Director, Funds & Facilities

CMI Financial Group Inc. | Mississauga, ON | Full-Time

Reports to: Chief Operating Officer

Position Summary

CMI Financial Group is seeking an experienced Director, Funds & Facilities to provide strategic and operational oversight across our mortgage investment funds and secured credit facilities.

This senior role is responsible for ensuring funds are managed in accordance with their respective investment policies, concentration limits, liquidity requirements, and established governance frameworks, while also overseeing the day-to-day management and compliance of the organization's credit facilities.

The Director will lead borrowing base management, covenant monitoring, lender reporting, cash and liquidity forecasting, fund-level monitoring, renewal oversight, mortgage allocation monitoring, and non-performing loan oversight. The role will work closely with Accounting, Servicing, Capital Markets, Underwriting, Legal, Compliance, and senior leadership.

The successful candidate will bring a combination of hands-on credit facility experience, fund-level oversight or reporting experience, and a strong understanding of mortgage or asset-based lending.

Key Responsibilities

Fund Oversight & Investment Policy Compliance

- Monitor each fund against its applicable investment policies, concentration limits, and other established parameters, including loan-to-value, geography, borrower exposure, maturity, and individual position limits.
- Proactively identify potential concentration issues or policy drift and recommend appropriate corrective actions.
- Maintain regular fund-level compliance and monitoring dashboards for senior management.
- Monitor issues through to resolution and ensure appropriate escalation where required.
- Support strong governance and equitable treatment across funds and facilities.

Mortgage Renewal Oversight

- Review mortgage renewals from a fund and portfolio perspective, considering rate, term, maturity, risk, liquidity, and keep-versus-exit decisions.
- Work collaboratively with the renewals team to ensure material renewal decisions receive appropriate review and approval.
- Maintain forward-looking visibility into upcoming maturities to support proactive funding, liquidity, and portfolio decisions.
- Escalate significant renewal risks or exceptions in accordance with established approval authorities.

Mortgage Allocation Oversight

- Support consistent application of the organization's mortgage allocation policies across funds and facilities.
- Regularly review allocation outcomes to identify and document potential exceptions or inconsistencies.
- Maintain appropriate records supporting equitable allocation practices.
- Support internal reviews and external lender requests relating to allocation practices where required.

Borrowing Base & Credit Facility Management

- Prepare, review, and manage borrowing base calculations across secured credit facilities.
- Apply applicable eligibility criteria, advance rates, concentration limits, exclusions, and haircuts accurately and consistently.
- Monitor mortgages approaching potential ineligibility due to maturity, arrears, renewal status, documentation, or other factors.
- Forecast borrowing base availability and potential impacts over 30-, 60-, and 90-day periods.
- Identify potential shortfalls early and coordinate appropriate remediation.
- Monitor facility covenants, including utilization, concentration, delinquency, loan-to-value, and other applicable financial and portfolio metrics.




- Escalate potential covenant or borrowing base issues proactively with recommended solutions.

Liquidity, Redemptions & Cash Forecasting

- Monitor fund liquidity, cash positions, redemption requirements, and applicable liquidity protocols.
- Maintain rolling short- and longer-term cash and capacity forecasts covering anticipated draws, repayments, subscriptions, redemptions, mortgage payouts, renewals, and recoveries.
- Determine available funding capacity for new mortgage opportunities and communicate capacity to relevant stakeholders.
- Coordinate facility draws and repayments to support efficient utilization and cost-of-funds management.
- Provide senior leadership with timely visibility into emerging liquidity or capacity constraints.

Non-Performing Loan Oversight

- Represent fund and facility interests in discussions concerning defaulted and non-performing mortgages.
- Work closely with Servicing and other internal stakeholders to drive timely action on delinquent and defaulted files.
- Maintain regular reviews of material non-performing loans, including enforcement timelines, workouts, payout negotiations, property status, and recovery strategies.
- Assess the impact of non-performing loans on fund liquidity, borrowing bases, facility covenants, and portfolio performance.
- Escalate stalled or material files where appropriate.

