City : British Columbia

Category : Other

Industry : Real estate and rental and leasing

Employer : BC Housing

MANAGER, LENDING SERVICES:

($84,795 - $99,759 Annually)

POSITION SUMMARY

Reporting to the Director Lending Services, the Manager Lending Services provides leadership in designing and developing financial and development risk analysis in the areas of financial modeling 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 Strategies, Building Envelope Repair projects and for Provincial Infrastructure Grant Projects. The position evaluates the feasibility and risk of housing projects and develops strategies for the mitigation of ownership, funding and financial risks to the Commission. The incumbent 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, Legal 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, 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 construction underwriting.
• Or an equivalent combination of education, training and experience acceptable to the Employer.

 KNOWLEDGE, SKILLS AND ABILITIES:

• Considerable knowledge and understanding of the structuring and financing of social housing and market rental developments involving multiple partners.
• Considerable knowledge and understanding of risk modelling, and the ability to assess risk and develop a comprehensive risk profile for each project.
• Working knowledge and understanding of 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 Development Services staff, and 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.