Financial Analyst
Camelot Illinois has been awarded the contract as the new private manager of the Illinois Lottery. The company is restoring transparency, integrity and responsibility to the Illinois Lottery. In partnership with the state, Camelot will operate a modern lottery that truly benefits the people of Illinois. The company’s innovative approach places consumers and social responsibility at its core, providing funding for schools, capital projects and special causes. Camelot is committed to building an organization with the strength and experience to grow the lottery and reinforce its rightful position as a force for good.
Camelot Illinois is a subsidiary of Camelot Global, a leading technology and professional services provider to lotteries around the world. Camelot Global’s portfolio of work includes the Irish National Lottery, Loterie Romande (Switzerland), the California State Lottery, the Kentucky Lottery and the Arkansas Scholarship Lottery, among others.
Our sister company, Camelot UK, has operated the UK National Lottery since 1994. Camelot UK has an unrivaled track record for success, helping the UK National Lottery deliver over $80 billion to winners and $46 billion to good causes to date.
About the Team:
The Finance team will be a model of transparency and collaboration with strategic planning and forecasting at the core of all cross‐functional commercial decision making.
Position Overview:
Within Camelot Illinois, the Financial Analyst is responsible for reconciling all aspects of the new online platform being implemented for the State of Illinois. This position will also provide general accounting support to the Financial Controller.
Requirements
Responsibilities:
- Assist in designing and implementing relevant controls to implement a new online lottery platform for the State of Illinois.
- Reconcile the customer wallet liability balances between the general ledger and the online system.
- Reconcile daily customer deposits with the credit card processor.
- Reconcile the dedicated bank account between the GL and the bank and ensure all activity hitting the bank is properly accounted for.
- Calculate the weekly settlement with the State of Illinois and initiate the payment process using the bank’s web-based banking portal.
- Investigate and escalate any reconciling items identified
- Review fees assessed by credit card processor and bank to ensure adherence to relevant fee schedules.
- Prepare balance sheet reconciliations, investigating and resolving any reconciling items.
- Communicate regularly with Information Technology department when reconciling items warrant their involvement.
- Perform special projects at the direction of the Financial Controller
Qualifications Required:
- Up to 2 years of work experience in a Finance or Accounting role.
- Knowledge of basic accounting concepts and the ability to record journal entries.
- Proven experience of analyzing financial data.
- Ability to interact with employees and customers in a professional manner.
- Excellent communication skills, both written and verbal
Preferred:
- Bachelor’s Degree from an accredited University.
- Experience and knowledge of Netsuite preferred.
- Effective decision making, analytical and problem solving skills
Benefits
WHY WORK FOR US
Camelot Illinois is building a transformative lottery company with world‐class people, technology and operations. The Camelot values of being honest, creating together, keeping it simple and thinking long term are embedded in the design of our organization and our plans for Illinois.
Be Honest: We do what we say, we keep our promises and we don’t rest until we’ve earned each other’s respect
Create Together: The most effective solutions come from strong collaboration, a culture of innovation, shared goals and respect for everyone’s expertise.
Keep It Simple: We keep things simple, direct and transparent so customers in particular always know where they stand.
Think Long Term: We work with customers to build successful lotteries for the next generation, not just the next day.
Career Growth
We want people who thrive in a relaxed, autonomous, results‐driven environment to join our company. We believe the way to attract and retain the best talent is to offer a fulfilling career in an organization committed to growing its own future leaders. Career Development is a top priority and we will partner with employees to grow and progress their professional skill sets.
Benefits and Employee Policies
We will bring our experience of working with European lotteries to Illinois. We will also bring a European influence to paid time off, family leave and so on. We have created a strong ethical culture which is translated to each of our employees and business dealings globally. We aim to offer a package of benefits and policies which will compete with any private sector employer in the state. We ensure that every employee is engaged and has the necessary support to understand and implement the responsible gaming principles in their job.
Moreover, we pledge to have the highest standards of respect, diversity and inclusion at our company and will support and encourage our partners to do the same. Camelot Illinois is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.