Efinancial

  www.efinancial.com
  www.efinancial.com

Efinancial Reviews

Updated October 13, 2014
Updated October 13, 2014
55 Reviews
2.7
55 Reviews
Rating Trends

Recommend to a friend
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Michael Rowell
15 Ratings

Review Highlights

Pros
  • great co-workers and staff, fun environment, (in 4 reviews)

  • Fun culture and positive work environment (in 5 reviews)


Cons
  • You have to pay for parking, or walk, and this is Eastgate, not downtown Bellevue, or downtown Seattle (in 4 reviews)

  • There were some guys that used to make money like that but they were all forced out or quit (in 3 reviews)

More Highlights

Employee Reviews

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  1.  

    Insurance sales - great experience - not for everyone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive in Bellevue, WA
    Former Employee - Account Executive in Bellevue, WA

    I worked at Efinancial full-time (more than an year)

    Pros

    This is great experience if you are looking to get into insurance sales (especially life insurance). The leads are provided (albeit some are much better than others, and which ones you get depends on how well you produce). The work environment is very laid back and friendly. The people I got to work with was the most satisfying aspect of the job. The work week was regular, with overtime paid if you decided to work weekends. They also pay for your nationwide licenses and licensing exams which is rare in the insurance industry.

    Cons

    There is a lack of transparency in upper management. Working hard does not always guarantee that you will make more money as leads are controlled. Although you will be able to obtain appointments with various companies, you are pushed to sell the products of the parent company, which seems to contradict the fact that you are, in essence a broker.

    Advice to ManagementAdvice

    Invest in your agents, they are the lifeblood of your company. While you undoubtedly boast some of the best technology in the insurance industry, high turnover and disgruntled employees does not bode well for the future. Make your compensation structure more easy to understand. When you ask your manager why you aren't getting paid and they don't know the answer, that is very bad for morale.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Pleasant Enough

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Efinancial full-time (less than an year)

    Pros

    When I was there, it was a fun, young company. Everyone worked hard and played hard. A good place to start a career.

    Cons

    Difficult to move up. The E-board was all friends and family. They didn't necessarily recognize all the talent they had hired. I was on the corporate side, so can't say much regarding sales, but there was significant turnover in the sales department.

  3.  

    Passive aggressive and morally wrong

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

    I worked at Efinancial full-time (more than an year)

    Pros

    - Great co-workers
    - some decent work events

    Cons

    - VP guilted employees to go to religious meetings. Was frowned on if you didn't
    - managers have no idea what you are doing or what your job should be
    - passive aggressive feedback
    - horrible pay
    - you can't even get a plastic fork around there let alone anything of value

    Advice to ManagementAdvice

    Be more transparent with your employees and start to put your employees feelings into account. A happy worker is a good worker.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Account Executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive in Bellevue, WA
    Former Employee - Account Executive in Bellevue, WA

    I worked at Efinancial full-time (more than an year)

    Pros

    Efinancial generates all their leads, no head hunting, coworkers are great people, easy way to start a career in sales

    Cons

    you'll be guilted into working saturdays, lots of turnover. the average agent lasts a year before he quits or is laidoff. easy to get burnt out, job is very repetitive. Pay is not great, management incentives are lame and extremely patronizing - for example, for closing a sale a manger might occasionally offer you $5 or a 5 hour energy...great thanks. sales reps are constantly monitored and treated like guiney pigs - they used to turn the lights off in the sales floor and make us work in the dark to see if sales would increase. no joke.

    Advice to ManagementAdvice

    upper management should say hello every now and then. show your reps you care. provide some actual incentives or wages if you want your agents to perform. a 5 hour energy is not going to make us work harder.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Unprofessional company that has the worst favoritism I have ever seen as far as which employees get good leads

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

    I have been working at Efinancial

    Pros

    They pay for you to be licensed in several states.

