Lending Services Lead Full-time Job

Reporting to the Director, Lending Services, the Lending Services Lead provides leadership in designing and developing financial and development risk analysis in the areas of financial modelling and analysis, development feasibility, capital sourcing, and business case and legal support for housing development and re-development projects. He/she/they provides direction in the review of mortgage documentation for Development and Asset Strategies, Building Envelope Repair projects, and Provincial Infrastructure Grant Projects. The position evaluates the feasibility and risk of housing projects and develops strategies for the mitigation of ownership, funding, security adequacy and financial risks to the Commission. The role leads the negotiations with partners, housing providers, municipalities, developers, and others to ensure projects are structured properly and are financially viable with appropriate capital structure and sourcing. He/she/they works closely with the Mortgage Administration and Development and Asset Strategies staff regarding the provision of construction lending, mortgage financing and legal administration services, and monitors any changes to the risk profile throughout the life cycle of the project and recommends strategies to reduce risk as required. The position leads and contributes to the development of risk management methodologies, processes, models, and systems to facilitate the ongoing identification, evaluation, monitoring, and mitigation of risk to the Commission. 

CANDIDATE PROFILE

The successful candidate will have the following:

EDUCATION & EXPERIENCE:

• Bachelor’s degree in Business Administration, Urban Land Economics, or other relevant discipline. 
• Extensive well-rounded experience in commercial/multi-unit CMHC insured and uninsured construction underwriting and in re-development projects.  
• Or an equivalent combination of education, training, and experience acceptable to the Employer.

KNOWLEDGE, SKILLS AND ABILITIES:

• Extensive knowledge and understanding of the structuring and financing of social housing and market rental developments involving multiple partners. 
• Extensive knowledge and understanding of risk modelling, and the ability to assess risk and develop a comprehensive risk profile for each project. 
• Ability to learn and understand departmental policies and procedures and of the Commission’s mandate and programs.
• Ability to work in a team environment and facilitate creative thinking with respect to the best use of development properties, forms of ownership, financing structures, and strategies for mitigation of risk. 
• Ability to establish a high level of rapport with DAS staff, housing development partners, and stakeholders. 
• Ability to analyze complex corporate financial statements and business operational information, quickly grasp the linkages and implications, and make quick but effective decisions.
• Ability to lead, coach, and motivate staff in a team setting.
• Excellent organizational, research, analytical, and problem-solving skills. 
• Excellent written and verbal communication skills.
• Excellent consultative, facilitation, leadership, and interpersonal skills.

BC Housing is a provincial Crown Corporation that develops, manages and administers a wide range of subsidized housing options for those most in need across the province to address critical gaps across the housing continuum ranging from emergency shelter through to rent assistance in the private market and affordable home ownership. Share in the rewards of working with an organization that offers challenging work and competitive compensation and supports the growth and development of its people.
Our mission is to provide access to safe, quality, accessible, and affordable housing options. We do this to promote strong, inclusive communities where people can thrive.
BC Housing offers competitive salaries and an excellent benefits package. But a job is more than a pay cheque. We also offer our staff the opportunity to work together to make a difference. When employees go home at the end of the day, they experience the satisfaction of knowing theyve helped provide safe, affordable housing for British Columbians. And while theyre here, employees can take advantage of many opportunities:
In-house training, and training at other institutions, for courses related to employees current positions or to prepare them for advancement within BC Housing.
Wellness programs including physical fitness, programs to help employees quit smoking, free flu shots, mental health resources, and lunch-and-learn lectures and seminars.
Recognition programs including long-term service awards, idea recognition and outstanding performance awards.
Livegreen incentives include an employee transit pass program, and other initiatives that encourage alternative, sustainable transportation (even a bike purchase program!).
An active Social Club that organizes special events like seasonal parties and arranges group discounts to other events.
Participation in community and charitable events.