Revenue and Receivables Accountant
Revenue and Receivables Accountant
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Job Description
The Group: Morningstars Corporate Finance plays an essential role in supporting our companys strategic initiatives daytoday 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: Morningstar is looking for an Accountant to join our Americas Revenue and Receivables team and will report to the Revenue and Receivables Manager Transaction Based Revenue. In this role you will be responsible for managing and overseeing the revenue recognition and accounts receivable processes for transactionbased revenue streams. You will work collaboratively with multiple departments to understand assess and improve the revenue and receivable processes. You will play an integral role with our close and financial reporting process accounting standards compliance and process improvements. This role is based in Chicago and operates in a hybrid environment with inoffice presence required three days a week.
- 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.
- Collaborate with sales and legal teams to address revenuerelated issues.
- Accounts Receivable Management:
- Collaborate with the America Accounts Receivable and India Shared Services team on AR processes including invoicing collections and reconciliations.
- Monitor aging reports and follow up on overdue accounts.
- Implement and maintain credit policies and procedures.
- Resolve customer billing inquiries and disputes.
- Ensure appropriate AR reserve balances.
- Financial Reporting:
- Perform certain reconciliations to ensure completeness and accuracy of billings for each period.
- Prepare and approve journal entries account reconciliations financial statement schedules and other requirements of monthend close process.
- Assist in quarterly and annual financial and regulatory reporting.
- Compliance:
- Ensure compliance with internal controls and SOX requirements.
- Develop and document accounting policies and procedures.
- Conduct regular reviews to ensure adherence to compliance standards.
- Identify and implement process/control enhancements.
- Audit Support:
- Coordinate with internal and external auditors and assist in audit procedures.
- Prepare audit schedules and provide supporting documentation.
- Address audit findings and implement corrective actions.
- Liaise with internal and external auditors to ensure smooth audit processes.
- Process Improvement:
- Identify and implement process improvements and automation initiatives.
- Evaluate current processes and recommend enhancements.
- Lead or participate in crossfunctional projects to improve efficiency.
- Stay updated on industry best practices and integrate them into operations.
- Team Collaboration:
- Work closely with various departments 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.
Requirements
- Education:
- Bachelors degree in accounting or a related field; CPA or CPA candidate preferred.
- Continuing education and professional development in accounting and finance.
- Experience:
- Minimum of 2 years in public accounting or industry with experience in financial statement preparation and regulatory filings.
- Experience with revenue recognition and accounts receivable processes.
- Familiarity with SEC reporting and SOX compliance.
- Prior public accounting experience preferred.
- Skills:
- Strong proficiency in Microsoft Office particularly Excel.
- Excellent communication and documentation skills.
- Ability to manage multiple priorities and meet deadlines.
- Strong analytical and problemsolving skills.
- Familiarity with sales CRM and accounting software a plus (e.g. Salesforce Oracle FCCS Workiva SideTrade Blackline Tableau).
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. Thats why we champion your wellness through a widerange of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- Financial Health
- 75 401k match up to 7
- Stock Ownership Potential
- Company provided life insurance 1x salary commission
- Physical Health
- Comprehensive health benefits (medical/dental/vision) including potential premium discounts and companyprovided HSA contributions (up to $500$2000 annually) for specific plansand coverages
- Additional medical Wellness Incentives up to $300$600 annual
- Companyprovided long and shortterm disabilityinsurance
- Emotional Health
- TrustBased Time Off
- 6week Paid Sabbatical Program
- 6Week Paid Family Caregiving Leave
- Competitive 824 Week Paid Parental Bonding Leave
- Adoption Assistance
- Leadership Coaching & Formal MentorshipOpportunities
- Annual Education Stipend
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15 Employee Resource & Affinity Groups
Base Salary Compensation Range
$65591..00 USD AnnualTotal Cash Compensation Range
$72150..00 USD AnnualMorningstars hybrid work environment gives you the opportunity to work remotely and collaborate inperson each week. While some positions are available as fully remote weve found that were at our best when were purposely together on a regular basis typically three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are youll have tools and resources to engage meaningfully with your global colleagues.
001MstarInc Morningstar Inc. Legal EntityEmployment Type
Full-Time
