Job DescriptionMortenson Development, Inc. (MDI) is seeking a
Senior DevelopmentAnalyst to be based in the headquarters office in Minneapolis, MN, and reporting to MDI's Capital Markets Executive. Primary responsibilities will entail working closely with MDI's regional development offices on a wide range of new development and acquisition opportunities across several asset classes from inception to exit, or operations.
RESPONSIBILITIESThe
Senior Development Analyst will play a key role that will interface with development staff, legal staff, and the MDI executive team. Specific duties will include complex financial modeling, development research, underwriting, creation of 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, land and alternative asset classes
- Prepare information memoranda and associated materials for distribution to potential investors and lenders
- Support 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
- Supports the MDI team in identifying areas where processes and procedures can be applied to improve communication and efficiency
QUALIFICATIONS- 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 the 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
A few benefits offered include: (for Non-Craft & Non-Union Craft working 25+ hours / week)
- Medical and prescription drug plans that includes 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 $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.
#LI-BS1 #OnsitePlease 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.
