Bilingual Specialist, Multi-unit Mortgage Loan Insurance and Default Management

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. We have flexibility, in how, when, and where we work, within the boundaries of the business needs and the nature of your role. 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 Default and Management and Claims team, where we deliver mortgage loan insurance and securitization solutions on a commercial basis to approved lenders and issuers to contribute to the well-functioning and stability of the housing finance system through all economic cycles, making housing affordability solutions easy. Use your skills and passion evaluating options to support multi-unit clients along viable paths from distress to a return to good performance. Find the best solution, within CMHC's risk appetite, for projects experiencing financial difficulty to maintain their affordability.

What you'll do:

• Recommend solutions, in collaboration with receivers, legal counsel, property managers and other external partners and stakeholders, to assist insured multi-unit housing projects that are in financial difficulty. Communicate and negotiate to explore possible options and ultimately reach a solution, which may be a refinancing, a workout or disposal according to the various legal actions with regards to mortgage financing.
• Work continually with for-profit and not-for-profit groups to ensure the smooth implementation of workouts.
• Perform in-depth analysis of projects that are undergoing financial difficulties and seek approval of an appropriate solution that will meet client needs and mitigate risks for the Corporation.
• Negotiate plans using knowledge of practices and policies pertaining to conventional, affordable, and social housing, including but not limited to default management, finance, law, and property management.
• Work closely with various internal and external professionals, partners, and stakeholders to validate and verify the financial, legal and risk implications of recommended decisions.
• Consider political and social concerns as related to social housing to find suitable solutions for projects in difficulty.
• Take non-financial information into account to come up with options and objectives specific to the project with the goal of aligning the interests of the housing providers, loan providing entities and CMHC.
• Leverage financial and policy authorities to recommend exceptions where applicable while designing new solutions.

What you should have:

• An undergraduate degree in a related field such as business administration or commerce, with a concentration in finance or property management.
• A minimum of five (5) years of experience in one or more of the following areas: property recoveries, underwriting of multi-unit real estate, housing finance, or default management. An equivalent combination of experience and/or education may be considered.
• In-depth knowledge of risk factors related to mortgage loans for projects with five or more units (multi-unit).
• Strong knowledge of multi-unit real estate finance and contract law.
• Ability to interpret appraisals, market, and financial reports for multi-unit housing projects.
• Strong negotiation skills and the ability to influence others.
• Bilingualism (English and French).

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

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!