Specialist, Multi-Unit Underwriter (September 2026 cohort)
About The Position
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 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. Join CMHC’s next multi-unit underwriter cohort beginning early September 2026. These contracts are offered on a temporary basis for a duration of 18 - 24 months.
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 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 risk analysis, paired with demonstrated analytical, problem-solving, and decision-making abilities.
- Solid oral and written communication skills with the ability to clearly convey decisions and address objections.
- Proven leadership with the ability to contribute to the development of underwriting best practices, combined with strong interpersonal skills 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.
- Bilingualism is considered an asset.
Nice To Haves
- Experience or knowledge in property management, real estate appraisal, property inspection, or real estate law is considered an asset.
- Successful completion of a professional association designation such as Certified in Real Estate Finance (CRF), Accredited Appraiser Canadian Institute (AACI), Chartered Accountant (CA), Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), or Certified Property Manager (CPM).
- Experience in building reports and/or in using statistical analysis software such as MS Excel.
Responsibilities
- 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.
Benefits
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
