Senior Accountant

The Group:

Morningstar’s Corporate Finance plays an essential role in supporting our company’s strategic initiatives, day-to-day operations, and infrastructure. Morningstar is looking for a Senior Accountant to join our Americas Revenue and Receivables team which is focused on business partnership, innovation, automation, and process improvements.

The Role:

In this role, you will be responsible for the Americas quote to cash (QTC) Asset-Based Revenue results. You will work collaboratively with multiple departments (sales, shared services, product, legal, etc.) to execute on the QTC process – from contract initiation to revenue/receivables – as well as to assess and improve the QTC process. This position is a full-time position based in Chicago, reporting to the Americas Manager Revenue and Receivables- Transaction and Asset Based Fees.

Job Responsibilities:

• Oversee the Asset-Based revenue close process for the Americas to ensure timely and accurate reporting in accordance with US GAAP and internal control requirements.
• Review draft revenue contracts to ensure revenue is recognized in accordance with ASC 606 and participate in draft contract reviews to identify potential revenue recognition issues.
• Audit complex contract data against opportunity information entered in the Company’s Salesforce CRM application to ensure accuracy of information used for internal and external reporting.
• Perform variable consideration calculations for Asset-Based fee contracts.
• Review Accounts Receivable and unapplied cash balances for asset-based clients to ensure timely payment application.
• Conduct process reviews, perform internal controls testing, remediate control failures and proactively assess changes to the overall control environment.
• Assist in the preparation of revenue disclosures for external financial reporting to ensure compliance with US GAAP and external reporting requirements.
• Review and manage month-end revenue accruals, monthly revenue reports and account reconciliations.
• Participate in cross-functional project teams formed to address business process improvements in the revenue and receivable area.
• Initiate, review, and implement process improvements to increase operational efficiencies while maintaining the integrity and accuracy of the accounting records.
• Work closely with the Company's external auditors on revenue recognition and related controls and manage quarterly and annual audit requirements.
• Other duties as assigned, including cross-training on other revenue segments within the Americas QTC organization.
  
  
  

Requirements:

• Bachelor's degree in accounting or a related field; CPA or CPA candidate preferred.
• Minimum 5 years of experience in an accounting or related position.
• In-depth knowledge of US GAAP and revenue accounting and subject matter expertise in ASC 606.
• Familiarity in applying revenue recognition principles related to software, service contracts, assets under management and multiple element deliverables.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work collaboratively with global teams and stakeholders.
• Experience with Salesforce and Oracle is a plus.
• CPA or equivalent accounting certifications a plus.
• Background in asset-based fee calculations or finance industry is a plus.
  
  
  

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
• 75% 401k match up to 7%
• 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 Bonding Leave
• Adoption Assistance
• Leadership Coaching & Formal Mentorship Opportunities
• Annual Education Stipend
• 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

$95,275.00 - 161,975.00 USD Annual

Inclusive 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.

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