EDUCATION:
Minimum of a bachelor’s degree in accounting. Certified Public Accountant (CPA) preferred.
EXPERIENCE:
Minimum of four years of employment experience in accounting and auditing. Experience in accounting/auditing in a gaming regulatory or gaming compliance operation is preferred, or any combination of education and experience that shall be substantially equivalent to the above education and experience.
SCHEDULED HOURS:
Monday through Friday; 8:00 a.m. to 4:00 p.m.
Job Requisition NumberJR103306 Casino Financial Analyst (Open)Pay GradeU00832JAClassificationCasino Financial AnalystClass DefinitionThis position is responsible for working with a highly qualified accounting team and is an integral position within the RI Lottery’s Finance Department.
This position is responsible for implementing and maintaining the end-to-end accounting procedures for a new sports book offering in the State of Rhode Island. This hands-on role requires expertise in finance, strong technical accounting skills, and the ability to design scalable processes from the ground up. The ideal candidate will have experience with casino accounting, state gaming laws, and the rules and regulations related to sports wagering. This position will be responsible for executing in accordance with the daily accounting policies and procedures, and monitoring compliance with RI’s sports book(s) and iGaming platform(s). The position may assist with accounting work related to other gaming products offered by the RI Lottery.
In this position the successful candidate’s primary responsibilities will include:
- Designing and implementing all sportsbook-specific accounting policies, procedures, and internal controls related to an incremental sports wagering platform to be implemented in Rhode Island.
- Overseeing the design of all sportsbook-specific system reporting on an incremental sports wagering platform, to adhere to sports wagering requirements.
- Completing the daily accounting and reporting in accordance with policy, and completing weekly wire transfers.
- Monitoring and reconciling financial reporting discrepancies by collecting and analyzing accounting information.
- Verifying and maintaining reports and records of gaming accounting transactions for preparation of financial reports, operating reports, adjustments and closing entries, through the trial balance.
- Monitoring gaming reports, preparation of revenue and expense estimates, preparation of monthly standard journal entries, and other financial responsibilities as may be assigned by management.
- Performing daily internal control procedures for compliance requirements.
- Providing regular financial analysis and reports to senior management.
- Providing back-up for colleagues during their vacations/leaves.
- Other financial responsibilities may be assigned by management.
- This position will be primarily located at our two casino locations in Lincoln and Tiverton, RI., and occasionally may be required to work from the Lottery headquarters in Cranston, RI.
This position is responsible for implementing and maintaining the end-to-end accounting procedures for a new sports book offering in the State of Rhode Island. This hands-on role requires expertise in finance, strong technical accounting skills, and the ability to design scalable processes from the ground up. The ideal candidate will have experience with casino accounting, state gaming laws, and the rules and regulations related to sports wagering. This position will be responsible for executing in accordance with the daily accounting policies and procedures, and monitoring compliance with RI’s sports book(s) and iGaming platform(s). The position may assist with accounting work related to other gaming products offered by the RI Lottery.
In this position the successful candidate’s primary responsibilities will include:
• Designing and implementing all sportsbook-specific accounting policies, procedures, and internal controls related to an incremental sports wagering platform to be implemented in Rhode Island.
• Overseeing the design of all sportsbook-specific system reporting on an incremental sports wagering platform, to adhere to sports wagering requirements.
• Completing the daily accounting and reporting in accordance with policy, and completing weekly wire transfers.
• Monitoring and reconciling financial reporting discrepancies by collecting and analyzing accounting information.
• Verifying and maintaining reports and records of gaming accounting transactions for preparation of financial reports, operating reports, adjustments and closing entries, through the trial balance.
• Monitoring gaming reports, preparation of revenue and expense estimates, preparation of monthly standard journal entries, and other financial responsibilities as may be assigned by management.
• Performing daily internal control procedures for compliance requirements.
• Providing regular financial analysis and reports to senior management.
• Providing back-up for colleagues during their vacations/leaves.
• Other financial responsibilities may be assigned by management.
• This position will be primarily located at our two casino locations in Lincoln and Tiverton, RI., and occasionally may be required to work from the Lottery headquarters in Cranston, RI.Benefits
For information regarding the benefits available to State of Rhode Island employees, please visit the Office of Employee Benefits' website at http://www.employeebenefits.ri.gov/.
Also, be advised that a new provision in RI General Law 35-6-1 was enacted requiring direct deposit for all employees. Specific to new hires, the law requires that all employees hired after September 30, 2014 participate in direct deposit. Accordingly, any employee hired after this date will be required to participate in the direct deposit system. At the time the employee is hired, the employee shall identify a financial institution that will serve as a personal depository agency for the employee.
Skills Required
- Bachelor's degree in accounting
- Minimum of four years of accounting and auditing experience
- Strong technical accounting skills and ability to design scalable accounting processes
- Ability to complete daily accounting, reconciliations, weekly wire transfers, and month-end closings
- Certified Public Accountant (CPA)
- Experience in accounting/auditing in gaming regulatory or gaming compliance operations or casino accounting
- Knowledge of state gaming laws and sports wagering rules and regulations
What We Do
The State of Rhode Island is the official government entity responsible for the administration, governance, and delivery of public services to the citizens and residents of the state of Rhode Island.
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