Associate, Cost Monitoring

Compensation Range

$95,000 - $125,000

The salary range listed reflects the base pay for this role at Altus Group and is provided where required by local regulations. Actual offers may differ based on experience, market conditions, and other relevant factors. The range does not include additional compensation such as bonuses, equity, benefits, or other incentives.

Altus Group is hiring a Senior Cost Consultant to join our Development Advisory team in Toronto. In this role, you’ll work with our loan monitoring team, reviewing project documentation, verifying contracts, tracking budgets and costs, and forecasting independent cost-to-complete estimates. You’ll serve as the independent liaison between lenders and developers, monitoring projected revenues, development approvals, compliance, and construction contracts. Additionally, you’ll provide detailed monthly reporting until project completion and mortgage repayment.

• Visit construction sites on a monthly basis to review the contractor and subcontractor progress claims.
• Deliver pre-development services to establish feasibility of the project and identify any risks.
• Provide review of development schedule, including overall progress of the project and anticipated completion dates to the lender.
• Establish and track project budget, along with cost to date and cost to complete.
• Develop cash flow projections and summaries.
• Confirm borrower’s equity contributions.
• Prepare and submit preliminary report to the lender before any loan advances are issued to the borrower.
• Review construction contracts and other forms of commitments to minimize any risks of completion of the project.
• Provide approvals on insured deposit advances, keeping the insurance lender up to date and providing access to the funds.
• Process payment certification under construction contracts in compliance with the Provincial Lien Act.
• Negotiate change orders with contractors in accordance with the terms of the agreed contract.
• Perform reviews of all material financial project documentation implications.

• Bachelor’s Degree in Construction Management, Quantity Surveying, Civil/Structural Engineering, Building Science or a related field.
• 4‑6+ years of related experience in loan monitoring and project monitoring.
• Strong understanding of RICS Project Monitoring guidelines and standards.
• Superior communication and time management skills, along with the ability to manage multiple projects at any given time.
• Intermediate level of understanding of construction estimates, development schedules.
• In‑depth knowledge of the construction industry – development, contracting & consultant services.
• Working knowledge of the Provincial lien act and CIQS standard method of measurement – elemental/trade.
• Strong understanding of standard contract conditions – CCDC.
• Working towards LEED, RICS/PQS certification is an asset.

• Rewarding performance: competitive compensation, incentive and bonus plans, and a total rewards package prioritizing mental, physical, and financial well‑being.
• Growth and development: we invest in your professional learning. Our Altus Intelligence Academy offers over 150,000 hours of learning content.
• Flexible work model: our Activity‑Based Work model provides flexibility to align your work location to the needs of the work — use the office for collaboration and remote work for focused tasks.

Altus Group is committed to fostering an inclusive work environment where all clients and employees feel welcomed, accepted, and valued. We provide an atmosphere free from barriers to promote diversity, equity, and inclusion, and encourage equal opportunities for all employees. We’re seeking candidates with diverse experiences and provide accessible candidate experiences throughout the selection process. If you need accommodation, please contact us at or .

AI tools may be used to support the initial stages of screening for this role; however, all assessments and final hiring decisions are reviewed and made by an Altus Group hiring professional.

Please note that as part of our commitment to maintaining a safe and secure workplace, Altus Group may conduct background checks on candidates who receive a conditional offer of employment. These checks may include, but are not limited to, verification of employment history, education credentials, criminal records, credit history (where relevant), and reference checks. The scope and nature of background checks may vary depending on the role, location, and applicable laws.

All background checks will be conducted in compliance with local laws and regulations, and candidates will be informed of any checks required as part of the recruitment process.