Bilingual Senior Analyst, Multi-Unit Underwriting (November 2026 Cohort)

CMHC - SCHL • Vancouver, BC

8d • CA$73,555 - CA$91,944 • Hybrid

About The Position

CMHC is the national housing agency and a leader in multi-unit mortgage loan insurance, supporting the development of affordable, sustainable, and inclusive communities. The underwriting decisions made by this role directly influence housing policy and enable access to financing for rental housing across the country. This role is part of the Insurance and Securitization team and is responsible for analyzing mortgage insurance applications for properties with 5 to 24 units. The Bilingual Multi-Unit Underwriter I will apply analytical expertise to assess financial and property-related risks, craft tailored recommendations, and negotiate terms aligned with underwriting standards. The position is for a temporary contract of up to 18 months, with the next cohort beginning in early November 2026.

Requirements

• 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 three (3) years of experience in real estate underwriting, financing, credit risk, or financial analysis.
• Strong financial analysis skills, including the ability to interpret financial statements and borrower legal structures.
• Demonstrated analytical, problem-solving and decision-making abilities.
• Solid oral and written communication skills in both official languages (French and English), with the ability to clearly convey decisions and address objections.
• Strong interpersonal skills with the ability to build and maintain effective relationships with stakeholders.
• Highly organized and detail-oriented, with the ability to manage time effectively and perform under pressure in high-volume environments.
• Self-motivated and able to work independently with minimal supervision, demonstrating a commitment to continuous improvement and a proactive approach to learning and development.

Nice To Haves

• Experience or knowledge in property management, real estate appraisal, property inspection, or real estate law is considered a strong asset.
• A professional designation in real estate appraisal is considered an asset, particularly as a Chartered Appraiser registered with the Ordre des évaluateurs agréés du Québec (OEAQ) or as an Accredited Appraiser with the Appraisal Institute of Canada (AACI).
• The DAR designation, issued by CNAREA and supported by relevant experience in the appraisal of multi-unit residential properties (or equivalent), is also recognized as an asset.
• Other relevant professional designations, such as CFA or CPA, are also considered assets.
• Commercial underwriting is an asset.

Responsibilities

• Conduct detailed multi-residential risk assessments for mortgage insurance applications involving properties with 5 to 24 units, applying principles of commercial underwriting and complex deal structuring.
• 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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior