Lottery Financial Analyst - Connecticut Lottery Corporation

TITLE: Lottery Financial Analyst

SALARY: $86,068.00 starting annual salary

Located in Wallingford, the Connecticut Lottery Corporation (CLC) is a quasi-public agency of the State of Connecticut. We partner with over 2,800 retailers to sell our tickets statewide. With a strong focus on responsible gambling, we have achieved over $1 billion in sales and returned over $400 million to the state’s general fund last year alone.

DUTIES AND RESPONSIBILITIES

• Perform complete general ledger accounting according to Generally Accepted Accounting Principles (GAAP) in multiple trial balances including manual entries and downloading from automated systems

• Perform financial analysis by creating and maintaining periodic schedules utilizing a variety of software reports.

• Monitor business operations and prepare general purpose financial statements

• Perform inventory reconciliation on internal and external computerized systems

• Work with our Collections Department to identify delinquent customers, initiate retailer collection efforts and assess penalties and interest

• Serve as an information resource to prize winners, retailers, auditors, insurance companies, financial institutions and the Office of the State Treasurer

• Act as liaison to IRS for reporting withholdings and reconciling tax discrepancies

• Work with insurance companies, attorneys, garnishments and annuity winners as part of the long-term annuity payment process

• Perform analysis and reconciliation to special anniversary payment system

• Initiate electronic fund transfers (EFT) to winners, retailers, banks, investment firms and IRS

• Monitor cash reserves and recommend amounts for transfer into investment account

• Perform monthly bank reconciliations for multiple cash accounts

• Ensures that games conform to design specifications and verifies winning statistics and prize structures

• Prepares profit analysis for various product groups

• Analyzes prize liability and unclaimed prizes by game

• Perform other related duties as required

KNOWLEDGE, SKILLS AND EXPERIENCE

In addition to having knowledge of a complete general ledger system, budgeting/forecasting and profit analysis, this self-starter will also have experience with inventory procedures; reconciliations for diverse products; auditing principles and practices as well as taxes, primarily federal and state withholding and IRS reporting for forms W-9, 1099 and W-2G.

The selected candidate must also be able to demonstrate analytical and problem-solving ability. They must have excellent communication skills, both oral and written as well as supervisory ability. Demonstrated organizational skills combined with computer proficiency (Microsoft Word, Excel) and the ability to utilize Microsoft Dynamics Great Plains systems are also preferred.

Seven (7) years’ experience in accounting, computerized reporting systems and customer service for a GAAP business environment is required with one (1) year of experience at the professional level. College training in accounting or a closely related field may be substituted for some of the general experience.

PREFERRED QUALIFICATIONS

• 4-year Accounting degree or seven (7) years of accounting related experience
• Experience with Great Plains or other financial systems processing General Ledger software
• Experience with Microsoft Excel, including creating pivot tables and utilizing VLOOKUP functions
• Considerable experience analyzing and evaluating financial records, methods, procedures; interpreting and implementing accounting procedures
• Experience working with accrual accounting
• Experience with cash handling and bank systems
• Considerable experience in both oral and written communication

At CLC you will be immersed in an exceptional work environment, surrounded by colleagues who are committed to helping each other grow. The CT Lottery is an equal opportunity employer. We welcome and encourage diversity in the workplace regardless of race, gender, religion, age, sexual orientation, gender identity, disability or veteran status.

Interested candidates must submit a CLC application, along with a cover letter and resume via www.ctlottery.org/careers . Only those applications received by January 28, 2025, close of business will be considered.

Offer of employment is subject to State and Department of Consumer Protection licensing & regulatory requirements and in accordance with re-employment and SEBAC rules.