Fund Administration Manager

The ROLE
The Morningstar Wealth group seeks a Fund Administration Manager whose primary responsibilities will include: managing accounting and reporting for Mutual Funds within the Morningstar Funds Trust, a regulated entity with the SEC, leading financial and operational evaluations related to ETF launches, supporting various operational functions within the Morningstar Wealth business. As the Fund Administration Manager, and upon Board of Trustees approval, act as the Assistant Treasurer of the Morningstar Funds Trust (the Funds) in support of the Funds Principal Financial Officer. This is a non-people management position based out of Morningstar's corporate office in Chicago, IL and requires a minimum of 3 days per week in office.
RESPONSIBILITIES

• Assist the Funds' Principal Financial Officer (PFO) in providing oversight of the Funds' administrator and other service providers.

• Manage the Funds' budget, including expense payment tracking and authorization, monthly accrual review, subadvisory fee payment processing and other related items.

• Assist the PFO in managing the Semi-Annual and Annual Report process in coordination with the Funds Administrator and internal teams.

• Reconcile, review and validate data in support of regulatory filings (i.e., NPORT, N-CEN, annual Prospectus, etc.)

• Lead financial and operational evaluation of potential ETF launches through collaboration with service providers, subadvisers, and various teams within Morningstar.

• Develop financial and operational infrastructure for ETF support, create and maintain related process and procedure documents.

• Calculate and compile profitability and forecasting reports

• Serve as Committee Chair of the Morningstar Funds Trust Pricing Committee

• Prepare and present financial highlights and other requested financial materials, including 15c reports, to the Funds Trust Board of Trustees

• Build economies of scale and improve accounting efficiencies through process improvement and automation.

• Develop and maintain accounting and operational policies and procedures.

• Regularly perform operational tasks including: cash and trade processing, trade settlement monitoring, cash forecasting, etc.

• Participate in special projects and perform other duties as assigned.

QUALIFICATIONS

• BS in Accounting or Finance required.

• Completion of CPA, CFA is preferred.

• Minimum 7 years of applicable fund administration and accounting experience.

• Subject matter expertise in Mutual Fund and ETF processes, operations and accounting.

• Understanding mutual fund and ETF tax requirements a plus.

• Knowledgeable regarding derivative products - SWAPS, Futures, Forwards and options, including custodial and operational best practices.

• Must have excellent analytical, technical, organizational, and problem-solving skills.

• Excellent verbal and written communication skills a must.

• High level of proficiency with the Microsoft Office suite of applications, exceptional Excel skills a plus.

• Experience with general corporate accounting a plus.

• Morningstar is an equal opportunity employer.

002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity
If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues.