Associate Director, Commercial Credit, CMHC

The core parts of your role would be to

• Review and analyze all commercial mortgage reviews and proposals (including originations, amendments and/or updates), together with supporting credit related documentation. Attention must be made to ensure that compliance with the company’s established lending guidelines, procedures and regulatory requirements (including AML/ATF requirements) are followed with recommendations submitted for approval to management. The incumbent is responsible to ensure all criteria has been satisfied on underwritten commercial mortgage reviews and outstanding documentation/conditions, if any, are being met in a timely manner. A majority of the reviews are comprised of complicated loans requiring higher levels of approval which include thinking out of the box (as there might not be established procedure addressing it), working on mitigants to safeguard the Banks’ interest and providing recommendations accordingly (35%).
• Lead their team by providing support, guidance and mentoring. The incumbent will be the first point of contact for Senior Management and will be responsible for ensuring that their team adheres to company policy and guidelines as well as regulatory requirements. The incumbent will also be the person responsible for resolving day to day department challenges, assess individual staff member training needs and ensure that they are met so that the individual is able to perform his/her job effectively (20%).
• Attend New Deal meetings where new loans are presented to the Credit team and will be required to opine on them. This will include heading up the meetings in lieu of the Director if required (20%).
• Responsible for time management of their work flow, as well as that of the department, in order to meet prescribed deadlines. The intention is to have a 24 hour turn around for a loan submitted for review (15%).
• Communicate with internal contacts (Senior Management, Underwriters, Administrators, and Commercial Funders) and external contacts (Lending Partners, Brokers and Clients) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service (10%).

Let's Talk About You!

• Have a minimum of 10 years’ mortgage experience with 5 years of management experience.
• Post-secondary education (diploma/degree), preferably in business or finance

Demonstrate leadership skills with the ability to set strong examples for subordinates

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

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

Highly developed verbal and written communication skills with the ability to communicate to Senior Management and Partners in a clear, concise and professional manner

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

Effective analytical and problem solving skills

Strong organizational and time management skills

Ability to handle multiple competing priorities

Proficient in MS Office

Job Complexities/Thinking Challenges

The position requires the incumbent to make sound underwriting decisions as efficiently as possible. The incumbent should be prepared to manage files of greater complexity at all times and shall possess strong cognitive skills, professional judgement and the ability to work independently with minimal supervision to properly assess individual transactions and rely on past experiences to assist in mitigating risk. The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made. Transactions may be presented from multiple external partners, each partner having unique complexities. As such, the incumbent must be able to draw on specific product/document knowledge to assess suitability. In addition to exercising professional judgement, strong problem solving skills with respect to AML/ATF risk and related documentation are required as the incumbent will be responsible for preparing and recommending risk mitigation actions to the Business Unit Compliance Officer and/or the Compliance Department. The incumbent will also experience the common day to day challenges that come with leading and supervising people.