Senior Cost Consultant, Loan Monitoring

We are looking for a <strong>Senior Cost Consultant</strong> to be a part of our Loan Monitoring team based in Toronto. You will act as the independent intermediary between lenders and developers, tracking project budgets, costs incurred, commitments, and projected revenues. You will review project-related documentation and prepare upfront project pro formas and cost monitoring reports.

Toronto, ON

Altus Group

<p><span style="font-weight: 400;">Altus Group is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. Our businesses reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight, and recognize value on their real estate investments.</span></p> <p><span style="font-weight: 400;">Headquartered in Canada, we have approximately 2,250 employees around the world, with operations in North America, Europe, and Asia Pacific. We are at the center of what drives the real estate industry and continue to break ground every day with innovative solutions and best practices that touch every aspect of the real estate life cycle.</span></p> <p><br /><br /><br /></p> <p dir="LTR"><br /><br /></p>

keywords: who we are,the opportunity,who you are,what's in it for you,tracking financial deliverables of projects,preparing case-specific documentation,provide detailed reviews,process relevant authorizations,the relevant education,the experience,the industry interest,the interpersonal skills,the management skills


Overview: <p dir="LTR"><strong>The opportunity</strong></p> <p dir="LTR">We are looking for a Senior Cost Consultant to be a part of our Loan Monitoring team based in Toronto. You will act as the independent intermediary between lenders and developers, tracking project budgets, costs incurred, commitments, and projected revenues. You will review project-related documentation and prepare upfront project pro formas and cost monitoring reports.</p> <p dir="DEFAULT">&nbsp;</p> <p dir="LTR"><strong>Who you are</strong>&nbsp;</p> <p dir="LTR">You are a motivated cost monitoring professional with a strong interest in high-rise construction and are looking to find a place where your expertise will make a lasting impact. With several years of experience, you can acutely and accurately monitor all of the elements of a construction project that relate to financing terms and conditions including financial feasibility, budget and cost tracking, cash flow forecasting, contractual commitments, sales and revenues, development approvals and ancillary compliance requirements set out by construction lenders.</p> <p dir="DEFAULT">&nbsp;</p> <p dir="LTR"><strong>What&rsquo;s in it for you</strong></p> <p dir="LTR"><em>Exposure and opportunity.</em> Our end-to-end estimating, valuation, data, and technology solutions offer an incredible value proposition to our clients. As a result, we are recognized as leaders and innovators in the industry, creating the cost guide for the construction industry in Canada and pulling information from an incomparable database of knowledge we've created. You will play a critical role in a diverse, collaborative team, sharing best practices.&nbsp;</p> <p dir="LTR"><em>Career growth at a cutting-edge global practice. </em>You will be part of an organization that is client service-oriented and recognized at the top of our industry. We work with impressive projects and high-profile clients that range in scope and breadth, adding growth in employment and opportunity to communities. You will bring in your previous experience to have an immediate impact on your team with an opportunity to grow into an Associate and beyond as you accelerate your career at a scaling global firm.</p>
Responsibilities: <p dir="LTR"><strong>As our new Sr. Cost Consultant, Loan Monitoring you will focus on:</strong></p> <ul> <li> <p dir="LTR"><em>Tracking financial deliverables of projects.</em> You will create, validate and monitor project budgets and cash flow projections, visit construction sites to confirm progress, determine and prepare the cost to date and cost to complete evaluations.</p> </li> <li> <p dir="LTR"><em>Preparing case-specific documentation for the borrowers and the lenders.</em> You will draw up reports for the lenders confirming conditions precedent to initial and ongoing advances, validate the adequacy of budgets, schedule and cash flow projections</p> </li> <li> <p dir="LTR"><em>Provide detailed reviews.</em> You will check and verify all material financial project documentation such as contracts, budgets, commitments, development schedules to minimize any possible risks to the completion of projects.</p> </li> <li> <p dir="LTR"><em>Process relevant authorizations.</em> You will process payment certifications under construction contracts in compliance with the Provincial Lien Act, provide approvals to insured deposit advances, and enable access to funds.&nbsp;</p> </li> </ul>
Requirements: <p dir="LTR"><strong>So, how do we know that&rsquo;s you? You have:</strong></p> <ul> <li> <p dir="LTR"><em>The relevant education. </em>You have a Bachelor&rsquo;s Degree in Quantity Surveying, Construction Management, Civil or Structural Engineering, Building Science, Architecture, Finance or a related field. You either have or are working towards the certification for RICS, or PQS.</p> </li> <li> <p dir="LTR"><em>The experience.</em> You have three to five years of related experience in project and loan monitoring, with a demonstrated understanding of the cost tracking process. You are knowledgeable about RICS project monitoring guidelines and have an understanding of standard CCDC contract conditions as they pertain to owners and contractors. You also have a working knowledge of both the Provincial lien act and CIQS standard methods of measurement.</p> </li> <li> <p dir="LTR"><em>The industry interest</em><em>.</em> You have a keen enthusiasm for the high-rise construction industry and are open to learning more about how cost monitoring meshes into the construction process.</p> </li> <li> <p dir="LTR"><em>The interpersonal skills.</em> You are the intermediary between lenders and developers, communicating with both parties to eloquently relay and receive the important information with the aim of ensuring the seamless movement of project cycles.</p> </li> <li> <p dir="LTR"><em>The management skills.</em> You have strong organization and time management capabilities. They will be crucial to your day-to-day work process since you will often be handling several projects concurrently.</p> </li> </ul>