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Nazim Somani, CPA, CMA - Canada

Finance Controller

Finance Controller at Advantex Marketing International Inc.

Toronto, Canada Area

Section title

Nazim Somani, CPA, CMA - Canada's Email Addresses & Phone Numbers

Nazim Somani, CPA, CMA - Canada's Work Experience

Advantex Marketing International Inc.

Finance Controller

June 2011 to Present

Agincourt Community Services Association Inc.

Finance Director

November 2010 to June 2011

Private Business

Financial and Tax Consultant

February 2010 to October 2010

Nazim Somani, CPA, CMA - Canada's Education

Society of Management Accountants of Canada

CMA Accounting Finance and Management

2008 to 2010

Institute of Financial Consultants, Canada

CFC Accounting and Finance

2000 to 2001

Institute of Cost and Management Accountants Pakistan

FCMA Advance cost and financial management

1994 to 1997

Nazim Somani, CPA, CMA - Canada's Professional Skills Radar Chart

Based on our findings, Nazim Somani, CPA, CMA - Canada is ...

Carefree
Talkative
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What's on Nazim Somani, CPA, CMA - Canada's mind?

Based on our findings, Nazim Somani, CPA, CMA - Canada is ...

52% Left Brained
48% Right Brained

Nazim Somani, CPA, CMA - Canada's Estimated Salary Range

About Nazim Somani, CPA, CMA - Canada's Current Company

Advantex Marketing International Inc.

Advantex is a specialist in the marketing services industry, managing white-labeled rewards accelerator programs and financing through advance purchase marketing (APM model). Major area of focus of my role is; • Review merchant’s funding contracts for funding eligibility through due diligence process. • Approve best pricing combination for various products for merchants. • Coordinate with funding partners...

Frequently Asked Questions about Nazim Somani, CPA, CMA - Canada

What company does Nazim Somani, CPA, CMA - Canada work for?

Nazim Somani, CPA, CMA - Canada works for Advantex Marketing International Inc.


What is Nazim Somani, CPA, CMA - Canada's role at Advantex Marketing International Inc.?

Nazim Somani, CPA, CMA - Canada is Finance Controller


What is Nazim Somani, CPA, CMA - Canada's personal email address?

Nazim Somani, CPA, CMA - Canada's personal email address is n****[email protected]


What is Nazim Somani, CPA, CMA - Canada's business email address?

Nazim Somani, CPA, CMA - Canada's business email addresses are not available


What is Nazim Somani, CPA, CMA - Canada's Phone Number?

Nazim Somani, CPA, CMA - Canada's phone (416) ***-*199


What industry does Nazim Somani, CPA, CMA - Canada work in?

Nazim Somani, CPA, CMA - Canada works in the Marketing and Advertising industry.


