Accounting Officer Principal
About the role
This position is responsible for delivering timely and accurate financial statements in accordance with GAAP, as well as reports, analyses, and projections. Duties include approving payments, performing reconciliations, and providing various financial services to both internal and external customers, all while operating under the guidance of the Accounting Officer Coordinator and Chief Financial Officer. This role will ensure compliance with all state statutes and guidelines, coordinate the annual independent and legislative audit process, conduct internal audits of regional offices, and evaluate, coordinate, and communicate accounting and tax requirements for special games, incentives, and promotions. Additionally, this position assists in the preparation of financial statements, coordinates annual audits, and contributes to the development of the Annual Comprehensive Financial Report. The incumbent will also be responsible for overseeing the recording and review of financial transactions, coordinating month-end closures, and preparing financial reports.
Responsibilities
- Provide technical accounting support, including developing policies, maintaining accounting structures, and producing specialized reports and analyses.
- Prepare accurate GAAP-based financial statements and specialized reports and analyze major accounts and non-recurring entries.
- Assist the CFO with monthly financial reporting by monitoring budgets, analyzing variances, and recommending adjustments.
- Support annual audit processes by preparing required documentation, tracking progress, and assisting with audit responses.
- Complete special projects and provide financial support, including short-term analyses and assistance with cash needs, A/P disbursements, and ACH authorizations.
Minimum Qualifications
Three (3) years of accounting or financial experience. Experience must demonstrate:
- Knowledge of GAAP and governmental accounting principles, including fund accounting.
- Knowledge of auditing procedures and experience supporting audits.
- Ability to interpret statutes, policies, IRS tax laws, GASB pronouncements, and contracts.
- Ability to identify and investigate irregularities independently and recommend corrective actions.
- Familiarity with SWIFT or similar accounting system.
- Skills and abilities to analyze complex financial and statistical data.
A bachelor's degree in accounting or finance may substitute for one (1) year of experience. A master's degree in accounting or finance may substitute for eighteen (18) months of experience.
Preferred Qualifications
- Bachelor's degree or higher in Accounting, Finance, Business Administration, Public Administration, or a related field.
- Experience using financial management and ERP systems (e.g., JDE, GAVIA or similar).
- Experience leading cross-departmental teams or acting as a project lead for financial analysis initiatives.
- Knowledge of Lottery compliance requirements related to net proceeds, taxes, and compulsive gambling contributions.
- Experience developing clear written materials such as policies, procedures, financial narratives, and statutory analysis.
- Experiences working effectively with others from different backgrounds and cultures.
Additional Requirements
This position requires successful completion of a criminal background check and fingerprint check at the time of job offer. The Minnesota Lottery cannot hire any person who's been convicted of a felony or a crime involving fraud or misrepresentation within five years of employment or who's ever been convicted of a gambling-related offense. Employment Reference Checks (includes review of personnel file for current and former State of Minnesota employees) and SEMA4 Records Check (for current and former State of Minnesota employees) will also be performed.
Pay & Schedule
- Salary Range: $32.97 - $48.60 / hourly; $68,841 - $101,477 / annually
- Work Shift/Work Hours: Day Shift/8:00 a.m. - 4:30 p.m.
- Days of Work: Monday - Friday
- Telework Eligible: Yes (50% per telework policy)
- Location: Roseville
Benefits
- Paid vacation and sick leave
- 12 paid holidays each year
- Low-cost medical, dental, vision, and prescription drug plans
- Fertility care, including IVF
- Diabetes care
- Dental and orthodontic care for adults and children
- 6 weeks paid leave for parents of newborn or newly adopted children
- Pension plan that provides income when you retire (after working at least three years)
- Employer paid life insurance to provide support for your family in the event of death
- Short-term and long-term disability insurance that can provide income if you are unable to work due to illness or injury
- Tax-free expense accounts for health, dental, and dependent care
- Resources that provide support and promote physical, emotional, social, and financial well-being
- Training, classes, and professional development
- Tuition reimbursement
- Federal Public Service Loan Forgiveness Program (Some positions may qualify)
- Employee Assistance Program (EAP) for work/life support addressing mental health, relationship challenges, grief and loss, finances, legal issues, and daily living/convenience services such as chore services, home repair, trip planning, and child/elder care