Portfolio Management Analyst
Vancouver, BC
Salary Range: $55,000 - $65,000
CMLS Financial, one of Canada’s largest commercial mortgage lenders, is looking for an Analyst to join our Construction Finance group. The role includes direct support for CMHC’s Apartment Construction Loan Program (“ACLP”). 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. Specific activities include assisting with conversion of construction loans to term loans, annual loan reviews, and portfolio monitoring support throughout the post-construction period. Reporting to the Senior Portfolio Manager, Construction Finance, you will be working with the Portfolio Management team on the post-funding requirements of commercial construction loans. You will be joining a hardworking and dynamic team of Analysts, Account Managers, and Funders across Canada.
Key Responsibilities:
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Conduct annual loan reviews, incorporating affordability testing, DSCR and LTV assessment, operating statement stabilization, and trend analysis to evaluate credit performance and compliance
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Assist with loan conversions from construction to term and related post-funding account management requirements/requests
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Assist with the completion of formal memos for post-final-advance credit events, including assumptions, re-orgs, unit count changes, etc.
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Obtain and track post-construction specific financing information (i.e.: permits, professional certificates, insurance, rent rolls, leases, financial statements, etc.)
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Assist with the collection and tracking of financial and property information required to complete loan reviews and other portfolio management projects
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Contact borrower clients to obtain additional information and/or explanations on provided financial information
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Act as a contact/liaison between the CMHC ACLP team and the Portfolio Surveillance and Special Mandates Team on account management matters
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Assist with other projects as assigned to support growth and strategic initiatives
This role is for you if:
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You have strong communication skills and can effectively communicate with outside stakeholders
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You are an intermediate to advanced level user of Microsoft Office
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You have completed a college or university undergraduate degree in one of the following concentrations: business administration, accounting, finance, real estate, or economics
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You are looking for career growth within a well-established commercial mortgage lender
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You possess strong organizational skills with a high attention to detail
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You take ownership of your work and always demonstrate a high degree of accountability and commitment
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You have a proven ability to work both independently and collaboratively with a team within a fast paced, deadline driven environment
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You have a passion for real estate and/or commercial lending. An understanding of construction development or multi-unit residential properties is also considered an asset
Who are we?
Established in 1974, CMLS Financial is the leading provider of capital solutions for commercial property owners, developers and real estate investors. We have over 50 years of experience, 30,000 clients, $45 billion in assets under administration, and offices coast to coast. Some of Canada's most prominent banks, investment managers, insurance companies, and pension funds rely on CMLS Financial for a variety of critically important services. Building on our solid foundation of financial strength and experience, we continue to deliver unparalleled capital solutions for all our clients’ needs.
You will love working here
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 result-driven. Business is booming and that means that our employees are able to gain valuable exposure, have lots of learning opportunities, and truly impact the 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.
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! 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.
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