Development Underwriting Analyst

Gillon Property Group; Dallas (TX); On-site; USD 70,000 - 110,000; Full time

Job summary

Gillon Property Group in Dallas is seeking a Development Underwriting Analyst to work alongside our VP of Development on front-end feasibility underwriting for ground-up development and redevelopment pipelines. This role provides rare direct exposure to senior leadership and the opportunity to shape the models used across the team.

You will build and update development pro formas, underwrite feasibility, support due diligence, and drive improvements to templates and standards as the platform

Qualifications

• 1–3 years of experience underwriting real estate transactions.
• Strong Excel modeling skills.
• Exposure to Argus Enterprise is a plus; training provided.
• Bachelor's degree in Real Estate, Finance, Economics, or related field.

Responsibilities

• Build and update development pro formas for ground-up and redevelopment.
• Underwrite feasibility with sensitivity analyses on cost, timing, lease-up.
• Support due diligence for land acquisitions and construction financing.
• Collaborate with development leadership to refine model templates.

Skills

Excel modeling

Real estate underwriting

Written and verbal communication

Financial analysis

Education

Bachelor's degree in Real Estate, Finance, Economics, or related field

Tools

Argus Enterprise

Job description

Development Underwriting Analyst

Location: Dallas, TX

Gillon Property Group (GPG) is a Dallas-based commercial real estate investor, developer, and operator, and the exclusive real estate platform of the Washburne family (fourth and fifth generation descendants of H. L. Hunt). For decades, the family has built a portfolio around one idea: driving long-term value by creating extraordinary places that enhance people's lives.

That shows up across some of the most iconic destinations in the country — Highland Park Village in Dallas (est. 1931), Country Club Plaza in Kansas City (est. 1922), Watters Creek Village in Allen, Texas, and Knox Street in Dallas, among more than 81 properties that have passed through the firm's hands. GPG's reputation was built on white-glove, in-house operations in retail and mixed-use, paired with a genuinely long-term investment horizon — at Highland Park Village alone, sales have grown from $500 to $3,000 per square foot since acquisition.

GPG invests with a principal-investor mindset: disciplined, long-term, and fundamentals-driven, often taking on complex transactions other firms shy away from. It's a rare combination — the ambition and institutional quality of a much larger platform, with the agility and culture of a private, family-stewarded company.

Position Summary

The Development Underwriting Analyst will work side by side with GPG's VP of Development on front-end feasibility underwriting for GPG's ground-up development and redevelopment pipeline — real, funded projects, not theoretical exercises. This is a rare level of direct access for an analyst-level seat: daily exposure to how a senior development leader actually evaluates a deal, with the chance to help shape the models and standards the broader team will use going forward.

As GPG's pipeline grows, so will this role — the Analyst is expected to take on broader responsibilities over time, with a clear runway to grow alongside the platform.

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
• Strong Excel modeling skills.
• Exposure to Argus Enterprise is a plus; we will train 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.