Pros
1) Gained responsibility for managing a portfolio of distressed assets. 2) Improved managerial skills by training analysts. 3) Expanded knowledge with various asset classes. 4) Improved multitasking and efficiency skills given the workload and fast paced nature of the work environment. 5) Exposure to senior mgmt and decision makers through credit committee presentations. 6) Friday lunches are free and provided by company. 7) Travel involved with position.
Cons
1) Was a good place to work prior to the change in ownership, which seemed to trigger the ineptitude of senior mgmt, yielding a myriad of unexpected and dissatisfying changes. Prior to the change in ownership, although the workload was still heavy, there was some sort of promotional structure in place and there were enough people to do the work. 2) Constant changes and fluctuations in organization structure lead to employee dissatisfaction and unease. It is concerning when the president also makes remarks that shows he doesn't know what direction the company is headed in. 3) Unimpressive management who appear to do no work, have poor communication skills and make no decisions that are in the best interest of their employees. 4) Very top heavy management with majority of promotions only at the analyst and associate level, leading to meaningless titles. Flat structure currently in place where a Managing Director does the same work as an analyst. 5) Owned by stressful private equity firm and management is clearly a puppet of the ownership. 6) Compensation this year did not reflect what senior management was indicating it would despite all of the hard work and fees brought in. No incentive to work or get modifications done. 7) Last minute fire drill underwriting projects. 8) Watching senior management eat lunch in front of you at monthly asset review meetings, while you are not allowed to eat at all (they will send a mean email if you do). 9) Decisions made were not always in the best interest of the bondholders. Fiduciary responsibility does not have a simple meaning anymore. 10) Muddying well publicized Special Servicer duties and responsibilities by purchasing brokerage and management companies. 11) Spent way too much time focused on "being in compliance" rather than working the loans, in order to avoid nasty gram emails and chastise. Many threats to compensation (meaningless) if various compliance measures were not met.