Senior Manager, Financial Reporting

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

Benefits offered by this job

401k match

Stock ownership

Life insurance

Health benefits

Sabbatical

Parental leave

Tuition reimbursement

Volunteer time off

Job summary

Morningstar, Inc. in Chicago is seeking a Senior Manager - Financial Reporting to lead the global consolidated financial statements, SEC filings, earnings releases, and board reports. You will oversee stock compensation and lease accounting, reporting to the Director - Financial Reporting.

You will manage monthly, quarterly, and annual closes, coordinate with auditors, ensure SOX compliance, and drive policy development, with a focus on US GAAP and SEC requirements in a multinational environment.

Qualifications

• 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).

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.

Skills

US GAAP knowledge

SEC reporting

MS Office

Detail-oriented

Team collaboration

Education

Bachelor's degree in accounting

CPA

Tools

FCCS

XBRL

Big 4 experience

Job description

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 plansand 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.