Bilingual Multi-Unit Underwriter II

Position Details

• Job Requisition
• Position Status:
  Temporary 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:
  Reliability Status
• Salary: $84,699.11 to $ (based on qualifications and experience)

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.

• 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.

At CMHC, we don’t just underwrite mortgages, we help shape the future of housing in Canada. As the national housing agency and a leader in multi‑unit mortgage loan insurance, we support the development of affordable, sustainable, and inclusive communities. Our underwriting decisions directly influence housing policy and enable access to financing for rental housing across the country.

Join the Insurance and Securitization team as a Bilingual Multi‑Unit Underwriter II, where you’ll be responsible for analyzing mortgage insurance applications for properties with over 24 units. In this role, you’ll apply your analytical expertise to assess financial and property‑related risks with each multi‑unit mortgage loan insurance application, craft tailored recommendations and negotiate terms that align with our underwriting standards.

This is a temporary position with a duration of 13 months.

• Lead the underwriting of new construction, complex or higher‑risk multi‑unit mortgage insurance applications involving properties with over 24 units, including properties with unique financial structures or market conditions, and provide strategic recommendations to senior stakeholders.
• Conduct in‑depth analysis of program and product requirements, as well as financial, legal, property, market, borrower, and loan‑level reviews.
• Assess the quality, relevance, and accuracy of third‑party property appraisal reports, and provide informed recommendations accordingly.
• Apply sound judgment and decision‑making practices that are factual and based on well‑reasoned analysis to derive insurance risk recommendations, and mitigation options in line with CMHC's risk appetite.
• Exercise prudence and diligence to ensure compliance with all relevant internal policies and procedures applicable to the function.
• Maintain quality relationships with clients to understand their needs and objectives and explore opportunities.
• Collaborate effectively within a team to enhance service standards and improve turnaround times.
• Engage internal support functions such as legal services, policy and operations, and borrower analysis to seek clarification and concurrence in support of recommendations.

• 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 progressive experience in multi‑unit underwriting, with demonstrated ability to independently assess and structure complex deals.
• Strong financial analysis skills, including the ability to interpret financial statements and borrower legal structures.
• Strong knowledge of construction financing, multi‑unit underwriting, and credit…