Freddie Mac · 5 days ago
Director, Benefits
McLean, VA
Full-time
Onsite
Director/Executive
$166K/yr - $248K/yr
15+ years expFreddie Mac is dedicated to making home possible for millions of families across the country. They are seeking an experienced Director of Benefits to lead the design, evolution, and administration of their benefits program, ensuring alignment with business objectives and delivering operational excellence. The role involves strategic planning, vendor management, and team leadership to enhance employee experience and compliance.
FinanceFinancial ServicesRisk Management
Responsibilities
Develop annual and long-term benefits vision and strategic roadmap, aligning with Freddie Mac’s business objectives and long-term talent strategy
Oversee competitive benchmarking, market intelligence, and assessment of emerging benefits trends, technologies, and industry innovations to continue to position Freddie Mac as an ongoing employer of choice
Evaluate workforce demographics, health data, and overall benefit program utilization patterns to design benefit strategies that optimize health outcomes, retirement savings opportunities, employee experience, cost management, and competitive positioning
Develop recommendations for senior leadership on benefit investments, plan design, and transformational initiatives
Lead vendor strategy and the selection of strategic partners (401(k), medical/dental/vision carriers, PBMs, etc.) that deliver measurable value at a competitive cost
Maintain collaborative partnerships with vendors to drive innovation, outcomes measurement, and excellence in service delivery and cost outcomes
Negotiate benefit contracts and service agreements that optimize financial terms, performance accountability, and strategic flexibility
Lead team to deliver consistently excellent benefit plan administration
Manage significant benefits budget, updating cost forecasting, and financial performance; partner with Finance and actuarial consultants to optimize retiree medical funding approaches, model scenarios, and demonstrate value for investment
Champion continuous improvement in processes, systems, and service delivery
Oversee team managing annual enrollment strategy and execution with clear communication and high employee engagement
Guide the evolution of benefit plan design to balance value, choice, affordability, and fiscal responsibility
Maintain governance structures, policies, and decision-making frameworks that ensure consistent, equitable, legally compliant benefit delivery and mitigate risks through proactive oversight
Ensure all plans comply with federal, state, and local regulations (ERISA, ACA, COBRA, HIPAA)
Lead a high-performing benefits team, coach team members to elevate their capabilities, take ownership of outcomes, and deliver results that exceed standards
Foster a culture of collaboration, innovation, accountability, continuous learning, and service quality
Be positioned to manage any future benefits transformations, ensuring stakeholder alignment, effective communication, and successful adoption across the company
Serve as a thought leader and trusted advisor to senior HR leadership, and cross-functional partners on overall benefits strategy and industry trends; represent Freddie Mac externally through participation in industry forums, coalitions, roundtables, and advisory councils
Qualification
Required
Bachelor's degree in human resources, business administration, or a related field
Minimum of 15 years of continuous experience in employee benefits, with at least 7-10 years focused specifically on benefits strategy, design, and administration for a large, complex organization
Professional certification such as CEBS (Certified Employee Benefit Specialist) or similar
Demonstrated, extensive experience leading benefits strategy, design and execution
Extensive experience with vendor selection, contract negotiation, and performance management in the benefits space
Proven ability to balance strategic vision with operational execution—candidates must be comfortable setting strategy and ensuring their team delivers flawless execution
Strong track record of building and leading teams to achieve both strategic and operational excellence
In-depth knowledge of federal and state benefits legislation (e.g. ERISA, ACA, COBRA, HIPAA) and compliance requirements
Strong analytical and financial management skills
Excellent communication, presentation, negotiation, and interpersonal skills, with the ability to influence and collaborate effectively with all levels of the organization, specifically senior leadership (CHRO, CFO, President, CEO)
Proven leadership, coaching, and project management skills, with the ability to manage multiple priorities and lead cross-functional initiatives in a fast-paced environment
Experience with self-insured health plans, retiree medical actuarial valuation processes, and claims analytics
Benefits
Comprehensive total rewards package
Competitive compensation
Market-leading benefit programs
Company
Freddie Mac
Freddie Mac is a public government-sponsored enterprise that provides mortgage capital to lenders.
5001-10000 employees
Funding
Current Stage
Public CompanyTotal Funding
$3.58BKey Investors
DLP Capital
2025-12-30Post Ipo Debt· $108.4M
2025-10-28Post Ipo Debt· $343.2M
2025-09-09Post Ipo Debt· $707M
Leadership Team
Dennis G. Hermonstyne
Senior Vice President and Chief Compliance Officer
Peter Lillestolen
Vice President - MF Production and Sales, Targeted Affordable Housing
Recent News
2026-01-17
2026-01-17
2026-01-16
Company data provided by crunchbase