Vantaggi
Floating holiday on your Birthday and around the Holidays Department pays for a CA event 1-2 times a year Ability to progress quickly within department Great place to start a career as you will get experience with multiple loan types and various structures. You will not be bored, a great job if you love to be constantly challenged! If you work in Denver you get a parking spot downtown and coworkers in the branch are awesome, go out for happy hours, to baseball games, etc…. Great if you are new to city.
Svantaggi
The credit department has shifted since Covid and has experienced department changing turnover: resulting in continued stress for the team. After progressing through department there are limited opportunities for growth or pay increases. Pressure from loss of personnel has lead to a few corner cuts and means analysis is more dependent on just getting it out the door than truly considering all risk factors. A drive for productivity leads to constant worries about meeting quotas and impacts analyst/lender relationships as time/need to turn files becomes priority. Stressed managers have lead to crumbling relationships with existing analysts; demotion, termination, gossip, pettiness has driven the team over the last year and created a toxic and unfriendly atmosphere. You get the feeling you are being watched for mistakes and that there is not trust placed on analysts from managers, some officers or other departments. The role is heavily micromanaged and a successful analyst most be good at taking feedback for all aspects of their job. You will often run into inconsistent direction/underwriting practices.