Coordinator, Investment Accelerator Fund
- Job Type
- Parental Leave Coverage - Full Time
- Job Level
- Junior/Entry level
- Toronto, ON
- Impact Area
- Economic Development
- Impact Category
- Company Type
About this position
Toronto's MaRS Discovery District is one of the world's largest urban innovation centres, cultivating high-impact ventures and equipping innovators to drive economic and social prosperity in Canada. MaRS supports entrepreneurs in the sectors of media and technology, cleantech and healthcare by providing them with advice, education and market research, and connecting them to talent, customers and capital. An independent registered charity, MaRS also works with private and public sector partners to create solutions that open market access for ventures and generate social impact.
Under the direction of the Manager, Portfolio Administration, the Coordinator supports the IAF Investment team with respect to general administrative support; participating in ensuring the smooth functioning of the unit’s operations, acting as resource person for policies and procedures; coordinating various investee and partner-related events; planning and executing team, investment pitches and committee meetings, assisting in reporting and auditing processes, maintaining records and filing system related to investments; interfacing with other MaRS departments as required and coordinating the Director’s calendars.
Please note, this is a fixed-term contract role for a mat leave replacement. The length of the contract will be further discussed during the interviews.
Position Responsibilities and Essential Functions
Investment Process [30%]
- Conduct initial screening of applications and assign qualified deals to the appropriate Investment Manager in Salesforce;
- Organize investment pitches, which includes sending meeting invites, ensuring that the eligibility checklists have been completed and setting up A/V requirements;
- Organize Investment Committee meetings, which includes sending meeting invites to IC members and MEDJCT, compilation and distribution of IC meeting materials, ensuring quorum has been met, arranging catering and A/V requirements and working with the Investment Managers to circulate the minutes in a timely manner;
- Facilitate execution of closing documents and post-investment legal documents by acquiring signatures from the appropriate signatories;
- Liaise with Dentons (legal counsel) and maintain copies and listing of all original debentures, share and warrant certificates
Data Management [20%]
- Salesforce: manage the IAF pipeline, new applications and leads, and events.
- Box: ensure that closing books, legal documents and all investment materials are filed in Box to satisfy audit requirements;
- Hockeystick: Onboard investees and new IAF employees on the system, and assist
- with platform-related requests;
- Filing: maintain a hard copy filing system for IAF-related documents
- Assist the Manager in preparing supplemental documentation for the quarterly and
- semi-annual reports;
- Monitor the HTX portfolio and ensure that loan recipients adhere to the reporting
- requirements: timely submission of reports and repayments
- Compile IAF and investee documentation for the external and government audits
IAF Administration [40%]
- Calendar management, travel and conference arrangements, and acting as filter for telephone calls and in-person meetings;
- Monitor and maintain the IT needs of the team: coordinating required support and assistance, including organizing facilities and equipment for new employees, ensuring that they are appropriately on-boarded.
- Compile invoices and assist the team with expense reports, checking accuracy and adherence to fund and finance policy guidelines.
- Maintain the IAF website including updating team bios, portfolio companies and IC members;
- Liaise with Real Estate and Security on office space-related requests (access cards, furniture, moves, etc.)
