Sector : Client Operations
Language Designation : Bilingual
Language Skill Levels (Read / Write / Speak) : BBB, ZZZ, various language levels
Salary Range : $74852.60 to $93565.75
Position Status : Permanent Full Time
We’re not your typical government agency
Canada Mortgage and Housing Corporation (CMHC) exists for a single reason : to make housing affordable for everyone in Canada.
We’re mobilizing the expertise and energy of governments, non-profits, lenders, developers, social entrepreneurs and co-
ops to create the future of housing. At CMHC, we believe that everyone in Canada should have a place to call home.
Experience a Results-Only Work Environment™ (ROWE™)
At CMHC, we trust you to get the job done. We’ve shifted from managing people to managing work. Each employee is 100% autonomous and 100% accountable.
You can choose where you need to be and when you need to be there to meet your objectives. You’re in control of your time and are trusted to make the right decisions.
About the role
We’re constantly evolving to build an inclusive housing system through research, design, innovation and partnerships. The successful candidate performs residential property appraisals and provides professional and unbiased advice on all property types including both homeowner and multiples.
This will help us make housing affordable for everyone in Canada.
What you will need
Undergraduate degree in business administration, economics or finance.
As the reference in their field, the incumbent must be a chartered appraiser and registered with the board of the Order des évaluateurs agréés du Québec (OEAQ), or hold an Accredited Appraiser Canadian Institute (AACI) designation and be a member of the Appraisal Institute of Canada.
Minimum of five years of experience in the field of multi-unit property and seniors' residence appraisal and multi-unit property sales analysis.
Expert knowledge of appraisal theory and its practical application to valuation issues throughout the region. Ability to develop and maintain a good understanding of appraisal practices, professional association standards, industry trends, data sources and research tools and other factors that could have an impact on the work.
Advanced knowledge of internal business operations and processes : underwriting, social housing and affordable housing programs, claims processing and real estate, market housing programs, the National Housing Act and relevant regulations.
Comprehensive knowledge of finance, investment analysis, the mortgage industry and mortgage insurance industry.
Advanced computer skills in software used by CMHC to carry out its activities, including the Microsoft Office suite and Outlook.
Strong research, analytical and problem-solving skills. Good planning, prioritizing and organizational skills.
Strong oral and written communication skills, capacity for building interpersonal skills and influencing decisions.
What you will be doing
Provide expertise to the working group to promote the transfer of knowledge and expertise related to the appraisal of complex and large properties.
Actively support the achievement of departmental objectives and mandated requests both at the regional and national levels, including performing appraisal functions in other regions.
Contribute to the development and data validation of the internal STGA (cap rate) database to ensure accuracy and sound results prior to finalizing the transactions.
Review data entry and validation performed by the appraiser position.
Find and recommend innovative solutions to establish property value in areas where data may be limited (i.e., First Nations, remote locations).
Respond to numerous ad hoc requests in support of internal clients by providing input and participating on working committees for special projects and unique properties.
Provide ongoing support and assistance to the Senior Manager in execution, and achieving turnaround times and other measurements.
Ensure the delivery of products and programs within the specified timeframes.
Provide advice and consultations on all appraisal matters involving properties ranging from small single-family to large multi-
residential properties to support CMHC in the delivery of its programs or insurance products.
Review, assess and provide recommendations on the suitability and accuracy of external reports; make decisions to either accept the value established by external appraisers or set a new value.
Provide internal analyses to various partners, including Multi-Unit and Homeowner Insurance, Default Management, Real Estate and Affordable Housing, First Nation Housing.
Produce diverse expert reports including setting the market value of structures and rental rates, determining / recommending the target price for the marketing of real estate properties including large rentals, setting rental rates on social / affordable housing and on regional market conditions, validating the data used to calculate rental properties lending values or cap rates.
Conduct property-specific analyses and make recommendations concerning major real estate projects of a more complex nature (often issue-
specific) in order to guide partners along their decision-making process and risk mitigation.
Gather data and develop appraisal benchmarking including energy costs, operating expenses, rental rates, Maximum Unit Price (MUP) for properties on First Nations, and income thresholds (Housing Income Limit, Forgiveness Income Limit that are used by CMHC and provincial governments in the administration of housing programs under federal / provincial Social Housing Agreements.
Does this sound like you?
Click the apply now button and create an account (it should take about 30 seconds). We’re excited to hear from you!
Posting closing date : July 8, 2019 11 : 59 pm EST (Note, the competition may remain active until filled)
Job Requisition ID : 3669
Primary Location : Ottawa , Ontario
Other Location(s) : Toronto, Montréal, Vancouver
Security Requirement : Reliability Status
Travel Requirement : Limited
We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted.
CMHC is an employer that values diversity and encourages the learning and use of both Canada's official languages. CMHC is committed to employment equity and actively encourages application from women, Indigenous people, persons with disabilities and visible minorities
If selected for an interview or testing, please advise us if you require an accommodation.