Senior Regulatory Accountant

| Chicago

The ROLE

This is a mid-level role that will lead the accounting and analysis for Morningstar Investment Services, LLC (MIS) which is a broker dealer and a regulated entity with the SEC and FINRA.  Additionally, this role will assist with the oversight of the Morningstar Fund Trust (the Fund) with the Principal Financial Officer.

 

RESPONSIBILITIES

  • Preparation of monthly general ledger closing journal entries, including revenue accruals, revenue true-ups, and cash receipts.
  • Preparation of monthly general ledger account reconciliations, including Accounts Receivable, Deferred Revenue, and Unbilled Revenue.
  • Preparation of monthly financial statements for the stand-alone Broker Dealer registered entity with the FINRA.
  • Identify, analyze and research critical variances with Financial Analyst and management team (e.g. month over month comparisons and variances to forecast/budget).
  • Perform continuous monitoring of the open receivables, cash receipts, and revenue adjustments recorded for the difference between the accrual and the cash receipts.
  • Reconciliation of all intercompany transactions and due to /due from accounts for settlement
  • Build and develop strong working relationships with the MIS management and operations teams.
  • Direct interface with external auditor related to the annual FINRA required audit of the Broker Dealer.
  • Assist in continuing efforts to improve operational efficiency through the development of policies and procedures
  • Document all processes and policies for MIS accounting and financial reporting
  • Work with the Fund’s Principal Financial Officer to establish, maintain and oversee the Fund’s revenue and operating expense budgets.
  • Work with the Fund’s Principal Financial Officer to establish, maintain and oversee disclosure controls and internal control over financial reporting.
  • Understand the Fund’s procedures supporting the calculation and payment of periodic distributions; NAV and asset pricing procedures; daily fund expense payment authorizations; and preparation of financial statements and shareholder reports (including semi-annual and annual reports and related SEC filings).
    • Serve as a liaison between Funds Administrator and other service providers
    • Participates in special projects and performs other duties as assigned.

 

QUALIFICATIONS

  • BS in Accounting or Finance
  • 4-6 years of experience in a public accounting firm or finance or accounting organization
  • Experience with broker dealer or fund accounting a plus

 

Morningstar is an equal opportunity employer.

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Location

22 W. Washington , Chicago, IL 60602
22 W. Washington , Chicago, IL 60602

Perks of working here

401(K) Matching
401(K)
Casual Dress
Commuter Benefits
Company Equity
Conferences & Training
Dental Benefits
Fitness Subsidy
Flex Work Hours
Generous PTO
Happy Hours
Health Benefits
Generous Parental Leave
Parking
Sabbatical Leave
Tuition Reimbursement
Unlimited Vacation
Vision Benefits
Volunteering Opportunities
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