FHLB Cincinnati Reviews

Updated August 26, 2015
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2.6
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David H. Hehman
2 Ratings

Employee Reviews

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  1. Accountant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Cincinnati, OH
    Former Employee - Accountant in Cincinnati, OH
    Recommends
    Positive Outlook

    I worked at FHLB Cincinnati full-time

    Pros

    Low stress, work life balance, very good benefits, great work environment, pay is good for the amount of hours worked, upper management is very approachable

    Cons

    Pretty much have to wait for someone to retire to move up, technology is outdated, VERY repetitive work, no networking activities

    Advice to Management

    My advice to management would be to provide more learning activities (like CPE events) for all employees, and not just upper management.


  2. Find Another Job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Pension. That's the only reason you would ever work here.

    Cons

    First in gets promoted. Anyone after doesn't. It's not a matter of talent or ability. They don't care about experience or skill set. If you have another way to fund your retirement, then do that instead of accepting a position.

    Advice to Management

    Hire professionals instead of promoting within. Wanting to be a manager isn't the same as having the background, experience, and ability to be a manager.


  3. Decent job, but not very dynamic.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quantitative Risk Analyst II in Cincinnati, OH
    Current Employee - Quantitative Risk Analyst II in Cincinnati, OH
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at FHLB Cincinnati full-time (More than 3 years)

    Pros

    Nice co-workers and environment, excellent job stability and security. If you're in the right place at the right time opportunities can open up. Semi flexible hours. The work environment is usually relaxed and management does not make unreasonable demands.

    Cons

    The pay and bonus are low and they work can be repetitive. Not much room or use for creative analysis. Certain departments do not work as well together as they could.

    Advice to Management

    Recognize and reward talent.


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  5. Cowboys and Firefighters

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Very good benefits package, no travel, parking or transit assistance is available along with both a 401K and pension plan.

    Cons

    No consistent, documented processes are in place in the IT department. Communication is severely lacking between departments. The environment encourages "cowboy coding" practices by developers and "firefighting" by support personnel.

    Advice to Management

    - Practices that worked in the past are not necessarily appropriate for use today. - The purchase and/or use of tools is not the same as the implementation of procedure.


  6. A mediocre semi-governmental employer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Cincinnati, OH
    Former Employee - Anonymous Employee in Cincinnati, OH
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at FHLB Cincinnati full-time (More than 10 years)

    Pros

    Work assignments are mostly routine and due to semi-governmental status, the organization is very risk adverse when dealing with employees. Will attempt to buy employees' loyalty and engagement. Maintains "cadillac" pension and 401K plans.

    Cons

    Annual pay raises are below average. Health benefits used to be very good and reasonably priced but now watered down and expensive. High level of focus on profit/dividend rate and controlling operating costs like pay and benefits. Very flat organization with little upside growth potential for the majority of employees.

    Advice to Management

    New president effective June 1st who is perceived as good guy and friendly. However most (not all) "senior" officers need to check personality and individual ambititions at the front door. Some staff and officers are staying too long just because of the pension plans.


  7. Helpful (2)

    The suckiest job you'll never leave

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sr. Application Developer in Cincinnati, OH
    Current Employee - Sr. Application Developer in Cincinnati, OH
    Doesn't Recommend
    No opinion of CEO

    Pros

    Retirement Plan Benefits - inexpensive, good healthcare coverage 8:30 to 5:00 job Annual Bonus to 10% - everybody gets it Company is extremely profitable Job for life Everybody has the title "Senior Application Developer". Looks good on your resume

    Cons

    2-3% annual pay increases for everybody Low base base Hard work isn't recognized Poor performers get same pay increase and bonus as good performers There's no reward for taking risks or doing a good job Ancient computers Horrible working environment - cubicle city. Most people will never see the sun. Processes don't make sense. Very restrictive, even considering that it's a bank.

    Advice to Management

    Give employees pay increases that correspond to their contribution. If you pay everybody the same and give everybody the bonus, then you are rewarding mediocrity. Recognize good performers and get rid of the worst performers.


  8. -

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Cincinnati, OH
    Current Employee - Anonymous Employee in Cincinnati, OH
    Recommends
    Approves of CEO

    Pros

    -benefits (medical/dental) -tuition reimbursement -incentive program -stability -opportunity to grow within the company-->either through promotion or departmental transfer

    Cons

    -work/life balance -base salary -vacation accrual rate -sick leave policy -mandatory annual 5 day absence

    Advice to Management

    -



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