    Cons

    The hourly pay is minimum wage. They always have computer issues. You have to rely on commission if you want to make a living which normally wouldn't be a problem but if you're not one of their favorites you will have to struggle with the terrible so called leads they give you

    Advice to ManagementAdvice

    Know the products we sell in order to help employees do well. Also hire a training manager. You're not only wasting the employees time but also the companies money they spend on leads.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Efin is a very deceptive company, especially with their sales team!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Account Executive in Bellevue, WA
    Former Employee - Senior Account Executive in Bellevue, WA

    I worked at Efinancial full-time (more than an year)

    Pros

    -Decent Pay
    -Good Co-Workers
    -Good home/work life balance

    Cons

    -There's always a discrepancy between what you should be paid in commissions and what you actually get paid
    -Most managers are horrible and barely know their jobs
    -Horrible incentives
    -They change commissions structures at the drop of a dime which always results in less money in your pocket
    -I was a top producer at Efin, 2nd in the office, and I still was only close to hitting 100k. So, don't fall for the average agent makes 70-80k line they try to tell you. That's a complete hyperbole
    -Micromanagement

    Advice to ManagementAdvice

    Bring back good incentives and infuse the office with more fun activities!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Went downhill tremendously over last 2 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Account Executive in Seattle, WA
    Former Employee - Senior Account Executive in Seattle, WA

    I worked at Efinancial full-time

    Pros

    Good people on the sales floor, at least when I left a few months ago but I've heard even more has changed since then.

    Cons

    Just about everything now. USED TO BE great environment, great pay with lots of cash bonuses/prizes, good community with morning meetings every day, ping pong table, people encouraged to have fun and socialize as long as they got their work done. NOW its a micromanaged mess where you can't even go to the bathroom without being timed on your computer. Everyone was always paranoid they could be losing their job, no one was happy. They changed the comp plan so pay decreased for pretty much everyone, and no more cash bonuses. Lead quality went downhill - plus the leads are NOT distributed randomly by the dialer, so sometimes you can be hot and often times your not. Many people have been fired/quit this year because of all these changes.
    Little to no room for growth, but that was expected.

    Advice to ManagementAdvice

    Get it together!! Think about the employees...get morale back on track. Buy better leads and offer more incentives so people want to work harder while at the same time CAN work harder because there are decent leads to work on. Stop micromanaging employees every move, allow more freedom, and I bet you'll see they will work harder during the hours they are grinding.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    This place is a joke sometimes...

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

    I have been working at Efinancial full-time

    Pros

    Great co-workers
    Work-life balance

    You will meet some really awesome people here, a lot are very conversational and outgoing. Breaks are encouraged and you have a lot of autonomy on your workload.

    Cons

    "Glorydays" syndrome: Everyone talks about how much better the pay used to be before they got bought out by Fidelity and moral is low.

    Management doesn't always take problems seriously, but these very problems are the ones that inhibit bonuses regardless of hard work. They tell you to keep working around them, but they remain nonetheless and affect your pay directly when there's nothing you can do to solve it. Very Frustrating.

    Advice to ManagementAdvice

    Get some better management on the back end, this ship is sailing in the wrong direction.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Good pay but hard work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Efinancial

    Pros

    Pay is decent..benefits are decent but you have to work for it.. great opportunity for those who are starting in sales

    Cons

    No control over leads provided also no control over what policies actually get put in force... pay can vary drastically month to month

    Advice to ManagementAdvice

    Be more active with employees and listen to their needs

  11.  

    Great company if you're in sales

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

    I worked at Efinancial full-time (more than 3 years)

    Pros

    Professional but fun and somewhat laid back atmosphere. This is a job you can leave at the office when you clock out at the end of the day, which is always a plus. They host some fun activities and employee events which are always appreciated. Most management has a very liberal open-door policy and if they're in the office and not in a meeting. They treat their sales department very well with contests and incentives. They do offer room for growth, though it is limited in most areas and non-existent in a few.

    Cons

    If you don't work in sales you're considered to be the bottom of the heap and don't get the opportunity to earn any rewards. In sales they encourage and defend questionable and sometimes illegal sales practices which is even worse when you consider they're selling people life insurance and they may not realize they were duped until after they've paid or, worse, until their family needs to collect and can't. The other departments are rarely recognized for the work they do to help those sales agents meet their goals and they can put up with a lot of abuse. The benefit package is horrible, especially if you have a family as the amount you'll pay per paycheck will more than quadruple if you want to cover a spouse or a child (god forbid your whole family). Some departments could use more attention, more resources and more organization.

    Advice to ManagementAdvice

    Keep the open-door policy - it's nice to work for a company where you not only know the name of the higher-ups, but they know you. Make your sales department uphold the company's Core Values - it's not fair that they're not always held to the same ethical standards as other departments within the company. Consider a more family-friendly benefits package - all of your employees aren't young, single people without any obligations.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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