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LFS Financial Systems

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LFS Financial Systems Reviews

2.8

49% would recommend to a friend

(15 total reviews)
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Bernd Zattler

68% approve of CEO

36% positive business outlook

LFS Financial Systems has an employee rating of 2.8 out of 5 stars, based on 15 company reviews on Glassdoor which indicates that most employees have an average working experience there. The LFS Financial Systems employee rating is 25% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

15 reviews
1.0
10 Dec 2015
Recommend
CEO approval
Business outlook

Pros

Good for newcomers to Germany. English language inside. Well to improve your knowledge in the Microfinance. Good location.

Cons

Chaos. The company doesn't have any processes in IT department. You don't have any rights to say something. All heads at one with each other. Team is not friendly, each divided into pairs and discuss each other.

1.0
16 June 2016

Consultant

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nice people, little backstabbing. Nice office and good location in Berlin. People seem to genuine believe that micro-finance will help the world.

Cons

Cliquey, long standing employees are in "circle of trust" of management, seem to get away with doing very little. Unclear if business model isn't failing. Confused HR which moves people around a lot. No direct supervisor, prospects and development is supposed to be discussed with CEO. Very few perks, no housing or transport allowance abroad, always book cheap hotels (even for several months). Don't expect any comfort while travelling, you will take the cheapest flight, even when it takes extra 5 hours.

1.0
2 May 2018
Recommend
CEO approval
Business outlook

Pros

Do you need a visa for the eu? They will do it for you.

Cons

1. Only few competent people and you will not have the opportunity to work with them. Almost no professionals, wirh very random or no studies. These people will make tear all sound reasoning apart, make random decisions and make one doubt his own skills. 2. The head of different departments have least experience in the respective area - picked exclusively on the years of loyalty dedicated to management. 3. The microfinance field is the stone age of banking. If you ever worked in banking in any eu country, you are overqualified. There is no strategy, no plan, no deadlines, no financial estimation, technically outdated software. Loans are disbursed based on gut feelings, grants received from partners are wasted on meetings and useless discussions, budgets and plans are build up from imagination. 3. A lot of colleagues come and leave whenever they want, sick leaves are constant. Good if you are one of these persons, bad if you wanna advance in tour tasks and need them. 4. There is no possibility to advance anywhere. You will stay in the same position you are employed forever. 5. Since the merger, work security is questionable. Firings happening randomly and spontaneously. 6. Working with so many unqualified people brings one down. You have to explain yourself constantly, decisions will be reverted from one week to another, you will apend hours in meetings with no ourcome and for a matter of fact no actual agenda and topic. You will end up questioning you entire experience, career track, learn nothing (we are talking about microfinance), be emotionally over after a day of just discussing ideas. 7. After experiemce in microfinance, there is almost no track in tou career. There is no additional value to tpu cv but a waste of time, and employers will question this career decision. Tough to get out of this small unprofessional industry.

Viewing 1 - 3 of 15 Reviews

Glassdoor has 21 LFS Financial Systems reviews submitted anonymously by LFS Financial Systems employees. Read employee reviews and ratings on Glassdoor to decide if LFS Financial Systems is right for you.