Freddie Mac Senior Director Reviews

Updated 12 Apr 2020

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3.9
87%
Recommend to a Friend
100%
Approve of CEO
Freddie Mac CEO David Brickman
David Brickman
1 Rating
  1. "Great company but bureaucratic IT and Finance organizations"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Director in McLean, VA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great new CEO, good mission, good benefits

    Cons

    IT and Finance are inefficient and bureacratic

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    Freddie Mac Response

    April 21, 2020HR Communications

    Thank you for your review and for highlighting our senior leadership and comprehensive benefits package at Freddie Mac. We also appreciate your feedback on our digital transformation. We are continuously refining our approach to support the company’s success and look forward to rolling out many exciting updates in the coming months. Thank you for your years of service and for your support of our important mission.

  2. Helpful (7)

    "Passive Aggressive environment"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Director in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Freddie Mac full-time for more than 5 years

    Pros

    Good pay & benefits. Some really great people who are not utilized to their fullest extent

    Cons

    - very little transparency from senior management - extremely passive-aggressive environment - they wait until after the meeting where they agreed to disagree, but won't tell you directly across all 4 divisions. - weak leadership in risk management - too many senior management with individual goals that interfere with overall objectives.

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    Freddie Mac Response

    November 30, 2018Talent Community Manager

    Thank you for taking the time to provide us with your feedback. At all levels, it's important to continue to grow, that's why we offer executive coaching to our senior leaders so they can be at their best.


  3. Helpful (1)

    "Director"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Director in McLean, VA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    A great environment to work.

    Cons

    The traffic in Tysons Corner.

    Freddie Mac Response

    September 27, 2018Talent Community Manager

    Thank you for your review and letting us know that we’re on the right track. We encourage employees to check out our commuter benefits program to possibly improve one’s commute.

  4. Helpful (1)

    "Leadership Quandary"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Director in McLean, VA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Freddie Mac full-time for less than a year

    Pros

    1. convenient location 2. nice benefits 3. past few years IT and business have seen dramatic transformations and introductions of very compelling products over cutting edge infrastructure

    Cons

    Recent leadership changes has put the top tier team in a state of quandary and the company is about to become the heaven for pricey consultants churning out mindless decks all over again while the team will be running like headless chickens.

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  5. "Freddie Mac from the past to the future"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Director in McLean, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Freddie Mac full-time for more than 10 years

    Pros

    Large firm with many opportunities, everything and anything mortgage related. If you are in the early stages of your career, you can migrate to many openings in the company.

    Cons

    Significantly changing environment and strict oversight by FHFA. The higher up in your career, the less opportunities there are to advance, as many long timers hold their roles.

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  6. Helpful (9)

    "Correcting review "All about saving money ...""

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Director in McLean, VA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Freddie Mac full-time for 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.

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  7. "Challenging and Very Bureaucratic"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Director in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Freddie Mac full-time for more than 3 years

    Pros

    Compensation, training, teamwork within departments

    Cons

    Infighting between departments, sudden downsizing

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  8. Helpful (1)

    "A roller coaster ride with some of the brightest people you will ever meet"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Director in McLean, VA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Challenging time in housing Opportunities to shape the future of housing finance Brilliant people Most diverse work force I have ever seen Great benefits Competitive in salary 40 percent of time can be spent telecommuting in many jobs

    Cons

    The future of housing finance is up for debate. The great unknown is whether Freddie Mac will be around to experience it.

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  9. "Great company to work for with career opportunities"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Accountant in Jersey City, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Freddie Mac full-time for more than 5 years

    Pros

    Well balance Work life for all

    Cons

    Will have to travel Over 75 percent of the time

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  10. "Bureaucracy, Inefficiency, and Complicated"

    3.0
    Senior Financial Controller 

    I worked at Freddie Mac

    Pros

    Nice cafeteria. As a contractor, I could come and go as necessary. Learned a lot and was able to stretch and grow job wise.

    Cons

    To much over-time for full-time employees concerning tasks that are in 'hurry up and wait status'. Wait long enough and these tasks will go away and morph into something else.

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Found 17 reviews