Financial Investigator,MGC

Commonwealth of Massachusetts - Boston, MA3.9

Full-time$60,000 - $95,000 a year
The Massachusetts Gaming Commission is seeking to hire a Financial Investigator to work within the Investigations and Enforcement Bureau (“IEB”). The Financial Investigator is responsible for working alongside Massachusetts State Police investigators in the IEB to perform background reviews of vendors and casino employees for licensing purposes. Financial investigative work includes, but is not limited to review, validation, and analysis of information to determine a vendor/individual's integrity, honesty, good character and reputation; financial stability, integrity and background; and business practices.

The Financial Investigator works in a team environment under the guidance of the Financial Investigations Supervisor who evaluates the Financial Investigator’s work through review of work papers and reports. As needed, the Financial Investigator assists the Bureau in evaluating and monitoring certain business transactions planned or conducted by casino operators for compliance with gaming laws, as well as for financial stability and integrity.

Duties and responsibilities include, but are not limited to, the following:
Conducts in-depth financial and background investigations of casino employees and vendors to casinos seeking approval for licensure
Conducts financial monitoring of casino operations for ongoing suitability analysis and re-licensure
Examines, analyzes, and evaluates personal financial records (e.g., account statements, brokerage statements, tax returns, real estate documents, loan agreements, bank records, etc.) to determine source and adequacy of funds
  • Examines, analyzes, and evaluates a wide variety of business financial documents, including, but not limited to, financial statements and the accompanying notes; financial ratios of applicants to evaluate various aspects of operating and financial performance; documents that describe the organizational structures of entities and subsidiaries; filings submitted to regulatory agencies such as the Security and Exchange Commission (SEC); complex debt-related documents; ledgers and related operational records; documents that establish the operating requirements of various business entities (partnerships, limited liability corporations, “S” corporations, “C” corporations, private companies, trusts, etc.); and various financial contracts, such as loan agreements, trust documents, partnership agreements, capital/operating leases, etc.
  • Reviews tax filings, either domestic or international filings, personal or business
Reviews financial information and/or reports from other gaming jurisdictions
Contacts appropriate internal and external sources to confirm accuracy of financial data presented by applicants
Prepares standard and non-standard correspondence, documents all work performed, and maintains files containing work papers and supporting documentation
Prepares clear and comprehensive financial investigation reports
Collaborates with team members comprised of State Police and other Financial Investigators to conduct interviews and background investigations
Travels as necessary to conduct financial investigations
Maintain accurate time-utilization reports and time sheets


Skills and Qualifications:
Knowledge of public entity filings, forms and regulations, AICPA Standards, Generally Accepted Accounting Principles, and accounting concepts/methods
Ability to analyze and interpret accounting data and financial reports
Ability to perform research on specific issues that may arise
Understanding of basic tax matters
Ability to develop a comprehensive understanding of the laws and regulations relating to the Massachusetts Gaming Commission and the ability to apply that knowledge to financial investigations
Self-motivated, organized, and detailed-oriented, with a demonstrated ability to handle multiple assignments with varying priorities, working independently or in a team environment
Flexibility in an evolving environment
Ability to interpret and communicate quantitative/qualitative results, express ideas clearly and concisely, both orally and in writing
Ability to establish and maintain effective working relationships with co-workers, licensed gaming establishments, and government officials
Ability to contribute actively to a work environment that embraces diversity, integrity, cooperation, acceptance, and mutual regard.

Minimum Experience, Education, and Training:
Bachelor’s degree or higher in Accounting or Finance from an accredited college or university
Experience in progressively responsible regulatory, accounting, tax, and/or audit work with exposure to a wide variety of situations
Experience in performing financial analysis
Proficiency in Microsoft Word, Excel, PowerPoint and internet searches.

A professional certification (i.e., CPA, CIA, CFA, CFE, CMA) indicating competence in the fields of accounting, auditing, tax, banking, or business valuations, etc.
Experience in a regulatory or similar type of agency
Experience in U.S. GAAP financial reporting, SEC filings (i.e. Forms 3/4/5, proxy statements, 13D/G, 8K, SD, etc.), earnings releases, and any other required external financial reporting
Working familiarity with applicable laws, regulations and interpretations governing financial statements and disclosure, including the Investment Company Act of 1940, the Internal Revenue Code, U.S. GAAP, and Regulation S-X
Knowledge and understanding of International Financial Reporting Standards (IFRS)
Experience in conducting interviews effectively.

Salary is commensurate with experience.

The successful candidate will be required to pass an extensive background check that includes a full credit check, CORI, drug screen, and finger printing.

The Massachusetts Gaming Commission is responsible for the implementation of the expanded gaming law (Chapter 194 of the Acts of 2011). Under the law, the Commission is tasked with establishing a regulatory framework for the solicitation, licensing, taxation, and oversight of a maximum of three casino licenses and one slots parlor license in Massachusetts.

It is the policy of the Massachusetts Gaming Commission and the Commonwealth of Massachusetts to afford equal employment opportunities to all qualified individuals, without regard to their race, color, ancestry, religion, sex, sexual orientation, national origin, age, physical or mental disability, citizenship status, veteran status, gender identity or expression, or any other characteristic or status that is protected by federal, state, or local law.