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Senior Cost Consultant, Loan Monitoring

Canada, Toronto 95000.00 - 125000.00 USD / Year · Job Posted May 03, 2026
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Job Description

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.

Job Responsibility

  • 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 keeping 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
  • Negotiate change orders with contractors in accordance to the terms of the agreed contract
  • Perform reviews of all material financial project documentation implications

Requirements

  • Bachelor’s Degree in Construction Management, Quantity Surveying, Civil/Structural Engineering, Building Science or in 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

Nice to have

Working towards LEED, RICS/PQS certification

What we offer

  • competitive compensation
  • incentive and bonus plans
  • total rewards package prioritizing mental, physical, and financial well-being
  • professional learning via Altus Intelligence Academy
  • flexible work model (Activity-Based Work model)

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