Senior Manager - GPO (P2P) at Morningstar (Chicago, IL)

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Morningstar is looking for a Global Process Owner - P2P to join our global Finance team, which is focused on business partnership, innovation, automation, and process improvement. As the Global Process Owner - P2P, you will be responsible for assisting with the development and execution of the vision, mission, governance, and functional strategy for Morningstar's global P2P processes. The role reports to Morningstar's Global Process Owner - Finance and will provide value to the business by supporting and executing key P2P process optimization and transformation programs. The role requires the use of analytical skills to support the business in finding and capitalizing on opportunities to transform and help to drive the effective and efficient performance of the P2P process. This is a full-time position and can be based in a Morningstar office in the U.S., Canada, Europe or India.
Job Responsibilities• Serve as the custodian and subject matter expert in Finance for the end-to-end P2P processes.• Manage the execution of a strategy for the global P2P process, including associated governance, accounting, policies, procedures, internal controls, and technologies.• Execute global deployment and adoption of the P2P processes with regional and local customization as needed.• Establish and monitor key service level agreements (SLAs) and metrics in partnership with regional controllers, Procurement, and Finance Shared Services team.• Build, lead and manage a GPO P2P team to facilitate the execution of the P2P process strategies.• Develop and champion internal controls appropriate for a U.S. publicly traded company to achieve global harmonization for P2P, including control enhancements and efficiencies.• Stay abreast of current accounting, business process trends, and leading practices occurring in the industry to inform strategic direction and process enhancement.• Collaborate with Procurement and other key functions/stakeholders, upstream and downstream, on all implementation and enhancement initiatives to align and leverage cross-process opportunities with a focus on enhancing effectiveness and efficiency.• Lead P2P operational steering committee (currently focused on Coupa processes and system governance) and P2P Oracle ERP production support prioritization.• Demonstrate strong business acumen and excellent financial judgement in supporting the business by developing prioritization of P2P projects and improvement opportunities.• Perform other duties as assigned.
Qualifications• Breadth of knowledge of leading end to end P2P practices and processes with deep experience in the requisition to purchase order process, accounts payable supplier management, invoice processing and payments.• Ability to manage the complexities of a global P2P function and lead by influence with finance, shared services, and non-finance stakeholders.• Awareness that different business processes and requirements exist and will require harmonization.• Ability to assess and articulate business requirements, analyze design options, coordinate testing and drive implementation.• Experience with integration of new/acquired companies into acquiror P2P processes.• Proven ability to build and foster relationships with team members, business leaders, shared services, and global accounting functions.• Project management experience required.• Forward thinking attitude with a continuous improvement mindset.• Minimum of 10+ years of progressive experience in the Accounting/Finance function for a multinational organization, including experience with shared service centers.• A bachelor`s degree or equivalent in Finance or Accounting required, as well as Certified Public Accountant or equivalent accounting qualification is preferred.• Knowledge of U.S. GAAP.• Strong skills and proficiency with Microsoft Office programs (Excel, Outlook, PowerPoint, and Word).• In-depth understanding of systems used within the P2P processes such as Coupa (Procurement System) and related modules (I.e. SIM - Supplier Information Module) and Oracle (ERP), Host to Host Banking Payment applications.• Experience with RPA application and/or AI technologies within the P2P process desirable
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22 W. Washington , Chicago, IL 60602

An Insider's view of Morningstar

What does your typical day look like?

Every day is a little different. Our team is focused on POC (Proof of Concepts). My work involves problem-solving, development and software design. I work on the Data collections team, currently most of this involves, on a high level, automating the process currently used to collect data from raw sources through Machine Learning.


Software Engineer, Data Collections - AI R&D

How does the company support your career growth?

We believe in promoting from within, based on previous impact to the team. Whenever possible, we will stretch our employees to take on expanded roles that aligns with the career progression they are interested in.


Head of Technology and Product

What are Morningstar Perks + Benefits

Morningstar Benefits Overview

At Morningstar, your contributions have meaning and can drive change. Across our 27 offices worldwide, we’ve invested in fostering a community where talented, driven people can grow. Our entrepreneurial spirit and uncompromising ethics guide everything we do. It’s all in the name of empowering investors. Morningstar is proud to offer a comprehensive benefits package to eligible, full-time employees in the United States who work a minimum of 30 hours per week. Our benefits are designed to invest in your -- and your family's well-being, including investments in your health and financial future.

Volunteer in local community
Morningstar encourages our colleagues to become involved in their communities, by providing paid time off for volunteer activities.
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Morningstar encourages unconscious bias training for all employees, especially managers and hiring personal. We believe that by raising awareness of bias we can decrease its effects.
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Morningstar offers two Flexible Spending Accounts (FSA)— one for healthcare expenses and one for dependent care expenses. You may enroll in both $ determine the contribution amount.
Disability Insurance
Dental Benefits
Our dental plan covers 100% of preventive services, 80% of basic services, and 50% of major services.
Vision Benefits
With Morningstar's vision benefits you can get an annual eye exam with an in-network provider with just a $10 copay.
Health Insurance Benefits
Morningstar continues to offer the choice of two medical plans—the Savings Plan and the Classic Plan. Both are administered by Blue Cross and Blue Shield of Illinois (BCBS).
Life Insurance
Morningstar offers 4 tiers of life insurance that offer varying benefits. Basic Life insurance is equal to 1 times an employee's annual salary.
Wellness Programs
Mental Health Benefits
Our insurance covers 80% on in-network mental health services. Our Employee Assistance Program provides no-cost, confidential, 24-hour counseling on a wide variety of issues.
Retirement & Stock Options Benefits
Take advantage of a number of Morningstar tools to help you manage your 401(k) account and your finances, including Morningstar Retirement Manager, available to you at no cost.
401(K) Matching
Morningstar provides employees with a 401(k) matching plan managed. We match $0.75 for every dollar contributed, up to a maximum of 7% of employee pay contributed to the plan each pay period.
Company Equity
Morningstar’s global employee equity benefit, Shared Ownership, enables you to take a portion of your bonus payout and exchange it for RSUs, with Morningstar providing an additional 50% match.
Employee Stock Purchase Plan
Colleagues who exceed their performance goals substantially may be eligible for Impact RSU Awards as an additional reward on top of their cash bonus/commission award.
Performance Bonus
Match charitable contributions
Morningstar's Matching GIfts program will match your charitable giving up to the local currency equivalent of $500 USD per calendar year.
Child Care & Parental Leave Benefits
Child Care Benefits
Morningstar offers the option of in-home child and elder care, in addition to the existing day care center back-up care benefit.
Generous Parental Leave
Morningstar has a global minimum of 6 weeks paid time-off to bond with new family members. This benefit applies to all individuals equally, including birth mothers, fathers, adoptive parents.
Flexible Work Schedule
Morningstar provides employees with a flexible work schedule that includes Summer hours, Work from home, Flexible start and end times.
Remote Work Program
The safety of our employees is very important to us. We have been operating remotely due to COVID-19.
Family Medical Leave
Eligible employees may take up to 12 weeks of job-protected, unpaid leave per year for certain specified reasons, and up to a total of 26 workweeks of leave to care for a family member.
Adoption Assistance
We reimburse up to 80% for eligible adoption expenses, up to $4,000 per adoption, in addition to a minimum of 6 weeks paid time off.
Return-to-work program post parental leave
Company sponsored family events
Morningstar sponsors family oriented events Annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Our employees receive 2 days per year of paid volunteer time.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Some Meals Provided
Happy Hours
Recreational Clubs
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
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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