Nippon Life Insurance Reviews | Glassdoor

Nippon Life Insurance Reviews

Updated March 6, 2017
5 reviews

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2.8
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Nippon Life Insurance President Kunie Okamoto
Kunie Okamoto
1 Rating

Employee Reviews

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  1. "Senior Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accountant in New York, NY
    Former Employee - Senior Accountant in New York, NY

    Pros

    Great job security and benefits

    Cons

    Not much variety of work

    Advice to Management

    Provide more growth oppurtunity


  2. Helpful (2)

    "Nippon Life Global Investors Americas - ultra-conservative life co investor, NOT an asset manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - AVP-Analyst in New York, NY
    Former Employee - AVP-Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Nippon Life Insurance full-time (Less than a year)

    Pros

    - Consistently work 9:00 to 6:00, no more, no less, if that's the life you want
    - Co-workers are respectful, if shy

    Cons

    - Many discretionary investment seats are held by expats from Tokyo who are on 2 to 4 year rotations within the greater Nippon Life corporate structure; many don't have prior expertise, and in some cases any experience at all, in their product
    - This rotational structure results in complete focus on operational risks and near zero-tolerance for benchmark deviation (at least in fixed income products); read as "little to no risk-taking"
    - English language proficiency of expat coworkers is very mixed
    - Advertises itself as an asset manager, pays like a life co
    - Will stub no matter what month you start in
    - If you are in a research seat, expect your research to largely be used as a validation function by PMs, senior managers, and Tokyo-based investment committees; decisions are made before any analysis is ever done
    - In my case and in the case of at least one other colleague I discussed with, my position description was heavily misadvertised during recruiting to sound sexier and with a bigger growth-path (i.e. was brought on to help allocate new $__MM fund to riskier securities; started the job and that allocation had already been made, and with a 30% cap on said riskier securities, with the other 70% being near-riskless securities); you won't find this out until you start the job so ask to read IMAs and see holdings by product/credit rating
    - Do not expect to come in here and effect any positive change; very rigid in their ways
    - Tight-fisted (pay for your own k-cups)
    - Over-promises, woefully under-delivers

    Advice to Management

    Do not advertise yourselves as asset managers; advertise as a life co
    Be honest when recruiting

  3. Helpful (4)

    "No Concept of "Harassment""

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

    I worked at Nippon Life Insurance full-time

    Pros

    You can learn various aspects of Japanese corporate culture - lots of meaningless meetings, slow decision making process, no job descriptions, yes to all requests from Tokyo, etc.

    Cons

    They require you to be on time for every meeting (not even 1 min delay), while spending hours without any clear agendas or decision making process. I have heard many harassment issues from the past, and the Copliance people don't even speak in proper English.

    Advice to Management

    Keep in mind that the company is governed by US laws, not your bosses in Japan.


  4. Helpful (1)

    "Senior Financial Reporting Analyst"

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

    I have been working at Nippon Life Insurance full-time (More than 5 years)

    Pros

    Nice family culture, great benefits.

    Cons

    Interdepartmental communication could be improved.

    Advice to Management

    Keep up the good work


  5. Helpful (2)

    "Bad Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Tokyo (Japan)
    Current Employee - Senior Manager in Tokyo (Japan)
    Doesn't Recommend
    Neutral Outlook

    I have been working at Nippon Life Insurance full-time (More than 10 years)

    Pros

    Stable. too big to fail

    Cons

    bureaucratic corporate culture, management can not decide on risks and do not take any chances

    Advice to Management

    do not take too long to promote people