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Job Details

Morningstar is looking for a Mutual Fund Accounting Manager to join our Morningstar team, which is focused on innovation, automation and process improvements.

As a Mutual Fund Accounting Manager and upon Board of Trustees approval, you will work closely with the Morningstar Funds Trust (the Funds). This is a full-time position and is based in our Chicago office in the heart of the Loop.

Responsibility:

•    Assist the Fund’s Principal Financial Officer in overseeing the activities performed by the Funds’ administrator and fund accountant.
•    Assist the Funds’ independent auditor on accounting and financial reporting matters.
•    Assist in the preparation of materials for the Funds’ Board of Trustees on accounting and financial reporting matters.
•    Oversee and monitor the daily net asset value calculated by the Funds’ administrator. 
•    Review the calculation of the funds' monthly SEC yields and income accruals, including analysis of changes for previous month, as required.
•    Manage the Funds' expenses, including the accounts payable process and budget. 
•    Manage the process on the Morningstar side to compile the required 40 Act Regulatory Filings (Annual Report, Semi-Annual Report, Prospectus and NPORT) in coordination with the Funds Administrator. 
•    Contribute to the oversight and implementation of financial policies and procedures. 
•    Identify, drive and implement improvement opportunities. 
•    Assist in preparing and measuring investment adviser profitability reports for the Funds’ Board of Trustees, including 15c reporting.
•    Assist with monthly general ledger closing journal entries, including revenue accruals and cost of sales.
•    Assist in managing the Mutual Fund Finance Committee meeting by preparing materials that present net revenue of the funds and how fund expenses are tracking relative to budget.
•    Liaise with teams across the organization such as operations, product development, legal & compliance, investment advisory, and marketing.
•    Participate in special projects as requested by the Funds’ Board of Trustees.
 

Requirements:

•    Bachelor’s degree in accounting or finance required.
•    Completion of CPA, CFA is preferred.
•    Minimum 7 years of applicable mutual fund administration and accounting experience.
•    Excellent communication, teamwork, and collaborative skills.
•    Demonstrates a strong understanding of fund accounting and administration in the mutual fund industry, which includes experience managing the year-end audit process.
•    Understanding of regulatory and compliance requirements required for 40 Act Mutual Funds. Demonstrates a deep understanding of risk assessment and ensures strong internal control procedures and documentation.
•    Knowledgeable regarding derivative products - SWAPS, Futures, Forwards and options, including custodial and operational best practices.
•    Experience with general corporate accounting, a plus. 

 

Company

Morningstar is an independent provider of the most reliable, unbiased investment information available. The company’s extensive line of Internet, software, and print services offers news, data, and analysis on stocks, mutual funds, closed-end funds, and variable annuities. Morningstar has a global presence in the investment industry with operations worldwide. The company tracks, analyzes and publishes information on nearly 100,000 investment securities. Every person who works at Morningstar contributes to our success. We want to attract talented, hardworking, enthusiastic people in order to create an environment that fosters an entrepreneurial spirit, allows employees to advance based on performance, and rewards them for helping Morningstar thrive.

Company info
Location
22 W Washington
Chicago
IL
60602
US

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