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TFC Reviews

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3.6
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Warren R. Lyons
1 Rating

20 Employee Reviews

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  1. "Director of Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director of FP&A in Garden City, NY
    Current Employee - Director of FP&A in Garden City, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at TFC (More than a year)

    Pros

    • In charge of FP&A, accounting supervision, control and managing related expenses.
    • Created corporate financial and accounting structures, establishing processes with formal and standard reporting to enable solid outlooks and financial strategic planning.
    • Set up and build financial models to create the budget, forecast revenue and cash flow, as well as running various scenarios to grow through different sources of increased funding.
    • Implement consolidated reports to allow good visibility of financial performance and projections

    Cons

    Small compnay in an early growth stage which at this point is not able to offer opportunities to advance in your career.
    Other than that, great business model and very profitable business, although at a low scale. In fact, the main focus of the company is to obtain funds to make more loans.

    Advice to Management

    I don't have any advice to management, they are a fine group of people who know what they want where they're going. I am part of that group and consider the company is going in the right direction and expects to double its profits within a year.


  2. "Diverse Company"

    StarStarStarStarStar
    Former Employee - Audit Manager in Glastonbury, CT
    Former Employee - Audit Manager in Glastonbury, CT
    Recommends
    Neutral Outlook

    Pros

    There were several different divisions at Textron Financial that specialize in niche financing. Additionally Textron Inc. provides other opportunities for employees if you are looking to grow with a large company.

    Cons

    In 2008 Textron Financial liquidated several of its financing divisions.

  3. "Temporarily stable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Providence, RI
    Former Employee - Anonymous Employee in Providence, RI
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    For someone walking into a field with which I had very little formal experience, I found a great opportunity to gain experience and move forward. They offered a great tuition reimbursement program.

    Cons

    Staff feedback and communication to management did not seem to be a high priority. Communication in general seemed to be an issue. Certain people were in management positions who seemed to have insufficient experience with the technical and/or technological aspects of their departments.

    Advice to Management

    From what I understand the TFC that existed when I was there is now defunct, but for what it's worth, it seemed management could have prioritized intra-corporal communication and education by spreading out their work load.


  4. "Solid leadership and opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at TFC full-time

    Pros

    Leaders do a good job communicating goals, challenges and other important information. Many opportunities to be challenged and step up in responsibility.

    Cons

    Sometimes bureacracy can get in the way, and what should be easy becomes complex. Mediocre performance can get lost in the shuffle and allowed to persist.


  5. "Very rewarding experience. A lot of career growth, i.e., started out as a developer and ended up in senior management."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at TFC full-time

    Pros

    Very talented team of professionals, who are dedicated to providing world-class customer service. Strong management team, with diverse backgrounds.

    Cons

    Since 2008 downturn, company portfolio has been reduced by 80%. Although this was the intention, it resulted in a significant reduction in staff. The team is now focused on providing Captive financing only, i.e., only Textron products. Nationwide operations reduced to located in Wichita, KS with only sales offices being world-wide.


  6. "Great company going out of business"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Very nice people, good pay, good benefits, company treated people very well

    Cons

    Non-captive part of company is going out of business.


  7. "Great while they were in business."

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Alpharetta, GA
    Former Employee - Anonymous Employee in Alpharetta, GA
    Doesn't Recommend
    Negative Outlook

    I worked at TFC full-time (More than 10 years)

    Pros

    None- company in final stages of liquidation.

    Cons

    Grim environment due to corporate liquidation.

    Advice to Management

    Treat your remaining employees like human beings and not sides of beef.

  8. "Good Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Manager in Minneapolis, MN
    Former Employee - Account Manager in Minneapolis, MN
    Recommends
    No opinion of CEO

    Pros

    Learning opportunities are outstanding, high potential employees have sufficient opportunities to advance but may require relocation, wonderful opportunities for Six Sigma

    Cons

    there is a lack of communication between management and employees. advancement is entirely employee driven. The company is shrinking due to the liquidation of its non-capitve business

    Advice to Management

    Keep your employees informed and allow your middle mangers to actually direct the employees the manage.


  9. "A Manager makes or breaks the experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    TFC had a great bonus program.

    Cons

    Terminally effected by the recession

    Advice to Management

    Be sure that managers are treating employees fairly, humanely and with respect. TFC lost this good employee because of manager betrayal and other unprofessional conduct.


  10. "Good place work, until they shut us down"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President of Sales
    Former Employee - Vice President of Sales
    Recommends

    Pros

    Good pay and benefits, left alone by mgmt. Good support from management.

    Cons

    Shut down commercial finance division, liquidating portfolio. Communication from management could be better.

    Advice to Management

    Don't make political decisions on who to retain. Should have tried to ride out the storm.


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