The Role:In this role, you will assist the Director of Tax with the supervision and management of Morningstar's tax accounting and compliance functions. This full-time role reports directly to the Director of Tax and is based in Chicago. We operate in a hybrid environment where we are in-office 4 days a week. The primary responsibilities include managing quarterly and annual tax provision processes, tax controls, review of US income tax return including book-tax differences, forms, statements, etc. as well as process improvement initiatives.
Key Responsibilities:- Lead the preparation and review of quarterly and annual tax provisions and disclosures required for the 10Q/10K reporting.
- Identify uncertain tax positions and determine the potential impact on the company's financial statements in accordance with ASC 740.
- Lead the preparation and review of the US Income tax compliance filings and related processes, including calculation of book-tax differences, preparation of supporting documentation, coordination with external providers, review of extensions/estimated tax payments, and return-to-provision activities.
- Support external audits and tax authority inquiries by preparing reconciliations, technical documentation, and other supporting materials.
- Research the applicability of any new accounting pronouncements and tax legislation and the impact to Morningstar's tax profile.
- Assist with maintenance and compliance of key tax SOX controls.
- Lead research and implementation of US tax planning and incentive opportunities including providing tax support on legal entity changes, internal reorganizations, and other business initiatives, as needed.
- Assist with M&A activities including due diligence, purchase accounting considerations and integration.
- Identify opportunities to improve process and automate including reducing manual effort and enhancing the overall scalability of the tax function.
- Supervise and develop junior team members, while strengthening delegation, supporting workpapers, efficiencies and execution quality across the function.
- Participate in other ad-hoc projects as assigned.
Requirements:- A bachelor's degree in accounting is required; tax emphasis preferred. M.S. in Tax and/or CPA is a preferred.
- 5-7 years of tax experience with Big 4 accounting firm or large multi-national publicly held corporate tax department. At least two years of experience as a people-manager or in a similar supervisor capacity is required.
- ASC 740 review experience required.
- Working knowledge of tax provision software and familiarity with business intelligence tools (Alteryx, Power BI, Tableau, etc.) is preferred.
- Experience introducing operational and cost efficiencies by leveraging emerging or existing technology solutions (e.g. AI or automation).
- Ability to work well under pressure and manage multiple deadlines.
- Excellent written and verbal communication skills including a comfort level in communicating complex tax concepts (both internally and externally).
- Enthusiastic, self-starter with strong work ethic and excellent organizational, prioritization, and multi-tasking skills.
Compensation and BenefitsAt Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- 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 personal education & well-being expenses
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
Total Cash Compensation Range$121,400.00-186,150.00
Inclusive of annual base salary and target incentiveMorningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office 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.
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