Commercial Product Manager

The Team:
Morningstar Retirement partners with institutional clients across the defined contribution and workplace markets to help individuals achieve better retirement outcomes. Our Managed Accounts team is a high-growth area within Retirement, supporting a diverse product suite and client base with real room to keep evolving.

The Role:
We're looking for a Senior Product Manager who will bring deep customer and market knowledge to accelerate the work our product team is already doing. This role is built for someone who has spent real time with recordkeepers, RIAs, and plan sponsors whether in sales, sales support, or a closely adjacent function and understands how to turn what the field is telling us into product decisions.

You'll work inside an existing product team, taking ownership of a defined piece of the roadmap rather than operating as a free-floating advisor. You'll partner closely with product, engineering, and design, and just as closely with sales and go-to-market, to make sure what we build actually reaches the right clients and drives adoption.

This position is based in our Chicago office and follows a hybrid model with a minimum of four days onsite. We prioritize in-person collaboration because we've found it strengthens creative quality, alignment, and team momentum.

What You'll Do

• Own a structured process for capturing field feedback from recordkeepers, RIAs, and sponsors, and translate it into clear, prioritized product input for the team
• Take ownership of specific product initiatives each quarter working directly in the backlog alongside other PMs, not adjacent to it
• Partner with sales and go-to-market on launch plans for new features, ensuring enablement and adoption are built in from day one, not added after the fact
• Act as a technical/investment subject matter expert on large sales opportunities and support retention efforts for our most complex clients
• Explore how AI can improve product experience, workflows, and client outcomes, and help bring practical AI-assisted tools to the broader team
• Serve as an external voice for the business through research, writing, speaking, and client engagements
• Partner with Client Service and Client Solutions to incorporate client feedback into the product

What We're Looking For:

• Real, established relationships across sales/field teams serving recordkeepers, RIAs, and plan sponsors. Inside sales experience is a strong plus
• Working knowledge of retirement plan products, methodology, and the managed accounts landscape
• 6-8+ years of relevant experience in product management, sales enablement, or a closely related function
• A track record of driving outcomes inside a collaborative team structure, not just individually
• Comfort operating in a fast-paced, ambiguous environment with shifting priorities
• Excellent written and verbal communication skills
• A bachelor's degree required

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

• 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 Leave

  • Adoption Assistance

  • Leadership Coaching & Formal Mentorship Opportunities

  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

  • Tuition Reimbursement

• Social Health

  • Charitable Matching Gifts program

  • Dollars for Doers volunteer program

  • Paid volunteering days

  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$161,050.00-246,933.33

Inclusive of annual base salary and target incentive

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 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.

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