Job Posting 78113

Officer, Financial Solutions
Federation of Canadian Municipalities
Ottawa area
closes in 8 days (Mon, 6 Dec)
full time - term / contract  •  Salary Band: $62,650 - $80,150

The Federation of Canadian Municipalities (FCM) is the national voice of municipal governments, representing the interests of cities and communities with the federal government.

 

Position:                     Officer, Financial Solutions (Two Posts)

Department:              FCM Programs

Languages:                Bilingualism (English and French) is an asset

Duration:                    1-Permanent

1-Contract (18-month)

 

 

Background:

The cornerstone of the FCM Programs department is the Green Municipal Fund™ (GMF), a $1 billion permanent endowment from the Government of Canada. As a leading catalyst for innovation at the local level, GMF offers funding (loans and grants) and knowledge to local governments and their partners for sustainable municipal initiatives designed to support communities to improve air, water, soil quality and to protect the climate. Through GMF, municipalities have built better transportation assets; constructed efficient and resilient buildings; diverted waste from landfill; made previously unusable land available for development; and improved soil and water quality.

GMF also strengthens the capacity of Canadian municipalities to plan and invest in innovative, sustainable infrastructure, thereby saving millions of dollars for taxpayers and creating jobs, contributing to local economies. GMF shares the lessons and expertise gained from funded initiatives through skills-enhancement, training and knowledge-sharing activities including case studies, manuals and reports, webinars, the FCM Sustainable Communities Awards and the FCM Sustainable Communities Conference. These activities help other communities replicate the successes of GMF-funded projects, multiplying the benefits of those projects across the country.

 

Major Purpose:

The Sustainable Affordable Housing (SAH) Financial Solutions Officer provides financial analysis and guidance to housing provider applicants in the GMF lending process, while providing superior client service in all phases of the funding lifecycle. The Financial Solutions Officer is responsible for reviewing applications for quality, completeness and adherence to application criteria and a specified supporting document checklist, summarizing peer review and financial assessments and recommending files and amount of advance funding for approval. The Financial Solutions Officer is also responsible for guiding borrowers through the contract negotiation, execution and fund disbursement processes.

 

Key Responsibilities:

  • Acts as the primary client contact on a portfolio of applications and funding agreements through the project cycle
  • Responsible for internal and external communications, document review, keeping accurate and up to date financial records of the project and borrower, and ensuring timely processing to facilitate the underwriting and environmental review process
  • Conducts an initial review of capital project and pilot applications, accounting for the housing provider’s request, and adherence to eligibility criteria and financial documentation requirements
  • Provides assistance and guidance to applicants with a view to clarifying the financial viability of the loan and contribution request, and providing information of importance to finalizing funding agreements and contracts
  • Liaising with internal expertise on environmental viability of projects, which includes sharing relevant knowledge products and capacity building resources
  • Facilitates and supports the Peer Review process, including reviewing scores and comments, conducting additional research or consulting with applicants and FCM staff to clarify and/or elaborate content information
  • Writes and reviews application summaries and prepares recommendations for funding and is prepared to answer questions. This may involve reviewing translated presentation documents as required
  • Prepares and defends recommendations following approval, which may include contract amendments, scope changes and closure memos
  • Assists with the overall preparation and administration of term sheets and funding agreements within the assigned portfolio, which includes consulting with clients on contract terms, negotiating where required, reviewing, and finalizing agreements and obtaining applicable signatures
  • Reviews contracts for adherence against mandatory requirements, ensures that it reflects the pre-approved terms and conditions, and submits for processing
  • Reviews and recommends disbursement requests, and content of progress and final reports, based on contract requirements
  • Communicates with direct supervisor and main internal stakeholders to provide status updates on files, consults on complex contract negotiations, and reports any significant changes in disbursement timing and cash flow
  • Reviews project and in some cases, environmental result reports to identify significant results or lessons learned which may be used as case studies or to support the development of knowledge/communication products, and shares relevant information with other teams
  • Participates as required in cross-functional team project work for GMF, FCM Programs department or in FCM-wide initiatives
  • Contributes to ongoing process improvements in application and contracting process with a focus on improving client service. This may include reviewing new application forms and developing/updating tools and templates for applicants.

Knowledge, Experience and Skills:

  • University degree in Finance, Business administration, Economics, Commerce, or a related field
  • Minimum of 3 - 5 years of professional experience in construction and takeout financing in the housing sector
  • Knowledge of planning, delivery, and administration of housing finance, with an ability to analyze, reason and work within complex construction projects
  • Knowledge of CMHC funding programs for the non-for-profit and co-operative housing sector considered a strong asset
  • Excellent written and oral communication skills
  • Excellent client service skills
  • Strong organizational skills, priority management skills, and ability to manage multiple files
  • Detail oriented and strong analytical skills
  • Sound judgment
  • Demonstrated ability to work effectively both independently and as part of a team

Language Requirements:

  • The ability to work in both official languages is considered a strong asset

The benefits to joining the FCM team include summer hours (Fridays off between July 1st and Labour Day); office facilities located in the ByWard Market, FCM’s commitment to employee development and a competitive range of employee benefits and services.  FCM encourages flexible work arrangements to support the wellbeing and productivity of employees.

 

The Federation of Canadian Municipalities is committed to fostering an organizational culture that embraces equity, diversity, inclusion and belonging, where individuals from diverse racial and ethnic identities, nationalities, social economic status, sexual orientation, gender identity/expression and physical and mental abilities can thrive and be fully engaged at their best level.

 

FCM welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process.

 

Due to the COVID-19 pandemic, FCM is currently under a work from home protocol until further notice. The successful candidate must have the ability to work from home during this period. When the office re-opens, this role will work some combination of work from home and at the office. All in-office work and in-person meetings for work that take place outside of the office will be subject to FCM’s Safe Workplace Vaccination Policy, as well as its health and safety procedures.

 

It is a mandatory condition of employment at FCM that the successful candidate be fully vaccinated against COVID-19 with vaccines that have been approved by the Government of Canada at least 14 days prior to their start date and will be required to provide proof.  If accommodation is required in relation to this condition of employment for any reason pursuant to the Ontario Human Rights Code, please contact us at directly. 

 

For additional information on this posting, or for further information on FCM, access our website at www.fcm.ca.  Visit the careers section of our website to apply. Deadline for applications is December 6, 2021.

 

We thank all candidates for their interest; however, we will only contact those selected for an interview. All the applications will be kept for six months following the completion of the hiring process.

 

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