Compensation Manager

Freddie Mac; United States; On-site; USD 138,000 - 206,000; Full time

Job summary

Freddie Mac is seeking a Compensation Manager to lead a team of compensation professionals and shape total rewards programs. You will drive market-driven pay, oversee annual processes, and partner with HR, Finance, Payroll, Legal to align with business goals.

Candidate will have 8–10 years in compensation with leadership experience, strong Excel/PowerPoint skills, and experience with Workday Advanced Compensation to enable data-driven decisions.

Qualifications

• 8–10 years of compensation experience with 2+ years in people leadership.
• Design, administration, and implementation of base pay, incentives, market pricing.
• Ability to lead & communicate analyses to managers and senior leaders.
• Proficient in Excel/PowerPoint; Workday Advanced Compensation experience.

Responsibilities

• Lead, coach, and develop a team of compensation professionals.
• Oversee compensation programs, cycles, data refreshes, and recognitions.
• Establish scalable approaches and guidance for enterprise decisions.
• Perform analyses and provide practical recommendations to HR and leadership.
• Partner with HR, Finance, Payroll, Legal, and business teams.
• Lead improvements to processes, reporting, and Workday-enabled capabilities.

Skills

People leadership

Compensation design

Data analytics

Excel

PowerPoint

Workday Advanced Compensation

Cross-functional collaboration

Communication to senior leaders

Education

College degree or equivalent

Advanced degree or CCP preferred

Tools

Workday Advanced Compensation

Excel

PowerPoint

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

Position Overview:

Join Freddie Mac's Compensation team as a Compensation Manager, where you will lead a team and help shape compensation and recognition programs that attract, retain, and motivate top talent.

In this role, you will lead and develop a team of compensation professionals, oversee key enterprise compensation programs and processes, and help evolve the tools, resources, and capabilities that support Freddie Mac's Total Rewards strategy.

Our Impact:

• We partner with business leaders and HR partners to design and deliver competitive, market-driven compensation and recognition programs that support Freddie Mac's talent and business objectives.
• We provide compensation consulting, market intelligence, and strategic guidance that help attract, retain, and motivate top talent.
• We lead enterprise compensation programs, annual compensation processes, and recognition initiatives that support business priorities and employee engagement.
• We leverage data, technology, and analytics to continuously improve compensation programs, strengthen decision-making, and enhance stakeholder experiences.

Your Impact:

• Lead, coach, and develop a team of compensation professionals, strengthening capabilities, fostering accountability, balancing workloads, and supporting high-quality execution.
• Oversee compensation programs, projects, and recurring processes, including market data refreshes, survey participation, compensation planning, recognition, stakeholder communications, and other enterprise compensation initiatives.
• Establish clear approaches, tools, and guidance that enable consistent and scalable compensation decisions across the enterprise.
• Perform and review complex compensation analyses, apply sound compensation judgment, and provide clear, practical recommendations to HR partners and business leaders aligned with business needs and compensation philosophy.
• Partner across Human Resources, Finance, Payroll, Legal, and business teams to implement compensation programs and resolve complex issues.
• Lead improvements to compensation processes, reporting, technology, and Workday-enabled capabilities to strengthen efficiency, scalability, and stakeholder experience.
• Support fair, equitable, and business-aligned pay decisions while balancing enterprise priorities, risk, and employee experience.

Qualifications:

• At least 8-10 years of progressive compensation experience, including 2+ years of people leadership experience leading compensation professionals. College degree or equivalent experience required; advanced degree or Certified Compensation Professional (CCP) designation preferred.
• Demonstrated expertise in the design, administration, and implementation of compensation programs, including base pay, incentive plans, market pricing, and compensation planning, with the ability to evaluate complex situations and develop practical, data-driven solutions.
• Proven ability to lead and motivate a team, build collaborative relationships across Human Resources and business functions, and communicate compensation analyses and recommendations clearly and effectively to managers and senior leaders.
• Strong proficiency in Microsoft Excel and PowerPoint; experience using Workday Advanced Compensation and leveraging data, analytics, and reporting tools to support compensation planning, cycle administration, and program enhancements.

Keys to Success in this Role:

• People leadership skills and a commitment to coaching, developing, and creating accountability across the team.
• Ability to translate compensation strategy and complex data into clear, practical, and scalable approaches.
• Strong program and project leadership, with the ability to connect strategy, execution, and change management.
• Sound judgment and the ability to make decisions, navigate ambiguity, and balance multiple enterprise priorities.
• Collaborative mindset with the ability to build alignment across Human Resources, Finance, Payroll, Legal, and business teams.
• Curiosity and initiative to use technology, AI, automation, and new ways of working to improve compensation processes.

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.

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 $138,000 - $206,000 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.