Director of Product Management

The team: 

The Retirement business unit focuses on helping individuals achieve better outcomes by working with institutional clients in the global defined contribution and workplace markets. This is a high growth area for Morningstar and houses a diverse product suite and unique client base. By constantly evolving our solutions and solving our client's problems, we believe we are positioned well for continued future growth.

The Role:

We seek an enthusiastic, results-driven candidate to serve as a Director of Product Management within the Retirement team. In this role, you will work with business stakeholders, creative and engineering partners to create compelling, effective, and innovative online experiences that support our Fiduciary Services and Plan Advantage products. In addition to managing a team, you will also help complete the discovery, analysis, and documentation of requirements for our products. You will be responsible for helping define and execute against the short- and long- term product roadmaps. The ability to manage people, communicate clearly with all levels and form strong relationships with stakeholders is critical in this role.

This position is based in our Chicago office. We follow a hybrid policy of 3 days onsite and 2 days remote work.

Responsibilities:

• Help set and execute product strategy – working to define overall product vision and ensuring alignment to overall business objectives/goals.
• Contribute towards the creation of product roadmaps.
• Manage and mentor more junior members of the team.
• Research, design and create new solutions that overcome key challenges our clients are facing.
• Collaborate with cross-functional teams to ensure product alignment with business objectives.
• Develop and implement product development strategies and roadmaps.
• Rapidly prototype minimum viable products with a goal of conducting user testing and receiving rapid feedback.
• Analyze customer feedback and usage data to inform product decisions and improvements.
• Manage budgets and resources for product management teams.
• Build relationships with key stakeholders, including customers, partners, and vendors.
• Develop business cases, conduct TAM/SAM/SOM analysis, write 6-pager style documents, and press releases to justify investments in new areas of our business.

Skills and experience necessary for this role:

• 10+ years in a technical product management role.
• 7+ years’ experience managing people.
• 5+ years’ experience in the US defined contribution / 401k market
• Confident self-starter with analytical and strategic capabilities.
• Experience with financial analysis and modeling.
• Excellent written and communication skills.
• Experience working within an Agile development process.
• Experience working and managing teams in different locations and time zones.
• Proven track record of leading successful enterprise-level product development projects
• Strong leadership and team management skills
• Ability to stay current with industry trends and technologies.

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 Caregiving Leave
  • Competitive 8-24 Week Paid Parental Bonding 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

Base Salary Compensation Range

$115,815.00 - $208,463.00

Total Cash Compensation Range

$156,350.00 - 281,425.00 USD Annual

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.

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