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Position Overview:

We are seeking an experienced and strategic Director of Benefits to lead the design, evolution, and administration of Freddie Mac’s benefits program. This leader will be responsible for developing the strategic direction for our benefits program steeped in comprehensive, competitive, cost-effective offerings aligned to Freddie Mac’s business objectives.

This leader will shape Freddie Mac’s benefits strategy and lead a team committed to operational excellence, delivering seamless administration, full compliance, and a positive employee experience. The ideal candidate will possess a deep understanding of the evolving benefits landscape, a proven track record in strategic benefits planning, the ability to deliver operational excellence through strong team leadership, and exceptional skills in cross-functional collaboration.

R esponsibilities:

Benefits Strategy:

• 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.

Vendor Strategy & Partnerships:

• 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.

Operational Excellence & Plan Administration Leadership:

• 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.

Benefit Plan Design & Governance:

• 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).

Leadership:

• 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.

Qualifications:

• 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.

Keys to Success:

• 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.

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $166,000 - $248,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.