FP&A Manager

Morningstar, Inc.; Chicago (IL); Hybrid; USD 121,000 - 186,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Health benefits

Job summary

Morningstar, Inc. is seeking an FP&A Manager for Investment Management in Chicago. This senior finance role leads planning, reporting, and performance narratives for the US Investment Management business, partnering with leaders to drive decisions.

The role requires 7+ years in FP&A or related areas, advanced Excel/PowerPoint skills, and a drive to improve processes with AI-enabled tools within a hybrid in-office setting four days per week.

Qualifications

• 7+ years of FP&A, corporate finance, or related roles.
• Bachelor's degree required.
• Experience owning financial performance narratives and presenting to senior leadership.
• Strong business acumen with ability to connect financial outcomes to operational drivers.
• Proven ability to challenge assumptions and protect credibility of outputs.
• Experience in asset management, wealth management, or financial services preferred.
• Advanced Excel and PowerPoint skills.
• Comfortable exploring AI-enabled capabilities in FP&A, including automation and scenario analysis.

Responsibilities

• Own end-to-end financial planning, budgeting, forecasting, and reporting for US Investment Management.
• Lead budget, forecast, and long-range planning with business leaders, ensuring assumptions are understood and challenged.
• Act as the primary finance partner for US Investment Management leaders, guiding tradeoffs and financial implications.
• Own monthly and quarterly performance reviews with credible variance explanations.
• Validate assumptions and push back on weak explanations before outputs reach leadership.
• Ensure consistent variance taxonomy and high analytical standards across deliverables.
• Develop understanding of Investment Management operations, revenue models, and cost drivers.
• Translate results into clear narratives for leadership decisions.
• Partner with global FP&A colleagues to raise analysis standards.
• Identify opportunities to use AI and automation while maintaining controls.

Skills

Advanced Excel

PowerPoint

Financial analysis

Business acumen

AI in FP&A

Education

Bachelor's degree

Tools

Excel

PowerPoint

Job description

FP&A Manager, Investment Management

The Group

Morningstar Wealth is a core part of the broader Morningstar group, empowering investor success by delivering worldclass investment products and technology solutions to advisors, individuals, and the businesses who serve them. As a global team, we bring together data, research, analytics, and investment capabilities to help clients achieve better outcomes.

The Role

Morningstar Wealth's FP&A team is seeking an FP&A Manager to serve as the finance lead for the US Investment Management business. This role sits at the center of strategic and financial decisionmaking and is responsible for owning the credibility, clarity, and consistency of financial performance narratives provided to senior leadership. It would be an exciting opportunity for a current Senior FP&A Analyst to rise to a new role.

This is not a reportingonly role. The FP&A Manager is expected to independently own variance explanations, challenge assumptions, and ensure leadership receives accurate, wellvalidated, and decisionuseful insights. The role reports to the Director of Financial Planning & Analysis and requires four days a week in our Chicago office.

Key Responsibilities:

Financial Ownership & Planning

• Own the endtoend financial planning, budgeting, forecasting, and reporting processes for the US Investment Management business
• Lead budget, forecast, and longrange planning in close partnership with business leaders, ensuring assumptions are well understood, clearly articulated, and appropriately challenged
• Act as the primary finance partner for US Investment Management leaders, providing guidance on tradeoffs, risks, and financial implications

Performance Management, Variance Analysis & Storytelling

• Own monthly and quarterly performance reviews, producing credible, executiveready variance explanations that clearly identify primary drivers, separate signal from noise, and articulate implications
• Independently validate assumptions and push back on weak or unsupported explanations before outputs reach senior leadership
• Ensure consistent variance taxonomy (e.g., runrate vs onetime, volume/price/mix/timing) and high analytical standards across deliverables

Business Partnership & Judgment

• Develop a deep understanding of Investment Management business operations, revenue models, pricing mechanics, and cost drivers
• Translate complex financial results into clear, concise narratives that inform leadership decisions
• Serve as a trusted advisor to business leaders, balancing partnership with appropriate challenge

Process Improvement & Team Leverage

• Improve FP&A processes, templates, and controls to enhance efficiency, accuracy, and scalability
• Act as a quality gate for FP&A outputs, reducing rework and ensuring consistency across geographies

• Embed AI-enabled tools and repeatable workflows where appropriate to improve speed, consistency, and insight generation across planning and reporting processes

• Partner with global FP&A colleagues to raise standards of analysis and communication

• Identify practical opportunities to use AI and automation to streamline forecasting, variance analysis, reporting, and recurring FP&A workflows while maintaining strong controls and validation standards

Qualifications

• 7+ years of progressive experience in FP&A, corporate finance, or related roles
• Bachelor's degree
• Demonstrated experience owning financial performance narratives and presenting to senior leadership
• Strong business acumen with the ability to connect financial outcomes to operational drivers
• Proven ability to challenge assumptions constructively and protect the credibility of finance outputs
• Experience in asset management, wealth management, or financial services preferred
• Advanced Excel and PowerPoint skills

• Comfortable exploring and applying AI-enabled capabilities in an FP&A context, including automation, scenario analysis, narrative generation, and analytical quality checks

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 plansand coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-termdisabilityinsurance

• 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 & FormalMentorshipOpportunities
  • 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

$121,400.00-186,150.00

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.