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OAL Fiscal Specialist
The Office of Arkansas Lottery (OAL) Fiscal Specialist is responsible for overseeing and managing the financial aspects of retail accounts involved in the sale of Arkansas Lottery products. This position involves reviewing financial records, ensuring the proper handling of financial transactions, assisting in the management of retailer accounts, and ensuring compliance with all state financial regulations. The ideal candidate will be detail-oriented, possess strong analytical skills, and have a solid understanding of financial reporting and auditing procedures in a regulated environment.
Class Code:
LLO15P
Job Grade:
SGS04
Special Job Requirements:
Typical Functions:
Monitor the financial performance of lottery retailers, ensuring accurate and timely reporting of lottery sales and payments. Assist in managing retailer accounts by reviewing financial reports and identifying discrepancies or irregularities. Ensure compliance with Arkansas Lottery’s financial policies and state regulations by overseeing retailer adherence to financial guidelines. Review and verify financial reports submitted by retailers to ensure they are accurate, complete, and in compliance with the Arkansas Lottery’s standards. Monitor retailers’ adherence to financial compliance regulations, conducting regular checks to ensure that payments and accounting practices are aligned with state laws. Assist in the audit process by preparing necessary documentation and participating in both internal and external audits related to retailer financial activities. Serve as a resource for retailers regarding financial questions or concerns, ensuring they understand their financial responsibilities and obligations. Act as the primary point of contact for financial inquiries from retailers, providing timely and accurate responses to financial concerns. Assist retailers obtain financial information as needed to resolve or avoid potential account disputes. Assist with the reconciliation of bank accounts. Perform daily deposits of checks received into the primary bank account. Investigate and respond to positive pay exceptions from the bank. Resolve financial discrepancies, address retailer complaints or issues, and coordinate with other OAL departments as necessary to find solutions.
Knowledge, Abilities, and Skills:
Strong ability to analyze financial data, identify trends, and prepare reports related to retailer financial performance. Ability to maintain high levels of accuracy while reviewing financial records, reports, and accounts. Strong analytical and critical thinking skills to resolve financial discrepancies and implement solutions effectively. Excellent verbal and written communication skills to interact with retailers, internal teams, and management, ensuring clarity in financial matters. Ability to provide exceptional service to retail partners, addressing financial inquiries and resolving issues efficiently. Ability to handle sensitive financial data with discretion and maintain confidentiality in all aspects of the role.
Minimum Qualifications:
A high school diploma or equivalent is required, plus two (2) years of experience in financial management, accounting, or a related field. Must be able to successfully complete the online Criminal Justice Information System fingerprint training and certification within the first month of employment. Satisfaction of the minimum qualifications, including years of experience and service, does not entitle employees to automatic progression within the job series. Promotion to the next classification level is at the discretion of the department and the Office of Personnel Management, taking into consideration the employee’s demonstrated skills, competencies, performance, workload responsibilities, and organizational needs.
Required Certificates:
N/A OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Exempt:
N