Risk Management Solutions Reviews

Updated March 23, 2015
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2.8
208 Reviews
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Risk Management Solutions President Hemant Shah
Hemant Shah
141 Ratings

Pros
  • Good work life balance,ample growth opportunity if you are a self learner (in 20 reviews)

  • There are lot of smart people here to work with (in 13 reviews)

Cons
  • Large iniative to roll out new flagship product RMS One, bombed in Apri 2014 (in 9 reviews)

  • Should invest more heavily in product and model development to exceed client expectations (in 5 reviews)

More Pros and Cons

Employee Reviews

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  1. Featured Review

    2 people found this helpful

    Smart people trying to solve difficult problems

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

    I have been working at Risk Management Solutions full-time (more than 5 years)

    Pros

    Compensation is good, and there have been improvements to work-life balance. Very smart people. There are opportunities to work in a more academic setting or business/client facing setting, depending on preference. The company is willing to let you find your interests and work with them.

    Cons

    There seems to be some mistrust between different organizations. While there is now a clear direction the company is headed, it took a long time to get that direction, and it is unclear if it's attainable.

    Recommends
    Negative Outlook
    Disapproves of CEO
  2. Interesting & valuable company mission - some challenges trying to sustain growth

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

    I worked at Risk Management Solutions full-time (more than 3 years)

    Pros

    energetic founder CEO who cares about the company mission
    good compensation
    seemed like there was a rewarding and fairly rare balance of academic and commercial work for those in the model development department

    Cons

    company is following an ambitious technology strategy - seems like this has caused some uncertainty & stress for developers, perhaps to be expected for a firm that was traditionally more focused on models.
    location isn't all that exciting or conducive to socializing after work

    Advice to ManagementAdvice

    follow a strategy and structure that insulates the core business and protects it from collateral damage in the event that the technology play is delayed dangerously

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 4 people found this helpful

    Benefits

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

    I have been working at Risk Management Solutions

    Pros

    Good benefit, interesting work, mostly, highly skilled people

    Cons

    Politics, lots of bad managers

    Advice to ManagementAdvice

    Stay focused and get rid of the politicians.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 7 people found this helpful

    Trying too hard to be something they aren't

    • 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 (more than 5 years)

    Pros

    Work Life balance, Compensation, Locations, Amenities (free lunch once a week, snacks, etc.), great collaborative culture, great coworkers. Ask 90% of the employees why they stay, and they will undoubtedly say the people are great. Lots of tension in the software development group, but anywhere else in the company, people like working with their colleagues to get great things done.

    Cons

    Senior management/Executives chasing the new shiny object of cloud computing with the wrong vision. RMS became #1 in the market because of the world class science and it's application to the insurance industry's risk management. If we listen to what our clients are saying, we could sprint miles ahead of the competition...they want access to the science in a vehicle that allows them to streamline their individual workflows from the smallest company to the largest. The target audience should be the cat modelers who have to use the software, not the Executives who are too far from the front lines to know what the little guy cranking out the work is dealing with.

    Advice to ManagementAdvice

    Stop chasing the shiny object and listen to the target audience. Their common complaint is how our products don't do the things they need it to do to make their jobs easier. If we could just put the science into a product that can help with their workflows (which doesn't necessarily equal speed), they would be thrilled! You may want us to become a software company, but our clients view us and want us to continue to be a catastrophe risk management company. What makes a company great is solving for the masses, in our case the cat modelers. There are still a couple of executives in RMS that are trying to save their jobs by chasing the wrong the rainbows. Continue to protect the core, providing world class science with high class service, regardless of the vehicle, and the company will soar to new heights with the rainbow ending in a pot of gold...

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful

    nice company, maybe not nice enough

    • 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

    Pros

    helpful for any engineering questions

    Cons

    pay check is more or less not so charming

    Advice to ManagementAdvice

    refactor the company to act faster

    Recommends
    Neutral Outlook
  7. 7 people found this helpful

    Great people, little respect for them

    • 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 (more than 3 years)

    Pros

    Good pay, good benefits, have great respect and admiration for the people I work with every day.