- Coordinate and oversee the day-to-day management of supplies, equipment and facilities to include maintenance, inventory management, logistics, and related activities
- Assist in organizing the annual Investment Community appreciation event and IAF strategy sessions
- Collaborate with Finance department to ensure timely submission and processing of invoices, expense reports and that auditing requirements are met
- Collaborate with MaRSIT to solve IT-related issues
- Collaborate with HR on the on-boarding process of new team members, benefits-
- related inquiries and performance review process
- Collaborate with internal Management Committee members to ensure that they receive
- meeting invites and investment materials prior to Investment Committee meetings o Liaise with Real Estate and Security on office space-related requests
- Collaborate with Executive Assistant to CEO to ensure that expense forms, out-of-province requests and hospitality/event budgets are approved
- IAF Applicants: Answer inquiries and provide general information on the IAF o Dentons LLP: Collaborate with Dentons (legal counsel) to ensure that closing
- documents are executed on a timely basis and follow up on closing books
- Hockeystick: Collaborate with provider to onboard investees on the system and other
- platform-related requests
- Vendors: Ensure timely processing of invoices
- Investment Committee members (voluntary members consisting of VCs and Angels):
- Collaborate with members for IC meetings, attendance and quorum, and distribution of investment materials
- Minimum bachelor’s degree in business or equivalent, and 2-5 years of relevant business experience
- Experience in outward facing roles an advantage
- Familiarity with investment or loan transaction documents an advantage
- Strong capabilities in MS Word, PowerPoint and Excel, SquareSpace and other
- business software tools
- Highly developed analytical and interpretive skills, conceptual thinker, able to solve
- complex problems
- Strong oral and written communications skills
- Superior interpersonal skills and customer focus
- Ability to multi-task, comfortable working in a fast-paced, high energy environment with
- ability to work extended hours if required
- Maturity and high level of personal integrity
- Highly developed organizational and trouble-shooting skills
- Self-motivated - able to work independently or as a team member
- Personal accountability and commitment to achieving and exceeding goals and objectives
Open-concept office environment with operating business hours of 8:30am to 5pm Monday to Friday.
Applications are due by 6:59 PM Eastern Time on the Close Date indicated at the top of this job posting.
Applicants must be legally eligible to work in Canada.
MaRS Discovery District is committed to diversity and encourages applications from all qualified candidates, including aboriginal persons, francophones, members of sexual minority groups, persons with disabilities, visible minorities and women. We will provide any requested accommodation to candidates with disabilities throughout the recruitment process.
Based in Toronto’s Discovery District, MaRS is the world’s largest urban innovation hub.
Focusing on four key sectors – health, energy & environment, finance & commerce and work & learning – MaRS supports more than 1,000 ventures that are striving to make the world a better place. MaRS provides these ventures with expert advice, and connects them to capital, talent and new markets to accelerate their growth and scale up their impact.
MaRS is also home to cutting-edge research institutes advancing knowledge in areas like healthcare and artificial intelligence, as well as the Canadian offices for several globally leading tech companies like Facebook, PayPal, Autodesk and Airbnb.
MaRS supports scaling ventures that create jobs, increase prosperity and help tackle important societal issues like climate change or rising healthcare costs.
MaRS has also been instrumental in growing Canada’s market for socially conscious investments through its Centre for Impact Investing and SVX online investing platform.
On the capital side, MaRS manages a fund (MaRS Catalyst Fund) that invests in companies creating positive social or environmental change, and also manages the StandUp Ventures fund, which invests in women-led tech startups.
What it's like to work here
The MaRS Centre is a vibrant, architecturally inspiring innovation hub. It draws 6,000 researchers, innovators and entrepreneurs to work each day at a diverse, curated tenant mix of startups, scaleups and multinational high-tech companies in the building.
MaRS itself is a lean organization with a flat management structure. Dedicated to supporting startups, the culture is entrepreneurial and employees are encouraged to find unique solutions to problems. Teams tend to be small and responsible for the full lifecycle of a project, from ideation and design to development and rollout.
MaRS employees enjoy extras, such as:
i. Access to a wide range of tech industry events that take place in the MaRS Centre, such as the MaRS Mornings entrepreneur talks.
ii. An active social committee that organizes regular events, “serendipity coffees” to meet members of other teams, a summer games tournament, team-building outings and summer golf day.
iii. MaRS softball team, free weekly yoga in the atrium, and discounted gym memberships
iv. Indoor bike parking and showers
Career Growth Opportunities
Career growth at MaRS is fostered by the breadth of experiences and educational opportunities available to employees, as well as exposure to startups, entrepreneurs and diverse networks. Personal development opportunities set the foundation for a successful career within and beyond the organization.
For employees at an earlier stage in their career, the innovation ecosystem and entrepreneurial environment offer opportunities to develop expertise in some of the most important sectors of the economy.
What We Look For When Hiring
MaRS seeks candidates who have an entrepreneurial spirit, who are collaborative and team-oriented and share a passion for innovation and MaRS’ mission.
Candidates should be motivated by the prospect of continuous learning, improving their skills and being given the responsibility to manage projects and find novel solutions to problems.
MaRS looks for people whose unique personal experiences and background can add to its culture of innovation.