytical and problem-solving skills.
Ability to persuade, influence and/or negotiate with others to gain acceptance of proposals or plans.
Real Estate Law, Certified in Real Estate Finance or Chartered Financial Analyst designations would be considered an asset.
Posting closing date: Note, the competition will remain active until filled.
IMPORTANT NOTICE – COVID-19 MEASURES
On June 14, 2022, the Government of Canada announced that as of June 20, 2022, it will suspend vaccination requirements for federal government employees. This decision followed a review of the current public health situation, including the evolution of the virus and vaccination rates in Canada. As a result, and consistent with the Government of Canada decision, CMHC has suspended its Vaccination Policy, effective June 20, 2022.
As a result, at this time, CMHC does not require employees to be fully vaccinated as a condition of employment. CMHC will continue to monitor the public health situation and may at any time make adjustments and adopt or reintroduce measures, including mandatory vaccination, attestation and verification requirements. Any such vaccination measures, as updated from time to time, shall form a term and condition of your employment at CMHC.
CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our aspiration.
We are committed to employment equity and actively encourage applications from women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions. We also welcome applications from non-Canadians who are eligible to work in Canada.
We sincerely thank all candidates for their interest, however, please note that only applicants selected for further consideration will be contacted. If selected for an interview or testing, please advise us if you require an accommodation.