Over the pat 2-3 months, our client account has complete fallen apart. Due to the government shutdown, they didn't receive their normal subsidized funding and had to use their own money to bridge the gap. They were unable to fund us for services, thus we terminated the contract with him. We're talking millions of dollars.
Typically accounts get 180 days of notice, but due to the circumstances, we all got 30 days. The last day is February 21st. I've been applying feverishly since and have two offers on the table at the end of the week. I'm very conflicted, but know i have to choose one.
Offer #1:
Pros:
- Lesser title of senior financial analyst, but only 5% less pay at $84k + 10% yearly bonus.
- Fully remote, no travel at all.
- Current manager and director are moving up in a few months and they need someone to be able to fill the finance manager role at that time and said it would be me.
- My current director/supervisor got this one moving as the account is moving under her watch in a month.
Cons:
- Position is "temporary" as their client is going through some mergers themselves. I'm not sure how long or how that plays into the above path to the manager position. I'm going to ask how "temporary" it is - if we're talking weeks, months, or a year.
- I've been told by all the interviewers the client is very demanding. Work hours are 50 hours per week minimum and could be 60-70. This was before the below happened...
- The base financial analyst recently left right after they interviewed me. They're down another person. This senior financial position as been open since September and they haven't been able to fill it.
- Workload is weekly reconciliations and and closing the books weekly. It sounds nuts, but client wants a financial position every Friday. Workload seems like it would get boring very quick. Could be why the base FA just left.
- The account has a contract renewal coming up in a few months. There's always a chance this account could not renew.
Offer #2:
Pros:
- Move up to senior finance manager. Not sure of pay yet as the offer is coming in this upcoming week. Would most likely be a decent increase to $100k and a 15-20% bonus.
- Position is remote, might involve some quarterly travel to client site for meetings. Confirming on this.
- Contract renewal is only in 3-4 years, so there's plenty of time until that's at risk.
- Workload appears to be less. They haven't stated the hours, but it appears it would only be 40 hours a week.
- Person I've been replacing has said the financial end of things is smooth.
Cons:
- Client is demanding, confusing, and "challenging". They said sometimes they'll say one thing, go back on it. You have to document emails and get double confirmations in writing.
- Client was unhappy with the relationship. Main client contact is a former employee of my company and requested it be moved to another division to improve the relationship. She's said she does want the relationship to succeed.
- Employee turnover on the account is high. I'd be replacing the only person on the account since inception in October 2017. Everyone else in leadership and finance has left or mover on in about 1-1.5 years. This person is moving on to be a director for another division. The financial analyst under me was replaced about a month ago after the previous one left.
- Current manager says her only duties right now are "putting out fires" and doing the corporate finances. I do the corporate finances on my account currently and they take approximately 3 days of the month.
Which one would you lean towards and why? I'm leaning towards the senior finance manager because the FA position is temporary. Even if this is for 6 months, I'd be looking again. Both seem like demanding and chaotic environments. The workload of "50 hours minimum" on the senior FA position scares me. It sounds like 60-70 hours a week isn't out of the question.
I do want to stay in the company as this has by far been the best paying and best functioning company I've ever worked for - but these two accounts feel like they have challenges. Since an offer is on the table, I would not get severance at this point.
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