Accountant Advanced

State of Maryland•Baltimore City, MD

19h•Onsite

About The Position

The Maryland Lottery and Gaming Control Agency (MLGCA) serves as one of the largest revenue sources for the State of Maryland, supporting important state programs and services including education, public health and safety, human resources and the environment. In addition to generating revenue from the sale of lottery products, the MLGCA is also responsible for the oversight of the state’s casino gaming program, providing direction and guidance to its casino partners on financial, security, regulatory and licensing procedures for the facilities. The Agency also regulates Sports Wagering, Daily Fantasy Sports and Electronic Bingo, as well as Instant Ticket Lottery Machines, which are located at almost 90 Veteran’s posts. Gaming in Maryland is a dynamic and growing business that operates around the clock, 365 days of the year. The main purpose of this position is to provide accounting and financial assistance over the day-to-day accounting operations of the Maryland State Lottery. This position is responsible for assisting in the planning of the accounting activities including recording and verifying accuracy of general ledger journal entries, ensuring the timeliness and accuracy of tax payment, and preparing various reconciliations.

Requirements

A Bachelor's degree in Accounting from an accredited college or university, including or supplemented by three credit hours in auditing.
Three years of experience examining, analyzing and interpreting accounting systems, records and reports by applying generally accepted accounting principles.
Candidates may substitute a Bachelor’s degree from an accredited college or university with thirty credit hours in Accounting and related courses, including or supplemented by three credit hours in auditing for the required education.
Applicants who have met the requirements for admission to the CPA examination prior to July 1, 1974 will be considered to have met the educational requirement referenced above.
Possession of a certificate as a Certified Public Accountant or a master's degree in accounting from an accredited college or university may be substituted for one year of the required experience.
Applicants may substitute one year of professional auditing experience for one year of the required experience.
Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the Accounting field of work on a year-for-year basis for the required experience and education.

Nice To Haves

Two years of experience utilizing accounting software to prepare, analyze and interpret accounting records.
Experience identifying and correcting non-conforming entries made to internal accounting systems.
Skill in managing work time efficiently and effectively under deadlines.

Responsibilities

Preparation of the online and instant sales, commission expense, cashing fee, prizes paid and accounts receivable entries.
Preparation of the daily online and instant prize expense, prize liability and unclaimed prize fund entry.
Preparation of the instant return tickets entry on a game by game basis.
Preparation of the negative balance entry.
Preparation of the working fund timing difference entry which allows for the proper cut-off of monthly transactions.
Preparation of the cash disbursement and receipt transactions involving the State Treasurer’s accounts (i.e. Cash 45 and Cash 01).