Experience

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  Knowledge-Based Welfare Society

  • Vice President/Controller

    • 2009 - Present

    As Vice President and Controller, with accounting degrees from a premier Florida business schools (FIU, Miami) and Barry University, Miami in 29-year career that has included successful entrepreneurial stints in technology, education, retail trade and banking companies, as well as strategy. planning and operational roles in small companies.Entrepreneurial leader with experience of 22 years in successfully managing high growth start-ups and turning around businesses in Pakistan and US Responsibilities included complete P&L management, business development, team-building, human resource management, strategy and planning, competitive analysis, conflict and problem resolution, project management, risk assessment and management, financial reporting and budgetary management.

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  East West Accounting Services, LLC

  • Miami, Florida

  • President/CEO

    • Jul 2007 - Present
    • Miami, Florida

    Frasat Farooq provides his clients with a comprehensive approach to income, estate, financial and investment planning. A trusted advisor to clients in wide range of industries. Frasat helps them define their goals and develop strategies to succeed.Affiliations:American Institute of Certified Public Accountants (AICPA)Florida Institute of Certified Public Accountants (FICPA)Chartered Global Management Accountants (CGMA)Fellow at Chartered Institute of Managment (FCIM)- UKLife Member- Association of Certified Fraud Examiners (ACFE)National Association of Tax Professional (NATP)Healthcare Finance Management Association (HFMA)Financial Executive International (FEI)

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  Retail Travel Services, Inc.

  • Controller

    • Dec 2003 - Jul 2007

    Responsibilities Included:Budgeting, Forecasting & ReportingFinancial AccountingProjects and Financial ControllingProductivity and Efficiency increase thru automation, system implementation and business process managementGAAP and IFRSMerger and Acquisitions IntegrationChange ManagementBenchmarking and Best PracticesCash Flow PlanningCost Reduction & ControlAudit Issue ResolutionBilling, Collections and Credit Control

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  Bear Education Corporation

  • Miami, Florida

  • Controller

    • Apr 2002 - Dec 2003
    • Miami, Florida

    Responsibilities included:Developing of accounting and financial reporting systems for this group of seven companies.Handling of bank accounts, bank reconciliations, payables, receivables, payrolls and filing of quarterly reports with governmental agencies.Preparing of month-end journal entries to reconcile general ledger accounts for the preparation of monthly financial statements for the president with my analysis of line items comparison of actuals with budgeted figures.Filing of annual corporate tax returns with Internal Revenue Service and Florida Department of Revenue.

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  SRS & Company, LLC

  • Miami, Florida

  • Senior Consultant

    • Jun 1998 - Sep 2002
    • Miami, Florida

    Responsibilities included:Conducting audit field work for clients in banking, construction, not-for-profit entities, retailers and distributors and healthcare companies.Analyzing general ledger accounts and trial balances and performing cash reconciliations and tying with general ledger accounts.Conducting subsequent reviews to ascertain that all major liabilities have been incorporated in general ledger for related expenses and purchases.Performing of analytical procedures with variance analysis to verify the reasonableness of revenues and expenses, assets and liabilities.Performing compilation and review services for the clients financial statements.Preparing income tax returns of the clients at the individual and business levels.

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  Jefferson Bancorp Inc.

  • Miami Beach, Florida

  • Assistant Comptroller

    • Nov 1990 - Aug 1997
    • Miami Beach, Florida

    Responsibilities included:Month-end closing and processing of financial statements of bank holding company with three independent banks.Reviewed general ledger accounts for accuracy and reasonableness and booked adjusting entries for differences.Recorded eliminating entries each month for consolidated financial statements.Prepared for parent and subsidiary banks regulatory reports with Federal Reserve bank, Federal Deposit Insurance Corporation and Security and Exchange Commission.Worked on quarterly Call Reports, 10-Q, annual 10-K and Proxy Statements.Prepared monthly financial package for the Board of Directors' scheduled meeting.Planned and had completed annual audits by external and regulatory auditors.

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  Digital Products Corporation

  • Ft. Lauderdale, Florida

  • Assistant Comptroller

    • Jul 1987 - Nov 1990
    • Ft. Lauderdale, Florida

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  Miquel Mysorewala & Company, CPA's

  • Miami, Florida

  • Audit Manager

    • Jul 1985 - Jun 1987
    • Miami, Florida

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  A.F. Ferguson & Co (PwC Pakistan)

  • Supervising Senior

    • 1973 - 1979