JOBS: Connecticut Lottery- Financial Manager (Sports Betting Division)

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TITLE: Financial Manager (Sports Betting Division)

LOCATION: Finance Department, Rocky Hill, Connecticut
Financial Manager (Sports Betting Division)
Finance Department, Rocky Hill, Connecticut
SALARY RANGE: $90,000 – $140,000
Located in Rocky Hill, the Connecticut Lottery Corporation (CLC) is a quasi-public agency of the
state of Connecticut. With a team of nearly 140 employees, 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 in the last year alone.
Position Summary
Under the direction of the Director of Legal and Business Affairs – Sports Betting (SB) Division, the
Financial Manager will manage all aspects of financial reporting for the sports betting operation,
while also integrating financial results and reporting through CLC’s Chief Financial Officer. The
position will be responsible for developing, applying, and monitoring the necessary internal controls
related to the online and retail operation of sports betting in coordination with the sports betting
operator and retail operators and their staff. The position will also oversee the work of SB Division
financial staff members, as well as their training and development, design and prepare the various
financial analysis and reporting necessary for the successful operation of the Division.
Duties and Responsibilities:
Oversees and/or performs the sports betting accounting function including: monthly reconciliations
of the records from various systems and processes including gross handle, recognition of income,
payments of prize liability, cash management and the various transactions affecting our bank
accounts; monthly bank reconciliations for all bank accounts; preparation of schedules of account
activity required to derive monthly journal entries, and the posting of entries to the general ledger;
banking and cash management responsibilities including the calculation of statutorily required
payments.
Supervises the work of the sports betting finance staff. Manages and participates in the assembly and
analysis of financial data and results, including locating source data, creating and designing reports,
and making relevant recommendations. Trains and develops staff members and monitors their work
performance, including writing annual performance reviews.
Assists Director of Legal and Business Affairs – SB Division in budgeting and financial reporting
functions: coordinates the development of annual budget and production of periodic budget vs. actual
variance reports; production of periodic statements provided to CLC and Sports Betting management
and corporate Board of Directors.

Oversees the accounts payable function for all contract and vendor payments, large value payments
to winners, and retailer and affiliate payments.
Oversees and/or performs the review and audit of retailer activity per location, including teller and
kiosk activity, cash flow, and transaction types.
Establishes and maintains accounting procedures in consultation with the CFO; recommends the
development of new policies and procedures to ensure conformity with Generally Accepted
Accounting Principles (GAAP).
Works with other operating units, vendors, state agencies and tax authorities regarding, policies,
procedures and regulations.
As assigned by the CFO, acts as liaison with financial statement auditors, auditors of public accounts
and Department of Consumer Protection auditors.
Knowledge, Skills and Experience
Qualified candidates must possess a Bachelor’s degree in accounting, finance or related field with a
minimum of five (5) years of professional experience in managing accounting or auditing functions
and staff. An advanced degree and/or certification as a Certified Public Accountant (CPA) is
encouraged and/or may be substituted for experience.
In addition the successful candidate must possess: knowledge of and ability to apply management
principles and techniques; demonstrated analytical and problem-solving ability; considerable
knowledge of professional accounting and auditing principles and practices; considerable knowledge
of budgeting principles; excellent written and oral communication skills; strong interpersonal skills;
proven attention-to-detail and strong organizational skills; proven computer proficiency in Microsoft
Word and Excel; ability to utilize EDP systems for financial management; experience in other
software applications, including general ledger packages, desirable.
Interested candidates must submit a CLC application, available at www.ctlottery.org, along with a
cover letter and resume to:
Connecticut Lottery Corporation
ATTN: Human Resources
777 Brook Street, Rocky Hill, CT 06067
Fax to (860) 713-2670; or e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it.
Only those CLC applications received by Tuesday, August 17, 2021, close of business will be
considered.
Offer of employment is subject to licensing and other applicable policies.
The Connecticut Lottery Corporation (CLC) is an Affirmative Action/Equal Opportunity Employer that does
not tolerate unlawful discrimination or harassment. The CLC follows all applicable federal, state, and local
laws regarding non-discriminatory hiring and employment practices.