Senior Manager, New Partner Compensation Programs

Role Overview

• Assess and diagnose current seller compensation plans.
• Partner with Partner Development, Finance, People, and Legal during diligence and deal structuring to design aligned compensation approaches.
• Model compensation scenarios and clearly articulate tradeoffs and considerations.
• Ensure compensation commitments made during negotiations are deliberate, documented, and operationally feasible post-close.
• Own and maintain clear, scalable compensation frameworks for M&A, including standard models, transition approaches, and exception criteria.
• Define governance for bespoke arrangements, including tracking, sunset provisions, and conversion to standard plans.
• Create repeatable playbooks, tools, and documentation used by deal teams, People Partners, Rewards, and Finance.
• Develop clear education materials for incoming partners explaining Mercer’s compensation philosophy, programs, and what to expect over time.
• Translate specific compensation commitments into Mercer’s compensation cycle.
• Manage phased transitions, including multi-year or multi-cycle transitions.
• Ensure accuracy and alignment across Compensation, Legal and Finance.
• Act as the escalation owner for M&A compensation issues post-close.
• Maintain a centralized, living repository of all M&A compensation commitments.
• Serve as the single source of truth for historical M&A compensation decisions.
• Build and maintain deep industry expertise in wealth management compensation practices, including advisor, partner, and leadership pay models.
• Interact directly with sellers, acting as a credible, trusted partner.
• Represent Mercer’s culture of collaboration, professionalism, and long-term partnership in all seller interactions.
• Partner seamlessly internally, presenting a unified and collaborative front to sellers.

Requirements

• Strong business acumen paired with compensation expertise.
• Strong financial modeling and analytical skills.
• Comfort operating in ambiguity and making tradeoffs.
• High emotional intelligence and strong executive presence. Able to build trust and credibility with senior stakeholders in high-stakes situations.
• Ability to explain complex topics clearly and simply.
• Experience in M&A or Corporate Development environments.
• Financial Services or Wealth Management experience preferred.

Benefits

• Company Paid Basic Life & AD&D Insurance
• Company Paid Short-Term and Long-Term Disability Insurance
• Supplemental Life & AD&D; Short-Term Disability; Accident; Critical Illness; and Hospital Indemnity Insurance
• Three Cigna medical plans offerings including two High Deductible Health Plans and a Traditional Co-Pay medical plan.
• Kaiser Medical plans available in California
• Health Savings Account (HSA) with company contributions if enrolled in either HDHP medical plan.
• Two comprehensive Dental Plans
• Vision Insurance Plan
• Dependent Care Savings Account for child and dependent care.
• 14 Company Paid Holidays including a full week off at Thanksgiving.
• Generous paid time off program for vacation and sick days
• Employee Assistance Plan
• Family Medical Leave
• Paid Parental Leave (8 weeks)
• Maternity benefits utilizing company paid STD, any supplemental STD, plus Parental Leave (8 weeks) to provide time for recovery, baby bonding, and enjoying your family time.
• Adoption Assistance Reimbursement Program
• Company Paid Concierge Services for you and your loved ones for the spectrum of caring needs for your aging parents, young children, life’s challenges and more.
• 401(k) Retirement Plan with both Traditional and Roth plans with per pay period match as well as an after-tax option
• Pet Insurance
• Personalized financial planning and guidance from Mercer Advisors professionals, offered at preferred employee pricing