Title:  Associate, CMHC, Commercial Mortgage Group- Toronto, ON

Requisition ID: 255121 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Contributes to the overall success of the commercial bank’s CMHC program in Canada. Reporting to the Associate Director, ‘CMHC’ (Canada Mortgage & Housing Corporation), provide support and execution advice to bankers and clients and support the end-to-end process of CMHC-insured commercial mortgage solutions. You will support commercial bankers with commercial CMHC lending programs and provide guidance to the end-to-end execution of eligible transactions, including structuring, underwriting support, approvals, funding, reporting, audit compliance, and mortgage securitization.

Accountabilities

Support to Commercial Bankers and Clients:

• Support the Associate Director, CMHC, and Bankers whose clients are exploring CMHC products and programs.
• Develop tools to support the Bank’s optimum path for solutions and service for CMHC related business, such as MLI Select, multi-unit standard rental, or ACLP construction financing.
• Translate policy into clear, actionable structures.
• Provide scenario-based guidance on eligibility, leverage, amortization, affordability and accessibility requirements, and program trade-offs.
• Be accountable to timing considerations, such as program cycles and underwriting queues.

Deal Structuring and Execution:

• Support execution of CMHC-insured transactions from intake to funding.
• Provide expertise to the Bankers program fit, structure terms (LTV, DCR, amortization), assemble underwriting materials, coordinate with CMHC and counsel, and drive to certificate of insurance and close.
• Leverage experience in strong portfolio management to ensure timely customer reviews and attestations.
• Preparing credit presentations that are concisely written and structured in accordance with Bank standards.

Stakeholder and Issue Resolution:

• Be one of the key points of contact with CMHC program and securitization teams to resolve issues.
• Coordinate with legal, appraisal, environmental, quantity surveyors, and other third parties to ensure documentation supports both insurance and securitization standards.

Reporting and Insights:

• Support the presentation of utilization insights with banking teams and leadership.
• Support CMHC and other regulatory reporting requirements.
• Proactive policy and procedure setting to successfully meet CMHC audit requirements.

 Reports to: 

• Associate Director, CMHC

  Dimensions

• National coverage supporting the commercial CMHC program.
• Able to contribute to the Bank’s internal and external regulatory obligations with CMHC, Municipal/Provincial/Federal Government.

Education / Experience / Other Information (include only those that are specific to the role)

• Two to four years in commercial mortgage lending, underwriting, corporate/commercial banking or advisory; with direct CMHC program expertise and experience.
• Working knowledge across all CMHC multi-unit programs; Understands issuance and guarantee limits governance.
• Strong communication skills across all platforms and experience with executive ready story telling.
• Degree in Finance, Commerce, or related field. Graduate level education, AACI, CRF, CFA or similar designations are assets.

Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence. Limited travel domestically.

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.