About Nazim Somani, CPA, CMA - Canada

📖 Summary

Financial executive with broad experience in all aspects of accounting, auditing and financial management. Carry 15 plus years of working experience in diversified service industry that include not-for-profit and for-profit organizations. Direct experience with health care, hospitality (Marriott) and merchant financing . A successful professional and possesses high level of leadership qualities as well as extremely good in people management. Interested in growing service company sector both for-profit and not-for- profit. However, open minded to accept challenging and diverse opportunity in other industry sector.Finance Controller @ Advantex is a specialist in the marketing services industry, managing white-labeled rewards accelerator programs and financing through advance purchase marketing (APM model). Major area of focus of my role is; • Review merchant’s funding contracts for funding eligibility through due diligence process. • Approve best pricing combination for various products for merchants. • Coordinate with funding partners for funding arrangement and financial reporting. • Support operation team to drive financial results and support decisions. • Closely work with accounting team to review financial reporting and operational outcome. • Prepare and manage daily cash flow forecast and online banking for EFTs. • Prepare monthly corporate returns–Form 7; assist preparation of MD&A for annual report. • Work with department heads and management in process improvement and maximizing profitability through merchant acquisition. From June 2011 to Present (4 years 7 months) Finance Director @ • Supervise accounting team and provide technical support to managers and Ex. Director. • Manage projects and comply reporting requirements as defined in the funding contracts. • Cash and fund management both for restricted and non-restricted funds. • Prepare and manage individual project budget according to funding contracts terms. • Manage month end and year end closing process to ensure accuracy of all accruals. • Prepare financial reports and present it to Finance Committee and the Board. • Ensure timely submission of financial and statutory reports to the stakeholders including Federal and Provincial bodies as well as foundations and other donors. • Coordinate external audits and financial monitoring by funding partners From November 2010 to June 2011 (8 months) Financial and Tax Consultant @ Providing professional services in the field of accounting, taxation and business analysis. Preparation of financial statements for corporate clients. Financial analysis and recommend solutions. Filing of tax returns and follow up services. From February 2010 to October 2010 (9 months) Assistant Controller @ Courtyard by Marriott, Downtown, Toronto is the largest Courtyard of the Marriott in the world. Effectively assisted the Controller of the hotel and manage the accounting department to ensure efficiency, effectiveness, reliability of financial reports. Major responsibilities were; • Prepared daily financial analysis, account reconciliation and managed cash flows. • Managed full accounting cycle and ensured accuracy (A/R, A/R, accruals & payroll). • Prepared daily financial reporting on “Business Intelligent” portal to the Corporate Office. • Prepared weekly cash forecast, variance analysis, investigation and monthly reporting. • Financial planning, budgeting and financial reporting. • Coordinate internal and external audits. • Prepared revenue reconciliation, balance sheet reconciliation, bank reconciliation. From December 2008 to January 2010 (1 year 2 months) Controller/Director of Finance @ SSuccessfully managed Marriott Hotels (around 500 rooms) demonstrating highest level of leadership and financial management skills. Core responsibilities; • Ensured strong internal controls, financial systems and cash flow management. • Overseen complete accounting, payroll, procurement and administrative functions. • Prepared financial plans, budgets and financial reports for all stake holders. • Prepared and reported financial & statistical analysis on projects and business initiatives. • Coordinated internal and external audits and implemented recommendations. • Prepared capital evaluation and capital budget as per company’s plan. • Effectively involved in the strategic decision making process of three hotels. From June 2003 to July 2008 (5 years 2 months) Manager, Finance and Administration - Corporate Office @ Successfully managed four regional offices and prime responsibilities were; • Managed accounting functions and internal controls policies and procedures. • Prepared and reported periodic financial reporting and key service indicator analysis. • Complied with financial and statistical reporting requirements of government and donors. • Prepared, consolidated and presented final budget to the Board of Directors. • Provided financial projections for project proposals to funding agencies. • Monthly financial and variance reporting to management, board and funding partners. From November 1999 to June 2004 (4 years 8 months) Audit Manager @ Managed financial, operational and management audits of various organization under Aga Khan Development Network (world wide organization). • Preparation of overall audit plan for financial, operational and management audits. • Ensure audit work plan reflects audit objective, priorities and risk assessment. • Review working papers files to know adherence of policies, procedures and practices that reflect international accounting and auditing framework, discuss findings with the management, draft management letter and audit report. • Present audit plans and progress report to the Audit Committee. From March 1995 to October 1999 (4 years 8 months) CMA, Accounting, Finance and Management @ Society of Management Accountants of Canada From 2008 to 2010 CFC, Accounting and Finance @ Institute of Financial Consultants, Canada From 2000 to 2001 FCMA, Advance cost and financial management @ Institute of Cost and Management Accountants Pakistan From 1994 to 1997 FCIS, Corporate affairs and Finance @ Institute of Corporate Secretaries, Pakistan From 1993 to 1995 Advance accounting and financial management @ Institute of Chartered Accountants of Pakistan From 1991 to 1995 B.Com, Finance and Commerce @ Karachi University From 1988 to 1991 Nazim Somani, CPA, CMA - Canada is skilled in: Financial Accounting and Budgeting, Cash Flow and Financial Management, Pricing and modeling, Advance Excel, Word and Power Point, Microsoft Dynamics Great Plains, Micro Fidelio, Property Management Systems, QuickBooks, Dinex, Financial Statement Analysis, Report Writing, Auditing, Team Leadership, People Skills, Organization & prioritization skills


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Nazim Somani, CPA, CMA - Canada's Personality Type

Extraversion (E), Sensing (S), Feeling (F), Judging (J)

Average Tenure

3 year(s), 1 month(s)

Nazim Somani, CPA, CMA - Canada's Willingness to Change Jobs

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