OAL CONTROLLER

OAL CONTROLLER Date: Mar 26, 2025 Req ID: 48366 Location: Little Rock, AR, US, 72201 Category: DFA - OFC OF ARKANSAS LOTTERY Anticipated Starting Salary: $69,776 Position Number: 22161742 County: Pulaski Posting End Date: 4/4/2025 Anticipated Starting Salary: $69,776 OFFICE OF ARKANSAS LOTTERY Preferred Qualifications: A very good working knowledge of GAAP, GASB, FASB and GFOA principles and practices. Familiarity and understanding of Arkansas fiscal and budgetary requirements and regulations. At least 3 years of experience in supervising and developing subordinates. At least 5 years of work experience with AASIS, and Sage 50, Intuit, or other similar accounting software. Formal education of a bachelor's degree in accounting, or equivalent, plus five years of professional accounting experience producing agency/ governmental accounting statements. Must have an active license as a Certified Public Accountant. Position Specifics: Due to statutory reporting requirements, the OAL Controller position requires the presence and availability of the individual in this position to perform a monthly accounting close and create all required financial reports by the tenth day of each month. The mission of the Department of Finance and Administration is to provide Arkansas citizens convenient, effective, and courteous service which will encourage voluntary compliance with tax, license, and child support laws. Position InformationClass Code: A014NGrade: GS12FLSA Status: NON-EXEMPTSalary Range: $69,776.00 - $111,293.00SummaryThe Office of Arkansas Lottery (OAL) Controller is responsible for the accuracy of the OAL’s financial records used to prepare monthly and annual financial statements. The OAL Controller will maintain the accounting function to ensure compliance with Government Accounting Standards Board (GASB), generally accepted accounting principles (GAAP) and the Arkansas Scholarship Lottery Act requirements. Responsibilities include but are not limited to: analyzing accounting data and reports, for the preparation of monthly financial statements for delivery to the Governor of Arkansas, the Secretary of the Department of Finance and Administration, and the Co-Chairs of the Arkansas Legislative Council Lottery Oversight Sub-Committee (LOC). Also, the position will be responsible for supervision of Accounts Payable activities, recording of daily banking transactions and all gaming transactions. Also, will assist in the preparation of the Annual Comprehensive Financial Report (ACFR). This position exercises a high level of judgment and discretion, with limited direct supervision. The OAL Controller reports to the OAL Chief Fiscal Officer. The Accounts Payable Accountant will report to this position.FunctionsResponsible for completion of monthly closing of Sage50 General Ledger, with appropriate preparation and postings of all journal entries in Sage and AASIS, with supporting documentation. Prepares monthly financial statements in Sage50 and calculates Net Proceeds to be transferred to Arkansas Department of Higher Education Lottery Scholarship Trust Account. Monitors and analyzes monthly operating results compared to the previous year and to the budget. Analyzes, prepares and distributes various financial reports and statements for internal and external use. Reviews all lottery/gaming financial transactions and reconciles to banking transactions. Reviews daily prepared state and federal tax withholding for all gaming activity and assures deposits are made timely. Also reviews annual filing of IRS and State of Arkansas tax reports. Supervise and monitor Accounts Payable, weekly ACH payments to MUSL, and Arkansas Department of Higher Education wire transfers, and assures these, and other payments, are made in a timely manner. Ensures the accurate recording and documentation of all financial transactions and assures compliance with all applicable state and federal regulations. Manages the monthly reconciliation process; research errors when files are out of balance and ensures corrective action is taken to prevent a reoccurrence. Compile and maintain all significant accounting policies and procedures. Assists and serves as the primary accounting support for the OAL Chief Fiscal Officer and performs related duties as required. Performs MUSL accounting and reconciliation for multi-state online games; reconciles MUSL draws to OAL general ledgers; accounts for deferred online revenues and unclaimed prizes for online games; computes and journalizes all accrued prize expenses for all games. DimensionsKnowledge, Skills and AbilitiesQualified individuals must exhibit the ability to interpret and apply the accounting requirements of GASB as well as GAAP, familiarity with computer based accounting systems and above average communication and interpersonal skills. Must possess advanced knowledge and experience with Microsoft Excel and computer based accounting software such as Sage Accounting Software. Must be knowledgeable of GASB and GAAP in order to produce monthly and year end financial statements that are in compliance with GASB reporting requirements.Must be able to communicate effectively and supervise the work of others. Experience in preparing an Annual Comprehensive Financial Report is desired, but not required Minimum QualificationsBachelor’s Degree in Accounting/Finance (or equivalent degree) plus 3 or more years of accounting work experience including recording accounting journal entries, preparing bank reconciliations, reconciliation of general ledger accounts; including at least one (1) year of supervisory experienceLicensesMust be registered as a CPA with the Arkansas State Board of Public Accountancy.The State of Arkansas is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, age, disability, citizenship, national origin, genetic information, military or veteran status, or any other status or characteristic protected by law. ONLY COMPLETED APPLICATIONS WITH WORK HISTORY WILL BE ACCEPTED. Applications must include complete work history and references. A resume may accompany the state application but will not be substituted for any part of the application. False, misleading, or incomplete statements may result in disciplinary action and possible termination. Veteran Preference: A copy of a DD-214 must be submitted to the Hiring Official at the time of interview to be considered for Veteran Preference. This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9. For more information on E-Verify, or if you believe that your employer has violated its E-Verify responsibilities, please contact DHS at (888) 897-7781 or dhs.gov/e-verify. Nearest Major Market:Little Rock