OPEN JOB: Director, Benefits LOCATION: McLean, Virginia BASE SALARY: $166,000 to $248,000 **Bonus Eligible **Relocation Assistance Available INDUSTRY: Financial Services - Mortgage JOB CATEGORY: Benefits / Compensation Planning ***Candidates can get up to 6 weeks per year approved to work remotely and during Summer Fridays, candidates can work remotely on those Fridays.
FIRM: Financial Services - leader in the secondary mortgage industry
IDEAL CANDIDATE
Someone with demonstrated experience leading benefits strategy, design and execution.
Proven ability to balance strategic vision with operational execution - candidates must be comfortable setting strategy and ensuring their team delivers flawless execution.
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, DFO, President, CEO).
POSITION OVERVIEW:
We are seeking an experienced and strategic Director of Benefits to lead the design, evolution, and administration of the organizations 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 business objectives.
This leader will shape the organizations 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.
Responsibilities: 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
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.
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.
REQUIREMENTS:
15+ years of continuous experience in employee benefits
7-10 years focused on benefits strategy, design, and administration for a large, complex organization
People management experience
Ability to present to senior leadership
Extensive experience with vendor selection, contract negotiation, and perf mgt in benefits space
Professional certification such as CEBS (Certified Employee Benefit Specialist) or similar is preferred
If you are interested in pursuing this opportunity, please respond back and include the following:
MS WORD Resume
required compensation.
Contact information.
Availability
Upon receipt, one of our managers will contact you to discuss the position in full detail.