A mounting system is disclosed for mounting a bearing assembly or other mechanical element to a shaft. The mounting system uses a tapered sleeve mechanism to secure the bearing assembly on the shaft. Specifically, a plurality of screws point load the tapered sleeve and drive it from a pre-assembled position to an initial position. Once the initial position has been reached a plurality of fasteners then drive the sleeve from the initial position to a final position. The difference between the initial position and final position determined by the width of a removable spacer used in the mounting system. The system also incorporates a jack screw mechanism used to dismount the bearing assembly from the shaft.