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Accounts Receivable & Collection Analyst
Accounts Receivable & Collection AnalystMorningstar • Chicago
Accounts Receivable & Collection Analyst

Accounts Receivable & Collection Analyst

Morningstar • Chicago
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Job Overview

The Collections Analyst is responsible for managing and improving the company’s accounts receivable process through proactive communication with clients, effective collection of outstanding balances, and maintenance of accurate financial records. This role plays a key part in supporting the company’s cash flow and ensuring a positive customer experience.

Customer Communication & Collections

  • Contact clients regarding past-due invoices and follow up to ensure timely payments.
  • Respond promptly and professionally to customer inquiries related to payments and outstanding balances.
  • Submit invoices through client AP portals and verify receipt when necessary.
  • Communicate remittance details to the cash application or accounting team.
  • Maintain positive customer relationships while effectively managing collection efforts.

Data Management & Reporting

  • Maintain accurate and up-to-date records of collection activity and customer communications.
  • Prepare documentation for third-party collection submissions when required.
  • Support the month-end close process by providing AR status reports and reconciliations.
  • Collaborate with finance and corporate teams to ensure customer master data integrity.
  • Process Improvement & Team Support

  • Identify and escalate potential collection issues or risks.
  • Recommend process improvements to enhance collection efficiency.
  • Partner with internal departments (e.g., Sales, Customer Success, Accounting) to resolve payment-related issues.
  • Required :

    2+ years of experience in Accounts Receivable, Collections, or a related finance role.

    Strong attention to detail, organization, and follow-through.

    Excellent written and verbal communication skills.

    Ability to work independently, manage priorities, and meet deadlines.

    Proficiency with Microsoft Office (especially Excel and Outlook); ability to learn new systems quickly.

    Preferred :

    Associate’s or Bachelor’s degree in Accounting, Finance, or Business.

    Experience using ERP and CRM systems such as Oracle, and / or Salesforce.

    Familiarity with basic accounting and AR reconciliation principles.

    Demonstrated problem-solving skills and a proactive, team-oriented attitude.

    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 Health75% 401k match up to 7%Stock Ownership PotentialCompany 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 coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disability insurance
  • Emotional Health Trust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Caregiving LeaveCompetitive 8-24 Week Paid Parental Bonding LeaveAdoption AssistanceLeadership Coaching & Formal Mentorship OpportunitiesAnnual Education StipendTuition Reimbursement
  • Social Health Charitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity Groups
  • Total Cash Compensation Range

    $74,325.00 - 126,350.00 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.

    001_MstarInc Morningstar Inc. Legal Entity

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    Account Receivable Analyst • Chicago

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