Primatics Financial Reviews | Glassdoor

Primatics Financial Reviews

Updated March 21, 2017
55 reviews

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Full-time Part-time

3.4
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55 Employee Reviews

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Pros
Cons
  • Very late sittings affecting work life balance (in 11 reviews)

  • Fast paced growth, so be prepared to put in extra time - but that is required for career growth anywhere (in 2 reviews)

More Pros and Cons

  1. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Valuation and Risk Analyst in McLean, VA
    Current Employee - Valuation and Risk Analyst in McLean, VA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Primatics Financial full-time (More than a year)

    Pros

    Even entry-level employees are given a lot of agency and responsibility here.
    The people are great, and since acquisition by SS&C management has made a clear effort to improve on employee engagement and customer satisfaction.

    Cons

    There is a very steep learning curve (many people coming in have to learn both how to use the software and relevant accounting reg.'s). Since this is a smaller company, it is hard to get training just for your job (although they do a good job of big-picture training on things that affect everyone).

    Advice to Management

    Get more employee feedback and listen more to clients on what they need and what could be improved. Management seems to be refocusing on this, but it is extremely important.


  2. Helpful (1)

    "Sales"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great software platform, services and solutions, when it works. There is definitely a need in the financial services/banking market. Some very intelligent people have contributed to the design, integration, logic and infrastructure. Evolv has the ability to be and do so much more than the engineers are able to keep up with in order to deliver specific market needs.

    Cons

    A lot of turnover/attrition so finding the right talent to replace others is a struggle, which impacts the overall ability to deliver.
    The senior executive team is comprised of long-time employees that have moved up the ranks as others have departed. Unfortunately, they are not seasoned "Leaders", which impacts their ability to lead the company and retain good teams. They seem to leverage each other too often, when they should capitalize on the experience and knowledge of their staff. They are very controlling and set in their ways. If they would enable and empower their staff to offer best practices from their past experience, they could be much more successful. There seem to be "trust" issues that create an uncomfortable environment where the employees become afraid to offer suggestions or new ideas that may help improve the existing, but very limited, process standards.
    The company lacks detailed standard processes, procedures, policies and documentation on implementation, SW platform capabilities and features. Too much "human BI" and information hoarding vs engaging, reviewing, documenting and empowering their employees to allow them to grow, contribute and learn more about other aspects of the business. They continue to stay stagnant and unable to grow their client base due to the lack of structure and process.

    Advice to Management

    Listen to all of your employees, no matter what level they are in the company, your personal (preconceived) opinions and leverage everyone's experience to create a better environment and culture across ask business lines.
    I would encourage SS&C to invest in their leaders by offering mandatory management training to improve overall skills, relationships and the future success of the company.
    Create a more defined "On-boarding" process with goals and timelines attached so new employees don't feel so lost from Day 1. There should be a standard process for week 1 to Month 1, M2, M3 and beyond that aligns with their expectations and the employee's role.
    All meetings should have specific agenda items defined prior to the meeting so everyone is prepared and it is a productive use of time for everyone.
    Be respectful to everyone and considerate in how you speak to others.


  3. Helpful (1)

    "Nice Place To Work"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Olney, MD
    Former Employee - Anonymous Employee in Olney, MD
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Primatics Financial full-time (Less than a year)

    Pros

    Upper management is very helpful. Co-workers are very nice and welcoming to new hires. Many opportunities for growth within company.

    Cons

    Small staff makes the job ten times harder. Very fast paced at times. Work-life balance is non- existent. No time for family life.

    Advice to Management

    Hire more staff for all positions. Staff members are constantly being moved and promoted, that there should be constant new hires at all positions.


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  5. "Great company to learn and grow in."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in McLean, VA
    Current Employee - Analyst in McLean, VA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Primatics Financial full-time (More than a year)

    Pros

    -Great place to learn and grow
    -Primatics is a small company so you will learn and have involvement of many different aspects of a software company
    - Awesome people
    - We were just acquired by a very large software company in the financial technology space giving us opportunities beyond our regular market space
    - Bonuses

    Cons

    - Sometimes the work is not easy
    - Because it is a small company, training may not be the best. You have to be proactive about learning

    Advice to Management

    My biggest point of advice would be increasing training or simplifying the training.


