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Expert Centre

Biography

Consensus builder and financial controls expert Craig Elliott steers the University of Ontario Institute of Technology’s (UOIT) financial plan for sustained growth and development, linking to its strategic goals and objectives. Since his appointment to Chief Financial Officer of UOIT in 2010, Elliott has overseen significant gains across all five Finance departments including Operations, Accounts Payable and Receivable, Financial Planning and Reporting, Research Accounting, and Business Systems. Following exponential growth of UOIT’s student body, faculty, programs and infrastructure within its first decade, Elliott is working to bring levels of compliance and procedures in line with the university’s current needs. He is focused on ensuring robust policies and procedures to reduce risk and improve service quality and accuracy are in place. Additionally, he is driving increased efficiencies across UOIT’s Finance departments through advanced automation systems, as well as improving the quality and accuracy of financial information reported to boards, external auditors and reporting agencies. Elliott received his Bachelor of Commerce degree from McMaster University in 1984, and 1991 earned his Certified Management Accountant designation from the Society of Management Accounts of Ontario. Elliott’s diverse industry and government experience has culminated in a progressive 30-year finance career, climbing the ranks at Westinghouse Canada Inc. early on. Between 1995 and 2000, Elliott served as plant controller and corporate controller at Fortune Brands Alberta Distillers Division before being appointed to chief financial officer for Fortune Brands NHB Industries Limited, overseeing finance and operations in Ontario and Alabama. In 2004, he became the company’s president transforming its struggling bottom line and low profit margin to entry into higher margin markets and an expanded customer base. This boosted profits higher than the company’s other divisions within three years, notably his most gratifying career achievement. In 2008 he was appointed General Manager of Finance and Administration for the County of Simcoe where he provided operational leadership and managed a budget of over $440 million across a population of 422,000. At UOIT, Elliott continues to strengthen a respected financial team, sought after by stakeholders for its expertise. Within the community, he serves as treasurer of the Kawartha Golf and Country Club.

Expertise


Chief Financial Officer (CFO), UOIT

January 1, 2011

Elliott oversees an operating budget of over $180 million and has achieved a balanced budget since joining UOIT in 2010. Under his leadership, the university's Research Accounting department has doubled since 2012. He is establishing a robust financial team, sought after by stakeholders for their expertise.

Board of Directors, Kawartha Golf & Country Club

December 1, 2013

Elliott serves as Treasurer on the board.

The Centre for Creative Leadership

1998
Leadership Development Program - Business

The Society of Management Accountants of Ontario

1991
Certified Management Accountant - Accounting

The Canadian Securities Institute

1987
Certificate - Investment Dealers Association of Canada

McMaster University

1984
BComm - Commerce
  • The Association of Municipal Clerks and Treasurers of Ontario

  • The Society of Management Accountants of Ontario

Involvement


  • Media appearances

    Oshawa university balances the books: media appearance byCraig Elliott

    Oshawa university balances the books
    Durham Region online

    May 12, 2014

    DURHAM -- The University of Ontario Institute of Technology’s board of governors passed a balanced budget at its latest board meeting. “Ever since I’ve been here for the last four years we’ve had a balanced budget,” said UOIT’s chief financial officer Craig Elliott. UOIT has increased its budget this year by 7.6 per cent -- or $12.7 million -- for 2014-2015, coming in at $180 million in expenses, and balancing it with $180 million in revenue.

    Oshawa university balances the books
    Oshawa This Week print

    May 12, 2014

    The University of Ontario Institute of Technology’s board of governors passed a balanced budget at its latest board meeting.

University of Ontario Institute of Technology logo