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.
Industry Expertise (4)
Areas of Expertise (5)
Chief Financial Officer (CFO), UOIT (professional)
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 (professional)
Elliott serves as Treasurer on the board.
The Centre for Creative Leadership: Leadership Development Program, Business 1998
The Society of Management Accountants of Ontario: Certified Management Accountant, Accounting 1991
The Canadian Securities Institute: Certificate, Investment Dealers Association of Canada 1987
McMaster University: BComm, Commerce 1984
- The Association of Municipal Clerks and Treasurers of Ontario
- The Society of Management Accountants of Ontario
Media Appearances (2)
Oshawa university balances the books
Durham Region online
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
The University of Ontario Institute of Technology’s board of governors passed a balanced budget at its latest board meeting.