Are you ready to make a move?
Come work for a company who puts the financial well-being of its members first. It’s not just something we say at Conexus. It’s a promise delivered by our 900 employees each day. We are passionate about our members’ financial health, and our employees reflect that passion. At Conexus it’s about more than conducting a banking transaction, it’s about providing members with insightful content, tools, advice and products that help them look at their financial choices in new ways. We do this by keeping it simple and lending an ear to each member’s individual needs throughout Saskatchewan.
Our employees are authentic, bold, creative, and responsible. They are the reason we consistently deliver outstanding member experiences. They’re more than just individuals who come to work each day, each employee is a vital part of Conexus.
We acknowledge that our Conexus offices and facilities are located on Treaty 2, 4, 5, 6, 8 and 10 lands. These are the traditional lands of the Cree, Dakota, Dene, Lakota, Nakota and Saulteaux peoples, as well as the homeland of the Métis.
The bigger picture
We’re looking for an innovative and motivated person to come on board as a Manager, Venture Capital Finance & Operations for a 18-month term. You will work with a rock-star team that has experience operating high-growth VC backed businesses, top-tier professional services, and deep experience across the investing spectrum. You will learn through mentorship and osmosis as you participate in all aspects of the fund lifecycle.
We all work across two funds for now (we will be raising more funds soon):
CVC Fund #1
One of the first Saskatchewan based VC funds – we are almost fully deployed and are in “build and grow” mode with our portfolio.
The portfolio includes industry leaders / innovators:
- Coconut Software
- 7Shifts
- Callia Flowers
- Cubbi Technologies
- River City Innovations
- Prairie Robotics
- Showbie
- 54e Dev Studios
- SalonScale
- Service Box
- Taiv
- SafetyEvolution Software
- Curbie Cars
Emmertech Fund #1
Pan-Canadian ag-tech fund built up by the industry – we have a special focus where “technology and the farm intersect”. This is a unique fund that targets one of Canada’s fastest growing and most exciting sectors. We are just getting started with this fund and will have opportunities from origination, to deal execution, to portfolio management.
The portfolio includes industry leaders / innovators:
- Lucent Biosciences
- Ukko Agro
- Vive Crop Protection
- Intelliculture
- SwarmFarm Robotics
- Techbrew Robotics
- ChrysaLabs
- Ground Truth Ag
- BarrelWise
How you’ll be spending your time
The Manager, Venture Capital Finance & Operations will be responsible for leading and executing on the following critical functions.
Portfolio Valuations & Support
- Collect, compile, and analyze information from portfolio companies for key stakeholders, including performance commentary, quarterly investor letter, Annual Meeting content and deal announcements.
- Lead quarterly net asset valuation process to determine fair-market value of each underlying investment.
- Lead creation of quarterly financial statements.
Fund Operations
- Lead Fund operations including working with both external and internal partners with respect to delivering:
- Reporting obligations to both internal and external stakeholders.
- Certainty of compliance to policies and controls.
- Design and maintenance of frameworks and policies to manage risks.
- Creation and maintenance of banking relationships and accounts to manage settlement of funds.
- Work closely with Finance and Compliance, Marketing, and Communications teams to ensure alignment and delivery of VC team objectives.
- Provide oversight to outsourced fund administrator, including oversight of financial statement preparation, NAV statement preparation, carried interest waterfall, etc.
- Lead annual audit process by working closely with internal teams, auditor and fund administrator, to ensure it’s completion in a timely and accurate manner.
- Ensure that the Investment Advisory Committee, and Investment Committees are operating effectively and in compliance through establishment of governance protocols and maintenance of records.
- Lead the teams efforts with respect to ecosystem stakeholders, investors, advisors
Fund Governance
- Ensure the Limited Partnership Advisory Committee are operating effectively and in compliance through establishment of governance protocols and maintenance of records.
- Work closely with the internal Governance team to ensure the CVC Inc Board is operating effectively and efficiently through establishment of governance protocols and maintenance of records.
Investor Engagement & Reporting
- Handle investor relations responsibilities including regular financial reporting and written and verbal communication of management discussion and analysis regarding funds’ performance.
- Provide fund manager updates both in-person meetings and by written communication to both existing and prospective investors
- Maintain day-to-day investor support including responding to questions, managing investor accounts, and settling both investment proceeds, ensure tax requirements are met, and cash calls
Fund Manager Operations
- Work closely with the Managing Directors to set the annual budget for the VC business line, including resource planning.
- Work closely with Accounting and Financial Performance Team to update forecasts and report on actuals to budget to key internal and external stakeholders.
The way people describe you
- You are a self-starter whose detail-oriented approach to work leaves no stone unturned.
- You are a problem solver who thrives in a dynamic and challenging work environment.
- You are tech-savvy, forward-thinking, and extremely structured in your approach – you do not let balls drop or tasks slip through the cracks.
- You love building long-term relationships and has a vision for engaging/leveraging world-class LPs for the betterment of our portfolio companies while keeping a steady hand on the wheel of fund operations.
The experience you bring
- Experience in fund administration, private equity, venture capital or corporate finance is a must.
- 7-10 years of professional experience in a similar fund administration, governance or finance / role within an alternative investment firm; experience in venture capital or technology space preferred.
- You have a relevant education background in governance, business/commerce or other related field.
- A CFA, CPA, CBV or working towards one of these designations is required. Equivalent work experience will be considered.
- You know how to chase down required information and deliver on deadlines.
What you get in return
Our team works tirelessly to ensure the financial success of each of our members. We think such dedication deserves recognition. That’s why we’re proud to offer some of the most competitive job perks of any employer around. Come, join our crew, and find out just how sweet the rewards can be:
- Competitive compensation and benefits package
- Industry leading work-life balance and rewards
- Formal and informal employee development
- Meaningful work that makes a real difference in our members’ lives
We are excited to consider candidates with combined academic, professional and volunteer experience unique to them. Research shows that many applicants only apply if they meet every qualification of the role and we encourage you to consider the roles that most closely align with your skillset and experience. As we value diverse backgrounds and experiences and are focused on meaningfully building inclusive and diverse workplaces, you may be the new team member we've been looking for! This opportunity closes on June 19, 2023 so apply now! If you have questions about this position, please contact Sola Odufuwa at [email protected]
