Senior Development Analyst

Mortenson Development, Inc. (MDI) is seeking a Senior Development Analyst to be based in the headquarters office in Minneapolis, MN, reporting to MDI’s Capital Markets Executive.

Responsibilities

• Play a key role interfacing with development staff, legal staff, and the MDI executive team.
• Perform complex financial modeling, development research, underwriting, and creation of offering memoranda (debt and equity).
• Provide underwriting and evaluation support across multiple property types, including medical office, multifamily, hotel, industrial, mission critical, land, and alternative asset classes.
• Prepare information memoranda and associated materials for distribution to potential investors and lenders.
• Support the overall due diligence process, including legal and asset management, from pre-development/site selection through completion/disposition.
• Develop and implement financial models to support credit analysis.
• Conduct analytical work that supports the financing strategies of development opportunities.
• Identify areas where processes and procedures can be applied to improve communication and efficiency.

Requirements

• Bachelor’s Degree in real estate, finance, or related field.
• Minimum two years’ progressive work experience in commercial real estate.
• Experience in the structuring and documentation of transactions.
• Experience with transactions, underwriting, and due diligence.
• Advanced analytical skills, including demonstrated ability to perform financial modeling.
• Strong underwriting ability, including deep understanding of property valuation utilizing discounted cash flow methodology, submarket fundamental forecasting, and comparable analysis.
• Sound credit background in commercial real estate and capital markets.
• Successful experience in developing and cultivating long-term, mutually beneficial relationships.
• Strong people skills with high integrity and a team attitude.
• Strong verbal, written, and interpersonal communication skills.
• Self-starter with ability to multi-task and manage change effectively.
• Open to change based on diverse input and feedback.
• Effectively work with those of diverse backgrounds and organizational levels.
• Adaptive, effective communication, and active listening skills.
• Strong cross-cultural relationship building and influencing at all organizational levels.
• Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status.

Benefits

• Medical and prescription drug plans that include no additional cost vision coverage.
• Dental plan.
• 401k retirement plan with a generous Mortenson match.
• Paid time off, holidays, and other paid leaves.
• Employer-paid Life, AD&D, and disability insurance.
• No-cost mental health tool and concierge with extensive work-life resources.
• Tuition reimbursement.
• Adoption Assistance.
• Gym Membership Discount Program.

Pay

The base pay range for this role is $89,500 - $120,800. (Actual range is higher for the following office locations: Denver, CO and Chicago, IL – 5%, Seattle, WA, and Portland, OR – 10%, Washington, D.C. – 12.5%). Base pay is positioned within the range based on several factors including an individual’s knowledge, skills, and experience, with consideration given to internal equity. This position is eligible for Mortenson’s incentive plan.

Schedule

This is an onsite position.

About Mortenson Development: Mortenson Development, Inc. (MDI) is the real estate development arm of Mortenson’s business, offering a comprehensive set of expertise to create and facilitate the development of projects while increasing value for customers and investors. MDI partners across the value chain to align facilities solutions, financial opportunities, and business needs.