Senior Development Analyst

Mortenson; Minneapolis (MN); On-site; USD 90,000 - 121,000; Full time

Benefits offered by this job

Medical plans and prescription drug

401k retirement plan with generousmort

Paid time off and holidays

Life/AD&D/ disability insurance

No-Cost mental health resources

Adoption assistance

Job summary

Mortenson Development, Inc. in Minneapolis seeks a Senior Development Analyst to partner with regional offices on new development and acquisition opportunities across asset classes from inception to exit or operations.

The role emphasizes complex financial modeling, underwriting, and due diligence, with a focus on debt and equity financing and capital raising. The base pay range is disclosed, with incentive plan eligibility and growth opportunities in a dynamic corporate setting.

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.

Responsibilities

• 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

Skills

Financial modeling

Analytical skills

Underwriting

Credit analysis

Communication skills

Team collaboration

Education

Bachelor’s Degree in Real Estate or Finance

Job description

Mortenson Development, Inc. (MDI) isseeking aSenior DevelopmentAnalystto 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.

RESPONSIBILITIES

TheSenior Development Analystwill 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

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 conciergewith extensive work-life resources

Adoption Assistance

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 #Onsite

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), our 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.

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 your 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 (e.g., H1B status, 0-1, TN, CPT, OPT, etc.). We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Job Info

• Job Identification 23422
• Job Category Development Analyst
• Posting Date 08/14/2026, 01:35 AM
• Job Schedule Full time
• Locations 700 Meadow Ln N, Minneapolis, MN, 55422, US