At a Glance
- Tasks: Review project documents, track budgets, and mentor junior staff in a dynamic environment.
- Company: Join Newmark, a leading firm in development advisory based in downtown Montréal.
- Benefits: Competitive salary, professional growth opportunities, and a collaborative team culture.
- Other info: Opportunity to work on exciting projects and gain valuable industry insights.
- Why this job: Make a real impact in the construction industry while developing your skills.
- Qualifications: Bachelor’s degree in a related field and 4-6 years of relevant experience.
The predicted salary is between 82800 - 101200 $ per year.
Newmark is currently seeking a candidate for the position of Senior Cost Consultant based out of our downtown Montréal office to join our Development Advisory division. Working with our loan monitoring team, the Senior Cost Consultant will review project documentation and contracts, track budgets, commitments, and costs incurred, and forecast an independent cost-to-complete. They will act as the independent liaison between lenders and developers, oversee projected revenues, compliance, and construction contracts, provide detailed monthly reports until project completion, and mentor junior staff.
Key Responsibilities
- 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.
Position 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.
- Excellent 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.
- Ability to work in a team and provide coaching and mentoring to junior staff.
- Working towards LEED, RICS/PQS, and/or AEECQ certification is an asset.
Senior Consultant, Loan Monitoring employer: Newmark
Newmark is an exceptional employer that fosters a collaborative and innovative work culture, particularly in its Vancouver office where the Consultant, Cost Planning role offers the chance to engage with high-profile construction projects across various sectors. Employees benefit from professional growth opportunities, including support for obtaining industry certifications, while being part of a dynamic team that values transparent communication and client-focused outcomes. With a strong commitment to excellence and a global presence, Newmark provides a rewarding environment for those looking to make a meaningful impact in the real estate sector.
