Freddie Mac

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Show:  All Results Last 7 Days
21 hrs ago

Product Development-Senior - Business Analyst – new

Freddie Mac McLean, VA

include: • Analyzing, designing and developing the business offering, as well as oversight and management of the implementation process… Freddie Mac


30+ days ago

Operations Change Management-Manager

Freddie Mac McLean, VA

Include: • Manage Change Management Initiatives for the Pricing, Selling System, LP (Loan Prospector) and LQA (Loan Quality Advisor). • Lead business… Freddie Mac


16 days ago

Business Analysis Professional

Freddie Mac McLean, VA

include: • Requirements gathering • Software development • Execution of ad hoc reporting • Analysis of data to provide actionable insights for the… Freddie Mac


30+ days ago

Economic Modeling Professional

Freddie Mac McLean, VA

include: • Developing analytical methods and models that assess the credit risk of consumer behavior and mortgage products • Providing resolutions to… Freddie Mac


30+ days ago

Project Management-Manager

Freddie Mac McLean, VA

include: • Navigate sponsors of new initiatives/offerings through both Multifamily and Corporate Change Governance (CNBI) processes to ensure all… Freddie Mac


30+ days ago

Technical Lead - Development

Freddie Mac McLean, VA

The Common Securitization Platform Legacy Integration (CSP-LI) program has been established by Freddie Mac with the objective of implementing changes… Freddie Mac


2 days ago

Systems Analysis Professional – new

Freddie Mac McLean, VA

Include: • Works with development, operations, technical support and other IT areas as appropriate throughout the development and installation… Freddie Mac


24 days ago

Financial Controller Professional

Freddie Mac McLean, VA

include: • Perform daily and monthly validations/reconciliations reconciling between the sub ledger/general ledger to source systems • Prepare… Freddie Mac


17 days ago

Audit Risk Modeling-Senior

Freddie Mac McLean, VA

include: • Supervise the day to day operations for a single project, including an audit, follow up, or pre-implementation review. • Operate… Freddie Mac


30+ days ago

Accounting Policy & External Reporting Senior

Freddie Mac McLean, VA

include: • Analyze monthly, quarterly, and annual financial results, specifically those associated with the Single-family guarantee and Multifamily… Freddie Mac


Freddie Mac Reviews

383 Reviews
3.3
383 Reviews
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
106 Ratings
  • 9 people found this helpful  

    Correcting review "All about saving money ..."

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Director in McLean, VA
    Current Employee - Senior Director in McLean, VA

    I have been working at Freddie Mac full-time (more than 10 years)

    Pros

    The company still provides matching contributions to the 401(k) plan -- up to 6% of comp, subject to IRS limits. They provide a temporary contribution to offset the termination of the pension plan (but it's not nearly high enough to make up for the loss of future years of service under the pension plan). Senior management's comp is governed by law and the FHFA -- they are not "fatcat executives" -- at least not when compared to executives at financial institutions that are not in conservatorship.

    Cons

    In the past few years, Freddie Mac has cut employees and benefits. They terminated the pension plan. They reduced the severance plan. Yes, they got rid of free soda. Compensation is stagnant (raises of 1% - 2% per year). They eliminated matching contributions for employee's charitable contributions. They have increased the employee's share of the cost of health insurance premiums. Notwithstanding their promotion of flexible work arrangements, many managers frown upon the practice. They have revised the compensation system to favor "above plan" employees to the detrimiment of "on plan" and "below plan" employees and, at the same time, they have instituted an employee performance system that forces managers to rate 10% of employees as "below plan." Consequently, some "on plan" employees will be rated "below plan" and will received reduced compensation without any justification for such a rating or reduction. Given this recent experience, I would expect comp and benefits to be further reduced in the future.

    Advice to ManagementAdvice

    Despite wanting to be a "great" company, senior executives manage towards mediocrity when it comes to compensation and benefits. If the company wants to be like Google, it needs to provide comp and benefits like Google, not the "midpoint of the comparator group of similar financial services companies" (HR double speak) that they always say they look at when determining comp and benefits.

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