.. video explaining why you would be a good fit. (3 mins max). Upload It to the cloud or Youtube and send the link with your resume to **@ .. to none and you are able to craft engaging, elegant content – whether It’s a single sentence or an entire page. This part of the role crosses .. read more
Working closely with Development and Asset Strategies staff, designs and develops an underwriting risk management framework and process for assessing the risks of housing development and re-development projects, whether the company acts as a funding/delivery agency and lender (social housing projects) or as project manager and lender for other agencies of government (group homes and special facilities); advises Development Strategies staff, various housing providers and “for profit” developers on financial and development risk of proposed developments; and provides Asset Strategies staff with project risk analysis and reviews mortgage documentation for Building Envelope Repairs and Provincial Infrastructure Grants Proposals. Evaluates projects to determine their qualification for the provision of construction lending, mortgage financing and CMHC insurance. Refers highly complex and politically sensitive projects to the Director, Lending Services. Develops risk profiles of each project and provide risk evaluation reports as projects proceed; re-assesses risks and mitigation strategies as issues arise that have potential impact on project goals, schedules, and budgets. Evaluates various aspects of housing development projects in the conceptual stage, conduct a preliminary assessment of the risks, and provide senior-level advice and consultation to the Development Team in the planning and structuring of projects. Conducts more thorough reviews and assessments of projects throughout the planning stage, identifies issues that could provide risk to the Commission and its partners, and develops and recommends strategies and options for mitigating risks of ownership, funding, and financial sustainability over the long term Consults with the Director, Lending Services and provides construction lending, mortgage financing and legal administration services associated with social housing projects. Facilitates the financial modelling/analysis of a development, including preparation of cost and revenue estimates by internal staff and project sponsors; analyzes financial implications and develops appropriate financial, funding and ownership models to ensure viability. Recommends due diligence requirements to align projects with program goals, guidelines and administrative requirements, and with local municipal development requirements with respect to rezoning and permitting. Participates at the table in discussions and negotiations with partners, housing providers, municipalities, developers and others to ensure projects are structured properly and are financially viable with appropriate capital structure/sourcing. Liaises with various stakeholders including societies, municipalities, CMHC, takeout lenders, health authorities, developers, contractors, neighbourhood groups, architects, lawyers, etc. with respect to the planning, design and structuring of projects and assessment of risk. Maintains an up-to-date knowledge of mortgage markets, CMHC Handbook and cultivates information networks with builders, real estate agents, market analysts, appraisers, municipal officials and mortgage lenders. Contributes to the development of risk management methodologies, processes, models, and systems to facilitate the ongoing identification, evaluation and monitoring of risk and appropriate selection of risk responses. Performs independent random cross-check on the completed monthly Construction Draw Compliance report and the Standby Letter of Credit Tracker. Supervises the work of staff in accomplishing the business activities of the program area. Creates an environment that allows for a supportive and progressive attitude among staff and promotes improved performance through counselling and coaching and by ensuring that staff are provided with information and training necessary for the conduct of their assigned duties. Completes performance evaluations, determines performance issues, and takes disciplinary action, which may include suspension and the recommendation for termination. Has significant input into hiring, promotion and demotion decisions, recommends changes in compensation of staff and authorizes overtime. Resolves grievances up to the second stage of the grievance process. Identifies to senior management appropriate collective agreement wording to serve the employer’s interests in achieving operational goals and objectives and may participate on the negotiating committee as a management representative. Determines resources required to fulfill operational requirements, develops staffing plan, and recommends staffing levels to accomplish objectives, including revisions to staffing levels as necessary as operational requirements change. Direct reports: This role will not have any direct reports to start with the opportunity to take on more responsibility as role progresses. What you must have: Bachelor’s degree in Business Administration, Urban Land Economics or other relevant discipline. Considerable experience in commercial/multi-unit underwriting is mandatory (7+ years). Residential real estate experience will not be considered. Salary/Rate Range: $70.00 -$85.00 / hour