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TFC Reviews

19 reviews

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Warren R. Lyons
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19 Employee Reviews

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  1. "Diverse Company"

    Star Star Star Star Star
    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.


  2. "Temporarily stable"

    Star Star Star Star Star
    • 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.


  3. "Great while they were in business."

    Star Star Star Star Star
    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.


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  5. "Good Experience"

    Star Star Star Star Star
    • 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.


  6. "Great company, fantastic people, but Providence-centric organization does not see benefit"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Manager in Portland, OR
    Former Employee - Marketing Manager in Portland, OR
    Disapproves of CEO

    Pros

    Textron Financial's group-level and division-level management remain accessible and aligned with the interests of their employees. Management below the senior level is attune to the market, their employees and extremely well-qualified.

    Cons

    Textron Financial's senior-level management in Providence have not done very well at navigating the current financial environment, and in particular have failed in their duty of convincing Textron Inc. of the future and purpose of having a diversified financial services company as part of an industrial conglomerate. It's unfortunate to see such a solid company with strong division and group presidents be essentially eliminated because of a limited number of bad loans and overreaction on the part of TFC's parent company.

    Advice to Management

    Increase the pace of decision-making. Decentralize the credit decision process so that people who understand the products make the decisions, and generally give the divisions and groups more autonomy.


  7. "Solid leadership and opportunities"

    Star Star Star Star Star
    • 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.


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

    Star Star Star Star Star
    • 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.


  9. "Great company going out of business"

    Star Star Star Star Star
    • 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.


  10. "A Manager makes or breaks the experience"

    Star Star Star Star Star
    • 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.


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

    Star Star Star Star Star
    • 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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