Sr. Manager, New Partner Compensation Programs

Mercer Advisors

39d•Hybrid

About The Position

Mercer Advisors is a leading wealth management platform on a mission to create the context where leading fiduciary professionals can do the best work of their careers. Our M&A and organic growth strategies have fueled 30%+ annual growth, and we’re committed to building the industry standard of integrated wealth management. We partner with high-performing advisory firms to expand our geographic footprint, deepen our capabilities, and create long-term value for clients, partners, and employees. M&A is a core engine of our growth and value creation. Executing this strategy successfully requires intentional integration of the partner firm’s entire team. Compensation is a critical lever in that integration, directly influencing engagement, retention, and long-term alignment with the firm’s objectives. The Sr. Manager, New Partner Compensation Programs is accountable for end-to-end compensation strategy, execution, and governance for acquired partner firms. This role sits at the intersection of Partner Development, People, Finance, and Legal, ensuring that compensation decisions made during transactions are intentional, well-understood, and executable over time.

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.

Responsibilities

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.

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