Mark Stovel, CPA

CEO + Founder at Firm Nexus
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Location
CA

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5.0

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Ben Charland, MA

No matter the stage, no matter the project, no matter the organization -- Mark is the guy you want involved. He is a consummate professional who is detail-oriented yet strategic in his thinking. As an accountant he draws from a deep reservoir of hands-on technical experience, and as an entrepreneur he is propelled by the relentless drive to do things better, faster and more seamlessly. Mark has an uncanny knack for finding inefficiencies, and he's also skilled at communicating them; that's a rare combination. Finally, and perhaps most importantly, Mark is a good guy. You wouldn't typically find that in a LinkedIn recommendation, but it is too central to his ethic and ambition for me to leave out. It's been a pleasure to work with him because he makes doing the hard work feel easy. Find a way to get Mark in the room and you won't be disappointed.

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Experience

    • Business Consulting and Services
    • 1 - 100 Employee
    • CEO + Founder
      • Oct 2021 - Present
    • Canada
    • Software Development
    • 1 - 100 Employee
    • Fractional CFO
      • Aug 2020 - Dec 2022

      KP9 believes everyone should have access to create powerful augmented reality experiences. Through the Worldcast creative studios, individuals and brands can place their ideas onto reality. No code. No App. KP9 believes everyone should have access to create powerful augmented reality experiences. Through the Worldcast creative studios, individuals and brands can place their ideas onto reality. No code. No App.

    • Managing Partner
      • Sep 2017 - Sep 2021

      • An online CPA accounting firm that provides the best tools and support to small businesses in Canada, by focusing on automation, efficiency, and strategy. • Developed a distinct approach with no traditional hourly fee structure, an outstanding service, and one where the CPA is a partner in the core business strategy • An online CPA accounting firm that provides the best tools and support to small businesses in Canada, by focusing on automation, efficiency, and strategy. • Developed a distinct approach with no traditional hourly fee structure, an outstanding service, and one where the CPA is a partner in the core business strategy

    • Canada
    • Oil and Gas
    • 1 - 100 Employee
    • Operations & Financial Controller
      • Oct 2015 - Jul 2017

      • In addition to Financial Controller duties (see below), responsible for all operations and for managing the custom printing production team • Assessed and managed all training and cross-training in a recession environment• Developed and implemented company-wide tracking mechanisms for operational utilization and efficiency• Increased efficiency for labour intensive processes by implementing streamlined systems, challenging orthodoxy, and encouraging experimentation• As part of the management team, achieved a 30% decrease in overhead costs Show less

    • Financial Controller
      • Jun 2014 - Sep 2015

      • Responsible for the day-to-day operation of the accounting department, including all month-end processes, coordinating internal control review and implementation, and leading complicated accounting matters (i.e. acquisitions, etc.)• Worked closely with external auditors in completion of corporate reviews• Drove department efficiency through training and leveraging ERP (Netsuite) as well as other initiatives• Oversight of all risk management, treasury/cash, corporate reporting, and tax compliance• Developed and maintained annual budgets and forecasts, with a focus on cost savings• Worked closely with shareholders to drive shareholder value Show less

    • Entertainment Providers
    • 1 - 100 Employee
    • Senior Associate, Transaction Advisory
      • Mar 2013 - May 2014

      • Assisted clients with strategic acquisitions in various industries• Clients were headquartered in Canada and the United States with operations all over the globe• Worked with national and international EY team members to leverage industry and local expertise• Performed financial due diligence including: (1) Deconstruction and analysis of cashflow projections (2) Analysis of quality of earnings and profitability models (3) Analysis of quality of net assets, net working capital, as well as debt and debt like item• Complied reports detailing the results of performed analysis, highlighting negotiation points to mitigate risk and understand the business value Show less

    • Senior Staff Accountant, Assurance
      • Sep 2010 - Mar 2013

      • Audited large Canadian public and private companies in various industries• Performed financial statement audits in accordance with IFRS and ASPE, and assisted with tax provision audits• Clients included oil and gas, telecommunications, entertainment, and beverage, as well as private equity• Led and supervised small groups between two seven people, acting as liaison with client’s management and other external parties during the audit• Completed a term in the human capital group, preparing personal tax returns for expatriates residing in Canada and the United States Show less

Education

  • Chartered Professional Accountants of Canada (CPA Canada)
    2015 -
  • Canadian Institute of Chartered Accountants
    Chartered Accountant (CA)
    2013 -
  • University of Calgary
    Bachelor of Commerce, Accounting
    2007 - 2010

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