Senior Investment Analyst (multiple positions)

| Chicago, IL, USA | Hybrid
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Chicago, IL

  • Lead projects, support and partner with other team members and be responsible for analyzing investment data to determine solutions for, including but not limited to, portfolio construction, determining model portfolios, performing manager/fund selection including the ability to consider criteria such as style consistency, risk/return statistics, correlation to benchmarks, etc., performing due diligence (both quantitative and qualitative), and recommending solutions and/or changes to client products, services and deliverables (13%).
  • Manage plan sponsor and plan participant client relationships, communicate project goals and deliverables status updates externally, and act as key investment resource clearly articulating complex financial concepts to individuals with varying experience levels (17%).
  • Lead and participate in testing projects to enhance investment methodologies, software functionality and processes within the server-based portfolio construction software (10%).
  • The Senior Investment Analyst on the Automated Portfolio Solutions team will conduct in-depth asset allocation analysis, portfolio construction analysis, and investment vehicle analysis on retirement products using key modern portfolio theory statistics and techniques (10%).
  • Participate in research efforts on the retirement industry with a focus on advice and managed accounts products and services (7%).
  • Work closely with other members of the Investment Management team including client relationship managers, operations/technology, developers, senior management, and other team members around the world (5%).
  • Construct and refine fund-specific portfolios for large institutional clients as part of Morningstar Investment Management's Advice and Managed Account service offering (8%).
  • Act as subject matter expert applying reliable, well-researched decisions regarding fund treatment and fund allocations within portfolios (5%).
  • Assess the theoretical and practical implications of our methodology as you strive to innovate and improve our products and services (5%).
  • Conduct internal and client-facing presentations detailing the five-step portfolio construction process (2%).
  • Identify and work with technology, operations, data groups and clients to resolve investment data issues (3%).
  • Mentor/train junior investment analysts through meetings, emails and weekly calls with global employees and delegate tasks as he or she sees fit to more junior team members (9%).
  • Perform secondary reviews of junior investment analyst fund portfolios, while refining any portfolios identified as suboptimal (6%).

***Remote work requests will be considered consistent with company's remote work policy.

  • Bachelor's degree in Finance, Economics, or a related field and 2 years of experience in Data Consultant, Senior Data Research Analyst, or a related position working in or servicing the Retirement Plan Market.
  • This position also requires: 2 years of experience analyzing funds using both returns-based and holdings-based style analysis using an institutional-level software tool; 2 years of experience applying financial techniques from modern portfolio theory, including statistical analysis, mean-variance optimization, efficient frontiers, alpha, tracking error, Sharpe ratio, and information ratio; 2 years of experience analyzing open and closed-end mutual funds, variable annuities, separate accounts, collective investment trusts, money markets, stable value and guaranteed investment contracts; 2 years of experience working within a retirement-specific asset allocation framework that includes either glide-paths models, target-date and target-risk products, or a human capital/financial capital-focused investing approach; 1 year of experience creating fund-specific portfolios for retirement accounts, plan sponsors, endowments, foundations, trusts, or pensions; and experience with VLOOKUPs and HLOOKUPs, Pivot Charting, conditional formatting and nesting functions in Excel.

Must possess unrestricted right to work in the U.S. in this position
Morningstar Investment Management LLC is an equal opportunity employer.
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
    • 75% 401k match up to 7%
    • 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 Leave & Paternity Leave
    • Adoption Assistance
    • Leadership Coaching & Formal Mentorship Opportunities
    • Annual Education Stipend
    • Tuition Reimbursement

  • Social Health
    • Charitable Matching Gifts program
    • Dollars for Doers volunteer program
    • Paid volunteering days
    • 15+ Employee Resource & Affinity Groups

002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity
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.

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Technology we use

  • Engineering
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • D3JSLibraries
    • ReactLibraries
    • ASP.NETFrameworks
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    • MariaDBDatabases
    • MemcachedDatabases
    • Microsoft SQL ServerDatabases
    • MySQLDatabases
    • PostgreSQLDatabases

An Insider's view of Morningstar

What does your typical day look like?

Every day is a little different. Our team is focused on POC (Proof of Concepts). My work involves problem-solving, development and software design. I work on the Data collections team, currently most of this involves, on a high level, automating the process currently used to collect data from raw sources through Machine Learning.