    Cons

    I have the opposite feeling about the people I work for. Most of those in middle and senior-level management abuse their power, and company leadership fosters this type of working environment. The needs of the company never seem to come first; rather the game played by management is how to keep themselves looking good while keeping their subordinates, well subordinate. There are no checks on this -- mangers are given carte blanche to treat their subordinates in any way they choose. The company is losing many of the above mentioned great employees as a result. Employees are not given any opportunity to review their managers -- most fear retaliation for saying anything negative at all. A sad, if not uncommon, byproduct of a company full of people who put their own interests first, and tromp over those who are just trying to do their job as best they can.

    Advice to ManagementAdvice

    Quit pretending you listen to the little guys. Actually listen to them. And forster a culture where people are encouraged, and not fearful, to share what's really going on.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 7 people found this helpful

    It's like a startup that pays market rates. Fast moving, hard problems, tolerable politics.

    • 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 (more than a year)

    Pros

    The company has been trying to move their core business--catastrophe modeling for the insurance industry--to the cloud since 2012. The project rebooted in 2014 and saw the departure of several top execs (CTO, CFO, among others). There is some new technical leadership that joined in December and, while it's still too early to tell for sure, the 2015 plan looks achievable. Also, the switch from a .NET-based stack to a Java-based stack opened up the software group to quite a few new technologies and open source.

    Running cat models in the cloud is HARD. There is some serious big data here; it's not for the faint of heart. We're talking petabytes of data to manage. As someone who likes a challenge this is a lot of fun. It feels like a startup.

    The office is right off the Dumbarton bridge so it's a quick drive from Palo Alto / Menlo Park and you're going opposite traffic.

    Cons

    Because of the tech reboot, there is a lot of chaos. Software teams can be pulled in many directions. It's hard to keep up with, but it seems like things have stabilized a lot since December. There is some tension between the modeling group and the software group.

    Advice to ManagementAdvice

    Keep up the transparency. Fix the schism between software and modeling. Cat models are going to be commoditized in 5-10 years so the company needs to win on the platform. We're all on the same team here.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 12 people found this helpful

    Bad Place to Work - Big Boys Club

    • 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 (less than a year)

    Pros

    It was OK company to worked for, but then it got real bad.

    Cons

    Very BAD political between IT and Cloud. Contribution wont get considered unless you are connected with big boss. People can get 2 or 3 promotions within 6 months, from Sr technical Architects to Sr Directors. Never seen this happens before in my entire 15 years career.

    Advice to ManagementAdvice

    It's Time to STOP Playing Favorites!

    Doesn't Recommend
    Negative Outlook
  10. 19 people found this helpful

    Used to be a great place to work

    • 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

    Pros

    World-class personnel, above-average pay, decent benefits, nice perks like free food/ snacks.

    Cons

    This was a great company until it embarked on the great cloud platform adventure in 2012. The company hired a lot of senior people, and the CEO was convinced that clients would jump to the new product quickly and pay multiples for it. Despite numerous indicators that the software was not on track, the executive team plowed ahead to the inevitable crash in spring of 2014. After reevaluating, the company had to start over with the software, and in the process go through layoffs. Most of the good senior people have now left (COO, CFO, etc.), and only those hired in the last few years are trying to politically stake their claim. The company has lost its focus on the science and clients as it pursues the platform technology unicorn. It's sad how good this place used to be and what a shell of itself its turning into.

    Advice to ManagementAdvice

    Clean house at the top. Find people that are more client/ model focused. Hire a COO!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 17 people found this helpful

    Company declining due to mismanagement

    • 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

    Pros

    Unique predictive modeling solutions provides many potential opportunities to work on challenging projects.

    Cons

    Company grew to larger and bureaucratic. Style became more important than substance and management quality has declined.

    Advice to ManagementAdvice

    Upper management needs to take responsibility for mistakes rather than continuing to find scapegoats to take the fall for poor performance

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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