Manager, CMHC Annual Review

Join a Challenger  At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.  What's kept us moving?  The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you! We can’t wait to get to know you!

The Manager, CMHC Annual Review will be a key member of the Commercial Credit team. Reporting to the Senior Manager, CMHC Portfolio Management, the incumbent will lead a team of credit professionals in the management of the CMHC Annual Reviews.

The work!

Establish and oversee procedures to ensure CMHC annual reviews are thoroughly assessed and within the bank’s risk appetite, Commercial Credit Policy and the General Investment and Lending Policy.

Reviewing and approving CMHC Annual Reviews within delegated limits and adjudicating the risk rating assessment for each file.

Provide guidance and assistance to external partners in formulating and implementing processes and procedures to gather required Annual Review documents and information.

Develop, implement, and maintain productive working relationship with external partners through prompt, professional and effective communication.

Deliver excellent in customer service by effectively managing commitments to a variety of partners, senior management, and other internal departments.

Managing the completion of all CMHC Annual Reviews on a yearly basis. This will include assignment of specific files to each staff member and follow-up on completion to ensure that all annual reviews are processed on a timely basis.

Ensure appropriate strategies are in place to deal with problem loans in order to minimize the risk of loss for the Bank.

Oversee ongoing, timely completion of reporting to support senior management and regulatory requirements.

Assisting with the recruitment and hiring of new staff

Training of new staff members on the RAISE system and the Annual Review process.

Motivate and support the professional growth of the team, including creation and execution of development plans, where appropriate.

Let's talk about you!

Minimum 7 years of experience in underwriting commercial real estate transactions including CMHC-insured multi-unit commercial mortgages

Post-secondary education (diploma/degree), preferably in business or finance

Bilingualism is an asset

Strong leadership and coaching skills with the ability to set strong examples for colleagues

Working knowledge of AML/ATF regulations and Corporate/Legal documentation (both direct and partner originated transactions) for commercial real estate in multiple jurisdictions across Canada

Sound technical knowledge of commercial lending, financial statement analysis and factors affecting the Canadian commercial lending environment.

Detail-oriented individual who possesses a high level of integrity

Demonstrated service excellence with their field.

Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment

Proven ability to inspire a team to work toward a set of goals and objectives

Sound technical knowledge of commercial real estate underwriting, financial statement analysis and factors affecting the commercial mortgage market

Effective analytical and problem-solving skills

Strong organizational and time management skills

Ability to handle multiple competing priorities and make decisions under pressure

Proficient in MS Office

Job Complexities / Thinking Challenges
The position requires the incumbent to be a self-starter with the ability to prioritize workflow and allocate resources effectively. In addition, the incumbent will need to effectively analyze and make decisions on sometimes complex deal structure issues with incomplete information. The incumbent shall possess strong cognitive skills and professional judgement to property assess risk and rely on past experiences to assist in mitigating same.

The individual should also have the ability to coach/motivate employees to consistently develop and achieve aggressive departmental targets.

The incumbent is required to follow corporate policies, procedures, and regulatory requirements in order to properly review files and…