Cost Consultant, Loan Monitoring

Sccsinternational; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

Altus Group is recruiting a Cost Consultant for its loan monitoring team in downtown Toronto. The role serves as the independent interface between lenders and developers, reviewing contracts, budgets and forecasts to control costs and ensure loan performance.

Responsibilities include monitoring budgets, processing progress claims, cash flow projections and cost-to-complete analyses, with monthly reporting to lenders and adherence to the Provincial Lien Act.

Qualifications

• Requires degree in construction management, quantity surveying, civil or structural engineering or building science.
• Typically 2–5 years in loan and project monitoring.
• Experience with CIQS measurement standard and CCDC contract conditions preferred.
• Knowledge of project budgeting, cash flow, and cost to complete forecasts.

Responsibilities

• Act as the interface between lenders and developers.
• Review and verify project documentation and construction contracts.
• Prepare and track budgets, commitments and costs incurred.
• Forecast the cost to complete for loan advances.
• Perform monthly site visits to review progress claims and schedules.
• Provide pre-development feasibility and risk identification.
• Produce interim reports for lenders and approve insured deposits.

Skills

Loan monitoring

Budget tracking

Lender interface

Project verification

Education

Degree in construction management

Degree in quantity surveying

Degree in civil/structural engineering

Degree in building science

Tools

CIQS measurement method

CCDC contract conditions

Job description

Altus Group is recruiting a Cost Consultant into the loan monitoring team of its Development Advisory division, based at its downtown Toronto office. The posting describes the role as the independent interface between lenders and developers. The postholder reviews and verifies project documentation and construction contracts, prepares and tracks budgets, commitments and costs incurred, and forecasts an independent cost to complete.

Monthly site visits are listed, to review contractor and subcontractor progress claims, together with review of the development schedule and the anticipated completion dates reported to the lender. Further duties named are pre-development feasibility and risk identification, cash flow projections, confirmation of the borrower's equity contribution, a preliminary report to the lender before any loan advance is released, and approvals on insured deposit advances.

The posting places payment certification under construction contracts within the role, in compliance with the Provincial Lien Act. Reporting continues monthly until completion and repayment of the mortgage. The employer asks for a degree in construction management, quantity surveying, civil or structural engineering or building science, and two to five years in loan and project monitoring.

Working knowledge of the CIQS standard method of measurement and of CCDC standard contract conditions is sought, with an understanding of RICS project monitoring guidance. Compensation is published at 70,000 to 90,000 Canadian dollars. The role is full time and no closing date is given.