Senior Financial Analyst, Commercial Development

Our Company

Signorelli is a privately held, vertically integrated real estate company headquartered in The Woodlands, Texas. Founded in 1994, we work across land and community development, homebuilding, commercial and multifamily development, leasing, operations, and long-term ownership. Our teams recognize opportunities, solve complex challenges, and bring specialized capabilities together to shape connected places. The work we do creates opportunities for people, businesses, and communities and supports growth built to last. Join Signorelli and help shape what Texas communities can become.

Our Values

• Integrity: Do What’s Right. Take Ownership.
• Growth: Keep Learning. Keep Moving Forward.
• Innovation: Think Differently. Challenge Assumptions.
• Vision: See the Path Before It Is Fully Formed.
• Excellence: Raise the Standard.

Position Mission

The Senior Financial Analyst for our Commercial Development team provides rigorous financial analysis and underwriting to help evaluate, finance, and execute real estate development and acquisition opportunities. This role builds and maintains decision-ready project models, tests the financial impact of key assumptions and risks, and translates complex analyses into clear recommendations for division leaders and other stakeholders. The position supports disciplined capital allocation across the development lifecycle, from early opportunity evaluation through financing, execution, and ongoing performance review.

Essential Duties

Development Underwriting and Investment Analysis

• Independently develop, maintain, audit, and reconcile complex project-level financial models for commercial real estate acquisitions, development, redevelopment, and investment opportunities, ensuring accuracy, consistency, and decision-ready outputs.
• Underwrite property-level and tenant-level operating economics, including rent rolls, lease structures, recoveries, tenant improvements, leasing commissions, occupancy assumptions, stabilized NOI, and yield on cost.
• Evaluate investment performance throughout the asset lifecycle, including acquisition, development, stabilization, refinancing, and disposition, using project and equity cash flows, IRR, equity multiples, yield on cost, and other relevant return metrics.
• Prepare base-case, downside, and sensitivity analyses to show how changes in costs, schedule, pricing, financing terms, and other key assumptions affect project feasibility and returns.
• Analyze joint venture and fund economics, including capital contributions, distributions, preferred returns, promote structures, and waterfall scenarios.
• Identify key underwriting assumptions, open diligence items, and material financial risks; coordinate with development, acquisitions, land, construction, legal, and other partners to validate inputs.

Project Budgets, Forecasts, and Performance

• Develop and maintain project-level sources and uses, development budgets, cash flow forecasts, capital expenditure schedules, and funding projections, identifying peak capital requirements, carrying costs, and key liquidity considerations.
• Monitor project performance against underwriting, budgets, and forecasts, analyzing lease-up, operating cash flow, debt service, carrying costs, and material variances.
• Support consolidation and reconciliation of project-level forecasts into division-wide development pipeline, annual budgeting, and long-range capital planning analyses.
• Monitor project-level debt, equity, and other funding assumptions, including draw timing and financing costs, in coordination with project and finance partners.
• Maintain clear model documentation, version control, and supporting assumptions so analyses can be reviewed, refreshed, and relied upon by decision-makers.

Capital, Financing, and Stakeholder Support

• Support debt underwriting, lender packages, refinancing analyses, and capital structuring, including loan sizing, LTV/LTC, DSCR, debt yield, interest reserves, amortization, curtailments, and financing sensitivity analyses.
• Review and summarize key financial terms of loan agreements, term sheets, and financing proposals; track debt maturities, covenant requirements, and material financing obligations in coordination with Finance, Accounting, and Legal.
• Prepare clear, concise, executive-level financial analyses and presentations for senior leadership, investment decisions, lenders, equity partners, and other stakeholders, translating complex underwriting into key conclusions, risks, and recommendations.
• Analyze public and district-based financing or incentive structures relevant to projects, which may include Opportunity Zone funds, management districts, Municipal Utility Districts, TIRZ, and sales-tax agreements.

Decision Support and Process Improvement

• Independently identify modeling errors, unsupported assumptions, inconsistencies between financial schedules, and gaps in source information; proactively resolve issues and recommend appropriate adjustments before analyses are circulated.
• Take ownership of assigned financial analyses from initial scoping through completion, coordinating required inputs, communicating outstanding items, and delivering accurate work products within established deadlines.
• Gather and assess market, industry, and competitive information relevant to project assumptions and investment decisions.
• Perform other related duties and projects as assigned.

Experience

• Bachelor’s degree in Finance, Accounting, Economics, Real Estate, or a related field.
• 4+ years of relevant real estate finance, development underwriting, acquisitions, or investment analysis experience.
• Commercial real estate development or land development underwriting experience strongly preferred. Experience in real estate private equity, investment banking, or fund analysis is also valuable.
• Demonstrated experience building and reviewing complex financial models and analyzing investment returns, project cash flows, and financing scenarios.
• Experience with joint venture, fund, or promote waterfall modeling preferred.
• Exposure to Argus preferred.

Skills & Talents

• Advanced Microsoft Excel skills, including building flexible, well-structured models and using complex formulas; VBA, macros, or other automation skills are a plus.
• Strong command of real estate investment and development concepts, financial statements, cash flow analysis, and return metrics.
• Strong analytical judgment, attention to detail, and ability to independently validate assumptions, identify errors, and evaluate financial risks.
• Ability to manage multiple priorities, take ownership of assignments, and deliver accurate work under tight deadlines with limited supervision.
• Clear, concise written and verbal communication, including the ability to present complex findings to non-financial partners.
• Effective collaboration and relationship-building skills across development teams and with external professionals.
• Proficiency in Microsoft PowerPoint and other Microsoft Office applications.

Physical Requirements

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.

Signorelli is an equal opportunity employer. We consider all qualified applicants without regard to any status protected by applicable federal, state, or local law. We are committed to a respectful and inclusive workplace where team members can contribute and grow.

If you need a reasonable accommodation to apply or participate in the hiring process, please contact Human Resources at (713) 452-1700.

This job description describes the general nature and level of work performed. It is not intended to be an exhaustive list of all duties, responsibilities, or qualifications. Duties and responsibilities may change or be reassigned to meet business needs.