Industrial Alliance Insurance and Financial Service

www.inalco.com
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Industrial Alliance Insurance and Financial Service Reviews

Updated April 15, 2015
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2.7
15 Reviews
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Recommend to a friend
Approve of CEO
Industrial Alliance Insurance and Financial Service President, CEO, and Director Industrial Alliance Yvon Charest
Yvon Charest
5 Ratings

Employee Reviews

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  1. Good company to work for

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Industrial Alliance Insurance and Financial Service

    Pros

    Benefits
    Pay
    Bonus each year
    Co-workers were great to work with

    Cons

    Not much room for growth in some departments as most people tend to stay there for a long period of time

  2. Soul-crushing

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

    I worked at Industrial Alliance Insurance and Financial Service full-time (more than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Easy-going atmosphere, but that's about it. There is a pretty nice break room and conference areas, and the office equipment wasn't too old. People usually don't stay late, and if you have a job where you need to work after-hours, the office gives you a laptop. Flexible schedules depending on position.

    Cons

    Unfriendly co-workers, no office events/parties, and very little communication from management to employees. Half the office was laid off without much warning, and the rest of the company is going downhill as it "streamlines" its operations.

  3. Dire, excruciating, agonizing, appaling, disstressing

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

    I have been working at Industrial Alliance Insurance and Financial Service full-time (more than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Never made, and never will make, it to a "Best Companies" Ranking.

    Cons

    1. Antiquated technology (..still using mainframe)
    2. Dire working conditions (...elevator full of employees fall several floors ...see YouTube)
    3. Management exclusively French speaking (...no chance of advancing if coming from outside Quebec City)
    4. Totally non-glam industry !
    5. Particularely bad reputation!

    Advice to Management

    One of the very few top management groups, in North America, which did not change for the last 15+ years!

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  5. Securities group lacks direction

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

    I worked at Industrial Alliance Insurance and Financial Service full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    One of the largest financial services companies in Canada provides a large capital base and distribution platform.

    Cons

    Undefined targets; inexperienced management; Montreal-based insurance parents has no affinity for risk.

    Advice to Management

    Commit capital to grow or shut down.

  6. Low standards & contradictory procedures = horrible forecast

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrator in Vancouver, BC (Canada)
    Former Employee - Administrator in Vancouver, BC (Canada)

    I worked at Industrial Alliance Insurance and Financial Service full-time (more than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Terrific colleagues, free coffee, low IQ work (this is actually a double edged sword), cheap gym memberships, convenient location;

    Cons

    Standard procedures are non existent as new rules made up on the fly.
    The odor of politics, favoritism, and jealousy fills the air in most departments.
    Work is extremely low IQ (again, a double edged sword) and tedious.
    Pay grade is low relative to competitors.

    Advice to Management

    Good luck.

  7. Summer Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Montreal, QC (Canada)
    Current Employee - Intern in Montreal, QC (Canada)

    I have been working at Industrial Alliance Insurance and Financial Service part-time (less than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Small, you get to know people well.

    Cons

    Some people are very unprofessional while others are extremely professional.

  8. A very good place

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

    I have been working at Industrial Alliance Insurance and Financial Service

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    there is good benefit. good management

    Cons

    Not the best pay i've ever had

  9. Average

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Administrative Staff in North Toronto, ON (Canada)
    Current Intern - Administrative Staff in North Toronto, ON (Canada)

    I have been working at Industrial Alliance Insurance and Financial Service as an intern (less than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Friendly co-workers, Flexible work hours, part of a strong company, competitive pay for summer interns. Very good access to senior employees, and employees were willing to connect you to anyone

    Cons

    Employees were uneducated, training was minimal and almost non-existent. Advancement opportunities were minimal and organization was very below average.

  10. Helpful (2)

    Conseiller en sécurité financière

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Security Advisor/Conseiller En Sécurité Financière in Montreal, QC (Canada)
    Current Employee - Financial Security Advisor/Conseiller En Sécurité Financière in Montreal, QC (Canada)

    I have been working at Industrial Alliance Insurance and Financial Service full-time (more than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Flexible Schedule
    Commissions are paid upfront (prior to insurance approval)

    Cons

    It is very hard to understand your pay, and a lot of important information are hidden from you.
    This job is definitly not made for you if your are not a fighter. Even if you are, it is still quite something.

  11. Helpful (1)

    Beautiful company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Industrial Alliance Insurance and Financial Service

    Pros

    nice work environment, excellent cafeteria

    Cons

    no cons so far, everything is going well

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