Lead Investment Analyst

Responsibilities

• Research and issue opinions on managed investments for use in multi-asset portfolios, with an emphasis on private markets and semiliquid vehicles.
• Evaluate and recommend investment opportunities across private equity, private credit, infrastructure, and property.
• Lead due diligence and financial analysis on target investments, including cash flow, liquidity, and valuation modeling.
• Develop and refine the protocols we use to evaluate and allocate to private vehicles in long-horizon portfolios.
• Monitor fund performance and liquidity and conduct periodic meetings with private asset managers.
• Serve as a subject-matter expert on portfolio construction, investment modeling, and risk for private markets exposures.
• Work with product, distribution, and other teams to keep them apprised of research’s activities and help ensure that they are aligned with business needs.

Qualifications

• Bachelor’s degree in finance, economics, or another quantitative discipline (or foreign equivalent) and 5+ years of relevant experience; or a graduate degree and 2+ years.
• Experience in multi-asset portfolio management.
• Experience conducting due diligence and research on private investment vehicles at an endowment, foundation, family office, OCIO, or similar institution.
• Applied experience with statistical and econometric methods used in finance, including numerical optimization and multiple regression.
• Ability to develop new methodologies and defend them to an internal audience.
• Proficiency in Excel and working knowledge of Python.
• Clear written and verbal communication.
• Experience working with colleagues and stakeholders across locations and time zones.

Preferred

• CFA and/or MBA.
• Familiarity with private markets data tools such as PitchBook.

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: 100% 401k match up to 6% of salary.
• Stock Ownership Potential.
• Company provided life insurance - 1x salary + commission.
• 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).
• Wellness Incentives - up to $300-$600 annually.
• Company-provided long- and short-term disability insurance.
• Emotional Health: Trust-Based Time Off, 6-week Paid Sabbatical Program, 6-Week Paid Family Caregiving Leave, Competitive 8-24 Week Paid Parental Leave, Adoption Assistance.
• Ledership Coaching & Formal Mentorship Opportunities.
• Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses.
• Tuition Reimbursement.
• Dollars for Doers volunteer program.
• Paid volunteering days.
• Employee Resource & Affinity Groups.

Total Cash Compensation Range: $147,550.00-226,233.33 Inclusive of annual base salary and target incentive.