TCF Inventory Finance

  www.tcfif.com
  www.tcfif.com

TCF Inventory Finance Reviews

Updated September 12, 2014
Updated September 12, 2014
9 Reviews
2.9
9 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Ross Perrelli
4 Ratings

Employee Reviews

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  1.  

    Nice Company Culture

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

    I have been working at TCF Inventory Finance full-time (more than an year)

    Pros

    People are friendly and easy to work with.

    Cons

    Pay increases are not competitive enough to keep you here.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    A Company with potential if Management was changed

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

    I worked at TCF Inventory Finance full-time (more than 3 years)

    Pros

    Relaxed atmosphere
    Dress code
    Work life balance

    Cons

    Excessive nepotism
    Benefits; PTO, benefits
    Lack of promotion from within

    Advice to ManagementAdvice

    Senior Management from the TCF bank needs to take a hard look at what is going on in the Inventory Finance business. This business has potential but not with current management. In 2014, a number of Senior Managers who assisted in starting this business have left either voluntarily or have had there positions eliminated supposedly due to costs. YET, the CEO has found high level positions for both of his sons who have no inventory finance experience along with other relatives.

    Add to this Senior Managers that have been retained that have not fulfilled any of their goals in two years, it is very discouraging.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Lackadaisical Management & Rampant Nepotism

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at TCF Inventory Finance

    Pros

    Jeans every day
    Most colleagues were friendly
    Nice building
    Keurig machine in the break area

    Cons

    Nepotism - If you aren't a relative, you are 2nd class.
    Behind the Times With Technology - No established IT processes. PMO exists in name only. Not prepared for SOX audits. They write their documentation for the audit rather than to accomplish project goals. To book a conference room, you have to go to an empty cubicle and write your meeting day and time on a calendar.

    Advice to ManagementAdvice

    Your IT managers are really clueless.
    Go into the ladies room every day at 10 or so... one of the employees takes a nap. (but it's ok - nepotism)
    Tell your employee not to wear a totenkopf pin in front of the Jewish contractor. That was really rude and not good for team building.

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  5.  

    No longer open in Georgia.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at TCF Inventory Finance

    Pros

    Good vacation and good benefits

    Cons

    Job just wasn't for me.

    Advice to ManagementAdvice

    No longer open in Georgia.

  6.  

    I was laid off, but the President just hired another relative.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Collateral & Service Inspector in Chicago, IL
    Current Employee - Collateral & Service Inspector in Chicago, IL

    I have been working at TCF Inventory Finance full-time (more than 3 years)

    Pros

    Steady income
    Company car
    Corporate credit card
    Working independently
    Some benefits

    Cons

    Too much nepotism
    Health insurance premiums have gone up each year, while coverages have decreased
    Minimal room for growth
    Minimal raises

    Advice to ManagementAdvice

    Get a grip on your managers. Most of them don't have a clue on how to manage, but have the positions they have because of someone they know. There is too much nepotism & favoritism. If you are going to lay people off, then don't hire your family.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Great overall experience, great corporate culture

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

    I worked at TCF Inventory Finance full-time (more than an year)

    Pros

    Jeans everyday, great coworkers, annual bonuses

    Cons

    Low amount of holidays off

    Advice to ManagementAdvice

    Keep doing what your doing

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    So-So

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst in Schaumburg, IL
    Former Employee - Credit Analyst in Schaumburg, IL

    I worked at TCF Inventory Finance full-time (more than an year)

    Pros

    Good work life balance, nice office with gym and food offerings located in the building, monthly all employee meetings are a good way to get an idea of what the Company's goals are, and what the financials of the firm are, middle level managers are very solid

    Cons

    The atmosphere is pretty boring, high cube walls so you can't really converse with your co-workers, not sure what the upward mobility was

    Advice to ManagementAdvice

    Think about ways to make the workplace fun, and to reward employees for good performance

    Doesn't Recommend
    Positive Outlook
  9.  

    I am overall satisfied with TCF Inventory Finance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN

    I have been working at TCF Inventory Finance

    Pros

    TCF Inventory Finance does a great job informing employees and keeping them in the mix of what's going on within the company. Senior management is very friendly and knowledgable which creates an enjoyable, professional atmosphere -- Their doors are always open for questions, which is very accommodating.

    Cons

    Although TCF Inventory Finance is continually growing, the room for career advancement is slim. Applying to internal positions is encouraged, but positions are limited.

    Recommends
  10. 1 person found this helpful  

    Management doesn't know what they are doing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Collateral & Services Inspector
    Current Employee - Collateral & Services Inspector

    I have been working at TCF Inventory Finance

    Pros

    Independence. Not having to report to an office each day & working individually in the field without someone to bother you.

    Cons

    Policies are very inept. Most of the people in Upper Management are ex-GE employees so they only hire people they know. There is very little offered in growth or promotions. The Territory Managers have NO management training & do not know how to properly manage people. Everyone below management including office staff are treated very poorly. The company bought out several portfolios from Textron Financial, but did not bring over the creative & smart managers that were in place at Textron. The benefits are under-par compared to Textron & other financial firms.

    Advice to ManagementAdvice

    Re-evaluate your practices. Just because you worked with someone at GE, doesn't mean they are qualified. You also need to step up the benefits compared to the benefits that are offered at GE & Textron Financial.

    Doesn't Recommend

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