Senior Accountant, Revenue & Receivables

Overview

Morningstar’s Corporate Finance group supports strategic initiatives, day-to-day operations, and financial infrastructure. The Americas Revenue and Receivables team partners with the business to drive innovation, automation, and continuous process improvement. This role is based in Chicago in a hybrid environment with in-office presence four days per week.

Morningstar is seeking a Senior Accountant to join the Americas Revenue and Receivables team. You will manage and oversee revenue recognition and accounts receivable processes for transaction-based revenue (including DBRS) and license-based revenue streams. You will collaborate across departments to assess, improve, and strengthen revenue and receivables processes while supporting the close, financial reporting, accounting compliance, and process improvement activities.

• Revenue Recognition: Ensure accurate and timely revenue recognition in accordance with company policies and U.S. GAAP. Review and analyze contracts to determine appropriate revenue recognition treatment. Prepare and maintain revenue schedules and reconciliations. Partner with FP&A, Sales, Shared Services, Internal Audit, and Legal teams to address revenue-related matters.
• Accounts Receivable Management: Collaborate with the Americas Accounts Receivable and India Shared Services teams on AR processes (invoicing, collections, reconciliations). Monitor aging reports and follow up on overdue accounts and unapplied cash. Implement and maintain credit policies and procedures. Resolve customer billing inquiries and disputes.
• Process Improvement and Analytics: Develop and maintain month-end revenue reporting and analytics, providing actionable insights into revenue performance, key drivers, and variances. Document current processes and recommend enhancements. Identify and implement process improvements and automation initiatives. Lead or participate in cross-functional projects to improve efficiency and scalability. Stay current on industry best practices and apply relevant improvements.
• Financial Reporting: Perform reconciliations to ensure completeness and accuracy of billings for each reporting period. Prepare journal entries, account reconciliations, schedules, and other month-end close deliverables. Assist with quarterly, annual, financial, and regulatory reporting requirements.
• Compliance and Controls: Ensure compliance with internal controls and SOX requirements. Develop and document accounting policies and procedures. Conduct regular reviews to confirm adherence to compliance standards. Identify and implement process and control enhancements.
• Audit Support: Coordinate with internal and external auditors and support audit procedures. Prepare audit schedules and provide supporting documentation. Address audit findings and help implement corrective actions. Support a smooth audit process through clear communication and timely follow-up.
• Team
  
  Collaboration:
  
  Work closely with cross-functional teams to resolve accounting issues and support business operations. Provide guidance and training to junior team members. Foster a collaborative and supportive team environment. Communicate effectively with stakeholders to ensure alignment on financial matters.

• Bachelor’s degree in accounting or related field; CPA or CPA candidate preferred.
• Minimum of five years of experience in accounting or a related role.
• Experience with revenue recognition (ASC 606) and accounts receivable accounting.
• Familiarity with SEC reporting and SOX compliance. Prior public accounting or financial services experience preferred.
• Strong proficiency in Microsoft Office, particularly Excel. Excellent communication and documentation skills.
• Ability to manage multiple priorities and meet deadlines. Strong analytical and problem-solving skills.
• Experience with Salesforce and Oracle is a plus.

Morningstar offers a range of benefits designed to support health, financial security, and work-life balance. Highlights include:

• Total Cash Compensation range: $95,275.00 – $ (base salary and target incentive).
• 401(k) with employer match up to 6% of salary; stock ownership opportunities.
• Company-provided life insurance (1x salary + commission).
• Comprehensive medical, dental, and vision coverage; company-provided HSA contributions where applicable.
• Wellness incentives, disability insurance, and wellness programs.
• Paid time off, sabbatical programs, family caregiving leave, parental leave, adoption assistance, and other leave programs.
• Tuition reimbursement, mentoring, leadership coaching, and a flex stipend.

Morningstar’s hybrid work environment supports in-person collaboration several days per week where possible. We value equal opportunity and maintain a comprehensive equal opportunity policy.