FP&A Manager

The Group
 

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.
 

The Role

Morningstar Wealth’s FP&A team is seeking an FP&A Manager to serve as the finance lead for the US Wealth 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.

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 is based in Chicago, IL.
 

Key Responsibilities:

Financial Ownership & Planning

• Own the end‑to‑end financial planning, budgeting, forecasting, and reporting processes for the US Wealth 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 Wealth leaders, providing guidance on tradeoffs, risks, and financial implications
   

Performance Management, Variance Analysis & Storytelling

• 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
   

Business Partnership & Judgment

• Develop a deep understanding of Wealth 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
   

Process Improvement & Team Leverage

• 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
• Partner with global FP&A colleagues to raise standards of analysis and communication
   

Qualifications:

• 7+ years of progressive experience in FP&A, corporate finance, or related roles
• Bachelor’s degree required; CPA and/or MBA a plus.
• 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
• Advanced Excel and PowerPoint skills; experience with financial planning systems (e.g., Adaptive, Workday, Oracle EPM) preferred
• Experience in asset management, wealth management, or financial services strongly preferred

Compensation and Benefits

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 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 - 218,525.00 USD Annual

Inclusive of annual base salary and target incentive

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.

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