Gemini Fund Services Reviews in Hauppauge, NY | Glassdoor

Gemini Fund Services Hauppauge Reviews

Updated March 28, 2017
15 reviews

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Hauppauge, NY

1.9
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Andrew Rogers
11 Ratings

15 Employee Reviews

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  1. Helpful (2)

    "Gemini Hedge"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hauppauge, NY
    Current Employee - Anonymous Employee in Hauppauge, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Gemini Hedge is a growing company and employees have many opportunities to grow with it. The employees that step up to challenge are rewarded/promoted. It is a casual work environment and fast paced at the same time, which is what is expected in a hedge fund admin space.

    Cons

    Some people cannot keep up with the fast pace and find the job it is not for them. To be expected.

    Advice to Management

    Management should be sure to promote the reasons why Gemini Hedge is a great place to work.


  2. Helpful (15)

    "If I could give less than 1 star I would"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant in Hauppauge, NY
    Former Employee - Fund Accountant in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Gemini Fund Services full-time (More than a year)

    Pros

    Free bagels on Fridays, free pizza occasionally, pretty good 401k.

    Cons

    If you have any other opportunities to work anywhere else then go there. The company and the management are terrible. They introduced overtime after the conversion was over so they didn't have to pay more to people who were working 10-11 hours straight without eating or having any break to go to the bathroom but as soon as they introduced overtime they made sure to emphasize how you must take a break according to NYS law. They reduced benefits when they introduced overtime, removed the bonus from employees eligible for overtime, cut emergency time off, increased workload, decreased hiring.

    The base pay is 40k for a fund accountant and you'll get like 15 vacation days total but you also must take 5 consecutive business days off within a year on your own time, no exceptions. The work is not fast paced, it's not difficult and a lot of people get comfortable and some stay for very long periods of time but that's because they aren't successful. There is a lot of turnover and there is always someone who leaves every month, every month, out of the maybe 30 fund accountants on the floor. Many seniors are incompetent, the managers above the seniors are incompetent and don't care about anybody in the firm unless they are best pals. Promotions are based relationships with the managers, not merit. If you aren't best pals with the manager expect to have more funds than the rest of the group but get paid less than them. Managers are unapproachable, rude, flat out lie, and definitely pick favorites. Seniors and managers struggle with basic excel functions and aren't genuinely appreciative of anything you do for them. Some super senior management person came from Omaha, the HQ, split up groups and changed entire structures even though she has barely a spoken to anybody here or has any insight in how groups operate. Guess what the group managers did about groups being split up? Not a single thing. But guess what? If you are best pals with the manager then you'll likely stay in the same group as before.

    Corporate actions team is just filled with loud mouths who talk obnoxiously loud all day and have zero respect for the people working around them and several of them struggle with setting up securities and processing early morning corporate actions.

    The departments have extremely poor communication between each other. Treasury still sends old codes for the old accounting system, fund administrators send current codes but the incorrect ones.

    There are constant NAV errors and I hope less clients come to this company for support of their products. The conversion cost the company over a million dollars in NAV errors because the company couldn't be bothered to hire 2 specialists to prevent such errors. That's okay though because management said that if a group doesn't get any NAV errors in a quarter then they'll get free lunch.

    I really hope I save potential future employees and clients from ever having a relationship with this company. If you stay here for over a year then you are just wasting your potential.

    Advice to Management

    Hopefully all of you get replaced.


  3. Helpful (4)

    "Fund Accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund in Hauppauge, NY
    Former Employee - Fund in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services full-time (More than a year)

    Pros

    The people at Gemini are very nice people, relaxed work enviroment

    Cons

    No growth, less pay, medical insurance is expensive, management only picks favorite people to be promoted

    Advice to Management

    Hired better people, if you want the company to survive, get rid of people that don't belong there at all.


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  5. "Hedge fund accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Administrator in Hauppauge, NY
    Former Employee - Fund Administrator in Hauppauge, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Gemini Fund Services full-time (More than a year)

    Pros

    Great learning experience, exposure to different funds and strategies. Really good group of people to work with, everyone pulls together when needed.

    Cons

    Benefits could be better. The work environment would be better if it was more open. It is hard to communicate with cubicles

    Advice to Management

    Provide opportunity to move among the various companies and departments.


  6. Helpful (1)

    "Any positive rating is a plant by the company."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Administrator in Hauppauge, NY
    Former Employee - Fund Administrator in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services full-time (More than a year)

    Pros

    No prose but since I must write 20 words free bagels on Fridays. Good commute.

    Cons

    Absolute worst company you could work for. Run by inexperienced adolescent managers who talk behind your back and micromanage you. Especially Gemini Hedge fund services. Disgraceful workplace.

    Advice to Management

    Fire current management


  7. Helpful (5)

    "Great place to work if you want to be a lazy employee because everyone gets the same raises"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Hauppauge, NY
    Former Employee - Anonymous Employee in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services (More than 10 years)

    Pros

    Casual dress code, bagels on Friday and friendly coworkers are the only reason this company still has a staff

    Cons

    Severely underpaid compared to salaries at similar companies, unless you're senior management, they line their pockets while the rest of us struggle to make ends meet. Gemini's motto is to take advantage of their good employees and overworking them to the point they absolutely dread coming to work and if you’re horrible at your job you can just float on by with less responsibility. You have to really actively try to get fired so if you want a job that you can do the minimum amount to get by or less then, this is the place for you. They will keep people in management positions knowing they are unable to do the job and force their staff to pick up the slack. If an issue occurs then the staff is blamed for the problem, not management. No compensation/vacation time is given if you have to work extra hours, it’s just expected, even if the reason is because of incompetent workers or understaffing issues. No one is trained on anything, you pretty much have to figure it as you go and ask around to co-workers for help. Everyone gets the same raise each year, regardless if your review was good or bad, so there is absolutely nothing to motivate you to work hard. The "quarterly bonuses", if you can call them that, are insulting, maybe $200. People are promoted because of who you know not what you know and the hard working employees have to fight tooth and nail to even been recognized. They started as a small company and grew too large to fast for their own good and the head's of the departments are not qualified to be running them. Everything is a game of catch up or putting out fires, never planning ahead. Always grossly understaffed because it doesn't take long for people to see how this company is ran and they jump ship. Unless your desperate and can't find work anywhere else, I would not recommend this company to anyone.

    Advice to Management

    Treat your good employees with respect and pay people what they deserve. I give it another year before this company implodes because you can't keep enough staff to do the job, everyone is overworked, underpaid and leaves and you're left with only entry level employees. Besides the fact the starting salary hasn't changed much in 10 years so getting quality employees proves to be pretty difficult.


  8. Helpful (1)

    "Easy place to work-no commute..however they should take better care to keep employees around"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Legal Assistant in Hauppauge, NY
    Current Employee - Legal Assistant in Hauppauge, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Gemini Fund Services full-time (Less than a year)

    Pros

    Up to date with market technology, Employee Appreciation week, bagels provided on Friday's, friendly work environment/ general camaraderie, causal work attire, holiday festivities, vitality health incentives

    Cons

    Low salaries in comparison to market, 14 days PTO per year (including sick days and 5 days must be taken consecutive), health insurance is pricy with high co-pays


  9. Helpful (4)

    "fund"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hauppauge, NY
    Current Employee - Anonymous Employee in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Bagels OK. Jean's on Friday

    Cons

    Worst company to work for. I would rather work for taco bell or fast food . It's a swap shop. Worst company . Never reward hard workers. Cronyism . Dumb people only manage this place

    Advice to Management

    Just close down that stupid company


  10. Helpful (10)

    "Disaster"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Hauppauge, NY
    Former Employee - Anonymous Employee in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services full-time (More than a year)

    Pros

    Gemini Hedge Fund Services - After working here you will have a good baseline knowing where the bottom of the barrel is.

    Cons

    Managed by threats and intimidation you will be overloaded on day one with little or no help. If you cant cut it you will be written up and/or fired. 50% turnover in 2015 50% written warning. The only solution management has to help you succeed is to write you up and hope it helps you focus. Not once will you be asked what your challenges are or how can we help you succeed? etc. Childish clique. runs the place.

    Advice to Management

    Learn how to manage people. say good morning, say good night as you walk by. People are not numbers. Management is accounting centric - zero people skills.


  11. Helpful (3)

    "Hedge Fund Accountant"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Hauppauge, NY
    Former Employee - Anonymous Employee in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Not many but occasional food and beverages are provided for the whole company.

    Cons

    Micromanaged by your superiors who won't even take the time to actually explain to you in person what you're supposed to do. Everything is communicated via jabber messaging and emailing, it's an absolute lack of interpersonal communication and management should be embarrassed about that, considering a vital part of management is being able to communicate right? No appreciation for any of the hard work that every employee puts in, the compensation is very very below average and there's no incentive to work hard. Stay away from this company, if you come here, DO NOT stay here for more than 1 year.

    Advice to Management

    Take management classes somewhere. Hire someone to oversee how the management operates in this department, DO SOMETHING TO CHANGE THE CURRENT MANAGEMENT.



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