Cost Consultant - Loan Monitoring

As a result of accelerated growth, Newmark 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. 

• 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. 
• 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.
• Proficient with Sharepoint and MS Office, including Project. Ideally, you may have exposure to ARGUS Estate Master. 
• Build and foster relationships with internal and client stakeholders across all levels of construction projects, gathering information, and eliciting cooperation both onsite and virtually.
• 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.
• 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. 
• Ability to cross-team collaboration. Influence without authority and roll up your sleeves as a critical member of a cross-functional team.

• Visit construction sites. You will review the contractor and subcontractor progress claims monthly. 
• Track project budget, against cost-to-date and cost-to-complete. 
• Report, to the lender, on the overall progress of the project and anticipated completion dates.
• Deliver pre-development services. You will establish the feasibility of the project and identify risks. 
• Review the development schedule and develop cash flow projections.
• Prepare and submit a preliminary report to the lender before any loan advances are issued to the borrower, confirming the borrower’s equity.
• Change management and quality assurance. You will review all aspects, applications, and details. 
• Review construction contracts and other forms of commitments to minimize any risks of completion of the project.
• Provide approvals on insured deposit advances, keeping the insurance lender up to date, and providing 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.