Officer, Financial Solutions (Sustainable Affordable Housing) – Federation of Canadian Municipalities

Title of the Job: Officer, Financial Solutions (Sustainable Affordable Housing)

Location: Ottawa, ON

Job Description: 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 (Sustainable Affordable Housing)
Department Growth & Development – Green Municipal Fund – Client & Funding Services
Classification Level 5
SalaryOur salaries generally range from $73,000 – $82,500, and are based on qualifications and experience
Languages English required, French is an asset
Term Permanent Full-Time
Location Hybrid (Ottawa)Why GMF is the place for youAt GMF, we empower our people to create change where it has the most impact – municipalities. GMF is a $1.6 billion permanent endowment from the Government of Canada, managed at arm’s length, making it nimble and available for higher-risk, higher-impact initiatives. A further $530M investment into GMF to support the National Adaptation Strategy was announced in November 2022. Our team is committed to helping local governments switch to sustainable practices faster. GMF is the cornerstone program of the Federation of Canadian Municipalities (FCM).Our unique mix of funding, resources, and training gives municipalities the tools they need to build resiliency — and create better lives for Canadians. Through GMF, municipalities have reduced carbon emissions; 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.You in this roleThe 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 funding for approval. The Financial Solutions Officer is also responsible for guiding borrowers through the contract negotiation, execution and fund disbursement processes.The future of work at FCM includes a commitment to being a more inclusive and anti-racist racist organization with a people centered approach. The incumbent embodies FCM’s commitment to being a healthy, diverse, inclusive, and anti-racist organization.The work at FCM includes FCM becoming an even more member-driven organization that balances the realization of its goals with a people-centered approach. The incumbent embodies to being a healthy, diverse, inclusive, and anti-racist organization. As a member of the officer works in a manner that embraces these values, the corporate culture and the passion for FCM’s mandate.What you’ll be doingActs as the primary client contact on a portfolio of applications and funding agreements through the project cycleResponsible 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 processConducts an initial review of capital project applications, accounting for the housing provider’s request, and adherence to eligibility criteria and financial documentation requirementsProvides 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 contractsLiaising with internal expertise on environmental viability of projects, which includes sharing relevant knowledge products and capacity building resourcesFacilitates 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 informationWrites and reviews application summaries and prepares recommendations for funding and is prepared to answer questions. This may involve reviewing translated presentation documents as requiredPrepares recommendations following approval, which may include contract amendments, scope changes and closure memosAssists 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 signaturesReviews contracts for adherence against mandatory requirements, ensures that it reflects the pre-approved terms and conditions, and submits for processingReviews and recommends disbursement requests, and content of progress and final reports, based on contract requirementsCommunicates 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 flowReviews 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 teamsParticipates as required in cross-functional team project work for GMF, FCM Programs department or in FCM-wide initiativesContributes 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.Your skills make us betterYou bring:Education:

• University degree in Finance, Business administration, Economics, Commerce, or a related field.

Experience:

• Minimum of 3 – 5 years of professional experience in construction and takeout financing in the housing sector.

Knowledge:Knowledge of planning, delivery, and administration of housing finance, with an ability to analyze, reason and work within complex construction projectsKnowledge of federal and provincial funding programs for the not-for-profit and co-operative housing sector considered a strong asset.Competencies:

• Effective written and oral communication, and experience presenting findings and recommendations to senior-level decision makers through written documents and presentations.
• The ability to communicate in written and verbal format in both official languages is an asset.

Excellent written and oral communication skillsExcellent client service skillsStrong organizational skills, priority management skills, and ability to manage multiple filesDetail oriented and strong analytical skillsSound judgmentDemonstrated ability to work effectively both independently and as part of a team * The ability to work in both official languages is considered a strong assetWhy working here rocksWe prioritize work-life balance with our flexible model:

• When we say flexible work model, we mean that in collaboration with your manager and based on what your team needs, you have the flexibility to determine when you work so that you can enjoy a healthy balance between work and personal demands.
• While you do need to live in Canada for this role, you can primarily work from home. Travel may be required to Head Office in Ottawa periodically. The majority of the GMF team operates from the National Capital Region.
• We do like to visit the areas we are impacting and it allows us to see unique and wonderful parts of our country. You may find yourself traveling nationally 10-15% of the time.

We don’t just talk about employee wellness, we live it:

• Summer hours between July 1 and Labour Day:

• 7-hour workdays rather than 7.5
• Every Friday off in the summer
• Flexible work arrangements to support productivity and well-being
• Commitment to employee development
• Competitive range of employee benefits and services
• Office facilities located in the Byward Market and Ottawa’s downtown core

We’re 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.We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process.How to applyIf this role speaks to you and the impact you want to make, we’d love to hear from you! Apply today.The deadline to apply is October 11th, 2024.The future of work here includes a hybrid work model; therefore, this role will be a combination of virtual and on-site work.The successful candidate is required to live in and be authorized to work in Canada. They are also required to be able to work from home/remotely, from within Canada. All in-office work and in-person meetings for work that take place inside and/or outside of the offices located in Ottawa will be subject to FCM’s Safe Workplace Vaccination Policy, as well as its health and safety procedures.For additional information on this posting, or for further information on FCM, access our website at . Learn more about the Green Municipal Fund at

Company Name: Federation of Canadian Municipalities

Salary: $73000 – 82500 per year

Apply for the job!