Software Engineer, Data Collections - AI R&D

How does the company support your career growth?

We believe in promoting from within, based on previous impact to the team. Whenever possible, we will stretch our employees to take on expanded roles that aligns with the career progression they are interested in.


Head of Technology and Product

What are Morningstar Perks + Benefits

Morningstar Benefits Overview

At Morningstar, your contributions have meaning and can drive change. Across our 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. It’s all in the name of empowering investors. Morningstar is proud to offer a comprehensive benefits package to eligible, full-time employees in the United States who work a minimum of 30 hours per week. Our benefits are designed to invest in your -- and your family's well-being, including investments in your health and financial future.

Volunteer in local community
Morningstar encourages our colleagues to become involved in their communities, by providing paid time off for volunteer activities.
Partners with nonprofits
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Flexible work schedule
Morningstar provides employees with a flexible work schedule that includes Summer hours, Work from home, Flexible start and end times.
Remote work program
The safety of our employees is very important to us. We have been operating remotely due to COVID-19.
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Morningstar encourages unconscious bias training for all employees, especially managers and hiring personal. We believe that by raising awareness of bias we can decrease its effects.
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
Morningstar offers two Flexible Spending Accounts (FSA)— one for healthcare expenses and one for dependent care expenses. You may enroll in both $ determine the contribution amount.
Disability insurance
Dental insurance
Our dental plan covers 100% of preventive services, 80% of basic services, and 50% of major services.
Vision insurance
With Morningstar's vision benefits you can get an annual eye exam with an in-network provider with just a $10 copay.
Health insurance
Morningstar continues to offer the choice of two medical plans—the Savings Plan and the Classic Plan. Both are administered by Blue Cross and Blue Shield of Illinois (BCBS).
Life insurance
Morningstar offers 4 tiers of life insurance that offer varying benefits. Basic Life insurance is equal to 1 times an employee's annual salary.
Wellness programs
Mental health benefits
Our insurance covers 80% on in-network mental health services. Our Employee Assistance Program provides no-cost, confidential, 24-hour counseling on a wide variety of issues.
Financial & Retirement
Take advantage of a number of Morningstar tools to help you manage your 401(k) account and your finances, including Morningstar Retirement Manager, available to you at no cost.
401(K) matching
Morningstar provides employees with a 401(k) matching plan managed. We match $0.75 for every dollar contributed, up to a maximum of 7% of employee pay contributed to the plan each pay period.
Company equity
Morningstar’s global employee equity benefit, Shared Ownership, enables you to take a portion of your bonus payout and exchange it for RSUs, with Morningstar providing an additional 50% match.
Employee stock purchase plan
Colleagues who exceed their performance goals substantially may be eligible for Impact RSU Awards as an additional reward on top of their cash bonus/commission award.
Performance bonus
Charitable contribution matching
Morningstar's Matching GIfts program will match your charitable giving up to the local currency equivalent of $500 USD per calendar year.
Child Care & Parental Leave
Childcare benefits
Colleagues who exceed their performance goals substantially may be eligible for Impact RSU Awards as an additional reward on top of their cash bonus/commission award.
Generous parental leave
Morningstar has a global minimum of 6 weeks paid time-off to bond with new family members. This benefit applies to all individuals equally, including birth mothers, fathers, adoptive parents.
Family medical leave
Eligible employees may take up to 12 weeks of job-protected, unpaid leave per year for certain specified reasons, and up to a total of 26 workweeks of leave to care for a family member.
Adoption Assistance
We reimburse up to 80% for eligible adoption expenses, up to $4,000 per adoption, in addition to a minimum of 6 weeks paid time off.
Return-to-work program post parental leave
Company sponsored family events
Morningstar sponsors family oriented events Annually.
Vacation + Time Off
Unlimited vacation policy
Generous PTO
Paid volunteer time
Our employees receive 2 days per year of paid volunteer time.
Paid holidays
Paid sick days
Office Perks
Commuter benefits
Company-sponsored outings
Free daily meals
Some meals provided
Company-sponsored happy hours
Recreational clubs
Relocation assistance
Fitness stipend
Professional Development
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

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