The Role:
As the Senior Manager – Financial Reporting, you will be responsible for all aspects of financial reporting, including Morningstar`s global consolidated financial statements, SEC filings, earnings releases, management reports, and board reports. This role also has responsibility for the oversight of the accounting for our stock compensation programs and lease accounting. This position reports to the Director – Financial Reporting.
This is a full-time position and is based in our Chicago office.
Responsibilities:
- Manage the preparation of monthly, quarterly, and annual financial statements ensuing compliance with U.S. GAAP and SEC reporting requirements.
- Assist in researching and resolving complex financial reporting issues and significant, complex, and/or unusual transactions to ensure proper application of US GAAP and SEC reporting requirements.
- Develop and maintain accounting and financial reporting-related policies and procedures.
- Oversee and review various monthly close activities, including accounting for stock-based compensation, various journal entries, account reconciliations, and cash flow statement review.
- Ensure continued compliance with internal audit and SOX requirements and identify process/control enhancements.
- Coordinate with auditors to assist in quarterly and year-end audit procedures, including audit requests.
- Oversee the process to review XBRL tagging with external vendor for 10-Qs and 10-K.
- Manage and lead the Financial Reporting team, ensuring the appropriate team structure, daily motivation and supervision, ongoing performance management, and managing change.
- Manage FCCS application and Global Chart of Accounts.
- Prepare ad hoc analyses for management and auditors, as needed.
- Perform other duties as assigned.
Requirements:
- Bachelor’s degree in accounting is required.
- A CPA is required.
- Minimum of 8-10 years of accounting experience, including experience with a Big 4 accounting firm and/or related SEC reporting experience at a large, multi-national, publicly-held corporation.
- Big 4 public accounting experience is preferred.
- Strong knowledge of U.S. GAAP, including SEC reporting requirements.
- Ability to multi-task and manage shifting priorities and deadlines, with attention to detail, and an ability to work both independently and in a team environment.
- Excellent documentation skills to be used in developing audit work papers and completing SOX reviews.
- Knowledge of FCCS financial consolidation software is a plus.
- Working knowledge of XBRL is preferred.
- Strong skills and proficiency with Microsoft Office programs (Excel, Outlook, PowerPoint, and Word).
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
Financial Health
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disability insurance
Emotional Health
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Total Cash Compensation Range
$121,400.00-186,150.00Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal EntityMorningstar Chicago, Illinois, USA Office
Morningstar Global Headquarters Office
22 West Washington Street, Chicago, IL, United States, 60602
Morningstar’s Chicago office is the company’s headquarters, bringing together teams across research, technology, product, sales, corporate functions, and more. Employees work in a mission-driven culture shaped by independent thinking, openness, and fact-based decision-making, with the energy of a downtown location and opportunities to connect across teams.
Software Engineering
Software engineers at Morningstar build and maintain the applications that power the firm's work, and they do it in a culture built on independent thinking, evidence-based decisions, and continuous learning. Engineers are trusted to bring their own perspective and judgment to how the work gets done. That's not incidental to the culture here; it's central to it.
Product Manager
Product managers at Morningstar sit at the center of decisions that shape what gets built, and how it works. In Chicago, product managers work across areas including Credit Ratings; Data, Analytics & Research; Indexes; Investment Management & Services; and Corporate. Product managers are trusted to define what problems are worth solving and bring their own judgement to every stage of the process.
Research
Research at Morningstar spans markets, asset classes, and disciplines, all connected by the same purpose: give investors what they need to make confident decisions. Our independent research covers equities, managed investments, fixed income, alternatives, private markets, ESG and climate, and credit ratings. Analysts bring their own judgment to complex questions, and that independence is central to how the work gets done.
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