RAIT Financial Trust Reviews

Updated April 15, 2015
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2.8
5 Reviews
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Scott F. Schaeffer
3 Ratings

Employee Reviews

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  1. One of The Best Places to Work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriting in Philadelphia, PA
    Former Employee - Underwriting in Philadelphia, PA

    I worked at RAIT Financial Trust full-time (more than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very family oriented friendly people. Very Mom-friendly in terms of schedule flexibility. Great work-life balance. Lots of perks. I found it very impressive with how senior management was able to manage this firm quite well through a tough financial market. have nothing but optimistic outlook on the future of this company. Very inspiring group of people. Encouraging work environment.

    Cons

    The company is pretty small therefore it's very hard to move up. Career-wise you'll start to feel stuck after a few years. Much office politics, very male dominated culture. There are absolutely no women in senior level positions at this company.

  2. Treats employees like disposable pawns.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Leasing Consultant in Memphis, TN
    Former Employee - Leasing Consultant in Memphis, TN

    I worked at RAIT Financial Trust full-time (less than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Nothing comes to mind. When you first get hired, it might seem like a decent company, but after about a month or two it will become very apparent that they are incompetent and overly demanding.

    Cons

    Shady business practices that led to a multi-million dollar FEC settlement. Upper management seems to not be on the same page with each other. One person will tell you one thing, then another person will come along with something completely different. They have recently acquired an outrageous number of residential properties, which is causing a lot of problems associated with expanding too quickly. Many of the properties had problems during the acquisition that falls on the corporate management teams, but they have fired the on-site teams instead of realizing that it is a systematic failure at the corporate level. When they acquired properties in Little Rock, they fired the whole staff without even interviewing them or telling them that they would not be hired. The previous ownership said that it was some of their best employees, yet RAIT decided to let them find out they would not be hired from the mouth of their replacements.

    Advice to Management

    Slow down, get it together, realize that your employees are what makes you strong and not the other way around.

  3. Good life/work balance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive Assistant in Phila, PA
    Current Employee - Executive Assistant in Phila, PA

    I have been working at RAIT Financial Trust full-time (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very friendly staff and family oriented; good work/life balance

    Cons

    A lot of employees have been here for years and act like a tight group. Being new can sometimes feel uncomfortable because everyone knows everyone except you and you may sometimes feel like you're intruding on their time together because they are so close

    Advice to Management

    Be more open to letting people in

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  5. Great people, great environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Philadelphia, PA
    Current Employee - Anonymous Employee in Philadelphia, PA

    I have been working at RAIT Financial Trust

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Great group of people, working hard to make things work, with a high level of respect for work and life balance.

    Cons

    The company is still facing headwinds due to funding challenges in the capital markets. Management has been very good about dodging the bullets, but could do a better job laying out the future of the company to employees.

  6. Family oriented employee friendly company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Loan Servicing Specialist
    Former Employee - Loan Servicing Specialist

    I worked at RAIT Financial Trust

    Approves of CEO
    Approves of CEO

    Pros

    RAIT is an employee friendly company. The companies corporate culture does value a balance between work and life. When able the company is more than willing to reward employees for a job well done.

    Cons

    With the smaller employee base there are not many opportunities for advancement. Many employees have been with the company for a long time and so there is less of a chance to move up.

    Advice to Management

    There is a need for better communications between departments. Operational decisions need to be precise in meaning and distributed in writing so that all departments will be using the same guidelines.

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