Euler Hermes Reviews | Glassdoor

Euler Hermes Reviews

Updated December 7, 2017
98 reviews

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Pros
  • Good management team, work life balance, good collaborations between different department (in 10 reviews)

  • Good working environment, exposure to regional business (in 6 reviews)

Cons
  • Turnover in upper management and a lot of confusion after Euler Hermes started calling all of the shots (in 5 reviews)

  • Credit insurance is a stable and established market, so don't expect any bleeding edge of technology assignments (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Old School"

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

    I worked at Euler Hermes full-time

    Pros

    Mostly nice people who work hard.

    Cons

    Old school mentality. Leadership in Finance are terrible people who are vile.

    Advice to Management

    Fire finance leadership


  2. Helpful (1)

    "Great laid back culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Baltimore, MD
    Current Employee - Anonymous Employee in Baltimore, MD

    I have been working at Euler Hermes full-time

    Pros

    Laid back culture, competitive pay, market leader, most management cares about their employees. Bottom-up management style that values new opinions

    Cons

    Had a lot of HR issues, but they are revamping their HR dept to fix. Some managers do not care about developing young talent. Puts too much emphasis on experience rather than competency.

    Advice to Management

    Develop young talent and focus on retaining those individuals. Make sure middle management is interested in creating a team environment and working to keep their team happy.

  3. Helpful (2)

    "Great company to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Manager
    Current Employee - Sales Manager
    Recommends
    Positive Outlook

    I have been working at Euler Hermes full-time (More than a year)

    Pros

    Endless opportunities to learn. Great people, very experienced and lots of different skills in the teams. Company has a great overview of globalization, economic interrelations, country and sector risks.

    Cons

    Lots of changes and inconsistent messages make it difficult to priorities and work full speed.

    Advice to Management

    Do what you say. Say what you do.


  4. "9 year employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Accountant in Baltimore, MD
    Current Employee - Senior Accountant in Baltimore, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Euler Hermes full-time (More than 8 years)

    Pros

    A lot of great benefits to help you self improve. Great annual bonus. Fair pay. The company will invest in you if you show your worth. Relaxed professional setting with easy to talk to management. Real open door policy. Internal international career advancements available. Lots of team building functions.

    Cons

    Better training for middle management. Better health insurance. I do not have anything bad to say about this company, I feel it was the best career choice I made and I plan on retiring from this company.

    Advice to Management

    New management should just take there time and learn what they can and a acceptable pace. If you have a great team or already developed team they will support you.


  5. "Great Company Great People"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Owings Mills, MD
    Current Employee - Anonymous Employee in Owings Mills, MD
    Recommends
    Positive Outlook

    I have been working at Euler Hermes full-time (More than 8 years)

    Pros

    Great company culture. Everyone works hard to hit their goals and those who aren't pulling their weight fall behind or leave. People are rarely let go, you either keep up or you stay where you are until you leave yourself. The bar is set at a high level and we take pride in being the biggest and the best in the industry.

    Cons

    With size and success comes bureaucracy. There are too many checks and individual employees are not given the proper amount of authority to adjust to the market in real time. With that said, the company is constantly evaluating itself to correct such issues.

    Advice to Management

    Honestly, I feel management understands our weaknesses and is working to improve upon them. It takes time to implement change. I believe we're always slowly moving in the right direction and the industry follows our lead.


  6. "Great place to get exposure in international markets"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst in Owings Mills, MD
    Current Employee - Credit Analyst in Owings Mills, MD
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Euler Hermes full-time (More than 5 years)

    Pros

    The company has many Long term employees some 40+ years. It's a great company for college graduates. There is plenty of growth potential if you start at the bottom

    Cons

    The office is Too far to drive in traffic. There are also limited opportunities in the company unless you plan to stay in the credit insurance field. The jobs are too industry specific

    Advice to Management

    Workload too much for small teams, unable to spend time to learn the job the proper way to offer quality work


  7. Helpful (4)

    "Euler is better at marketing themselves to new-hires than potential custo"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Agent in Westlake Village, Los Angeles, CA
    Former Employee - Sales Agent in Westlake Village, Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Euler Hermes full-time (Less than a year)

    Pros

    Flexible outside sales role with "potential" to earn significant income, this is a long term sale and a relationship based product. The product itself really is incredible, useful, and something a medium to large size business can leverage to its benefit. I don't doubt the Euler Product or its usefulness one bit.

     The company has a decent training program and competitive compensation as a mid-level sales opportunity, but it basically stops there.

    Cons

    Unrealistic earning potential, out of touch and constantly changing management in the California region. This is a company with a lot of money that would rather invest it in gadgets and gizmos for the salesforce to entertain and wow their clients, the silly part is, having your customer sit down and watch a presentation on an ipad is the worst possible way to connect and sell an extremely sophisticated and complicated product.

    The LA office is located in Westlake Village, which is absolutely insane given 99% of all clients and potential clients are in Downtown LA or FURTHER EAST from DTLA, you're expected to waste hours of work time and productivity visiting the office for corporate rah-rah-rah type conference calls and other silliness, its just a waste of your time and eats up your day.

    For beginning agents, most of the appointments the baltimore office will set for you, well they are useless, also most of the company intel you have access to is out of date and well, useless. Be prepared to lean on existing business relationships or cold call, which of course is expected, however also be prepared to do battle with senior agents who utilize copernicus (our in house salesforce) to protect and continually hide, potential clients that they have sought out, but haven't tied down.

    Basically a lot of drama and nonsense per a typical sales office, but they're really good at making you think otherwise.

    Advice to Management

    Be more realistic with new-hire expectations, get better intel and leads for beginning agents, and recognize this product, like most, is about the relationship you build with a potential client, they're too often making incredibly short-sighted moves trying to make weekly or monthly sales goals, this is an expensive poorly understood product that takes months to successfully sell to a client, and management continually forgets this.

  8. "Great Company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - New Business Agent in New York, NY
    Current Employee - New Business Agent in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Euler Hermes full-time (More than 3 years)

    Pros

    Great company to work for with decent pay and strong benefits, incredible work/life balance and a great management team that is there to help you succeed at every step along the way. They love to promote from within and there is tremendous flexibility moving around within not just EH but Allianz. Overall it is a great place to work.

    Cons

    While the pay is good, it could be better when it comes to business with a broker attached. Internal politics just like at most companies.


  9. "Agent"

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

    I worked at Euler Hermes full-time

    Pros

    A very solid product respected by those with specific international trade experience. Global political risk is on the rise and their product fits this need well.

    Cons

    constantly changing comp plans and expectations for service while ever growing pressure for new business production has caused many senior people to look elsewhere.

    Advice to Management

    pick a plan and stick to it


  10. "Big company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Owings Mills, MD
    Current Employee - Sales in Owings Mills, MD
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Euler Hermes full-time

    Pros

    Nice atmosphere
    Learn a lot on markets and international trade
    Niche market product
    Potential for career growth internationally

    Cons

    A lot of office politics and management sometimes holds you back to change roles

    Advice to Management

    Give opportunities to individuals inside the company and trust them with responsibilities instead of doing things behind their backs


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