2022 restructuring was Toxic. No work-life balance.
Pros
The project analysts were collaborative, positive, diverse and wonderful to work with, and to manage. They went above and beyond to meet even the most unrealistic deadlines and helped in every way possible to meet team goals. The leadership which was laid off in the restructuring were also very strong leaders who cared about their employees and about the financial accuracy of these projects. The financial systems were decent, though the amount of comments required is more excessive than if project teams were to more directly own the forecast instead of running numbers through this KEI process.
Cons
In 2021 and 2022 project finance underwent a restructuring to remove decades of experience from VP and directors roles in order to strip project finance from its ethical leaders and to align them under the business unit CFO to find ways to achieve target revenues. The leadership from the highest level through the process was nonexistent, while reducing the month end close deadlines, and offering no guidance or support to do so (especially since all the leaders that knew the systems and previously to made decisions had been fired). My team of 10 project analysts consistently worked 12+ hour days to meet the shortened MEC deadlines, while I worked even longer to support them. Non existence work life balance in this era. The team I managed had excessive turnover, which worsened after I left mid 2022. The manager incentive plan bonus was not funded the year I was there. Pressure to hit financial targets from executive leadership was toxic and overwhelming. Easily the worst work environment in my decade+ experience of CRO Operations Finance. PTO: is undefined. Flex/unlimited is harder to request time off than having a defined number of weeks. Training new hires was completed by overworked analysts primarily.
