GAAP COORDINATOR

Position Overview

The Illinois Lottery is seeking to hire a GAAP Coordinator. This position in the Finance Division directs and oversees financial reporting, and general accounting, as well as the annual GAAP reporting process required by the Illinois Office of the Comptroller. The successful candidate will have extensive knowledge of GAAP financial reporting, and experience working with internal and external auditors. If you have a high level of oral and written communication skills, analytical skills, the ability to multi-task and are looking for a challenge, the Illinois Lottery encourages you to apply for this position.

Essential Functions

• As the GAAP Coordinator, directs, supervises, and reviews the preparation of monthly reconciliations and journal entries from sales journals and other support files to post into the General Ledger in preparation of monthly, quarterly, and annual financial statements.
• Monitors and ensures the completion and timely submission of Comptroller SCO forms and quarterly reporting.
• Serves as full line supervisor.
• Develops and implements changes in GAAP reporting requirements and internal and external audit finding recommendations relative to financial reporting.
• Based on current and past sales history, on a regularly scheduled basis, determines the grand prize for Lotto, Powerball and Mega Millions games drawings.
• Assists the Finance Manager in the compliance of the Private Management.
• Assists in developing and implementing accounting policy, systems and procedures as required by the introduction of new Lottery products and prize structures and as required by changes in systems and/or statutes.  
• Serves as a liaison with outside agencies, Office of the Auditor General, Fiscal and Economic Commission and Attorney General’s Office in the placement of accounts, expenditures, and litigation.
• Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

• Requires bachelor's degree in accounting, business or economics including 30 hours of progressive accounting coursework.
• Requires five (5) years of experience conducting audits in accordance with Government Auditing Standards and/or preparing financial statements in accordance with Generally Accepted Accounting Principles.

Preferred Qualifications

• Prefers applicant to be registered or licensed as a Certified Public Accountant (CPA).
• Prefers four (4) years of experience utilizing generally accepted accounting principles as well as laws, rules and regulations relating to state and non-state accounting systems and procedures.
• Prefers four (4) years of experience maintaining and/or auditing accounting records and preparing and analyzing financial statements.
• Prefers two (2) years of experience supervising professional staff.
• Prefers four (4) years of experience developing, implementing, and interpreting departmental policies and procedures.
• Prefers four (4) years of experience analyzing administrative programs and developing and implementing an effective course of action.
• Prefers four (4) years of experience utilizing statistics and economics as they relate to department financial operations.
• Prefers four (4) years of experience interacting with and communicating in oral and written form with internal and external stakeholders.
• Prefers two (2) years of experience with Statewide Accounting Management Systems (SAMS) and ERP accounting system.
• Prefers experience utilizing Microsoft Office products and accounting system software at an intermediate level.

Conditions of Employment

• Requires the completion of a background check and self-disclosure of criminal history.
• Overtime is a condition of employment, and you may be requested or required/mandated to work overtime including scheduled, unscheduled, or last-minute overtime. This may require the ability to work evenings and weekends.
• Requires ability to attend seminars, conferences, and trainings to stay current on methods, tools, ideologies, or other industry related topics relevant to the job duties.
• Requires the ability to utilize agency supplied equipment (i.e., laptop, cell phone, etc.).
• Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position. As a result, the employee should be aware that if offered non-State employment during state employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (OEIG) or may be subject to a fine.
• The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.

About the Agency

The Illinois Lottery operates and administers the Lottery with integrity, security, transparency, honesty and fairness.  Through the sales of its products, online and in-person at nearly 7,000 retailers throughout the state, the Illinois Lottery has contributed over $25 billion to support K-12 public schools.  Additionally, hundreds of millions of dollars have also been contributed to capital projects and specialty causes like Illinois veterans services, the fight against breast cancer, Multiple Sclerosis and Alzheimer’s research, Special Olympics, police memorials, homeless services, UNCF educational scholarships, Illinois DREAM Fund Commission scholarships, and assistance for people living with HIV/AIDS.

In addition to the monetary support it provides the State, the Illinois Lottery champions the people of Illinois, strengthening communities through engagement with the public, players and retailers and providing safe, fun and responsible games to adults 18 and over.

The Illinois Lottery values diversity, equity and inclusion and continuously strives to create the best workplace for Lottery employees.  By utilizing the latest technology, recognizing and adapting to market and industry changes, the Illinois Lottery maximizes the value of its data through the use of predictive analytics and leverages its experience to meet the needs of the people of Illinois.  The Illinois Lottery believes that Illinois is full of winners because everyone benefits from its efforts.