at Morningstar, Inc. in Chicago, Illinois, United States
Job Description
The Group: 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 an Accounting Manager to join our Americas Revenue and Receivables team which is focused on business partnership, innovation, automation, and process improvements.
The Role: In this role, you will be responsible for the Americas quote to cash Transaction and Asset (QTC) 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 Senior Manager Revenue and Receivables.
Job Responsibilities:
Oversee the Transaction and Asset 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.
Oversee credit rating regulatory entities' revenue and reporting.
Research US GAAP reporting requirements and provide technical accounting research for non-routine or complex revenue transactions in a timely and effective manner.
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 SEC 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.
Provide strong leadership, direction, mentoring and development to the Americas Revenue and Receivables team located in the United States and Canada.
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.
Requirements:
Minimum 5 years of experience in an accounting or related position.
In depth knowledge of US GAAP and revenue accounting and subject matter expertise in ASC 606.
Familiarity in applying revenue recognition principals related to software, service contracts, assets under management and multiple element deliverables.
Excellent analytical, problem-solving, and communication skills.
Proven experience in managing teams and attract, inspire, motivate, and develop talent.
Ability to work collaboratively with global teams and stakeholders.
Experience with Salesforce and Oracle is a plus.
CPA or equivalent accounting certifications a plus.
001_MstarInc Morningstar Inc. Legal Entity
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days 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.
Morningstar and its subsidiaries are an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity, parental status, or other legally protected characteristics or conduct.
