Senior Director, Investment Management

Senior Director, Investment Management (Commercial)

MCAP at a Glance

Joining
MCAP means you will be a part of our diverse workforce of highly talented
individuals who are recognized for their expertise and success At MCAP, your
professional expertise, commitment to teamwork and passion for service
excellence are recognized and rewarded with competitive total rewards offering,
a career with continuous learning and development (formal & informal
training), and exciting opportunities in a dynamic, entrepreneurial
environment.

The Role

This position is responsible for supporting the successful  growth of MCAP's commercial insured lending programs in partnership with the VP, Investment Management and VP Origination and the VP Origination.  Based in Toronto, the incumbent will be responsible for leading, developing and mentoring a team of analysts. Their team's key accountabilities encompass underwriting, loan approval, loan sale, issue resolution, and reporting.  The incumbent will support the VP Investment Management to manage key Investor relationships; this will include developing investment criteria and new funding programs, educating Investors on market conditions,

Ongoing accountabilities include maintaining and updating credit policies and standardized underwriting templates, overseeing the credit approval process with the CMB Investors and supporting the VP Investment Management in the implementation of short and long term business as it relates to products, policies and programs .

Loan Underwriting

• Pre-screen CMHC proposals determining whether they are suitable for MCAP investors.
• Prioritize transactions to be underwritten and assign to appropriate staff.
• Supervise and review completion of loan submission by staff per approved templates supported by appropriate due diligence.
• Approve variances to funding conditions/items within discretionary authority.
• Ensure team maintains Pipeline Reporting.

Loan Approval and Sale

• Approve CMHC transactions whether through securing investor consent or via delegated  approval authority or by the investor.
• Ensure that Commitment Letters have been issued in compliance with credit approval.
• Resolve deal Issues within own approval authority, or escalate to the VP Investment and/or Investor, accompanied by fully considered recommendations. 
• Oversee the allocation and prioritization of loans to investors.
• Under the direction of the VP Investment, work collaboratively with CMHC to resolve file level and policy level matters.

Planning and Product Promotion

• Subject matter expert for assigned line of business, supporting internal projects and resource for other business units.
• Promote lending programs under responsibility to production, educating team in product eligibility requirements and pricing parameters.

Compliance and Risk Management

• Support the VP Investment Management in establishing and maintaining credit policies and procedures within the assigned line of business.
• Maintain and develop standard business templates (i.e. u/w manual, comm letter, approved professionals, financial models, etc).
• Compliance with MCAP policies (example allocation policy, delegated approval authorities) which would be managed through Investment Committee.

Co-Lead the Investment Management Team

• Support direct reports with hiring, training/coaching to ensure they all are competent in their positions.
• Establish goals and provide guidance to encourage development of employees.
• Conduct performance reviews for direct reports and provide staff with feedback.
• Assist in the career development of direct reports.
• Impart credit, risk, policy and market knowledge to direct reports.

Investor Management

• Investment Committee invitee
• Under direction of VP Investment Management, support continued growth of assigned investor relationships.   
• Partner with loan administration group to ensure timely and accurate reporting provided to investors.
• Under the guidance of the VP Investment Management, support the timely introduction and implementation of new investor relationships.

Lead and Manage Staff

• Champion the company's Vision, Mission and Values as set out in the Strategic Plan both internally and externally within the industry.
• Recruit and develop the right people that believe in and reflect in their behavior MCAP's Values and culture.
• Establish, monitor and communicate performance standards to direct reports reinforcing individual results, work quality, continuous improvement, teamwork and achievement of MCAP's objectives.
• Educate, coach and counsel staff to ensure they are empowered to effectively handle their roles in a confident and professional manner.
• Establish and maintain an effective system of communication throughout the business unit.
• Ensure a continuous improvement culture is established and encouraged.

What You Bring To The Team 

• 10 years commercial lending experience
• Previous leadership experience, hiring , coaching , building high performing teams
• Experience with capital markets and structured finance
• Strong background in CMHC Multi-family underwriting
• Knowledge of conventional, commercial loan underwriting for office, retail, industrial, and other forms of commercial real estate
• Knowledge and understanding of CMHC policies and procedures related to both term and construction of multi-residential property finance an asset
• Expertise in credit adjudication
• Recruiting and staff development experience.
• Strong Marketing and negotiating skills
• Problem solving and conflict resolution skills
• Articulate logical arguments
• Ability to work independently and within a team environment
• Excellent oral and written communication skills
• Detail-Oriented
• Exceptional analytical and problem-solving skills
• Proficient with MS Word, MS Excel, MS PowerPoint,
• Ability to demonstrate initiative/confidence and is decisive.
• Excellent relationship management skills
• Excellent presentation skills
• Ability to coach, mentor, and motivate employees
• Preferably a bachelor degree in business/commerce

If this sounds like you and you are looking to be a part of one of Canada's largest independent mortgage finance companies, then we want to hear from you

Be A Part Of Something Great

MCAP
is Canada's largest independent Mortgage
Finance company with
over $150 billion in assets under management providing mortgage solutions for
residential and commercial properties. For over 35 years,
MCAP originates, trades, securitizes and services mortgages in offices across
Canada. MCAP originates residential mortgages exclusively through the mortgage
broker channel as we believe that a professional mortgage broker is a
consumer's best option and MCAP actively promotes the services of mortgage
brokers across the country. MCAP is also a leader in the Canadian residential
construction lending market with over 25 years in the business. Our teams of
dedicated professionals serve a variety of developer, construction and lender
clients across Canada.

Position #: req2117

Employment Status: Permanent Full Time

Location: Toronto; Ontario

Number Of Openings: 1

Department: Commercial Mortgage

Internal Job Title: Sr. Director, Investment Management 

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position.  It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.