Development Underwriting Associate

Job description

Real Estate Development Analyst Location: Dallas, TX Position Summary: The Analyst, Development Underwriting supports front-end feasibility underwriting for GPG's ground-up development and redevelopment pipeline, working primarily within existing development model templates. The role exists to take front-end diligence and modeling work off the plate of GPG's development leadership as the pipeline grows, freeing up senior team members to focus on the highest-value decisions. This is a close, high-interface working relationship with development leadership rather than an independent-ownership seat: the Analyst will work directly with the VP of Development day to day, with additional touchpoints from other members of the development and executive team as needed. Key Responsibilities: FEASIBILITY & UNDERWRITING Build and update development pro formas within existing GPG templates for ground-up and redevelopment opportunities. Underwrite feasibility of new opportunities, including sensitivity analysis on cost, timing, and lease-up assumptions. Support due diligence for land acquisitions and construction financing. MODELING & STANDARDS Work with development leadership to refine existing model templates, including building out new modules or functionality, and align them with evolving GPG standards. Maintain clean, organized models and files across active feasibility work. SUPPORT & COORDINATION Support market research on demographics, competing developments, and leasing trends. Assist with ad hoc reporting and analysis as the development pipeline and team grow. Qualifications & Experience: 1–3 years of experience underwriting real estate transactions. A genuine real estate background is required — development, acquisitions, brokerage, real estate private equity, and the debt/lending side are all strong paths, so long as the underlying experience is real estate. Comfortable working within, and helping refine, existing financial model templates. Strong Excel modeling skills. Exposure to Argus Enterprise is a plus; GPG is open to training the right candidate. Comfortable working closely with development leadership day to day, with the judgment to know when to flag issues versus resolve them independently. Strong written and verbal communication. Bachelor's degree in Real Estate, Finance, Economics, or related field. Core Competencies: Financial modeling & analysis: builds and maintains development pro formas within GPG templates with accuracy and attention to detail. Adaptability: picks up new tools and processes quickly, including Argus Enterprise as needed. Ownership within scope: manages front-end feasibility work reliably while keeping development leadership informed. Communication: clearly summarizes underwriting findings for development leadership. Benefits: Competitive base salary + annual performance-based bonus 100% Employer paid medical, dental, vision, and life insurance for employee Flexible Spending Accounts (FSA) 401(k) with a 6% company match 3 weeks of PTO per year, plus 5 sick days 12 company paid holidays Our Values: Gillon Property Group expects all employees and leaders within the firm to embody the following values. Stewardship is the lens through which GPG practices all five. INTEGRITY: We do what we say we’ll do. We uphold the highest ethical standards and make honest decisions grounded in long-term stewardship for future generations. EXCELLENCE: We share an obsession with delivering top-tier results, exceeding expectations through outstanding quality and disciplined focus over haste. HUMILITY: We lead by listening. We value diverse perspectives, acknowledge our limitations, and create a culture of mutual respect. INNOVATION: We challenge convention and embrace new ideas. With creativity, evolving practices, and modern technologies, we continuously improve how we invest, build, and operate. PASSION: We bring energy, accountability, and joy to our work. Our entrepreneurial spirit, love for our families, and sense of purpose shape a culture where people thrive. Why join Gillon Property Group: This is an opportunity to learn development underwriting directly from GPG's development leadership, on a real, funded pipeline rather than theoretical exercises. The Analyst hired into this seat will work in close daily partnership with the VP of Development, with room to grow into broader responsibilities as GPG's development pipeline and team expand. Company Overview: Gillon Property Group is a Dallas-based commercial real estate investor, developer, and operator with a distinguished track record of identifying and creating value in premier mixed-use, retail and other commercial assets across diversified asset types. We are a vertically integrated, entrepreneurial organization committed to excellence, integrity, and long-term partnerships. The company's Mission is “To drive long term values by making great places for people”, and its Vision is to “Be the best commercial real estate Investor, Developer, and Operator in the world.”