Risk Management Solutions Reviews

Updated August 28, 2014
Updated August 28, 2014
162 Reviews

3.2
162 Reviews
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Risk Management Solutions President Hemant Shah
Hemant Shah
114 Ratings

Review Highlights

Pros
  • Good work life balance,ample growth opportunity if you are a self learner (in 15 reviews)

  • meritocratic organisation - smart people do well (in 11 reviews)


Cons
  • Catastrophe modeling is a smaller industry so over-specialization may be an issue (in 3 reviews)

  • Communication between the different groups/departments is poor (in 3 reviews)

More Highlights

47 Employee Reviews Back to all reviews

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  1. 18 people found this helpful  

    RMS(one) becomes RMS(none)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Newark, CA
    Current Employee - Anonymous Employee in Newark, CA

    I have been working at Risk Management Solutions full-time for more than 3 years

    Pros

    Free weekly lunch and good snacks. The flexi hours were good but are soon going

    Cons

    Last week RMS took actions that will ensure their success on the path towards RMS(none). The majority of the Software Development group was laid off, with the plan of hiring a small non-Silicon Valley consulting firm to build PaaS. Basically replacing everything that was built over the last 3 years. "Despite struggling for three years, lets start from scratch and build something bigger and more complex in one year" is the new gameplan.

    Among the laid-off people was the leading data model architect, who has built a working solution used by a major reinsurer, and the QE lead that had been with the company for 14yrs, and who knew all the products in and out. Unfortunately she made a blunder - she questioned the management and was added to the lay-off roster. The list continues to grow based on non-merit criteria, including letting go a pregnant female from Product Management who understood what clients need but "wasn't liked" by Senior Management. Her replacement is a Product Manager from a mapping company without an insurance background - but is a perfect fit because he is liked by the right people.

    The grand finale was laying off dozens of immigrants that RMS hired from overseas on false promises - now they have 6 days to find a new employer to sponsor them, or pack their bags and return to their home countries. Despite the mass lay-offs, the Cloud Operations and Consulting teams were not impacted at all. It is not clear what exactly they are operating in the cloud, or consulting about. No surprises there though; the reason they were spared is that their C level is the new favorite toy.

    Advice to ManagementAdvice

    Hemant needs to take responsibility and step down, we need a real leader with true experience.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 21 people found this helpful  

    Lack of Accountability from Senior Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Analyst  in  Hoboken, NJ
    Current Employee - Risk Analyst in Hoboken, NJ

    I have been working at Risk Management Solutions full-time for more than a year

    Pros

    Lots of learning to be had for someone who would like experience in the Insurance/Reinsurance Cat Modeling Business

    Cons

    Large iniative to roll out new flagship product RMS One, bombed in Apri 2014. Since then, the CEO has repeatedly said that he is ultimately responsible numerous times. Meanwhile, he has begun major layoffs. I witnessed, just today, at least 10 people in my off be walked out. The company can afford to pay for lunch every Wednesday, keep a fully stocked free snack bar, pay in for a company perks plan and the other numerous programs that wasteful spending is done on, and they can't afford to pay employees? They knew this was a problem in April, and yet continued to hire more people; including paid graduate interns. This company has proven its just like every other company. For all the lip service about valuing employees, at the end of the day, employees don't matter at all.

    Advice to ManagementAdvice

    Buck up and take responsibility for your mistakes. Hemant Shah should step down or be terminated for his complete and utter failure as a leader.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 14 people found this helpful  

    Poor C-level leadership besides CFO

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Manager  in  Newark, CA
    Former Employee - Operations Manager in Newark, CA

    I worked at Risk Management Solutions full-time for more than 5 years

    Pros

    It was fun till operations started hiring to support new cloud initiative.

    Cons

    Product in the cloud will not work, poor choice in the future. Too much data, security issues and stability will be a problem for RMS one to work.

    Advice to ManagementAdvice

    Retire and ride off into the sunset.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 14 people found this helpful  

    Layoffs !!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Software Engineer  in  Newark, CA
    Former Employee - Senior Software Engineer in Newark, CA

    I worked at Risk Management Solutions full-time for more than 5 years

    Pros

    - lunch and snacks
    - free gym, and shuttle to bart station

    Cons

    - They laid off half of the organization (includes Software engineer, QA, HR, Product Management)
    - RMS (One) is failure and now they are trying to re-build it using open stack
    - They don't know what platform they wanna build
    - No vision
    - Hiring and firing company (some engineers were hired 6 months back and now they got laid off)
    - After laid off they only gives 6 days for H1b people to find a new job

    Advise: don't join this company ( they will try to give you more money and after some time you will get laid off or get fired) before joining this company please talk to some one who worked for RMS in past.

    Advice to ManagementAdvice

    Don't hire and fire

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 15 people found this helpful  

    Company is loosing it's edge and only have themselves to blame

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Risk Management Solutions full-time for more than 3 years

    Pros

    There are lot of smart people here to work with. Plenty to learn - catastrophe modeling, insurance domain, cutting edge technologies. Competitive salaries and benefits.

