Commercial Analyst - CMHC Multi-Unit Residential
- Salary
- CA$52K–CA$75KCAD per year
- Hiring from
- Canada
- Work type
- Hybrid
- Posted
- Sep 25, 2026
About this opportunity
At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.
The CMHC multi-unit residential (“MUR”) analyst will be responsible for assisting the CMHC MUR Directors, via CMHC MUR submissions, credit applications and related support, including at times through direct member contact. You will be a part of our team to grow the size and profitability of the CMHC MUR book while minimizing loan risk, ensuring compliance with CMHC requirements and maximizing product penetration. A fast-paced and exciting environment in a high growth segment of our business will challenge successful candidates.
Key Responsibilities:
- Supporting through analysis of MUR pro forma and financial operating data, and recommending appropriate courses of action for CMHC MUR lending matters. Ongoing tasks include, but not limited to:
- Conducting necessary analysis and due diligence.
- Liaising with CMHC and prospective borrowers during the information gathering and CMHC MUR insurance application processes.
- Completing Credit Applications for submission to BCD.
- Ensuring any questions or credit related issues are satisfactorily resolved.
- Completing and/or reviewing all “Request - Certificate of Insurance” and Underwriting Binders before submission to CMHC.
- Ensuring completion of annual reviews and according to CMHC requirements.
- Managing many of the routine account operating issues encountered by our CMHC MUR Members, anticipating/recognizing Members’ needs, and proactively making product and service recommendations.
Liaising with other MCU staff and outside product/service suppliers to meet the needs of our members. - Establishing personal goals and action plans to support the BBCs and Land Development & Construction business objectives.
- Demonstrating an ongoing willingness to assume higher degrees of accountability and responsibility, leading to assumption of a position as a Relationship Manager
- Business Banking, Cash Management or Business Credit position
- Actively monitors and manages the profitability of Meridian’s relationships with a member in order to retain and maintain business.
- Stay updated on all CMHC MUR policies and properly assess the impact on the Members and prospects of any policy changes.
- Work closely with the Director CMHC MUR and Treasury relative to:
- Establishing rates for CMHC-insured MUR fixed rate term mortgages
- Hedging rates relative to CMHC-insured MUR term mortgages to be securitized
- Keeps abreast of changes within the CMHC MUR industry and proactively identifies opportunities to improve the growth and development of the CMHC MUR portfolio by analyzing member needs, trends, and competitor offerings.
Education, Work Experience, and Professional Designations/Certifications:
- Post-secondary education or related job training, with good knowledge of financial accounting and lending principles.
This role represents an existing vacancy. Internal candidates are being considered as part of our standard process.
Salary Range: CAD $52,000.00 to $75,000.00 annually.
Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.
Office Location:
This position offers flexibility to work from any of the following office locations:
- Toronto Corporate Office, 3280 Bloor Street West, Etobicoke, ON
- St. Catharines Corporate Office, 75 Corporate Park Drive, St. Catharines, ON
- Business Banking Centre 600 (Barrie), 592 Yonge Street, Barrie, ON
- Business Banking Centre 300 (London), 700 Richmond Street, London, ON
This is a hybrid work opportunity.
Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.
What's in it for you?
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success
- We provide you with the tools and technology needed to delight your candidates and clients
- You'll get to work with and learn from diverse industry leaders
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
- This isn't your typical "corporate" job. We work hard and we have fun!
Build the Future of Banking with Us
At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:
- Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
- Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
- Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
- Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Who we are:
Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.
Find our story here: About Meridian
Experience the Difference!
Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.
Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.
Please note that due to the volume of applications, only those under consideration will be contacted for an interview.
Thank you for your interest in Meridian Credit Union.
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