Address- Join a diverse community of great people who support their peers and their communities.
- We give our employees opportunities to grow from early career to experienced hires-and you can build a career that matters at Morningstar.
- We support personal and professional development through a variety of programs, including an annual Education Stipend that you choose how to spend to support your growth.
Welcome to Morningstar. We're a people-centric company led by a mission to empower investor success.
At Morningstar, your contributions have meaning and can drive change. Across our 12,000 colleagues and 29 offices worldwide, we've invested in fostering a community where talented, driven people can grow. Our entrepreneurial spirit and uncompromising ethics guide everything we do. We're always thinking about the next big thing. It's how we grew from a startup to a global investment research company in just 35 years.
The Group: The Investment Management group consists of our investment advice and investment management capabilities. Through our registered investment advisor subsidiaries, we use our expertise in asset allocation, manager research, and portfolio construction to create innovative investment solutions for institutions, advisors, and their clients. Everything we do is driven by our independent view, long-term investment approach and desire to always put investors first.
The Opportunity: The Investment Management group requires a Portfolio Accounting/Financial Reporting & Tax Manager to support the operational service delivery to investors and to ensure the accuracy of distributions and financial reporting for the investment portfolios managed within the group. This role engages with relevant internal and external stakeholders to ensure the accurate and timely production of accounting and tax information for the Ibbotson Investment Trusts and separately managed accounts. The role is also responsible for provision of revenue and other financial information to relevant stakeholders. This position is based in our Sydney office and reports to the Chief Operating Officer.
Your day to day responsibilities will conclude:
Distributions and financial reporting
- Manage the quarterly and year-end trust distributions, income tax returns. BAS returns and annual trust financial statements processes (with support from external custodian/administrator and tax advisor).
- Review of monthly accounting package for the trusts (including trial balances) from external custodian/administrator ensuring the accuracy of accounting recognition.
Financial management, budgeting & forecasting
- Manage the group's input to budget and forecasting processes (covering trust, managed account and advisory client fees as well as expense accruals)
- Manage running expense accruals process (quarterly modelling and update) and trust ICR calculation and reporting.
- Manage monthly revenue and fees/expenses recovery process including provision of management information (FUM/FUA, financial results/charts etc)
- Commissions calculation monitoring and offshore liaison
- Review and provision of performance based revenue recognition
Business Improvement & innovation
- Provide advice on, primarily from an accounting/ financial/ tax perspective, and management of key projects as requested (e.g FATCA, Managed Investment Trust tax changes, integration projects, tax impacts of trust rationalisation)
About you:
- Bachelor degree in commerce/business/accounting
- Professional qualifications with ACA, CPA or similar with 3-5 post qualification experience
- Experience in funds management / fund accounting (financial & Tax), exposure to multi-manager trusts an advantage.
- Detailed understanding of taxation and accounting principles relevant to trusts.
- Superior spreadsheet and accounting systems skills.
- Demonstrated understanding of business processes and internal controls.
- Demonstrated Understanding of management reporting.
Build a career that matters at Morningstar
At Morningstar, your contributions have meaning and can drive change. We offer a place where talented, driven people can grow. Our differences are our strength; the fact that we don't all think the same way and encourage unique perspectives helps create great products and services for our clients. Morningstar deeply values diversity and considers having a diverse employee base as core to the intellectual vibrancy of our spaces, the employee experience, and ultimately our business success. We are proud that we have been acknowledged with Best Places to Work certifications in many of our global locations.
Sound like the sort of role for you? Apply now.
The preferred candidate will be subject to background screening by Morningstar or by our external third-party provider. Morningstar is an equal opportunity employer.
704_MstarAusAsiaPtyL Morningstar Australasia Pty Limited 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.
