Senior Financial Analyst

Title: Senior Financial Analyst

State Role Title: 

Hiring Range: $98,561 - $128,465

Pay Band: UG

Agency: Virginia Lottery

Location: Virginia Lottery

Agency Website: www.valottery.com

Recruitment Type: Agency Employee Only - A

Job Duties

For more than 34 years, the Virginia Lottery has been building an amazing organization committed to growth and giving back - and having fun while doing it. Operating entirely on revenue from game sales, rather than tax dollars, the Virginia Lottery generates more than $2.0 million per day for Virginia's K-12 public schools. The Virginia Lottery also licenses and regulates casino gaming and mobile sports betting.

The Virginia Lottery, an independent state agency, is currently seeking a Senior Financial Analyst for its Gaming and Compliance Department.

The Senior Financial Analyst will: This position will be responsible for financial planning, analysis, and financial integrity within Gaming Compliance. Will prepare complex reports based on expense monitoring and revenue forecasting within the entire Gaming fund. Submits completed reports to the Accountant Manager with recommendations on financial trends and forecasting. Will assist financial investigators with reviews of the financial statements and related information submitted for Sports Betting and Casino applicants, entities, key managers, and principals. Submit completed written reviews to the Accountant Manager with a recommendation as to whether an applicant is financially viable. • Analyze financial data and trends to provide insight that assist in decision-making processes. • Develop financial models to project revenues, costs, and profitability for gaming, supporting strategic planning and decision making. • Ensure all financial records meet standards for gaming activities while identifying potential risks and recommend mitigation strategies. • Track financial performance against forecasts and recommend adjustments to ensure alignment with organizational goals. • Thoroughly examine, analyze, and investigate financial statements, accounting records, bank statements, computer records, business records, public documents, and other relevant records. • Evaluates underlying investigative, financial, and analysis theories to make determinations regarding the financial suitability of gaming applicants. • Identify and calculate relevant financial ratios to assure applicant financial integrity and suitability. • Identify, evaluate, and present for management consideration current accounting, economic and financial analysis methods, and techniques for use during license application reviews Safeguards applicant confidentiality related to handling, storage, and usage of confidential records. • Organizes and prioritizes assigned work to meet specified due dates. • Prepare and present financial findings to management, highlighting key variables and variances. This may involve variance analysis, trend identification, and forecasting. • Partner with Lottery Finance and Gaming Compliance to align financial strategies and reporting. • Prepare well-written narratives containing substantive information that will become the basis for recommendations to the Board. Prepare documents and accumulate evidence to support investigative findings and written recommendations. • Utilize available resources necessary to conduct timely investigations and analyses.

Minimum Qualifications

• A bachelor’s degree in finance, accounting, or related field is required. Minimum five years of experience in financial accounting, financial analysis, and forecasting. • Extensive knowledge of financial statement preparation, analysis, and review. • Extensive knowledge of gaming laws and regulations of the Commonwealth and their application. • Excellent analytical decision-making, and critical thinking skills. • Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. • Understanding of theory and application of financial ratios. • Attention to accuracy and detail. • Advanced financial investigative principles and techniques. • Ability to multi-task while conducting complex financial investigations and working collaboratively with internal Virginia Lottery staff and individuals from external entities. • Demonstrated ability to research, generate, analyze, and summarize data. • Proficient in desktop applications (such as but not limited to, Microsoft Word, Excel, Teams, and Outlook) as part of daily job responsibilities. • Excellent communication (oral and written) skills. • Demonstrated ability to work independently and as a team. • Ability to maintain strict confidentiality of sensitive material. • Knowledge of the principles, practices, and procedures of business and public administration. • Ability to present recommendations clearly and concisely. • Ability to exercise judgment and discretion in applying gaming laws and regulations. • Ability to communicate effectively with co-workers, staff of other agencies, and the public. • Work is generally independent and collaborative in nature. • May assume a team lead role for the work group

Additional Considerations

Additional experience in investigative or regulatory work or experience in the gaming industry.

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

The selected candidate will be required to complete a background investigation and possess a valid Driver's License. Minimal travel will be required. This position is hybrid telework eligible.

The Virginia Lottery is an independent state agency, and as such all positions are exempt from the Virginia Personnel Act, as well as most Executive Branch human resources policies. The Virginia Lottery is a fun place to work and values diversity in the workforce. We offer a competitive salary and excellent benefits. The Virginia Lottery is an Equal Opportunity Employer. Only online applications completed in their entirety will be accepted for this position. The Virginia Lottery will provide, if requested, reasonable accommodation to applicants in need of accommodation in order to provide access to the application and/or interview process. If any assistance is needed when applying online, please contact the Virginia Lottery’s Human Resources Department at (804) 692-7000. Applications will be accepted until a suitable pool of candidates is received. After 5 business days, this position may be closed at any time.

Contact Information

Name: Lynn Slockbower

Phone: 18049216300

Email: lslockbower@valottery.com

 

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.