Financial Analyst 9-P11 - Trainee - Lottery Retailer Collections Analyst

$54,766 - $81,806/Yr

State of Michigan - Lansing, MI

Full-time - Entry Level

Remote - Lansing, MI

Justice, Public Order, and Safety Activities

About the position

The Financial Analyst 9-P11 - Trainee - Lottery Retailer Collections Analyst position at the Michigan Lottery involves providing professional financial analysis to assess the creditworthiness of lottery retailers. The role includes reviewing financial data, performing statistical analysis, and serving as a financial resource for various departments within the Michigan Lottery. The analyst will also be responsible for the collection of lottery retailer receivables and maintaining related files, while supporting retailers in inventory management and weekly settlements.

Responsibilities

• Review and analyze retailer financial data including bank transactions and lottery-related transactions.
• Perform statistical analysis and risk modeling to assess creditworthiness of license applicants.
• Provide financial expertise to Retailer Services, Security, and Internal Legal Counsel.
• Collect all lottery retailer receivables and outstanding debts.
• Maintain collection and Treasury referral files, and monitor bonds.
• Support retailers with weekly settlements and inventory management.

Requirements

• Possession of a bachelor's degree in any major with at least 12 semester credits in accounting, finance, or economics.
• For Financial Analyst 10: One year of professional experience in financial analysis.
• For Financial Analyst P11: Two years of professional experience in financial analysis, including one year equivalent to Financial Analyst 10.

Nice-to-haves

• Experience in customer service.
• Experience using spreadsheet and database applications.
• Experience evaluating credit risk and establishing credit limits.

Benefits

• Health, mental health, dental, and vision insurance for employees and their families.
• Life insurance benefit of two times annual salary (up to $200,000).
• Long-term disability insurance.
• 401(k) and 457 retirement plans with state contributions and matching.
• Vacation and sick leave ranging from 15 to 35 personal days and 13 sick days per year.
• Paid parental leave of 12 weeks after birth or adoption.
• Paid holidays including New Year's, Memorial Day, Thanksgiving, and more.
• Annual longevity bonuses for employees with five years of service.
• Flexible spending accounts and health savings accounts.
• Tuition reduction programs for employees and family members.
• Professional development reimbursement up to $2,000 per year.