FP&A Manager

About Morningstar Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $369 billion in AUMA as of Sept. 30, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.

Morningstar

Investment research

M

morningstar.com/company

10,001+ employees

Financial Services

Chicago, IL

Public Company

461k LinkedIn followers

Raised $91M

• Morningstar Wealth is a core part of the broader Morningstar group, empowering
• investor success by delivering world‑class investment products and technology
• solutions to advisors, individuals, and the businesses who serve them. As a
• global team, we bring together data, research, analytics, and investment
• capabilities to help clients achieve better outcomes.
• Morningstar Wealth’s FP&A team is seeking an FP&A Manager to serve as the
• finance lead for the US Investment Management business. This role sits at the
• center of strategic and financial decision‑making and is responsible for owning
• the credibility, clarity, and consistency of financial performance narratives
• provided to senior leadership. It would be an exciting opportunity for a current
• Senior FP&A Analyst to rise to a new role.
• This is not a reporting‑only role. The FP&A Manager is expected to independently
• own variance explanations, challenge assumptions, and ensure leadership receives
• accurate, well‑validated, and decision‑useful insights. The role reports to the
• Director of Financial Planning & Analysis and requires four days a week in our
• Chicago office.
• Own the end‑to‑end financial planning, budgeting, forecasting, and reporting
• processes for the US Investment Management business
• Lead budget, forecast, and long‑range planning in close partnership with
• business leaders, ensuring assumptions are well understood, clearly
• articulated, and appropriately challenged
• Act as the primary finance partner for US Investment Management leaders,
• providing guidance on tradeoffs, risks, and financial implications
• Own monthly and quarterly performance reviews, producing credible,
• executive‑ready variance explanations that clearly identify primary drivers,
• separate signal from noise, and articulate implications
• Independently validate assumptions and push back on weak or unsupported
• explanations before outputs reach senior leadership
• Ensure consistent variance taxonomy (e.g., run‑rate vs one‑time,
• volume/price/mix/timing) and high analytical standards across deliverables
• Develop a deep understanding of Investment Management business operations,
• revenue models, pricing mechanics, and cost drivers
• Translate complex financial results into clear, concise narratives that
• inform leadership decisions
• Serve as a trusted advisor to business leaders, balancing partnership with
• appropriate challenge
• Improve FP&A processes, templates, and controls to enhance efficiency,
• accuracy, and scalability
• Act as a quality gate for FP&A outputs, reducing rework and ensuring
• consistency across geographies
• Embed AI-enabled tools and repeatable workflows where appropriate to improve
• speed, consistency, and insight generation across planning and reporting
• processes
• communication
• Identify practical opportunities to use AI and automation to streamline
• forecasting, variance analysis, reporting, and recurring FP&A workflows while
• maintaining strong controls and validation standards

Required

• 5-7 years of progressive experience in FP&A, corporate finance, or related
• roles
• Bachelor's degree
• Demonstrated experience owning financial performance narratives and
• presenting to senior leadership
• Strong business acumen with the ability to connect financial outcomes to
• operational drivers
• Proven ability to challenge assumptions constructively and protect the
• credibility of finance outputs
• Experience in asset management, wealth management, or financial services

Preferred

• Advanced Excel and PowerPoint skills
• context, including automation, scenario analysis, narrative generation, and
• analytical quality checks

• At 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
• 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
• well-being expenses
• $125,050.00-191,733.33
• Morningstar'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.