Senior Project Monitor - Real Estate

Locations Toronto
Discipline Real Estate and Building Consultancy
Job reference 3201490
Consultant name Aaron Benton
Consultant email aaronb@archerrecruitment.com
Consultant contact no +1 647 980 2377
Our client is a mid sized local Canadian Multidisciplinary Real Estate Consultancy who have a strong portfolio of clients across Canada in both the residential and commercial real estate sectors. They are currently looking for an experienced Senior Cost Consultant with extensive experience in loan monitoring / lender services to join their team for an immediate start.

The Role:

The Senior Project Loan Monitor mainly provides independent construction and development cost reviews for Construction Lenders during construction. They will also provide other quantity surveying roles including project proformas and cost planning advice regarding the financial feasibility of a construction project using the developer's revenue projections.

Key Responsibilities:
  • Preparing regular project cost reports for Lender, including cost incurred and cash flow with review of costs-in-place, costs-to-complete, holdbacks, and sources and uses of funds.
  • Assess the project budget and the construction time schedule as prepared by the developer and give opinion on cost and schedule adequacy based on review of project documents.
  • Review and provide advice on all cost items and trade contractor contracts/commitments to support the developer's project budget.
  • Reviewing project finance documentation and conditions. 
  • Assist the developer to understand and comply with the Lender's project requirements during construction
  • Benchmarking construction costs against similar projects.
  • Checking development design against the project budget in the context of budget preparation.
  • Preparing cash flow projections for project costs during construction.
  • Reporting on change orders, contemplated changes and cost of potential variations.
  • Provide opinion on the adequacy of the contingency reserves.
  • Perform sites inspections, take pictures, and document progress.
  • Assessing valuation of construction work on site by reviewing trade contractor invoices as provided.
  • Review loan advance submission with supporting hard construction and soft development invoices and calculate project costs incurred.
  • Providing independent review and analysis of construction activities and comment on how this compares to the latest construction schedule provided.
  • Develop and maintain positive relationships with Lender's and Developer's.
  • Review the project documents to assess the reasonableness of the Developer's budget and give independent opinion on the overall project budget. Through this review, identify any associated risk factors, including the monitoring risks and the project continues.
  • Supervise and mentor junior cost consultants.
Education & Experience:
  • Degree in Real Estate, Commerce, Finance, Construction Management, Quantity Surveying or Engineering
  • 5+ years of Cost Control/Quantity Surveying experience in high rise residential and/or mixed use developments
  • Membership in a relevant professional organizations (i.e. RICS, AACEI).
  • Certification or designation from a professional organization is an asset (i.e. MRICS, CCP)
Whats on Offer?

Market leading salary, benefits, pension plan, bonus, and vacation and an opportunity to enjoy work life balance with a split between working from home and the office.
  
We appreciate every single application that reaches us but due to the high volume of applicants we are only able to contact shortlisted candidates.
  
To apply please follow the links below or e-mail your up to date CV to: aaronb@archerrecruitment.com
  
For more roles in; Residential Construction, Property Development, PMCM Consultancies, Mechanical & Electrical Contracting, Architecture & Interior Design, Engineering, ICI Construction and Civil & Infrastructure Construction, please visit our website: www.archerrecruitment.com and follow us on LinkedIn.