Senior Development Analyst

Mortenson Development, Inc. (MDI) is seeking a Senior Development Analyst 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 classesPrepare information memoranda and associated materials for distribution to potential investors and lendersSupport overall due diligence process, including legal and asset management, from pre-development/site selection through completion/dispositionDevelop and implement financial models to support credit analysisConduct analytical work that supports the financing strategies of development opportunitiesSupports the MDI team in identifying areas where processes and procedures can be applied to improve communication and efficiencyQUALIFICATIONSBachelor’s Degree in real estate, finance or related fieldMinimum two years’ progressive work experience in commercial real estateExperience in the structuring and documentation of transactionsExperience with transactions, underwriting and due diligenceAdvanced analytical skills, including the demonstrated ability to perform financial modelingStrong 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 marketsSuccessful experience in developing and cultivating long-term, mutually beneficial relationshipsStrong people skills with high integrity and a team attitudeStrong verbal, written and interpersonal communication skillsSelf-starter with ability to multi-task and manage change effectivelyOpen to change based on diverse input and feedbackEffectively work with those of diverse backgrounds and organizational levelsAdaptive, effective communication and active listening skillsStrong cross-cultural relationship building and influencing at all organizational levelsA 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 resourcesTuition 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. ABOUT MORTENSONAs 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. Let’s Redefine Possible ABOUT MORTENSON DEVELOPMENTMortenson 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 OpportunityYour 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 NoteMortenson 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.Full timePosting Date: 2026-08-14