GAAP Accountant
GAAP Accountant
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$ 6000 - 7500
1 Vacancy
Job Description
Job Requisition ID:49220
Closing Date: 08/28/2025
Agency:Illinois Racing Board
Class Title:GAAP ACCOUNTANT - 73500
Skill Option:None
Bilingual Option:None
Salary: Anticipated Starting Salary $6000- $7500 monthly
Job Type: Salaried
Category:Full Time
County: Cook
Number of Vacancies: 1
Bargaining Unit Code:None
Merit Comp Code:Excluded - Subject to Paragraph (1) (2) (3) or (6) of Section 4d of the Personnel Code
****************A RESUME IS REQUIRED FOR THIS JOB POSTING****************
Please attach a DETAILED Resume/Curriculum Vitae (CV) to the MY DOCUMENTS section of your application. You WILL NOT be considered for the position if you attach a CMS100 CMS100b or any other document that is not a Resume or CV.
Position Overview:
The Illinois Racing Board is seeking an energetic and detail-oriented GAAP Accountant to prepare various financial reports and reconcile Comptroller records; review process and resolve issues with AP and AR transactions submitted by staff; work with internal and external auditors; process agency payroll and assist the finance department with preparation of the end of year GAAP packages. The ideal candidate possesses strong analytical skills is organized detail oriented and has strong communication skills. We welcome all qualified applicants interested in playing an integral role ensuring the integrity of racing for the betting public to submit an application.
Illinois Racing Board offers a robust benefit package including:
- Monday-Friday schedule
- Health life vision and dental insurance
- Paid Parental leave
- Pension Plan
- Deferred Compensation and other pre-tax benefit programs
- Employees earn (12) paid sick days annually
- (10-25) paid vacation days (based on years of service)
- Employees earn (3) paid personal days (pro-rated based on start date)
- (13-14) paid state holidays annually
Work hours and schedule will be mutually agreed upon by supervisor during the onboarding process.
Why Work for Illinois
Working with the State of Illinois is a testament to the values of compassion equity and dedication that define our state. Whether youre helping to improve schools protect our natural resources or support families in need youre part of something biggersomething that touches the lives of every person who calls Illinois home.
No matter what state career youre looking for we offer jobs that fit your life and your scheduleflexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.
Essential Functions
- Prepare final package for submission to Comptroller on all internal financial statements internal reports supporting schedules and other reports. Reconcile various internal reports statements and documents State Accounting Management System (SAMS) records and reports to the Comptrollers office and auditors.
- Respond to inquiries from management auditors user agencies and vendors regarding financial reporting and general accounting.
- Prepare and process agency invoice vouchers requisitions purchase orders and obligations.
- Investigate inquiries concerning payment of bills from either within the agency or outside by researching files and/
or records determining cause of inquiry and provide a detailed response and resolution as appropriate. - Reconcile agency fiscal records with the Treasurers records upon receipt of the Treasurers draft; verify and authorize Receipts Deposit Transmittals (C-64) to release the Treasurers draft to the Office of the Comptroller. Research original documents supporting files and subsidiary accounts to trace reasons for cash receipts discrepancies.
- Implement all procedures to comply with the Accounts Receivable Collection Act including quarterly reporting of delinquent accounts by days past due.
- Send correspondence prepare reports and gather information as requested by GOMB ACFR team.
- Review timekeeping and payroll reports to ensure proper documentation and accurate payment to employees.
- Assist GAAP Coordinator and CFO with GAAP packages and preparation of reports for GAAP Packages.
Perform other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
Minimum Qualifications
- Bachelors degree in accounting or a bachelors degree in a related field with a minimum of 18 hours of college credit in accounting; or four or more years of experience assisting with financial audits financial statement preparation performing accounts receivable or accounts payable duties creating adjusting journal entries and creating reports using spreadsheet and word processing software.
- Thorough understanding of accounting and auditing theory principles methods and procedures.
- Minimum three years experience using Microsoft Office or equivalent word and spreadsheet processing software.
- Minimum three years of experience working in accounting specific software application(s).
Preferred Qualifications
- Minimum of one (1) year of experience assisting with financial audits.
- Minimum of one (1) year of experience assisting with financial statement preparation.
- Minimum of one (1) year of experience performing accounts payable or accounts receivable duties.
- Minimum of one (1) year creating adjusting journal entries.
- Minimum of one (1) year creating reports using spreadsheet and word processing software.
Conditions of Employment
All applicants must be able to meet the following Conditions of Employment to be considered for this position. The State of Illinois complies with federal and state disability laws and will make reasonable accommodations for applicants and employees with disabilities.
- Ability to travel to all locations under jurisdiction of Illinois Racing Board
- Employee and members of household must not hold an IRB license or have an economic interest in a license holder.
The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.
About the Agency
The Illinois Racing Board (IRB) was created in 1933 and its legal mandate is defined in the Illinois Horse Racing Act of 1975. The jurisdiction supervision powers and duties of the Illinois Racing Board shall extend under the Act to every person who holds or conducts any race meeting within the State of Illinois where horse racing is permitted for any stake purse or reward. The mission of the Illinois Racing Board is to regulate horse racing through the enforcement of the Act and its rules and regulations and to ensure the honesty and integrity of Illinois racing and wagering.
Work Hours:Monday - Friday 8:30am - 5:00pm
Work Location:555 W Monroe St Chicago Illinois 60661
Agency Contact: Jackie Clisham
Email:
Phone #:
Posting Group: Fiscal Finance & Procurement
The main form of communication will be through email. Please check your junk mail spam or other folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:
Employment Type
Full Time