  6. Helpful (6)

    "Really Disorganized"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Primatics Financial (Less than a year)

    Pros

    Open floor plan and approachable staff. Exposure to a vast network of platforms and software. Friendly co-workers from all departments.

    Cons

    Poor management. Wasn't ever given any guidance towards improving knowledge base for daily working environment. Over promised and under delivered. Hired for specific role, when someone left, I was expected to perform the duties of a higher level associate without direction or support tools to complete tasks.


  7. Helpful (5)

    "Not a great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in McLean, VA
    Former Employee - Business Analyst in McLean, VA
    Doesn't Recommend
    Neutral Outlook

    I worked at Primatics Financial full-time (More than a year)

    Pros

    There was a lot to learn and a number of bright people that worked there that you could learn from. Pay was decent, work was interesting.

    Cons

    Very cliquish, you had to belong to the JMU crew to get any meaningful projects or get promoted. They teams are not a colaborative as the claim and you were either part of the "it" group or not.
    Expect long hours, work life balance is not a priority here.

    Advice to Management

    Learn how to manage people or hire people who actually know how to mage people and diversify you hiring practice.


  8. Helpful (13)

    "Heed all the warnings posted here- You have been warned"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in McLean, VA
    Former Employee - Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook

    I worked at Primatics Financial full-time

    Pros

    Flexible work schedule, great staff below Director. Most people just waiting for other shoe to drop ( aka the earn-out) before exiting. Lots of openings as many of the recent hires ( in last 2 yrs) quitting. If you are on a project run by a founder - rules/SOP will not apply to you but you will work 60 hrs/week.

    Cons

    Read all the postings on Glass-door - there is a theme. For a company of its size the firm is surprisingly very political and senior management is incompetent. The majority of VP and Directors have only worked at Freddie/Fannie which only adds to the bad habits and haphazard way in which they apply processes. Work/life balance is very poor.

    Advice to Management

    To Carlyle: Get rid of founders and 75% of VP and Directors - then re-build.


  9. "Best company to utilize your technical skills freely."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Technical Lead in Virginia Beach, VA
    Current Employee - Associate Technical Lead in Virginia Beach, VA
    Recommends
    Neutral Outlook

    I have been working at Primatics Financial full-time (More than a year)

    Pros

    Good company to utilize your skill set

    Cons

    have politics which is sometimes annoyed you.


  10. Helpful (7)

    "Company getting worse by the day"

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

    I have been working at Primatics Financial full-time (More than a year)

    Pros

    Compensation is good; Work/life balance is good for some; terrible for others. Colleagues are bright and hard-working.

    Cons

    The company has taken a turn for the worse in 2013 and the outlook for the future is bleak at best; there have been multiple layoffs this year and there seems to be a mass exodus with multiple people leaving each week; the culture has turned toxic with everyone pointing fingers at one another and playing the blame game for why the company is not doing well. It's an awful environment to work, and I would not recommend taking a job here.

    Advice to Management

    None


  11. Helpful (7)

    "Lack of Opportunities"

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

    I worked at Primatics Financial full-time (More than 3 years)

    Pros

    Depending on who you work with there may be work life balance.

    Cons

    The company operates in a very niche space that thrived on banks acquiring distressed assets. This worked when the economy was in downturn but they have not been able to maintain clients and get new one's as the economy improves. So there are few opportunities for learning something marketable and to enhance one's personal resume.
    Whatever opportunities do exist are promptly shared, not on merit but favoritism as other reviews suggest. That also means reviews are a formality to justify ratings rather than to be used for development.

    For a 200 small company it is extremely bureaucratic and senior management does not communicate properly with each other resulting in multiple meetings at low level whose sole purpose is to get everyone on the same page over and over again.

    The VP of the biggest resource group believes that only top performers should be career coached. She used to famously say that in a group setting during reviews...that we should spend time coaching only the top performers who hold promise.

    As the product name suggests, technology is evolving all the time and that also works as a caveat for when technology does not work.

    Advice to Management

    Your tier 2 managements do not talk with each other and are not as open as the founders were / are. Hence resources are not satisfied.


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