Swiss Re Reviews in Armonk, NY | Glassdoor

Swiss Re Armonk Reviews

Updated May 12, 2017
29 reviews

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Armonk, NY

3.8
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Swiss Re Group Chief Executive Officer Christian Mumenthaler
Christian Mumenthaler
5 Ratings

29 Employee Reviews

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Pros
Cons
  • Non-stable senior management team hence you don't know what to focus on (in 22 reviews)

  • Things move a little slowly; decision making authority limited to a select few (in 9 reviews)

More Pros and Cons

  1. "Assistant Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Assistant Vice President in Armonk, NY
    Current Employee - Assistant Vice President in Armonk, NY
    Recommends
    Approves of CEO

    I have been working at Swiss Re (More than 3 years)

    Pros

    Very good company and benefits

    Cons

    Senior mgmt located in Switzerland


  2. "Assistant Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Armonk, NY
    Current Employee - Assistant Vice President in Armonk, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 5 years)

    Pros

    Excellent Work-Life Balance, Colleagues are friendly and helpful, strong focus on making the work-place more modern-(Agile workspace, flexibility, on-site gym, stand-up desks and a great academy with fun furniture). Senior Management in Armonk is accessible and often have meet and greet lunches and breakfasts. Strong focus on career development from a lattice perspective (see cons). Armonk is a beautiful campus and they are installing solar!

    Cons

    Processes can be streamlined. The organization is fairly flat, so if you are looking to climb up a ladder, this may not be the best place for you. There is a strong emphasis on taking a lattice approach to your career, by taking on different roles, continuously learning, going on rotation, trying something in a new area and developing yourself.

    Advice to Management

    Keep up the good work of being accessible to employee in the office. Make sure you speak up on behalf of your employees in the US when it comes to the overarching strategy for the company. There have been more strides to do this but there is room for improvement.

  3. Helpful (5)

    "Swiss Re Americas"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Armonk, NY
    Former Employee - Business Analyst in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Swiss Re full-time (More than 5 years)

    Pros

    Nice colleagues, beautiful office campus. Average package.

    Cons

    Not a company to build a career: nepotism, bureocracy, politics, poor middle management, conservativism, horrible HR, Swiss-centric. All these are some of the factors that drive the business in the hub, instead of profitability and merits. IT capabilities are the worst I have ever worked with in my life.

    Advice to Management

    Stop talking about career development and climate change and actually do something useful. The diversity program is ridicolous, and you have an office that cannot be reached by public transportation from NYC: what does that tell about climate change commitment?


  4. Helpful (2)

    "Swiss Re"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Swiss Re full-time

    Pros

    Flexibility working from home, excellent colleagues, empowerment

    Cons

    Salary, benefits, takes for ever to get promoted, huge difference from Headquarters


  5. Helpful (4)

    "Several positions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Several Positions in Armonk, NY
    Current Employee - Several Positions in Armonk, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 8 years)

    Pros

    Standard benefits that you can find in other companies.

    Cons

    The difference in salary between a Manager and a direct report is huge and not proportional to the workload and responsibilities for a direct report . Ultimately there is a big number of managers and managers of managers who do not add value to the company and just generate expenses.

    Advice to Management

    There are other Reinsurers which do more with less generating more ROE. The clients appreciate less burocracy and faster response and SwissRE continues adding more people to review just a single transaction that at the same time adds more steps to the process.


  6. Helpful (5)

    "Hierarchical structure in which management and employees are at odds"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Armonk, NY
    Current Employee - Anonymous Employee in Armonk, NY
    Doesn't Recommend

    I have been working at Swiss Re full-time

    Pros

    1. good 401k match
    2. smart people
    3. pleasant working facility

    Cons

    1. The office is controlled by a handful of people and you wouldn't be able to hear voice from other people and different opinions are not welcome.
    2. Very old fashion management style, hierarchical structure and leadership has the absolutely unchallengeable authority.
    3. Leadership has a short-term focus and zero loyalty, only focus on current results and care less about what you have done and your level of commitment to the organization.
    4. Performance goals are only individually-based with no emphasis on team results collaboration or other contributions to the broader organization.

    Advice to Management

    be more open minded, focus on long-term strategy, better performance review process, don't promote cut-throat culture.


  7. Helpful (3)

    "Truly international culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Armonk, NY
    Former Employee - Assistant Vice President in Armonk, NY
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Swiss Re full-time (More than 3 years)

    Pros

    Good work-life balance. Big comfortable office in a spectacular countryside. Lots of training and travel opportunities. Laid back culture. Great benefits.
    I had worked in two departments. In the first one it was awful, in the other it was great. The culture and management quality was not consistent across the company.

    Cons

    The starting salary was above average, but afterwards there was no increase offered. I left after three years of waiting for a promotion.
    The management tried hard to improve the career opportunities for women, by trial and error with a lot of error. But the good intention was there.
    Perhaps the biggest issue is the belief, coming from the Swiss mentality, that it's an employment for life and people would be ok with working in the same position, no promotion or raise, for decades. That grows old fast.

    Advice to Management

    Collect feedback from Associates and AVPs about their managers and get rid of bad managers before the young employees get frustrated and leave. Don't deny people the promotions they deserve and at least reward employees with a sizable raise if you can't offer a promotion.

  8. Helpful (2)

    "Gooc company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Armonk, NY
    Current Employee - Vice President in Armonk, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Swiss Re full-time (More than 10 years)

    Pros

    Great campus location and friendly people

    Cons

    Hard to get a promotion unless you ask

    Advice to Management

    Look within the company to hire before looking out side. Retain talent.


  9. "Head Logistics Armonk"

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

    I have been working at Swiss Re full-time (More than a year)

    Pros

    Overall great company to work for. The benefits are nice and their 401K plan is unmatched. Love the location in Armonk but not a ton of corporate jobs outside of NYC.

    Cons

    Salary increases are definitely hard to come by. Bonus pool is typically as planned. Does not pay as well as finance industry but it is the reinsurance industry afterall.


  10. Helpful (4)

    ""Helicopter management""

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Armonk, NY
    Current Employee - Anonymous in Armonk, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Swiss Re full-time (More than 3 years)

    Pros

    SR has a good 401k and health benefits as well as opportunities for remote work.

    Cons

    Change is desperately needed in some areas, and to effect the "change" they only look to and value the opinion of those who have been there 20 years. When they say they "can't find anyone" for open positions that are really new skill sets to the group, what is really meant is "we can't find anyone who is exactly like we are now".
    High-level managers try to effect "how" something is done without having the proper skill set or understanding. Similar to "helicopter parenting", they give a long laundry list of what they "think" is right, but bear no responsibility when the implementation must occur. This "helicopter management" style drives away any real talent you may have.
    You will not learn much here that you can transfer to employment at other similar institutions.

    Advice to Management

    The first step in learning is to admit when you don't know something and to open your mind to new ways of doing things. The current "control freak" state of management has its' roots in that same management not really understanding what they are doing.


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