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Velocity is hiring a Financial Officer

The search has begun for a Financial Officer at Velocity, Canada’s leading entrepreneurship program, based out of the University of Waterloo. We are looking for someone with a high level of attention to detail, strong interpersonal skills, and experience with financial reporting. Is that you?

The Financial Officer provides financial information to the Director and Associate Director to support effective management and strategic planning of Velocity. The incumbent’s main priority is to manage Velocity’s annual operating budget, which involves assistance with budget creation and evaluation, as well as day-to-day oversight. This requires reviewing accounts on a monthly basis and identifying potential issues and initiating corrective action where required.

Ongoing work includes facilitating payment of invoices in collaboration with the Finance Office, creating contracts for new Velocity staff, and overseeing the team onboarding and exit process. The Financial Officer will develop, improve and implement strong internal financial controls, ensuring that Velocity adheres to the University’s financial policies, procedures, and guidelines. This role includes reporting to federal and provincial government funding partners (CAIP and CLA), including evaluating, reporting and speaking to trends and concerns. In addition, the Financial Officer is responsible for managing Velocity fundraising efforts, which includes major corporate donations and sponsorship.

Qualifications for this role include 3-5 years of experience in a financial reconciliation and reporting role. Knowledge of a university working environment or complex, multi-departmental organizations is an asset. 
Occasional evening hours are required in support of Velocity events.

If this sounds like a great fit, please apply at the bottom of the University of Waterloo job posting.

Velocity Background

Velocity’s mission is to ignite and fuel the entrepreneurial spirit in the pursuit of economic and social value creation. We do this in two ways: supporting startups and cultivating an entrepreneurial culture and pipeline within the UWaterloo community. Pipeline building within the campus community is focused around providing inspiration, information and guidance as it relates to entrepreneurship and startup commercialization. Supporting startups is focused around discovering opportunities, building product and preparing for growth and scale. We pay special attention to cultivating a high-performance environment in which founders can grow and succeed.

Our mission is executed via five University of Waterloo entrepreneurship programs, including the Velocity Garage, a 37,000 sq. ft. startup incubator in downtown Kitchener (open to all startups, not just UWaterloo affiliated); campus programs include the Velocity Fund, a startup pitch competition that awards nearly $400,000 in grants per year; Velocity Residence, a dorm for student entrepreneurs; Velocity Science, an on-campus lab and community for science startups; and Velocity Start, a place for students to discover entrepreneurship through weekly workshops, startup coaching, and more.

Velocity has been in operation for 10 years and has a demonstrated track record, having helped incubate 300+ companies, which have raised $750+ million in investment, and which employ 2,250 people.