Director, Total Rewards

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

In this compelling leadership position, you will lead a team that implements, communicates, and administers core total rewards (compensation, benefits, and recognition) programs for the organization. You will partner with senior leadership to design the strategic roadmap for the company and empower the team to execute on the strategy. You will advise management on compensation and benefits programs and issues affecting current and prospective employees and interpret policies and program features. You will serve as a representative of the unit and hire, train, and develop staff.

THE IMPACT YOU WILL MAKE
The Director, Total Rewards role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Lead employees performing core compensation or benefits functions for the firm. Ensure close communication across the team with an eye to high employee engagement and morale. Ensure work products are timely, accurate, consistent, and comprehensive.
• Strongly support the VP, Total Rewards on strategic initiatives, act as a thought partner on key deliverables and communication to the firm.
• Direct the strategic planning and administration of cyclical compensation and benefits processes, audits and reviews (e.g. Salary Planning Adjustment (“merit”) and JCP (promotion and job change) process, open enrollment, internal and external audits, etc.) with the ability to influence any overall strategic changes.
• Assist with the review and potential redesign of our overall benefits and compensation processes as we implement Workday scheduled to go-live in mid-2025.
• Coordinate with the HR Service Center to drive strategic alignment between groups, particularly as it relates to employee benefits programs.
• Support the executive compensation processes and strategic relationship with FHFA as needed.
• Partner with Benefits Accounting and Financial Planning and Analysis to design best in class model and implement overall cost management processes.
• Serve as a representative of the unit with HR generalists, business unit management, internal oversight functions and external stakeholders. Manage governance for the unit, including policy, procedure and practices oversight.
• Work with Compensation team to confer with business units who are planning or executing a major staffing increase, organizational change, or realignment of staffing to ensure adherence to compensation policies and achievement of compensation objectives consistent with those policies.
• Provide thought leadership and analytical expertise on complex issues.
• Serve as an escalation point for questions on the interpretation of program features for the organization’s compensation and benefits programs.
• Track legislation and regulatory matters affecting employee benefits and compensation and help to assess effects on how the organization’s programs should be designed, reported, communicated and administered.
• Confer with vendors representing a variety of benefits and compensation support services, consulting organizations, market data aggregation and display firms, and the like to communicate the company's needs and interests.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 8 years of related compensation and benefits experience
• Experience designing and administering employee benefits, paid time off, and work/life plans in a self-insured environment
• Experience staying abreast of the changing regulatory environment for benefits and setting a long-term benefits strategy that considers employee value and business considerations
• Experience solving complex compensation issues through quantitative and qualitative analysis
• Proven ability to take a consultative approach while balancing customer and business objectives
• Prior people management experience with proven ability to effectively develop the team’s skills, provide feedback, and encourage development
• Able to handle day-to-day operations as well as set and implement longer-term objectives
• Proactive problem solver capable of achieving results in a collaborative environment
• Experience developing and delivering presentations to various audiences, including senior management
• Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
• Skilled in Excel and PowerPoint

Desired Experiences

• Bachelor's Degree or equivalent required
• Experience helping an organization to plan and manage change in effort to meet strategic objectives
• Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, Power BI, or similar
• Strong Relationship Management skills, including experience managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
• Experience with Performance Measurement processes, including evaluating programs, and defining and measuring KPIs, particularly as it relates to compensation
• Experience conducting, developing, and evaluating training and instructional design
• Experience with Business Process Management including business process modeling, process design and implementation
   

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The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is primarily a hybrid company.  We embrace flexibility for our employees while providing office space for in-person work and collaboration.  This role is classified as Hybrid. If you speak with a Recruiter, they will provide you with more information about the definition of this classification.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.