Accounting Manager at Morningstar

| Chicago
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The Team: Morningstar's US Shared Services Accounting team is responsible for the end-to-end Quote-to-Cash processes from auditing client contracts through to billing clients and related collection's activities. The team works collaboratively with our business groups to support them with timely and insightful information to make informed business decisions. 

The Role: This is an Accounting Manager role that will work within the Revenue and Receivables team and will report to the Accounting Director. In this role, you will have the opportunity to work closely with our internal teams to process sales contracts and record the related invoicing and revenue. You will work collaboratively with multiple departments to understand, assess, and improve revenue and receivable processes. This position is based in Chicago. 

Responsibilities 
• Work closely with various departments, such as Legal, Sales and Deal Desk and support the billing and revenue team by researching and analyzing revenue recognition issues, identifying key risk areas, contemplating alternatives and providing recommendations. 
• Assist with contract negotiation by participating in discussions, reviewing draft contracts and providing recommendations. 
• Audit final contract data against opportunity information entered in the Company’s SalesForce CRM application to ensure accuracy of information used for internal and external reporting. 
• Review contracts to ensure revenue is recognized in accordance with the Company’s policies and U.S. GAAP. 
• Complete fair market value allocations for multiple element arrangements and assist with preparation of revenue recognition memos and documentation of accounting conclusions. 
• Prepare month-end revenue accruals, monthly revenue reports and account reconciliations. 
• Assist with client invoicing process. 
• Participate in cross-functional project teams formed to address business process improvements in the revenue and receivable area. 
• Support and maintain strong internal controls for our Sarbanes-Oxley 404 and ASC-606 compliance process. 

Requirements 
• Seven to ten years of experience in an accounting or related position. 
• Ability to communicate clearly, work in a team-environment, and assume additional responsibilities over time. 
• Familiarity in applying revenue recognition principals related to software, service contracts, and multiple element deliverables. 
• Experience with SalesForce.com, Oracle’s Contracts, Accounts Receivable and Cash Management modules is a plus. 
• A CPA or other accounting certification is required. 

Morningstar is an equal opportunity employer.

 

 

001_MstarInc Morningstar Inc. Legal Entity

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Technology we use

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Location

22 W. Washington , Chicago, IL 60602

What are Morningstar Perks + Benefits

Culture
Volunteer in local community
Friends outside of work
Eat lunch together
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Family Medical Leave
Adoption Assistance
Company sponsored family events
Acme co. sponsors family oriented events Annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Sabbatical
Paid Holidays
Perks & Discounts
Casual Dress
Commuter Benefits
Happy Hours
Parking
Recreational Clubs
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Promote from within
Mentorship program
Our mentorship program includes 1-to-1 program, Career mentoring, Leadership mentoring.
Continuing Education stipend
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional 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.

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