FP&A Manager

Morningstar Credit Ratings, LLC; Chicago (IL); Hybrid; USD 121,000 - 186,000; Full time

Benefits offered by this job

401k match

Stock ownership

Health benefits

Wellness incentives

Disability insurance

Sabbatical program

Paid parental leave

Tuition reimbursement

Volunteer days

Job summary

Morningstar Wealth is seeking an FP&A Manager to lead the US Investment Management finance function. You will own planning, budgeting, forecasting, and performance reviews, delivering clear narratives to senior leadership and challenging assumptions as needed.

Reporting to the Director of Financial Planning & Analysis, this role requires strong Excel and PowerPoint skills and comfort with AI-enabled analytics.

Qualifications

• 7+ years of FP&A experience with finance storytelling to leadership.
• Strong business acumen with ability to connect financial outcomes to operational drivers.
• Experience owning financial performance narratives and presenting to senior leadership.
• Comfortable exploring AI-enabled capabilities in FP&A, including automation and narrative generation.
• Experience in asset management, wealth management, or financial services preferred.

Responsibilities

• Own the end-to-end FP&A processes for the US Investment Management business.
• Lead budget, forecast, and long-range planning with business leaders.
• Act as the primary finance partner for US Investment Management leaders.
• Own monthly and quarterly performance reviews with credible variance explanations.
• Validate assumptions and push back on weak explanations before outputs reach leadership.
• Embed AI-enabled tools and standardized FP&A workflows to improve speed and accuracy.

Skills

Senior FP&A experience

Presenting to senior leadership

Analytical thinking

AI-enabled capabilities

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 world-class 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 decision-making 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 reporting-only role. The FP&A Manager is expected to independently own variance explanations, challenge assumptions, and ensure leadership receives accurate, well-validated, and decision-useful insights. The role reports to the Director of Financial Planning & Analysis and requires four days a week in our Chicago office.

Key Responsibilities

• Own the end-to-end financial planning, budgeting, forecasting, and reporting processes for the US Investment Management business
• Lead budget, forecast, and long-range 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
• Own monthly and quarterly performance reviews, producing credible, executive-ready 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., run-rate vs one-time, volume/price/mix/timing) and high analytical standards across deliverables
• 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
• 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 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 $121,400.00-186,150.00 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.

Company overview

Morningstar Inc. Legal Entity

Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success.

Morningstar Development Program

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.