Manager, Venture Capital Finance And Operations

Conexus Venture Capital was built to fill a funding gap in the local tech ecosystem.

In 2017, Saskatchewan startups received less than 0.5% of all Venture Capital funds deployed across Canada. Knowing our province's startups were being overlooked, we sought ways to fill this funding gap.

Conexus Credit Union has a long, rich history of innovation. Founded on the idea of pooling local capital and building support for the local economy, Conexus applied this principle to a 21st century problem: recognizing the lack of Venture Capital funding as an opportunity to solve a significant problem for our province's entrepreneurs!

In early 2019, Conexus Credit Union launched Conexus Venture Capital as a commitment to entrepreneurs and the local economy.

Since its inception, Conexus Venture Capital has played a key role in growing the technology ecosystem in Saskatchewan and beyond.

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 professional to come on board as a Manager, Venture Capital Finance & Operations. You will work with an all-star team that has extensive experience supporting high-growth VC backed companies. You will learn through mentorship and osmosis as you participate in all aspects of the fund lifecycle.

CVC Fund

One of the first Saskatchewan-based institutional VC funds with a focus on technology, we have fully deployed fund #1 and are actively supporting our portfolio while we preparing to launch a new fund in 2024.

Our portfolio includes industry leaders and innovators such as Coconut Software who were recently named as one of Canada's fastest growing companies by Deloitte's Fast50 report.

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.

Fund Operations and Administration: The Manager, VC Finance & Operations will lead all aspects of the administration, management, and Operations of the Venture Capital fund as outlined below:

• Lead fund operations by working closely and overseeing both external and internal partners that pertain to fund administration, accounting, governance, and audit.
• Meet all reporting obligations to all stakeholders, both internal and external
• Prepare the annual budget
• Manage the treasury function of CVC Inc., through the management of banking relationships, ensuring ample liquidity for the funds, overseeing that costs are aligned with budget, ensuring that proper controls and monitoring are in place, and overseeing capital calls in conjunction with fund cashflows (investments, management fees, etc.)
• Lead the teams efforts with respect to ecosystem stakeholders, investors, advisors, including the closely held relationship with Cultivator power by Conexus

Company Valuations and Portfolio Management: The Manager, VC Finance & Operations will manage all aspects that pertain to valuation and portfolio management by performing the following:

• Work alongside portfolio company founders to collect, compile, and analyze information, including performance commentary, quarterly investor letter, Annual Meeting content and deal announcements
• Lead the quarterly net asset valuation process to determine the fair-market value of each portfolio company, within valuation policy guidelines and by using a variety of valuation methodologies including:

• Public comparables
• Multiples analysis
• Latest financing method

• Analyze and monitor portfolio companies' new capital raises and how these new transactions/deals impact the underlying economics of CVC Inc.'s position within each portfolio company
• Lead and oversee the annual audit process by working closely with the external auditor, fund administrator, and accounting team to compile, analyze, and provide relevant data and to ensure its completion in a timely and accurate manner

Fund Governance

• Ensure the funds and organization are operating effectively and in compliance with all Limited Partnership Agreements 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.
• Oversee and establish relevant governance policies and operational procedures so that proper controls and oversight are established within the day-to-day operations of the organization

Investor Engagement & Reporting

• Participate in periodic Limited Partner (LP) callout/webinars by presenting relevant data on fund performance, qualitative and quantitative updates on portfolio companies, and fund modelling
• Assist the team in fielding current and prospective investor questions, both in-person and written, pertaining to fund performance, quantitative data on underlying positions, and fund manager updates
• 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
• Oversee the quarterly financial statement and net asset value reporting to investors by working alongside and assisting the fund administrator and accounting team

Portfolio Company Support

• Provide periodic and adhoc support to portfolio companies through accessing Cultivator programing, seeking out relevant support agencies, tax credits, etc.
• Acting to provide overall team support in applying relevant skill set to assist in analysis of prospective investments.

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.

Salary Range:

• $100,940 - $144,200 with 15% Short Term Incentive Target

Benefits and Perks

• The success of our members relies heavily on the performance and accomplishments of our employees. That's why we prioritize offering our team a variety of perks and benefits designed to support their success and well-being both at work and in their personal lives. Some of these additional benefits include, but are not limited to:
• Preferred rates for all your banking needs helping to make life more affordable.
• Generous vacation benefits with 10 additional paid days off giving you time to spend on what's most important to you.
• Competitive benefit package options covering off all aspects of personal wellness.
• 7% pension matching after one year of employment to support you towards retirement.

We are excited to welcome candidates who bring a blend of academic, professional and volunteer experience that sets them apart. Research shows that many applicants tend to apply only when they meet every qualification of the role. However, we encourage you to explore opportunities that closely match your skillset and experience. We truly value diverse backgrounds and varied experiences, as we are dedicated to creating inclusive and diverse workplaces. You might just be the ideal addition to our team that we've been searching for! This opportunity closes on January 19, 2024, so apply now! If you have questions about this position, please contact Carmen Boxall at jobs@conexus.ca