Fund & Lender Reporting

- Lead the preparation of recurring fund-level reporting and management reporting, working closely with Accounting.
- Prepare and coordinate lender reporting, including borrowing base certificates, compliance certificates, loan tapes, covenant calculations, and delinquency reporting.
- Reconcile fund and facility information across applicable servicing, accounting, custody, and loan-management records.
- Investigate and resolve data discrepancies before reports are finalized.
- Drive process improvements and automation opportunities to improve reporting accuracy, efficiency, and scalability.

Lender Relationships & Facility Compliance

- Act as a primary operational contact for credit facility lenders, agents, custodians, and other relevant external stakeholders.
- Coordinate lender audits, due diligence requests, reporting requirements, and remediation activities.
- Develop a detailed working knowledge of applicable credit agreements and reporting obligations.
- Monitor compliance with facility terms and escalate issues proactively.
- Support facility renewals, amendments, waivers, and new financing arrangements in partnership with senior leadership, Finance, Capital Markets, and Legal.

Processes, Controls & Systems

- Develop and maintain robust fund and facility models, reporting processes, controls, data feeds, and documented procedures.
- Establish appropriate review and approval controls for borrowing base calculations, compliance reporting, lender certificates, and fund reporting.
- Improve reporting resilience by reducing dependence on manual processes and individual knowledge.
- Identify automation opportunities using Excel, Power BI, SQL, or other appropriate reporting and data tools.




- Support continuous improvement of fund and facility governance, reporting, and operational controls.

Qualifications & Experience

- 7+ years of relevant experience in fund operations, structured or asset-based finance, credit facility management, treasury, portfolio oversight, mortgage lending, specialty finance, asset management, or banking.
- Demonstrated hands-on experience preparing borrowing base calculations and lender compliance reporting under secured credit facilities.
- Experience monitoring funds or portfolios against investment policies, concentration limits, and other established parameters.
- Experience with fund-level reporting, including liquidity, NAV, subscriptions, and redemptions.
- Strong understanding of residential mortgage lending; experience in private or alternative mortgage lending is strongly preferred.
- Experience with mortgage renewals, defaults, non-performing loans, and enforcement processes is an asset.
- Advanced proficiency in Microsoft Excel and financial modelling.
- Experience working with detailed loan-level data; Power BI and/or SQL experience is an asset.
- Strong analytical skills with the ability to identify emerging risks and translate complex financial information into clear recommendations.
- Excellent judgment when balancing the interests and requirements of multiple stakeholders.
- Solid communication and relationship-management skills, including the confidence to work directly with lenders and senior leadership.
- Highly organized and detail-oriented, with a demonstrated ability to manage recurring reporting deadlines and multiple priorities.
- CPA, CFA, or another relevant professional designation is considered an asset.

Key Success Measures

Success in this role will be demonstrated through:

- Proactive identification and resolution of investment policy and concentration issues.
- Timely and effective oversight of upcoming mortgage renewals.
- Accurate and timely fund, management, and lender reporting.
- Strong management of fund liquidity, redemptions, and available funding capacity.
- Consistent application of mortgage allocation policies and controls.
- Proactive borrowing base and covenant management.
- Strong lender audit and compliance outcomes.
- Effective utilization of credit facilities and disciplined management of funding costs.
- Improved visibility and resolution of non-performing loans.
- Reliable cash, liquidity, redemption, and capacity forecasting.
- Increased automation, documentation, and resilience of recurring reporting processes.

What You Bring

You are a hands-on financial professional who is equally comfortable working at the loan level, fund level, and credit facility level. You understand that strong oversight requires more than producing reports. It requires identifying issues early, understanding their financial impact, recommending a solution, and following through until they are resolved.

You are confident working across Finance, Accounting, Servicing, Capital Markets, Compliance, and senior leadership, and you can manage external lender relationships with professionalism and credibility.

Most importantly, you bring the judgment and discipline required to balance liquidity, portfolio performance, credit facility requirements, and the interests of multiple funds without losing sight of strong governance and controls.

Pay: $115,000.00-$120,000.00 per year

Benefits:

- Flexible schedule
- Life insurance
- Paid time off
- Vision care
- Work from home

Work Location: Remote

📌 Director, Funds & Facilities (Canada)
🏢 CMI Financial Group
📍 Canada