CMLS Financial, one of Canada’s largest commercial mortgage lenders, is looking for an Analyst to join our growing Construction Finance group. The role includes direct support for CMHC’s Rental Construction Finance Initiative (“RCFi”). Under this mandate, CMLS provides project specific underwriting, structuring, loan recommendations, and loan advance administration for a federally funded national purpose-built multi-residential affordable housing program.
Reporting to the Associate Director, Construction Finance, you will be joining a hardworking and dynamic team of Analysts, Risk Managers, Funders and Account Managers. Specific activities will include: loan structuring, obtaining investor approval, loan advance support and monitoring throughout the construction period.
Obtain and evaluate construction project specific financing information (i.e. budget, anticipated cash flows, valuations, borrower credit status, capital structure, security, sales, market, cost comparables, overall risk profile, etc.) for construction loans from original underwriting through to funding;
Communicate with RCFi team members, CMLS management and CMHC to outline project strengths and weakness and respond to questions as necessary;
Create and review loan documents including mortgage presentation and commitment letters;
Communicate with clients regarding all internal and external questions;
Assist with and analyze on-going construction loan draws, cross-referencing budgets, and ensuring applicable undertakings are satisfied per the loan Commitment Letter;
Liaise and coordinate with CMLS Funders and Servicing team as well as third-party consultants including Quantity Surveyors and Solicitors to ensure loan conditions are met;
Provide regular project reporting, including anticipated funding dates, project stage of completion, and other analysis as required.
Skills and Qualifications:
You have completed an undergraduate degree in one of the following concentrations: business administration, accounting, finance, or real estate;
You have at least 1 year of previous analyst/credit/risk/underwriting experience with a financial institution or commercial lender (either full time, contract or intern/co-op experience)
You are very results-driven and possess strong organizational skills with a high attention to detail;
You take ownership of your work and demonstrate a high degree of accountability and commitment at all times;
You are able to source and interpret complex data and drive fact-based analysis;
You have a proven ability to work both independently and collaboratively with a team within a fast paced, deadline driven environment;
You have a passion for real estate and/or commercial lending. An understanding of construction development is an asset.
You are working towards a professional designation such as the CFA would also be considered an asset.
Who are we?
We are Canada’s Mortgage Company. Founded in 1974, CMLS Financial is one of Canada’s largest, independently owned mortgage services companies: Over 40 years, 10 000 customers and 20 billion in assets. CMLS services for a variety of investors including banks, insurance companies, investment managers, private lenders and commercial mortgage-backed security (CMBS) trusts. Our diverse platform and customer forward approach creates a wide range of client options and an environment for a very rewarding career.
You will love working here
We are proud to be awarded as an employer of choice by our staff and have been listed as one of Canada’s best workplaces by Great Place to Work for another year running. Employees tell us that they love that we strike the balance in creating an incredibly professional, yet dynamic and enjoyable corporate culture. We work in a fluid and fast-paced environment that is supportive of energetic and motivated individuals who pride themselves on being flexible and results-driven. Business is booming and that means that our employees get valuable exposure, lots of learning opportunities, and can truly have an impact on our business. We are committed to providing our people with a challenging and rewarding career because our employees are what set us apart and we know it.
Equal Opportunity Employer
CMLS Financial is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran’s status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations are available on request for candidates taking part in all aspects of the selection process.
We want to hear from you!
If you are confident that you would be a strong asset to our team, submit both a cover letter and resume today. Be sure to tell us why you believe yourself to be a perfect fit! We thank all applicants for their time in applying, however we will only contact those selected for an interview. Consideration of applications will begin immediately and continue until the position is filled.