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Clearwater Analytics (CWAN)

Engaged Employer

Clearwater Analytics (CWAN) reviews

3.5

60% would recommend to a friend

(904 total reviews)
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Sandeep Sahai

63% approve of CEO

59% positive business outlook

Clearwater Analytics (CWAN) has an employee rating of 3.5 out of 5 stars, based on 904 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Clearwater Analytics (CWAN) employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

904 reviews
2.0
May 6, 2014

The negative reviews are very accurate

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's a job with decent benefits and can be fun at times. It's also great if you like working downtown. When I first started I was more optimistic about career paths but it's limited regardless of how smart, ambitious or hardworking you are. There are a lot of great people here but no different than what you would see at other companies. There's a good training program around investment accounting but agree with other reviews that it will not really translate to many other companies or careers.

Cons

Unfortunately, the negative reviews are very accurate. And although some of the positive reviews have some truth, they appear to be written by HR to counter the negative. I also am female and agree that there's not a boys club but there most certainly is a church club. Since I've been here, I've seen great people in management who excelled in their positions, forced out to be replaced by someone in the club. I've also seen different treatment among employees and special treatment extended to those in the club. Yes, unfortunate and frustrating but it's the reality here and everyone has just learned to accept it. Depending on the group you are in, you could be expected to work extremelly long hours with no additional compensation.

1.0
Mar 11, 2021
Recommend
CEO approval
Business Outlook

Pros

You get to work with some high caliber clients Great, highly capable individual contributors Fast-paced environment, never a dull moment You are treated well if you are in a non-operations role like sales or development

Cons

Clearwater's culture has changed dramatically, for the worse, over the last few years under Sandeep's leadership. Under the guise of bringing in experience, highly knowledgeable and inspirational Clearwater leaders with valuable institutional knowledge are being passed over for "industry experience" hires. To that vein, a number of Genpact people that worked with Sandeep previously have been placed in senior leadership roles, some of which make no sense. For example, why is Clearwater's Chief Client officer located in India when nearly all of our clients are in the US and Europe? Leadership isn't listening to its employees. Instead they look at faulty data, and there have been several anecdotes where employee sentiment is discounted vs what the "timesheets" data is saying. Yes, under Sandeeps leadership everybody tracks their time. There used to be a value around "owning the solution", taking initiative and solving a problem that you see needs solved. The coaching that operations now gets is "stay in your lane", and anything you do differently needs to be cleared through multiple levels of management which goes nowhere. The value of "self organizing teams" has gone out the window. Innovation in operations has come to a standstill. People used to be able to move fairly freely through the organization if they are looking for a change. Now it requires approvals which in turn is causing people to look externally vs internally. Performance Management scores are now on a forced distribution, so if you have a team of high performers, somebody is still getting a 1. Clearwater's #1 priority used to be client success. Now the number 1 priority is to keep gross margin up so the company is valued well for an IPO and Welsh Carson, Sandeep, and his friends get a magnificent payout at the expense of an overworked and understaffed workforce. The operation in general is in poor shape. The middle managers are leaving in droves as their health and families take major tolls due to the demands from operational and software failures out of their control. The system has been in poor shape for months, fraying operations people as they have to work around the clock to make up for system shortfalls. Another office was started in India but the training of the staff is poor, and it seems nobody thought through how the US, UK, and India would operate as a cohesive group. Clients are left to train their own reconcilers. Open and honest feedback is encouraged publicly, but retaliated against privately to the point of bullying and verging on lawsuit material. Development releases are slower than ever, implementations are slower than ever, and while sales is going gangbusters, there is not the staff to implement the solution. We are coached to trust in our leaders, but our leaders offer no solutions and are taking no action to make the operational situation better.

1.0
Mar 15, 2021
Recommend
CEO approval
Business Outlook

Pros

Clearwater is a fast-growing company. Sales are through the roof, so there's no shortage of work. Many of the low-level employees are high-performers, very smart and motivated, and great to work with. The product itself is industry leading, and most of the clients are great to work with.

Cons

It's hard to know where to begin. The focus for the last 12-18 months has been maximizing gross profit margin in preparation for a public offering sometime soon. Upper/middle level management won't admit to it, but that's what they are doing. It's turned the workplace into a burn and churn environment. The resource concerns we all had 18 months ago went ignored, and now they are paying for it, with many employees leaving. I worked many 12 hour days for a long time, with no end in sight. It was a difficult decision to leave the company. I didn't want to let down my co-workers who were also working as hard as me, and I knew all my work would fall on them. The Employee Satisfaction Survey scores were so low during the last survey I was there for, that they refused to release them company wide and instead "wanted to address it directly with those departments". I never saw any results from the ESS, in my department or otherwise. The system itself has had reliability and stability issues, which means that the employees have to work extra and perform manual work to make up for the lack of performance in the system. Additional checks, extra work, and angry clients make period ends extra stressful. Compensation is ok, until you factor in all the stress and time spent working in excess of 40 hours. Then, it gets worse. One last item - management professes to "promote from within". Yet many of the leadership positions that were hired recently were only posted externally, and no internal employees were given an opportunity to interview for these positions.

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Clearwater Analytics (CWAN) Response
5y
We are very sorry to see you go and thank you for writing a detailed review. Every feedback helps us to become a better version of ourselves. We are poised for even higher growth and hired even during the pandemic when most companies were shedding jobs and continue to hire at a high rate given the pace of our growth. As a company our focus is always our employees and the client and we are constantly making efforts to institute changes and measures to reflect it. Almost a quarter of our openings were filled by internal employees in 2020 and we continue to offer more as more global opportunities open up. we thank you for your service and wish you all the best. Stay safe.
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Glassdoor has 944 Clearwater Analytics (CWAN) reviews submitted anonymously by Clearwater Analytics (CWAN) employees. Read employee reviews and ratings on Glassdoor to decide if Clearwater Analytics (CWAN) is right for you.