Job Category:
Cost Management Consulting
Pay Grade Range:
$49,335.00 - $115,115.00
Disclaimer: The base salary range represents the low and high end of Altus Group’s “Pay Grade Range” for this position in the primary work location. Actual hiring salaries will vary depending on factors including but not limited to work experience, and geographic market data for the role. The Pay Grade Range listed above does not reflect Altus Group’s total compensation for employees. Other rewards may include an annual bonus, flexible work arrangements, and region-specific benefits.
Unlock your Altus Experience!
If you’re looking to advance your career in data analytics, expertise, and technology for the rapidly growing global CRE market, there’s no better place than Altus Group. At Altus, our work is purposeful. Every day, our employees drive impact, innovate, and shape the global commercial real estate (CRE) and PropTech industry.
Our people-centric culture empowers you to deliver in a high trust, high performance culture, surrounded by an inclusive team that’s collaborating to modernize our industry. We invest in our people with training and growth opportunities designed to propel you further in your career while providing a flexible and progressive workplace that reflects our values and teams.
The opportunity
As a result of accelerated growth, Altus is looking for a new Cost Consultant, Loan Monitoring. This is an exciting opportunity to be on-site for high-profile, complex construction projects from institutions such as schools and hospitals to mixed-use, office, and government buildings and corporate towers. You will act as the liaison between the construction company and the financial institution, building relationships with project personnel and physically navigating the site to prepare trusted, accurate and complete reports and cost forecasting until completion and repayment of the mortgage.
Key Responsibilities:
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Visit construction sites. You will review the contractor and subcontractor progress claims monthly.
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Track project budget, against cost-to-date and cost-to-complete.
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Report, to the lender, on the overall progress of the project and anticipated completion dates.
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Deliver pre-development services. You will establish the feasibility of the project and identify risks.
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Review the development schedule and develop cash flow projections.
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Prepare and submit a preliminary report to the lender before any loan advances are issued to the borrower, confirming the borrower’s equity.
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Change management and quality assurance. You will review all aspects, applications, and details.
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Review construction contracts and other forms of commitments to minimize any risks of completion of the project.
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Provide approvals on insured deposit advances, keeping the insurance lender up to date, and providing access to the funds.
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Process payment certification under construction contracts in compliance with the Provincial Lien Act.
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Negotiate change orders with contractors in accordance to the terms of the agreed contract.
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Perform reviews of all material financial project documentation implications.
Key Requirements:
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A degree or diploma in Architecture, Construction or Civil Technology, Construction Management, Quantity Surveying, Building Science, or a related field. Working towards PQS designation, CIQS/RICS membership, or LEED accreditation.
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3+ years of experience in loan and project monitoring. Having a senior-level understanding of construction estimating, budgeting, planning, payment scheduling, and insurance for commercial development projects. Strong knowledge of RICS Project Monitoring guidelines, CIQS standard method of measurement, both elemental and trade, provincial lien acts, and CCDC standard contract conditions.
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Proficient with Sharepoint and MS Office, including Project. Ideally, you may have exposure to ARGUS Estate Master.
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Build and foster relationships with internal and client stakeholders across all levels of construction projects, gathering information, and eliciting cooperation both onsite and virtually.
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Outstanding communicator who can clarify ambiguities and present information in a way that is structured and makes sense. You can relay delays and setbacks while managing expectations and retaining the client's confidence.
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Anticipate, understand, and respond to the needs of clients, and you are driven to meet or exceed their expectations. You can innovate solutions to keep the project - and the business - moving forward.
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Ability to cross-team collaboration. Influence without authority and roll up your sleeves as a critical member of a cross-functional team.
#LI-Hybrid
What Altus Group offers:
- Rewarding performance: We are pleased to be able to provide employees competitive compensation, incentive and bonus plans, and a total rewards package that prioritizes their mental, physical and overall financial health.
- Growth and development: As a destination for top industry talent, we’re investing in you to meet the evolving needs of our clients and deliver on your professional goals. Our Altus Intelligence Academy offers over 150,000 hours of learning materials catering to diverse stages of an employee’s career journey.
- Flexible work model: We’re modernizing our employee programs to reflect the new world of work. Our Activity-Based Work model provides you with flexibility to align your work location to the work being performed - office for connecting and collaborating, and remote for focused work.
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 [email protected] or +1 888 692 7487.
We appreciate all applicants who take the time to apply to Altus Group. Please note that only those who are selected to move forward in the process will be contacted. Thank you.
