Senior Accountant, Revenue & Receivables

Morningstar's Corporate Finance group plays an essential role in supporting the company's strategic initiatives, day-to-day operations, and financial infrastructure. The Americas Revenue and Receivables team partners closely with the business to drive innovation, automation, and continuous process improvement.

Morningstar is seeking a Senior Accountant to join the Americas Revenue and Receivables team. In this role, 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.

This role is based in Chicago and operates in a hybrid environment, with in-office presence required four days per week.

Note: We are not considering candidates who require sponsorship now or in the future.

• Revenue Recognition:
  Ensure accurate and timely revenue recognition in accordance with company policies and U.S. GAAP; review 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.

• Collaborate with the Americas Accounts Receivable and India Shared Services teams on AR processes, including invoicing, collections, and 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.

• 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 that improve efficiency and scalability.

• Stay current on industry best practices and integrate relevant improvements into operations.

• Perform reconciliations to ensure the completeness and accuracy of billings for each reporting period.

• Prepare journal entries, account reconciliations, financial statement schedules, and other month-end close deliverables.

• Assist with quarterly, annual, financial, and regulatory reporting requirements.

• 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.

• 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.

• 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 a 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.

At Morningstar we believe people are at their best when they are at their healthiest. We champion wellness through a wide range of programs that support all stages of personal and professional life.

• 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…