Cost Consultant, Loan Monitoring

Compensation Range

Compensation Range: $70,000- $90,000 Compensation Disclaimer:
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 currently seeking a candidate in the position of Cost Consultant based out of our downtown Toronto office to join our Development Advisory division. Working with our loan monitoring team, the Cost Consultant will review and verify all project-related documentation and contracts, prepare and track all budgets, commitments and costs incurred, and forecast an independent cost-to-complete for the project.

The Cost Consultant will be responsible for acting as the independent interface between lenders and developers. The Cost Consultant will also track the projected revenues, development approvals, compliance documentation, construction contracts and committed revenue, and provide in-depth monthly reporting on the project until completion and repayment of the mortgage.

• 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, such as 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 and keep the insurance lender up to date and provide access to the funds.
• Process payment certification under construction contracts in compliance with the Provincial Lien Act.
• Perform reviews of all material financial project documentation implications.

• Bachelor’s Degree in Construction Management, Quantity Surveying, Civil/Structural Engineering, Building Science or in a related field.
• 2-5 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.
• #LI-Hybrid

If you’re looking to advance your career in an industry that is transitioning for greatness, there’s no better place than Altus Group. Our high trust, high performance culture prioritizes progressive programs that empower you to deliver your greatest performance while promoting collective success where everyone is recognized and connected. We offer boundless opportunities in a rapidly growing global business: mentorship from the best and brightest in CRE, access to our Altus Intelligence Academy, and the chance to work with the best data sets, tools and technology in the industry.

• 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…