Senior Director, Investment Management; Commercial

Senior Director, Investment Management (Commercial) MCAP at a Glance

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

This position is responsible for supporting the successful growth of MCAP’s commercial insured lending programs in partnership with the VP, Investment Management and VP Origination. Based in Toronto, the incumbent will be responsible for leading, developing and mentoring a team of analysts. Their team’s key accountabilities encompass underwriting, loan approval, loan sale, issue resolution, and reporting. The incumbent will support the VP Investment Management to manage key Investor relationships;

this will include developing investment criteria and new funding programs, educating Investors on market conditions, and ongoing accountabilities include maintaining and updating credit policies and standardized underwriting templates, overseeing the credit approval process with the CMB Investors and supporting the VP Investment Management in the implementation of short and long term business as it relates to products, policies and programs.

• Pre-screen CMHC proposals determining whether they are suitable for MCAP investors.
• Prioritize transactions to be underwritten and assign to appropriate staff.
• Supervise and review completion of loan submission by staff per approved templates supported by appropriate due diligence.
• Approve variances to funding conditions/items within discretionary authority.
• Ensure team maintains Pipeline Reporting.

• Approve CMHC transactions whether through securing investor consent or via delegated approval authority or by the investor.
• Ensure that Commitment Letters have been issued in compliance with credit approval.
• Resolve deal Issues within own approval authority, or escalate to the VP Investment and/or Investor, accompanied by fully considered recommendations.
• Oversee the allocation and prioritization of loans to investors.
• Under the direction of the VP Investment, work collaboratively with CMHC to resolve file level and policy level matters.

• Subject matter expert for assigned line of business, supporting internal projects and resource for other business units.
• Promote lending programs under responsibility to production, educating team in product eligibility requirements and pricing parameters.

• Support the VP Investment Management in establishing and maintaining credit policies and procedures within the assigned line of business.
• Maintain and develop standard business templates (i.e. u/w manual, comm letter, approved professionals, financial models, etc).
• Compliance with MCAP policies (example allocation policy, delegated approval authorities) which would be managed through Investment Committee.

• Support direct reports with hiring, training/coaching to ensure they all are competent in their positions.
• Establish goals and provide guidance to encourage development of employees.
• Conduct performance reviews for direct reports and provide staff with feedback.
• Assist in the career development of direct reports.
• Impart credit, risk, policy and market knowledge to direct reports.

• Investment Committee invitee.
• Under direction of VP Investment Management, support continued growth of assigned investor relationships.
• Partner with loan administration group to ensure timely and accurate reporting provided to investors.
• Under the guidance of the VP Investment Management, support the timely introduction and implementation of new investor relationships.

• Champion the company’s Vision, Mission and Values as set out in the Strategic Plan both internally and externally within the industry.
• Recruit and develop the…