Senior Accountant

| Chicago
  • The Role: This is Senior Accountant role that will work within the Revenue and Receivables team and will report to the Accounting Manager. 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 
    • Responsible for month-end AR close process and related activities. 
    • Review and manage team’s month-end revenue accruals, monthly revenue reports and account reconciliations. 
    • Assist in client invoicing process and work closely with local Accounts Receivable and India Shared Services teams to ensure great customer service from invoicing through cash collection. 
    • 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. 
    • Participate in cross-functional project teams formed to address business process improvements in the revenue and receivable area. 
    • Conducts process reviews, performs controls testing, remediates control failures and proactively assesses changes to the overall control environment. 
    • Provides developmental feedback and growth opportunities to staff members; delegates tasks and ensures sufficient cross-training of key responsibilities in an effort to strengthen the knowledge of the financial operations team and provide uninterrupted service to all critical constituencies. 
    • Other duties as assigned. 

    Requirements 
    • 5+ years of experience in an accounting or related position with focus on billing and/or audit processes. 
    • 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 B.A in Accounting or similar field required, CPA or other accounting certification a plus 

    Morningstar is an equal opportunity employer. 

     

     

    001_MstarInc Morningstar Inc. Legal Entit

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Location

22 W. Washington , Chicago, IL 60602

What are Morningstar Perks + Benefits

Culture
Volunteer in Local Community
Open Office Floor Plan
Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Sabbatical
Perks & Discounts
Casual Dress
Commuter Benefits
Happy Hours
Parking
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

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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