Senior Accountant

Senior Accountant

Morningstar's Corporate Finance plays an essential role in supporting our company's strategic initiatives, day-to-day operations, and infrastructure. Morningstar is looking for a Senior Accountant to join our Americas Revenue and Receivables team which is focused on business partnership, innovation, automation, and process improvements.

In this role, you will be responsible for the Americas quote to cash (QTC) Asset-Based Revenue results. You will work collaboratively with multiple departments (sales, shared services, product, legal, etc.) to execute on the QTC process from contract initiation to revenue / receivables as well as to assess and improve the QTC process. This position is a full-time position based in Chicago, reporting to the Americas Manager Revenue and Receivables- Transaction and Asset Based Fees.

Job Responsibilities :

• Oversee the Asset-Based revenue close process for the Americas to ensure timely and accurate reporting in accordance with US GAAP and internal control requirements.
• Review draft revenue contracts to ensure revenue is recognized in accordance with ASC 606 and participate in draft contract reviews to identify potential revenue recognition issues.
• Audit complex contract data against opportunity information entered in the Company's Salesforce CRM application to ensure accuracy of information used for internal and external reporting.
• Perform variable consideration calculations for Asset-Based fee contracts.
• Review Accounts Receivable and unapplied cash balances for asset-based clients to ensure timely payment application.
• Conduct process reviews, perform internal controls testing, remediate control failures and proactively assess changes to the overall control environment.
• Assist in the preparation of revenue disclosures for external financial reporting to ensure compliance with US GAAP and external reporting requirements.
• Review and manage month-end revenue accruals, monthly revenue reports and account reconciliations.
• Participate in cross-functional project teams formed to address business process improvements in the revenue and receivable area.
• Initiate, review, and implement process improvements to increase operational efficiencies while maintaining the integrity and accuracy of the accounting records.
• Work closely with the Company's external auditors on revenue recognition and related controls and manage quarterly and annual audit requirements.
• Other duties as assigned, including cross-training on other revenue segments within the Americas QTC organization.

Requirements :

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 :

Total Cash Compensation Range $95,275.00 - 161,975.00 USD Annual 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.