Financial Analyst 9-12 - Financial Gaming Services

The Michigan State Lottery generates revenue through lottery ticket sales to support Michigan’s public-school system and education programs. The Financial Analyst reviews, analyzes, and reconciles gaming-system financial transactions, retailer accounts, prizes, taxes, incentives, inventory, and related reports while maintaining the integrity and confidentiality of Lottery operations.

What you'll do:

• The experienced-level Financial Analyst will review, analyze and balance daily and weekly reconciliation of the Lottery Enterprise Series Gaming System, which is pertinent to the overall integrity of the Lottery
• This includes reconciling and authorizing the weekly sales and commission transactions associated with the gaming system, analysis of retailers’ financial adjustments and final billings
• This position is responsible for preparing reconciliations for Instant, Pull-tab, and Insta-tab game closures before ticket inventory is authorized to be destroyed, review/approve credit reviews for licensing new retailers and calculate and process Retailer Online, Printed Product and Cashless Incentives
• This position balances gaming system, and ICS reports the regional check writer for prizes paid to winners through our ES gaming system across six regional offices including prizes paid at Lottery Central
• The position will balance our prize offsets; federal and state taxes withheld and prepare daily entries in to record these transactions in the general ledger and prepare for review
• This position will assist with processes related to the Lottery Retailer Website, Retailer Chain Reports, the Airport Authority Adjustment and Reporting Process
• This position reviews and submits monthly annuity installment payments to be paid by ACH and Treasury warrant
• This position reconciles all debt checks performed in the Bridge application and matches all prizes paid daily to ensure the confidentiality of sensitive information is not being breached
• Additionally, this position is responsible for issuing prize payments out of ES & iLottery gaming systems and performs backup duties as assigned
• The advanced-level Financial Analyst serves as the recognized resource providing ongoing oversight, monitoring, analysis, and evaluation of the financial subset of the large complex gaming system reconciliations
• This position serves as the liaison and recognized resource for the maintenance of complex inventory and financial reporting generated by the Lottery retailer gaming system and web-based portal application, including oversight of Lottery chain accounts, Airport Authority program, and cashless program
• This position works closely with Sales division management to oversee financial aspects of the Lottery retailer sales and incentive related programs

What they're looking for:

• Possession of a bachelor's degree in any major with at least 12 semester (18 term) credits in one or acombination of the following: accounting, finance, or economics
• Financial Analyst 9 No specific type or amount is required
• Financial Analyst 10 One year of professional experience providing a systematic review, analysis, interpretation, and/or evaluation of budgets, mortgages, loans, or other financial data, equivalent to a Financial Analyst 9
• Financial Analyst P11 Two years of professional experience providing a systematic review, analysis, interpretation, and/or evaluation of budgets, mortgages, loans, or other financial data, equivalent to a Financial Analyst, including one year equivalent to a Financial Analyst 10
• College credits may be substituted on a proportional basis (one year of college education may substitute for one quarter of the required experience) for up to one half of the required experience

Benefits:

• Initial $1,250 Signing Bonus for new State of Michigan employees; current employees are ineligible.
• Additional $1,250 Retention Bonus upon completion of one year of satisfactory service, limited to new State of Michigan employees; the bonus must be paid back if the employee leaves the department before completing one year in the position.
• Potential 2-day remote option after successfully completing the probationary period.
• Health, mental health, dental, and vision insurance for eligible career employees, their spouses, and their children.
• Life-insurance benefit of two times employees’ annual salary, up to $200,000.
• Long-term-disability insurance that can provide continuing benefits if an injury or illness prevents employees from working.
• 401(k) and 457 retirement plans for new hires.
• The state will automatically contribute an amount equal to 4% of pay to a 401(k) account.
• The state will match up to 5% of pay if the employee contributes to a 401(k) account.
• Employee contributions vest immediately, and the state’s contributions fully vest after 4 years.