JOB: Connecticut Lottery Lottery Financial Manager (Collections/Risk Assessment)
TITLE: Lottery Financial Manager (Collections/Risk Assessment)
LOCATION: Finance Department, Rocky Hill, Connecticut
SALARY: Commensurate with experience (minimum starting salary $87,966)
The CT Lottery Corporation is seeking a Lottery Financial Manager (Collections) to assist the Chief Financial Officer (CFO) in the management and supervision of staff and activities of the Finance Department. Responsibilities include: assists in the direction of all collections and reporting functions, monitoring internal control procedures, testing of related activities in the information systems environment and staff training and supervision, support other Financial Manager with general ledger and accounting functions within the Department. Responsibilities:
Monitors, assesses and maintains proper credit and collection policies, including management of surety bond program. Prepares recommendations on bonds and bond waivers under credit policy. Analyzes acceptable credit risk for retailers, ensuring compliance with the Fair Credit Reporting Act, including training. Provides oversight and monitors excessive sales for retailers, including final settlement of amounts owed.
Supervises the staff of the collections department. Oversees delinquent retailer account collections and deposits. Monitors retail agents’ compliance with collection policies. Oversees the settlement of retail accounts in connection with terminations, transfers or suspensions.
Provides required data for hearings held by regulatory agency. Provides analysis for allowances for bad debts and recommends accounts for charge-off. Maintains master delinquency listing of the Corporation. Advises CFO of potential problems and solutions. Liaison with security to provide referral data and information pertaining to questions about retailer integrity.
Directs insurance risk management including the application process for physical, commercial, personal liability, and cyber-related coverages.
Provides data analysis for game sales and prize expense, general ledger accounting functions, and establish and maintain department procedures relating to disaster recovery and business continuity.
Works with the Security and Compliance Manager as liaison to the Department of Consumer Protection.
Primary financial point of contact for delinquent retail agents. Qualifications: 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 accounting or auditing including at least four (4) years of supervisory experience. Strong supervisory skills and experience are highly desirable. An advanced degree and/or certification as a Certified Public Accountant (CPA) is encouraged and/or may be substituted for experience. Experience in collections of past due accounts is desirable. In addition, the successful candidate must have considerable knowledge of and ability to apply relevant state and federal laws, statutes and regulations; considerable knowledge of professional accounting and auditing principles and practices; knowledge of and ability to apply management principles and techniques; demonstrated analytical and problem-solving ability; 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; and the ability to utilize EDP systems for financial management.
Interested candidates must submit a CLC application, available at www.ctlottery.org, along with a cover letter and resume to:
Only those CLC applications received by Wednesday, September 4, 2019, close of business will be considered.
Offer of employment is subject to licensing and other applicable policies. The Connecticut Lottery Corporation is an equal opportunity/affirmative action employer and strongly encourages the applications of women, veterans, minorities and persons with disabilities.
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