Senior Quantitative Researcher, Retirement

Morningstar Investment Management, LLC; Chicago (IL); On-site; USD 196,000 - 300,000; Full time

Benefits offered by this job

401k match

Health benefits

Long-term disability

Hybrid work environment

Job summary

Morningstar Investment Management LLC seeks a Senior Quantitative Researcher, Retirement to lead empirical studies on workplace retirement plans and participant data. The role emphasizes econometric analysis, manuscript development, and client-facing communications, with a strong link to Morningstar’s retirement products.

The position is fully on-site in Chicago, reporting to the Center director, with duties spanning research design, analysis, and policy-related output for internal and external

Qualifications

• 6+ years of quantitative research in retirement, economics or public policy.
• Strong applied econometrics and research-design skills.
• Proficiency in a statistical programming language (R, Python or Stata).
• Ability to translate complex findings for diverse audiences.

Responsibilities

• Lead research projects from concept to publication with senior colleagues.
• Conduct econometric analyses on workplace retirement plan data and survey data.
• Use government and survey data to support modeling and behavioral assumptions.
• Translate quantitative findings into clear articles, briefs, and presentations.

Skills

Quantitative research

Econometrics

R/Python/Stata

Written communication

Independent work

Education

BA in economics/finance/public policy

Tools

R

Stata

Python

Job description

The Group:

The Morningstar Center for Retirement & Policy Studies develops thought leadership on retirement issues, including studying workplace retirement plans and the people saving for retirement or drawing down assets. The group also works on policy activities that support investor interests, and monitors changes in legislation and regulation that affect our business. The Center is a semi-autonomous research group within Morningstar's retirement division, which offers a diverse suite of technology- and investment-based services for the retirement industry. Its unique client base includes retirement plan providers, plan sponsors, plan consultants, and retirement plan advisors.

The Role:

The Center is seeking a Senior Quantitative Researcher, Retirement, to conduct empirical research on workplace retirement plan and participant-level data, with a particular focus on econometric analysis, and to contribute to simulation-based research. This person will develop Morningstar white papers and issue briefs, brief internal stakeholders and clients, present findings to industry and policy audiences, and help support client requests for plan analysis reports. This role is primarily focused on academic-style research, with a secondary but ongoing responsibility to apply that work in support of Morningstar's retirement products and clients.

This is a fully on-site position (ideally in our Chicago headquarters or one of Morningstar's satellite offices), reporting to the director of the Center.

Job Responsibilities

• Lead assigned original research projects from concept through analysis, interpretation, and publication, working with senior Center researchers on research priorities and broader program development.
• Conduct empirical research using workplace retirement plan, participant-level, administrative, and household survey data, with particular responsibility for econometric analysis and the development of behavioral assumptions used in the Center's simulation research.
• Use government survey data, including or comparable to the SCF and HRS, to support original research and modeling, including developing behavioral relationships and assumptions.
• Translate complex quantitative research into clear, accessible articles, research publications, presentations, and other content for a broad audience.
• Present research and insights to internal and external audiences, including clients, industry groups, conferences, and other stakeholders.
• Develop subject-matter expertise across retirement, defined contribution plans, participant behavior, and related areas of retirement policy and research.
• Apply the Center's research and modeling capabilities to selected client-facing analyses, including Client Fitness Reports, when appropriate.
• Contribute analysis to regulatory comment letters and other retirement policy initiatives.
• Collaborate with colleagues across Morningstar to connect rigorous retirement research with policy, product, and client applications.

Qualifications

• 6+ years of relevant experience conducting quantitative research in retirement, household finance, economics, public policy, employee benefits, or a related field.
• BA in in economics, finance, public policy, statistics, or related quantitative discipline, or equivalent applied research experience.
• Strong applied econometrics and research-design skills, including experience with observational data, longitudinal or panel analysis, survey weighting, missing-data methods, or related techniques.
• Ability to evaluate alternative methodologies, test assumptions and model specifications, and communicate the limitations of empirical findings.
• Advanced proficiency in a statistical programming language such as Stata, R, or Python.
• Demonstrated ability to independently develop research questions, select appropriate analytical methods, interpret results, and produce high-quality research.
• Strong written and verbal communication skills, including the ability to translate complex statistical findings for technical and nontechnical audiences.
• Ability to work independently, exercise sound research judgment, and manage multiple projects and stakeholder relationships.

Nice to have

• Knowledge of the U.S. retirement system, particularly defined contribution plans and participant retirement decisions.
• Experience working with retirement-plan recordkeeping data or major household surveys, such as the SCF or HRS.
• Experience with advanced econometric methods and complex survey data, including weighting and imputation.
• Familiarity with defined contribution plan design, managed accounts, target-date funds, retirement income, Social Security, or related retirement topics.
• Experience publishing research and presenting findings to industry, policy, client, or conference audiences.
• Experience translating empirical estimates into behavioral assumptions for simulation or microsimulation models.

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 Family Caregiving Leave

  • 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

$195,600.00-299,916.66

Inclusive of annual base salary and target incentive

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

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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