Portfolio Jobs

Job Category:

Cost Management Consulting

Pay Grade Range:

$37,950.00 - $88,550.00

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.

Job Summary:

Altus Group is hiring a Cost Analyst to join our Development Advisory team in Toronto. In this role, you’ll join our loan monitoring team and support the team by reviewing project documentation, verifying contracts, and tracking budgets, costs, cash flow projections and commitments. You’ll also assist in acting as an independent liaison between lenders and developers, monitoring projected revenues, development approvals, compliance, and construction contracts. You will contribute to the monthly project reporting until completion and loan repayment.

Key Responsibilities:

• Visit construction sites on a monthly basis to review the contractor and subcontractor progress claims and prepare site progress reports

• Assist in the delivery of pre-development services to establish feasibility of the project and identify any risks

• Provide support in review of development schedule, such as overall progress of the project and anticipated completion dates to the lender

• Review of Development Agreements/ Approvals, Agreements of Purchase and Sale and Leases etc.

• Collaborate with senior staff to establish and track project budget, along with cost to date and cost to complete

• Facilitate the preparation and submission of preliminary report to the lender before any loan advances are issued to the borrower

• Facilitate the preparation and submission of monthly reports for monthly advances

• Assist in preparing monthly payment certificates under construction contracts in compliance with the Provincial Lien Act

• Review construction contracts and other forms of commitments to minimize any risks of completion of the project

• Support in review of all material financial documentation including accounting records, bank statements etc.

• Perform research as required to ensure adequate information to support decision making

Key Requirements:

• Bachelor’s Degree in Quantity Surveying, Construction/Project Management, Civil/Structural Engineering/Architecture, Building Science or in a field related to real estate development and construction

• 0-2 years of related experience

• Solid understanding of construction methodology, schedules, and cash flow projections.

• Knowledge of the construction industry, including development, contracting, and consulting sectors.

• Familiarity with provincial Lien Acts and standard forms of construction contracts.

• Ability to prepare, review, and summarize technical reports effectively.

• Knowledge of site safety issues – basics of fall protection

• Valid driver’s license

• Proficient in Microsoft 365, Teams/SharePoint, and adaptable to learning industry-specific software such as Argus Estate Master, CostX, Onscreen Takeoff, AutoCAD, Timberline, and Excel.

#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.