Much more bureaucratic than average - Anonymous employee Allianz Employee Review

1.0
Jul 3, 2019
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great city location, close to gym and food options. Part of a large global company.

Cons

Too much red tape. Constant tensions amongst colleagues not working as one team. Below market pay vs responsibilities. Old and clunky systems and processes still in use although transformation was underway it was at least 15 years behind most financial services so would take quite a while. Surprisingly more difficult place to work for its relative small size in Australia. Felt more like a local company with sadly little smart global approach to things.

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5.0
Jun 17, 2026
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Pros

Quick interview process, maternal leave was available before 1 year of employment

Cons

You did have to work at least one day on the weekend.

2.0
Jun 17, 2026
Recommend
CEO approval
Business Outlook

Pros

Good benefits, hybrid work arrangement is flexible (you can choose your 3 days in office)

Cons

Tenure and friendship is valued more than actual skillsets. Many people in Ops have no formal college education or true technical skills, and have been complacent in the dept for 10+ years. This leads to inefficient and stale processes that are reluctant to change. The culture is extremely passive aggressive and long-tenured employees are not welcoming to new hires from outside of the organization. People will go out of their way to sabotage opportunities for those offering new perspectives with greater value add. This causes forced interactions with low value collaboration. Many in analytical roles do not even understand basic Microsoft Office skills, Excel functions, V/XLOOKUPS, etc. and data is often reviewed manually per line item… This company is run like a low budget mom and pop shop where inefficient and backwards practices are toxically in circulation.

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