Senior Manager, Financial Reporting

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

Benefits offered by this job

401k match

Stock ownership potential

Health benefits

Hybrid/Office work flexibility

Wellness programs

Job summary

Morningstar Credit Ratings, LLC in Chicago seeks 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, in a full-time role at our Chicago office.

Responsibilities include preparing monthly, quarterly, and annual statements under US GAAP, coordinating with auditors for quarterly and year-end audits, and

Qualifications

• Bachelor’s degree in accounting is required.
• CPA is required.
• 8–10 years of accounting experience, including Big 4 and/or SEC reporting at a large multinational public company.
• Big 4 public accounting experience is preferred.
• Strong knowledge of U.S. GAAP and SEC reporting requirements.
• Ability to multi-task and meet deadlines with attention to detail, independently and in a team setting.
• Excellent documentation skills for audit work papers and SOX reviews.
• Knowledge of FCCS is a plus; working knowledge of XBRL is preferred.
• Proficiency with Microsoft Office (Excel, Outlook, PowerPoint, Word).

Responsibilities

• Prepare monthly, quarterly, and annual financial statements in compliance with U.S. GAAP and SEC reporting.
• Research and resolve complex financial reporting issues and unusual transactions.
• Develop and maintain accounting and financial reporting policies and procedures.
• Oversee monthly close activities including stock-based compensation and journal entries.
• Ensure SOX compliance and internal controls; identify process improvements.
• Coordinate with auditors for quarterly and year-end audits.
• Oversee XBRL tagging with external vendor for 10-Qs and 10-K.
• Lead the Financial Reporting team and manage performance and change.
• Manage FCCS application and Global Chart of Accounts.
• Prepare ad hoc analyses for management and auditors.
• Perform other duties as assigned.

Skills

US GAAP knowledge

SEC reporting

SOX

Multi-tasking / prioritization

Audit documentation

Microsoft Office

XBRL knowledge

Big 4 experience

Education

Bachelor’s degree in accounting

CPA

Tools

FCCS

XBRL

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 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

001_MstarInc 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. Company overview 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.