    Cons

    Too much politics. The company does not value it's people or their contribution towards the company. The entire company worked really really hard to deliver their flagship product on the cloud and now they have changed their mind. This has caused lot of frustration in the people and the whole thing is handled so bad there was not even a communication from upper management as to why the product cannot go live. It may as well be just a big political move who knows. Now they are starting from scratch and who knows if this new thing that they are building will see the light of day or not.

    Advice to ManagementAdvice

    Stop the reorgs - that's not your problem. Changing the hierarchy or the people will not solve the problem here. What you need to do is stop the atrocious politics going on in the company. You have lost enough good people and you cannot afford to loose more. Stay focused on what you want to do and take another look at RMS(one) that you have in your backyard before going to build a new one - it has lot of potential.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 3 people found this helpful  

    Overall a good company for the previous five years

    Former Employee - Senior Software Engineer
    Former Employee - Senior Software Engineer

    I worked at Risk Management Solutions full-time for more than 5 years

    Pros

    Able to learn a lot of new technologies. They are keeping changes with different new things.

    Cons

    Recently went through some changes due to financial issue.

  8.  

    There are lot of opportunities to learn and grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Risk Management Solutions full-time

    Pros

    Interesting line of business. Overall compensation is good

    Cons

    No work life balance and no vision

    Advice to ManagementAdvice

    Please have some vision before hire people and keep good people with domain knowledge. Make sure every employee has work and life balance

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 25 people found this helpful  

    Starting to fall apart.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Risk Management Solutions

    Pros

    Colleagues have great connections with one another on a personal level which makes the day fun. However, most people either do not know how to perform their job or are stifled by management who has their own agenda or idea of how things should be run even though they have been with the company a very short time or have never actually worked a related position.

    Cons

    Management having their own ideas and not consulting with the people who actually do the work to see if their ideas make sense or even add value. Just like Rms(one) which was created upon ideas that the internal creators thought would be "cool" without properly consulting clients, projects pop up internally all the time that do not add true value. OWL for instance a poor excuse for a good idea had way to much money and time spent for something that already existed on rms.com... Managements defense here was that they pitched the idea to clients who said they would like it if they were given it... Of course the client is going to say yes they would like it... Its like offering the client a ferrari however all they need is a standard car... Not to mention OWL is a lemon and has many more issues then the "standard car" the clients had been using.

    Advice to ManagementAdvice

    I could go on but ill just leave it at this... Please consult your employees who actually carry out the work before trying to implement new ideas and projects.

  10. 20 people found this helpful  

    “They said it couldn’t be done.” Well they were right.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Risk Management Solutions full-time

    Pros

    - Nice facility and campus with amenities (gym/cafeteria)
    - Location makes for easy commute
    - Compensation is fair
    - Training/certifications are encouraged and supported
    - Exposure to a variety of technologies which are marketable in the industry

    Cons

    - Company is top heavy with management. Too many layers which are often redundant and ineffective. Creates huge disconnect between management and the people who do the actual work.
    - Management is rife with blatant nepotism, politics, and backstabbing sycophants.
    - Company culture can only be described as CYA.
    - Turnover is VERY high, so much so the actual percentage is too shameful to even discuss internally.
    - No work/life balance, although this largely depends on your function/management so ymmv.
    - Low performers are not reprimanded or terminated soon enough.
    - Quality of recent hires speaks to the desperation and poor hiring practices of the company. Hiring managers are blinded by keywords in a CV. Candidates are frequently offered compensation and job titles they don't deserve in order to reel them in, much to the chagrin of existing employees.
    - More money and energy were wasted on the marketing and branding of the overhyped Rms(one), rather than the development and quality of the product itself. Any surprise that go live flopped?
    - Overall morale feels very low. Get an honest answer from anyone who’s been there a while and they’ll tell you how much they’re hating life.

    Advice to ManagementAdvice

    Rms(one) was too ambitious for its own good, at least in the timeline given.. but this is unfortunately nothing new at RMS. Focus on your people and the quality and integrity of your products, and maybe the rest will follow.

    Took a cue from the last reviewer and left - I highly recommend it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 11 people found this helpful  

    Politics politics & only politics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer  in  Newark, CA
    Former Employee - Software Engineer in Newark, CA

    I worked at Risk Management Solutions full-time for more than 5 years

    Pros

    Other than free Thursday lunch and free sodas I do not see any pros in this company

    Cons

    Senior management very incapable to provide a vision to its people. The product management team has no clear idea of the product they want to make. The CTO kept on giving false updates to the higher management, and when the product was supposed to be delivered it was found that the product was not complete with lots and lots of bugs. In last 2 years the CTO has always given provided absolutely scripted demos to the client without exposing the bugs and issues of the application. This even cost his job in the end

    Very average senior management and few senior SVPs believe in divide and rule policy. No cohesion between teams and each working to prove who is superior against the other. Absolute pandemonium and I wonder how few managers are software managers and not politicians !!!

    Advice to ManagementAdvice

    The CEO is good a good man but he has no clues what is going inside. Fire few more senior management else the company is doomed

    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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