Pensco Trust Company
PENSCO Trust – Denver, CO
We are seeking a Sr. Software Engineer. The ideal candidate is responsible for delivery of solid software… TheLadders.com
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“Always encouraging innovation, Pensco helped me to fine-tune my career while keeping us ahead of the competition. ”
- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Pensco Trust Company full-time (more than 3 years)Pros
Regardless of office location (SF/Denver/Portsmouth), Pensco is a work hard, play hard firm that pays off if your willing to hold up your end of the deal. I moved to Pensco from one of the "big four" banks seeking to be part of a company that had the agility required to keep pace with change in a sector where technology matters more and more every day. Pensco was, and remains the leader in the self-directed retirement space.
Though I spent several years at Pensco and gained some decent seniority, Pensco is highly competitive relative to financial firms in its respective territories for new hires as well. Being a smaller firm (< 500 employees), Pensco's initial PTO structure likely ranks above comparable firms.
Pensco's 2012 purchase of Lincoln Trust Company's self-directed retirement business included the acquisition of a technology platform years in the making, allowing the combined entity to provide the types of service offerings (largely related to online account management) that today's clients demand.Cons
Nothing major. The company hit a rough patch for approximately 6 months in 2012, a period of stabilization, following the acquisition mentioned above. They tripped over their own feet a few times trying to solve for issues such as a surge in inbound call volume, and clients dealing with new addresses for communicating with the joint entity. When I left in January of 2013, things were pretty much back to normal.
I personally wanted to broaden my exposure to emerging technologies. Though I was the Finance Operation Manager, my role was very IT centric. I worked out of the San Francisco office...and if you're in the Bay Area, then you know that jumping companies after 4-5 years "just because" is pretty standard. I am now a Business Intelligence Manager in the Education Management sector (see--totally different!)Advice to ManagementAdvice
While broadening your service offering with new products helps to differentiate Pensco as the premier player in the self-directed space, be sure you continue to approach such offerings strategically to ensure the existing client base does not suffer as a result of reduced resources. I've got high expectations for the organization as a result of the restructure that was carefully executed by Kelly Rodriques and Pensco's executive management over the past 1 1/2 years.RecommendsPositive OutlookApproves of CEO