Job Title: Senior Equity Analyst (multiple positions)

Location: Chicago, IL

Job Responsibilities:

• Personal Administrative Tasks (Manager Meeting, Team meeting Company events etc.) (5%).

• The position is research focused and has client-facing responsibilities.

• Promptly and diligently answer client inquiries regarding covered companies. (Client and Media Interactions) (10%).

• Acquire a deep understanding of and outlook for covered companies and industries by gathering and interpreting relevant regulatory filings, reports, news, and data to create an investment mosaic (10%).

• Maintain intrinsic value estimates for covered companies based on our proprietary discounted cash flow model. (Financial Modeling) (15%).

• Regularly publish detailed company reports and in-depth notes aimed at a broad audience of investors. (Note and Report Writing) (15%).

• Investigate and publish long-form research that yields insights for clients that are differentiated, substantiated, and clearly communicated. (Special Report Writing) (25%). Develop a network of relationships with industry experts and covered company representatives to enhance our research product and build Morningstar's brand and reputation (5%).

• Proactively surface attractive investment ideas internally and externally to support all products and clients, including collaboration with the Equity Research Sales team (5%). Support and contribute to the departments and a sector team's long-term initiatives, including collaboration with global colleagues, development of talent, and review of team member research (10%). ***Telecommuting opportunities available according to company's Workplace Flexibility Policy.

Job Requirements:

• This position requires a Bachelor's degree in Economics, STEM, Engineering Management, or a related field, or foreign equivalent and 5 years of relevant experience either in equity research or industry, Associate Equity Analyst, Financial Product Specialist.

• In alternative, we will accept a Master's degree in Economics, STEM, Engineering Management, or a related field, or foreign equivalent and 2 years of relevant experience either in equity research or industry, Associate Equity Analyst, Financial Product Specialist.

• In addition, the following skills are required: experience with microeconomics including company and industry specific pricing, profitability analysis and forecasting.

• Experience with selecting equities that deliver superior returns over a long holding period; experience with merger accounting and ability to consolidate segment level accounting; experience with the industry specific accounting conventions and ability to utilize it to spot issues in analysis; experience with forecasting and DCF Modeling;

• Experience with scrutinizing and challenging research work undertaken by other team members; equity expertise to understand key dynamics that drive company performance such as business models, various sectors.

Must possess unrestricted right to work in the U.S. in this position.

Morningstar Research Services is an equal opportunity employer.

Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least 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.