JOB: IOWA LOTTERY - VICE PRESIDENT, FINANCE/CFO
IOWA LOTTERY AUTHORITY
VICE PRESIDENT, FINANCE/CFO
Salary Range: $100,318.40 - $157,331.20 Annually
Posting Close Date: Sunday, November 14, 2021
This is a non-merit position with the Iowa Lottery Authority. Candidates must follow the instructions
in the “To Apply” section.
Positions in this class are exempt from the screening and referral requirements of the Iowa
Department of Administrative Services – Human Resources Enterprise.
We are the IOWA Lottery
The Iowa Lottery was created in 1985 to provide entertainment and prizes to players while responsibly
raising billions of dollars for state programs that benefit all Iowans. Since inception, Iowa Lottery players
have won more than $4.3 billion in prizes while generating more than $2 billion in proceeds for state
programs. The record success of the Iowa Lottery is built upon a foundation of operational integrity,
innovative and entertaining products, a network of nearly 2,400 statewide retailer licensees, and a team
of Iowans who work every day to deliver on the Lottery’s promise to Iowa. The key to the Lottery’s
continued success is hiring talent that embraces the organization’s core values of integrity and
innovation while responsibly achieving revenue goals for the State of Iowa.
The Iowa Lottery is searching for a financial expert with strong analytical, strategic planning,
management and communication skills to join our senior management team as Lottery Vice President of
Finance and Chief Financial Officer.
Duties and Responsibilities:
The CFO reports to the Lottery’s Chief Executive Officer and will be responsible for the development of
the Lottery’s budget, analyzing and establishing a strategic plan in line with Lottery objectives,
monitoring cash flows, producing monthly and annual financial statements, and making all payments to
vendors, retailers and players.
Essential duties of the CFO include:
Providing strategic management of the accounting and finance functions of the Lottery
Overseeing day-to-day operations of the finance department
Directing accounting policies, procedures and internal controls
Preparing accurate financial statements for the CEO and Board of Directors
Ensuring compliance with applicable statutory, regulatory, policy and procedural guidelines, and
Generally Accepted Accounting Principles.
Recommending improvements to ensure the integrity of the Lottery’s financial information
Managing and overseeing the relationship with independent auditors
Collaborating with the Lottery’s senior management team
Overseeing financial systems implementations and upgrades
Hiring, training and retaining skilled accounting and finance staff
Maintaining the highest level of ethical and professional behavior
Minimum Qualifications Requirements:
Graduation from an accredited four-year college or university; and possession of a Certified Public
Accountant (CPA) certificate; and five years of full-time work experience in accounting, auditing, finance,
The selected candidate must pass a full background investigation (Class L-1).
Attn: Deb Bassett, Iowa Lottery Authority, 13001 University Ave, Clive IA 50325.
Your cover letter and resume must be received by 12:00 pm (noon) on Monday, November 15, 2021.
To view this job posting on the State of Iowa Jobs webpage, click here.
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