At Morningstar, we believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries to find new and better ways to serve investors.

Senior Regulatory Accountant at Morningstar

The ROLE

This is a mid-level role that will lead the accounting and analysis for Morningstar Investment Services, LLC (MIS) which is a broker dealer and a regulated entity with the SEC and FINRA.  Additionally, this role will assist with the oversight of the Morningstar Fund Trust (the Fund) with the Principal Financial Officer.

RESPONSIBILITIES

  • Preparation of monthly general ledger closing journal entries, including revenue accruals, revenue true-ups, and cash receipts.
  • Preparation of monthly general ledger account reconciliations, including Accounts Receivable, Deferred Revenue, and Unbilled Revenue.
  • Preparation of monthly financial statements for the stand-alone Broker Dealer registered entity with the FINRA.
  • Identify, analyze and research critical variances with Financial Analyst and management team (e.g. month over month comparisons and variances to forecast/budget).
  • Perform continuous monitoring of the open receivables, cash receipts, and revenue adjustments recorded for the difference between the accrual and the cash receipts.
  • Reconciliation of all intercompany transactions and due to /due from accounts for settlement
  • Build and develop strong working relationships with the MIS management and operations teams.
  • Direct interface with external auditor related to the annual FINRA required audit of the Broker Dealer.
  • Assist in continuing efforts to improve operational efficiency through the development of policies and procedures
  • Document all processes and policies for MIS accounting and financial reporting
  • Work with the Fund’s Principal Financial Officer to establish, maintain and oversee the Fund’s revenue and operating expense budgets.
  • Work with the Fund’s Principal Financial Officer to establish, maintain and oversee disclosure controls and internal control over financial reporting.
  • Understand the Fund’s procedures supporting the calculation and payment of periodic distributions; NAV and asset pricing procedures; daily fund expense payment authorizations; and preparation of financial statements and shareholder reports (including semi-annual and annual reports and related SEC filings).
    • Serve as a liaison between Funds Administrator and other service providers
    • Participates in special projects and performs other duties as assigned.

QUALIFICATIONS

  • BS in Accounting or Finance
  • 4-6 years of experience in a public accounting firm or finance or accounting organization
  • Experience with broker dealer or fund accounting a plus

Morningstar is an equal opportunity employer.
 

 

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Why work with us
We’re an ambitious group, driven by our passion to make investing better. Imagining the next big thing is in our blood—it’s transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today.
Culture
There are no corner offices in our Chicago headquarters. In fact, there are no offices at all. At Morningstar, our open environment reflects our belief that anyone at any level can voice their ideas and take part in making them happen. You’ll see little of the typical corporate hierarchy here, with no rigid structures or barriers between people or teams. Morningstar employees enjoy a fluid work environment where they are given both the resources and opportunities to pursue a fulfilling career.
Perks & Benefits
Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.
Morningstar offers medical, dental, and vision coverage to employees and their families. Our philosophy is to provide access to excellent health care while maintaining low out-of-pocket costs.
Morningstar provides three tools to help employees maintain work-life balance—vacation, sabbatical, and leave. There’s no “use it or lose it” vacation policy at Morningstar. Employees take the time they need with their manager’s approval.
On top of the major benefits, we believe in preserving the little things that make a workplace friendlier. Some of these perks include: Casual dress every day, Open, egalitarian environment, Free beverages, Free bagels every Wednesday, Social events year-round, At-cost subscriptions to products for family members and friends, Employee discounts at selected merchants and retailers.

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