Financial Controller — Job ID 202424

ventureLAB is a not-for-profit leading global founder community for hardware technology and enterprise software companies in Canada. Our organization is led by seasoned entrepreneurs and business leaders with decades of industry experience in building IP-rich start-ups, scale-ups, and global multinationals to help businesses scale. Located at the heart of Ontario’s innovation corridor in York Region, ventureLAB is part of one of the biggest and most diverse tech communities in Canada. Since 2011, ventureLAB has enabled over 4,000 tech ventures to create over 6,800 jobs and raise more than $420 million in investment capital through our initiatives focused on raising capital, talent retention, technology and IP commercialization, and customer acquisition. Together with our community of entrepreneurs, innovators, investors, and partners, we enable technology startups to accelerate the commercialization of transformational products on a global scale. ventureLAB is home to the Hardware Catalyst Initiative — Canada’s only lab and incubator for hardware and semiconductor-focused companies.Our MissionPowering hardtech founders to build and scale globally competitive ventures that advance Canada's knowledge-based economy.Our VisionBorn Global. Built to Scale. Inclusive by Design. Inspire a new generation of global founders who choose Canada to scale IP-rich tech titans creating innovative hardware and scale-ready enterprise software solutions that transform communities and establish a blueprint for a more sustainable, inclusive tech ecosystem.Our Values — Team RIVIRRelentless: We are tenacious and resilient. We follow through and remove roadblocks so together we succeed and go further.Inclusive: We are empathetic, open-minded and collaborate respectfully so that we build trust with each other and value diverse opinions, ideas and perspectives to learn and make better decisions.Visionary: We inspire bold futures with our founders, team, partners and community by challenging each other respectfully and thinking differently.Innovative: We celebrate ingenuity and empower the team to create new ideas, processes and strategies. We are curious and resourceful by asking questions for clarity.Results: We are proactive and plan. We are accountable and focused. We are direct and transparent through fact-based discussions.ventureLAB is made up of passionate, driven individuals, and is growing quickly. It is a fast-paced, flexible environment where individual contributors make a big difference and work collaboratively to achieve shared goals. We are proud to be one of Canada’s Most Admired Corporate Cultures and a Great Place to Work.Position ProfileReporting to the CEO, the Financial Controller provides the leadership, management and vision to ensure that ventureLAB has the proper financial controls, processes and other related systems to effectively and sustainably grow the organization, ensure long-term, sustainable financial strength and operational efficiency and leverage best practices to amplify the organization’s reputation for strong and strategic fiscal management.The Financial Controller is responsible for ensuring full compliance with the policies and procedures as it relates to all finance and initiatives at ventureLAB which includes oversight, governance and efficient administration of ventureLAB’s financial management system and its evolution to support the growth and strategic objectives of the organization.ResponsibilitiesFinancial Reporting: Prepare timely and accurate financial statements, management reports, and other financial documentation as required by senior management, the board of directors, and key stakeholders.Budgeting and Forecasting: Lead the annual budgeting process and quarterly forecasting, including the preparation and management of departmental and program-specific budgets. Provide insights and recommendations to optimize financial performance.Cash Flow Management: Monitor cash flow, manage liquidity, and ensure the organization has adequate funding for its operations and growth. Advise the President, CEO, and Board of Directors on cash flow, investment priorities, and funding matters.Internal Controls: Develop, implement, and maintain internal control policies and procedures to safeguard the organization’s assets and ensure the integrity of financial records.Compliance: Ensure compliance with all regulatory requirements, including tax filings, audits, and financial reporting standards. Maintain systems, processes, and compliance requirements to ensure accurate financial reporting for the Board and key funding stakeholders.Financial Analysis: Conduct financial analysis to support decision-making, including variance analysis, cost-benefit analysis, financial modeling, and scenario analysis for future fiscals.Team Leadership: Supervise and lead the finance team, providing guidance and professional development opportunities.Grant Reporting: Oversee the financial aspects of grant management, including budgeting, accurate cost record maintenance, reporting, and ensuring compliance with funder requirements. Oversee the management of governmental grants, ensuring accurate cost records and timely reporting.Systems Improvement: Continuously assess and improve financial systems, processes, and policies to increase efficiency and accuracy. Collaborate with the CEO and Leadership Team to develop and implement financial infrastructure systems designed to enable strategic growth objectives.Board and Committee Reporting: Prepare the Treasurer’s Report for the quarterly Finance & Audit Committee Meetings and Board Meetings. Provide regular financial updates through monthly and quarterly reports, maintaining a Rolling Forecast to year-end.QualificationsRecognized Canadian accounting designation (CPA) mandatory; a master’s degree in business administration, financial management or accounting is preferred.Minimum 7 years experience in a similar not-for-profit role with both external audit and in-house financial management experience gained in a high-growth organization.Experience with government grant reporting an asset.Stellar reputation for integrity and ethical conduct.Strong judgment and creative problem-solving skills including negotiation and conflict resolution skills.Strong team leadership skills and demonstrated initiative and responsiveness; ability to influence and engage direct and indirect reports and peers and work across cross-functional and diverse teams; demonstrated past experience of managing direct reports.Entrepreneurial team player who can multitask.Strong communication and presentation skills, both verbal and written.Passion for the ventureLAB Mission, Vision and Culture Values.Salary Range: $80,000 to $100,000 CAD per annumIn addition to salary, ventureLAB offers a comprehensive benefits package, learning and development opportunities and 4 weeks vacation.Hybrid Work ModelThis role will require a minimum of three (3) days on-site per week.How to ApplyApply to [email protected] quoting “Financial Controller - Job ID 202424” in the subject line by Friday, September 6th. Include your resume and a brief note telling us why you’d be a great addition to the ventureLAB team. Early submissions are encouraged as applications will be reviewed on a rolling basis.At ventureLAB, we value diversity, inclusion, and respect. Diverse experience, perspectives, and backgrounds bring great ideas and create stronger teams — we embrace it, because we know that by including everyone, we all thrive. Accommodations are available on request for candidates with disabilities taking part in the recruitment process.We thank all applicants for their interest, however, only qualified candidates will be contacted.Response to COVID-19Effective December 1, 2021, all newly hired employees will be required to provide proof of full vaccination (first and second dose) against COVID-19 of a vaccine currently approved by Health Canada or provide documentation to support an exemption based on grounds covered by the Ontario Human Rights Act (i.e. medical exemption). #J-18808-Ljbffr