Mercury Insurance

Sr Manager Compensation

Mercury Insurance$128K — $252K *
US-AnywhereRemote in United States
Business Services
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Human Resources, Finance, Economics, Business, or related field; MBA or HR certifications preferred.
  • 12+ years of progressive compensation experience in complex organizations, covering executive, sales, and broad-based compensation.
  • 8+ years of experience leading teams and managing cross-functional programs from design to implementation.
  • Proven ability to partner with and influence senior leaders on strategic decisions.
  • Strong analytical skills with expertise in Excel and familiarity with HRIS/comp tools.

Responsibilities

  • Define and advance Mercury’s total compensation philosophy in alignment with business strategies.
  • Establish governance frameworks for compensation programs, including pay, incentives, and recognition.
  • Design and refine executive compensation plans in collaboration with Finance and the Board.
  • Oversee broad-based salary structures and ensure internal equity while maintaining market competitiveness.
  • Utilize data analytics to inform compensation decisions and market insights.
  • Lead enterprise initiatives like pay equity and job architecture modernization.
  • Serve as a compensation advisor to senior leadership, providing guidance on compensation-related issues.

Benefits

  • Flexible work-from-home options for most roles.
  • Generous paid time off policy, including vacation, sick leave, and holidays.
  • Incentive bonus programs including performance bonuses and referral bonuses.
  • Comprehensive medical, dental, vision, and life insurance offerings.
  • 401(k) plan with company matching contributions.
  • Opportunities for professional development and education assistance.
  • Company recognition programs to celebrate employee contributions.
Full Job Description
Overview

Position Summary:

The Sr. Manager, Compensation is a strategic enterprise leader responsible for designing and governing Mercury’s total compensation strategy across executive, sales, and broad-based employee populations. This role operates beyond conventional structures, leveraging data, creativity, and deep business partnership to shape philosophy, programs, and practices that drive performance, support critical skills, and reinforce Mercury’s culture and values.

You will lead a team of compensation professionals, partner closely with HR Business Partners, Talent Acquisition, Finance, People Analytics and business leaders, and ensure our programs are equitable, competitive, compliant, and future-ready, including the thoughtful use of analytics and AI-enabled tools to improve decision quality and execution.

 

Geo-Salary Information

An in-person interview may be required during the hiring process

 

State specific pay scales for this role are as follows:

$128,136 to $252,194 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$116,487 to $229,267 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$104,839 to $206,340 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)

 

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

ResponsibilitiesEssential Job Functions:

Enterprise Compensation Strategy & Governance

  • Define and evolve Mercury’s total compensation philosophy across executives, sales, and all employee groups, aligning with business strategy, performance, and critical skills.
  • Establish clear governance, frameworks, and decision rights for base pay, incentives, equity, and recognition programs.
  • Executive & Broad-Based Programs
  • Lead design and ongoing refinement of executive compensation, including short and long term incentives, in partnership with Finance and the Board/Compensation Committee (as appropriate).
  • Oversee broad-based salary structures, market reference ranges, incentive plans, and job architecture, ensuring internal equity and external competitiveness.

Analytics, Insights & Market Intelligence

  • Use robust analytics and modeling to guide compensation decisions, including market movement, pay equity, offer strategy, and program effectiveness.
  • Lead participation in compensation surveys and market studies; translate findings into actionable insights, updated structures, and recommendations for leaders.
  • Identify opportunities to integrate AI and automation to reduce manual effort, increase accuracy, and enhance manager and employee experience.
  • Strategic Initiatives & Program Leadership
  • Lead enterprise initiatives such as pay equity, annual compensation cycles, job architecture modernization, pay transparency readiness, and workforce planning support.
  • Drive cross-functional projects with People and Technology teams to build and refine comp dashboards, tools, and manager-facing resources.

Business Partnership & Advisory

  • Serve as the primary compensation advisor to senior and executive leaders, providing clear, pragmatic guidance on complex topics (e.g., offers, retention, organization changes, incentive design).
  • Educate and enable People Business Partners, Talent Acquisition, and managers on compensation philosophy, programs, and best practices.

People Leadership & Capability Building

  • Lead, mentor, and develop the compensation team, building deep subject-matter expertise, business acumen, and consulting skills.
  • Foster a culture of learning, feedback, inclusivity, and continuous improvement within the team and across the broader People function.

Qualifications

Education:

  • Minimum:   Bachelor’s degree in Human Resources, Finance, Economics, Business, Mathematics or related field.
  • Preferred:   MBA HR or HR certifications a plus

Experience:

  • 12+ years of progressive compensation experience in complex, fast-paced organizations; experience spanning executive, sales, and broad-based compensation is required.
  • 8+ years experience leading and developing teams, and directing complex, cross-functional programs from design through implementation.

Knowledge and Skills:

  • Proven track record partnering directly with senior and executive leaders and influencing strategic decisions.
  • Deep knowledge of compensation design and governance (base pay, incentives, equity, job architecture, pay equity, market pricing, and pay transparency).
  • Strong analytical and modeling skills, with expertise in Excel/Sheets and familiarity with HRIS/comp tools; comfort working with large datasets.
  • Demonstrated ability to navigate ambiguity, balance competing priorities, and operate at both strategic and hands-on levels.
  • Exceptional consulting, communication, and stakeholder management skills, including experience presenting to executive audiences and/or Boards.
Perks and Benefits

We offer many great benefits, including:

  • Competitive compensation
  • Flexibility to work from anywhere in the United States for most positions
  • Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
  • Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
  • Medical, dental, vision, life, and pet insurance
  • 401 (k) retirement savings plan with company match
  • Engaging work environment
  • Promotional opportunities
  • Education assistance
  • Professional and personal development opportunities
  • Company recognition program
  • Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

#LI-TG1

Pay RangeUSD $128,136.00 - USD $252,194.00 /Yr.

About Mercury Insurance

Mercury Insurance Group is a multiple-line insurance organization offering personal automobile, homeowners, renters and business insurance. Founded in 1961 and headquartered in Los Angeles, Mercury has assets in excess of $4 billion, employs 4,500 people and has more than 8,000 independent agents in 11 states. Mercury has been named one of America's Most Trustworthy Companies by Forbes magazine, and has been recognized as one of the Best Places to Work in Los Angeles for eight years running. The company has also been named one of America's Best Midsize Employers by Forbes.
Learn more about Mercury Insurance
Size
4,300 employees
Market Cap
$1.8 billion
Industry
Net Income
$374.6 million
Founded
1962
5 Year Trend
+4.3%
Revenue
$3.7 billion
NASDAQ

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