Primatics Financial Manager Reviews | Glassdoor.co.in

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Primatics Financial Manager Reviews

Updated Aug 17, 2015

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Found 7 reviews

2.3
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26%
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Primatics Financial CEO Kwang Sin (no image)
Kwang Sin
0 Ratings
  1. Helpful (13)

    "Heed all the warnings posted here- You have been warned"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook

    I worked at Primatics Financial full-time

    Pros

    Flexible work schedule, great staff below Director. Most people just waiting for other shoe to drop ( aka the earn-out) before exiting. Lots of openings as many of the recent hires ( in last 2 yrs) quitting. If you are on a project run by a founder - rules/SOP will not apply to you but you will work 60 hrs/week.

    Cons

    Read all the postings on Glass-door - there is a theme. For a company of its size the firm is surprisingly very political and senior management is incompetent. The majority of VP and Directors have only worked at Freddie/Fannie which only adds to the bad habits and haphazard way in which they apply processes. Work/life balance is very poor.

    Advice to Management

    To Carlyle: Get rid of founders and 75% of VP and Directors - then re-build.

    Primatics Financial2015-08-17
  2. Helpful (7)

    "Lack of Opportunities"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Primatics Financial full-time for more than 3 years

    Pros

    Depending on who you work with there may be work life balance.

    Cons

    The company operates in a very niche space that thrived on banks acquiring distressed assets. This worked when the economy was in downturn but they have not been able to maintain clients and get new one's as the economy improves. So there are few opportunities for learning something marketable and to enhance one's personal resume. Whatever opportunities do exist are promptly shared, not on merit but favoritism as... other reviews suggest. That also means reviews are a formality to justify ratings rather than to be used for development. For a 200 small company it is extremely bureaucratic and senior management does not communicate properly with each other resulting in multiple meetings at low level whose sole purpose is to get everyone on the same page over and over again. The VP of the biggest resource group believes that only top performers should be career coached. She used to famously say that in a group setting during reviews...that we should spend time coaching only the top performers who hold promise. As the product name suggests, technology is evolving all the time and that also works as a caveat for when technology does not work.

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    Advice to Management

    Your tier 2 managements do not talk with each other and are not as open as the founders were / are. Hence resources are not satisfied.

    Primatics Financial2013-10-04
  3. "Great place to learn and grow"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Manager in McLean, VA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Primatics Financial full-time for more than 5 years

    Pros

    I have worked at Primatics for over six years, what I enjoyed most was that the people there are very smart, driven and even fun to work with. Working in technology I appreciated how they embrace innovative technology quickly. Working in an environment like that made it a great place to learn.

    Cons

    It has become much more difficult to get things done quickly and efficiently as we have grown.

    Advice to Management

    With the talent level you have hired and grown I think a flatter organization maybe more beneficial and help paint a clearer vision at all levels.

    Primatics Financial2013-10-01
  4. Helpful (9)

    "Used to be great"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Primatics Financial full-time for more than 3 years

    Pros

    First, the biggest advantage of working at Primatics is that you are working with really smart people. Everybody says that but here you are really working with people with very high IQs Second, the executive management is really interested in fixing problems. Most of the senior management are made up of very analytically oriented people. Once you get them to take notice of a problem, they will find a solution.... You do not find "check-the-box" kind of management here. The executive managers are deeply deeply interested in solving problems and moving the company forward Lastly, the company combines technical expertise with business expertise. There are a lot of experts here, and you can learn a lot

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    Cons

    I've been at Primatics for 4 years. Over the past 4 years the growth has exploded and Primatics was bought over by the Carlyle group. As Primatics has grown, it has gone from being more people-oriented to being more process-oriented. Also, unfortunately, since Carlyle bought Primatics, everything is going downhill. Yes, when they first came on board, the company line was "Carlye is not telling us how to run the... company. They are just advising us", which sounded like doublespeak, and it was Cost cutting:- The company is focused too much on cutting costs. Cutting costs is important but it would be better done organically. The execdutive managers who used to be domain experts have become bean-counters. The way costs are being cut is not right. A lot of the responsibilities are moving offshore because offshore looks cheaper on paper. The problem is offshore is not ready. There are a lot of inefficiencies assosciated with offshore that are not readily apparent on paper. Onshore employees are being laid off, and IME, tenured mediocre employees are being kept while newly hired top performers are being laid off. A lot of good people are leaving. Last 3 quarter the company has consistently said there will be no layoffs, and there have been layoffs every quarter. No one trusts them now when they say "there are no layoffs". Yeah there are going to be layoffs, and it might be me next time. Time to update my resume! Finger pointing:- A side effect of the layoffs is that finger pointing among the middle management is on the rise. No one wants to look bad, so they point fingers at the other team. Everyone used to work together here before Carlyle Egos:- a side effect of having really smart people is their egos. Especially on the technical side, different people are pulling the ship in different directions. There is no captain.

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    Advice to Management

    Stop bean-counting

    Primatics Financial2013-08-08
  5. "Great Company!"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in McLean, VA
    Recommends
    Positive Outlook

    I have been working at Primatics Financial full-time for more than 3 years

    Pros

    Growing company. Challenging and stimulating projects. If you work hard, you will be rewarded. Loads of opportunity. Very smart people. Constant change, which is great!

    Cons

    Fast paced growth, so be prepared to put in extra time - but that is required for career growth anywhere. Office in an expensive neighborhood.

    Primatics Financial2012-10-18
  6. "Great place to work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in McLean, VA
    Recommends
    Positive Outlook

    I have been working at Primatics Financial full-time for less than a year

    Pros

    I have found Primatics to be a great place to work. It's a rapidly growing company with an innovative and entrepreneurial culture and a tremendous work-life balance. My colleagues are brilliant, management is approachable and open to new ideas. The compensation and benefits are very generous, and the company gives back to the community. What more can you ask for!

    Cons

    I have not found any notable cons to working at Primatics. It is a young and growing company so obviously, there is still room to grow as far as putting systems and structure into place.

    Primatics Financial2012-10-04
  7. Helpful (5)

    "worst leadership of any small company out there"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager in Washington, DC
    Doesn't Recommend
    Negative Outlook

    I have been working at Primatics Financial full-time for more than a year

    Pros

    good pay - no bonus (although they promise). Some smart young people working there.

    Cons

    incredibly bureaucratic for a small firm, senior management are all friends of the founders and are not held accountable for any misgivings. They hire only from James Madison so it's really one big fraternity - not as professional as it should be.

    Advice to Management

    remove senior management -- and hire some talented people using equity as a motivator

    Primatics Financial2012-10-11
Found 7 reviews