Mortenson
Senior Development Analyst | Mortenson
Mortenson, Minneapolis, Minnesota, United States, 55400
Summary
Mortenson Development, Inc. (MDI) is seeking a Senior Development Analyst. Primary responsibilities will entail working closely with MDI’s regional development offices and Mortenson Properties, Inc., a commercial real estate investment and management company, on a wide range of new development and acquisition opportunities across several asset classes from inception to exit, or operations. Responsibilities
Interface with development staff, legal staff, and the MDI executive team. Perform complex financial modeling, valuations, and underwriting. Create offering memoranda (debt and equity), asset management and capital raising. Provide underwriting and evaluation support across multiple property types, including medical office, multifamily, hotel, industrial, mission critical and land asset classes, and alternative investments. 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 through completion/disposition. Develop and implement financial models to support credit analysis. Conduct analytical work that supports financing strategies of development opportunities. Support the MDI team in identifying areas where processes and procedures can improve communication and efficiency. Qualifications
Bachelor’s Degree in real estate, finance or related field. Minimum two years’ progressive work experience in real estate finance & development. Experience in the structuring and documentation of transactions. Experience with transactions, underwriting and due diligence. Advanced analytical skills, including the ability to perform financial modeling using Microsoft Excel and ARGUS. Strong underwriting ability, including deep understanding of property valuation utilizing discounted cash flow methodology, submarket fundamental forecasting and comparables analysis, and capital markets. Sound credit background in commercial real estate and capital markets. 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. Ability to work with people from diverse backgrounds and organizational levels. Adaptive, effective communication and active listening skills. Strong cross-cultural relationship-building and influencing at all organizational levels. A Few Benefits Offered Include
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. The base pay range for this role is $87,200 - $117,700.
(Actual range is higher for certain office locations: Denver, CO; Chicago, IL – 5%, Seattle, WA; Portland, OR – 10%, Washington, D.C. – 12.5%). Base pay is positioned within the range based on factors including knowledge, skills, and experience, with consideration given to internal equity. This position is eligible for Mortenson’s incentive plan. Please Make Note
Visa sponsorship is not offered for this position. Our postings are typically open a minimum of 5 days and an average of 44 days. About Mortenson
As a top builder, developer, and EPC (Engineering, Procurement, and Construction), Mortenson’s expertise spans markets like sports, renewable energy, data centers, healthcare, and more. We are builders at heart, working to ensure the built environment has a lasting positive impact. 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. Equal Employment Opportunity
Your uniqueness brings new and creative perspectives to the team. Mortenson is committed to providing equal opportunities of employment (EOE) to all individuals, regardless of race, religion, gender, national origin, age, veteran status, disability, marital status or any other legally protected category. Other Items To Note
Mortenson reserves the right to hire any individual without legal or financial obligation on unwanted solicitations. No agency emails, calls, or solicitations are accepted without a valid agreement. Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status. We are unable to sponsor or take over sponsorship of an employment visa at this time.
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Mortenson Development, Inc. (MDI) is seeking a Senior Development Analyst. Primary responsibilities will entail working closely with MDI’s regional development offices and Mortenson Properties, Inc., a commercial real estate investment and management company, on a wide range of new development and acquisition opportunities across several asset classes from inception to exit, or operations. Responsibilities
Interface with development staff, legal staff, and the MDI executive team. Perform complex financial modeling, valuations, and underwriting. Create offering memoranda (debt and equity), asset management and capital raising. Provide underwriting and evaluation support across multiple property types, including medical office, multifamily, hotel, industrial, mission critical and land asset classes, and alternative investments. 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 through completion/disposition. Develop and implement financial models to support credit analysis. Conduct analytical work that supports financing strategies of development opportunities. Support the MDI team in identifying areas where processes and procedures can improve communication and efficiency. Qualifications
Bachelor’s Degree in real estate, finance or related field. Minimum two years’ progressive work experience in real estate finance & development. Experience in the structuring and documentation of transactions. Experience with transactions, underwriting and due diligence. Advanced analytical skills, including the ability to perform financial modeling using Microsoft Excel and ARGUS. Strong underwriting ability, including deep understanding of property valuation utilizing discounted cash flow methodology, submarket fundamental forecasting and comparables analysis, and capital markets. Sound credit background in commercial real estate and capital markets. 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. Ability to work with people from diverse backgrounds and organizational levels. Adaptive, effective communication and active listening skills. Strong cross-cultural relationship-building and influencing at all organizational levels. A Few Benefits Offered Include
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. The base pay range for this role is $87,200 - $117,700.
(Actual range is higher for certain office locations: Denver, CO; Chicago, IL – 5%, Seattle, WA; Portland, OR – 10%, Washington, D.C. – 12.5%). Base pay is positioned within the range based on factors including knowledge, skills, and experience, with consideration given to internal equity. This position is eligible for Mortenson’s incentive plan. Please Make Note
Visa sponsorship is not offered for this position. Our postings are typically open a minimum of 5 days and an average of 44 days. About Mortenson
As a top builder, developer, and EPC (Engineering, Procurement, and Construction), Mortenson’s expertise spans markets like sports, renewable energy, data centers, healthcare, and more. We are builders at heart, working to ensure the built environment has a lasting positive impact. 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. Equal Employment Opportunity
Your uniqueness brings new and creative perspectives to the team. Mortenson is committed to providing equal opportunities of employment (EOE) to all individuals, regardless of race, religion, gender, national origin, age, veteran status, disability, marital status or any other legally protected category. Other Items To Note
Mortenson reserves the right to hire any individual without legal or financial obligation on unwanted solicitations. No agency emails, calls, or solicitations are accepted without a valid agreement. Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status. We are unable to sponsor or take over sponsorship of an employment visa at this time.
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