Muhammad Omer Farooq
Finance Lead - Global Operations at PureSquare- Claim this Profile
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Bio
Experience
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PureSquare
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Virgin Islands, British
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Computer and Network Security
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100 - 200 Employee
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Finance Lead - Global Operations
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Jan 2021 - Present
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Gaditek
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Pakistan
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IT Services and IT Consulting
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400 - 500 Employee
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Finance Team Lead
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Jan 2021 - Present
Pakistan • Managing financial reporting & operations of a renowned global SAAS product PureVPN, which has a global clientele and International legal presence in multiple jurisdictions. • Supervising the preparation & submission of monthly financial statements to the higher management along with the detailed variance analysis and ensuring correct allocation of revenue & cost between business units • Managing relationships with international banks & payments processors, including PayPal, Stripe… Show more • Managing financial reporting & operations of a renowned global SAAS product PureVPN, which has a global clientele and International legal presence in multiple jurisdictions. • Supervising the preparation & submission of monthly financial statements to the higher management along with the detailed variance analysis and ensuring correct allocation of revenue & cost between business units • Managing relationships with international banks & payments processors, including PayPal, Stripe, and Citi Bank, and submitting periodic reviews/KYC replies with documentation on behalf of the business • Negotiated contract with payment processors including Stripe to achieve a 30% reduction in overall annual transaction fee • Slashed business operational costs by 20% by optimizing existing contracts with vendors and identifying improvement areas while ensuring service continuation and enhancements • Providing analysis and delivering insight that links financial reports to business strategies • Presenting financial performance, full-year forecasts, and budget variance, including the understanding of financial opportunities and insights to the non-finance team members • Building partnerships and strong relationships with all senior managers and their teams and providing financial support to enable business decision making
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Senior Accountant
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Jun 2018 - Dec 2020
Pakistan - Managing the complete accounting system of GZ Systems Ltd., a Hong Kong based subsidiary of Gaditek Associates Pakistan - Preparing and submitting monthly financial statements to the management along with the detailed analysis and ensuring correct allocation of multiple SAAS products cost (PureVPN, ATOM, KillPing) - Ensuring that all the transactions are supported by required documentation and directly working with the international auditor to ensure the timely completion of the yearly… Show more - Managing the complete accounting system of GZ Systems Ltd., a Hong Kong based subsidiary of Gaditek Associates Pakistan - Preparing and submitting monthly financial statements to the management along with the detailed analysis and ensuring correct allocation of multiple SAAS products cost (PureVPN, ATOM, KillPing) - Ensuring that all the transactions are supported by required documentation and directly working with the international auditor to ensure the timely completion of the yearly financial audit - Preparing monthly projected cash flow report & performing cash flow management throughout the month - Managing all e-payments processors including (PayPal, Stripe, AliPay & Coin Gate) to process payments to vendors and submitting any periodic business review reply’s with documentation on behalf of the business - Handling all bank-related matters along with the processing of payments through bank wire and fulfilling ongoing bank compliance requirements including KYC, remittance form etc. - Preparing a monthly schedule of payments to vendors along with date wise aging of outstanding payments - Managing the preparation, calculation, and disbursement of business affiliate’s commission on monthly basis - Ensuring the timely collection and allocation of the receivable from International B2B customers - Handling ongoing billing-related matters for credit adjustments with service providers & data centers
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IT Verticals Inc
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United States
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IT Services and IT Consulting
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1 - 100 Employee
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Senior Financial Analyst
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Apr 2016 - May 2018
Pakistan • Conducted monthly revenue analysis and cost comparison of top-selling products on company USA based Ecommerce stores Apparelnbags.com & Naturesartifacts.com • Performed ongoing audit activity and managed the accounting records for accurate and timely preparation of monthly financial statements and submission to the management • Prepared order level contribution margin visibility of online stores & sub stores running at marketplaces including Amazon, Sears, eBay • Derived… Show more • Conducted monthly revenue analysis and cost comparison of top-selling products on company USA based Ecommerce stores Apparelnbags.com & Naturesartifacts.com • Performed ongoing audit activity and managed the accounting records for accurate and timely preparation of monthly financial statements and submission to the management • Prepared order level contribution margin visibility of online stores & sub stores running at marketplaces including Amazon, Sears, eBay • Derived business strategies with the higher management based on accurate financial projections and visibility of ARPU, CPA & C.M • Increased order level profitability by 15% through the renewal of the ongoing contract with the shipping company and onboarding of a new delivery partner • Prepared supporting schedules and documentation to assist external auditors • Prepared monthly F.L. sales tax and FBR withholding tax payment and ensured its timely submission • Maintained supplier's cost validation reports and updated their outstanding balance along with the processing of timely payments due • Prepared monthly profit margin report of customized decoration orders along with business team commission computation & disbursement Show less
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Frontline Marketing
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Pakistan
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Advertising Services
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1 - 100 Employee
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Senior Finance Executive
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Oct 2012 - Feb 2016
Pakistan • Managed accounting records in QuickBooks, prepared and analyzed the financial statements for the management • Prepared real estate marketing projects feasibility report, project accounting with cashflow projections, and handled other assigned administrative tasks • Managed account receivable that resulted in improved revenue collection and curtailment of bad debts • Performed audit testing and also handled cash requisitions and their disbursement as per the SOP implemented •… Show more • Managed accounting records in QuickBooks, prepared and analyzed the financial statements for the management • Prepared real estate marketing projects feasibility report, project accounting with cashflow projections, and handled other assigned administrative tasks • Managed account receivable that resulted in improved revenue collection and curtailment of bad debts • Performed audit testing and also handled cash requisitions and their disbursement as per the SOP implemented • Worked with the external auditor for the smooth completion of the annual statutory audit • Verified daily expenses with source documents along with the maintenance of related monthly report • Reviewed system reconciliation of financial information and ensured the recording of all accounting transactions into accurate account heads Show less
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Al Shaheer Foods
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Pakistan
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Food and Beverage Manufacturing
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100 - 200 Employee
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Executive – Trade Operations
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Jul 2012 - Sep 2012
Pakistan - Handling daily accounting activities of the trade operations including the recording of sales and purchase record - Daily update of accounts payable and receivable statement and reporting it to the management - Preparing weekly accounts reconciliation statements of all export customers along with the documentation and follow-up of outstanding payments - Investigating returned export goods and preparing monthly balance sheet schedules along with the variance analysis - Reviewing… Show more - Handling daily accounting activities of the trade operations including the recording of sales and purchase record - Daily update of accounts payable and receivable statement and reporting it to the management - Preparing weekly accounts reconciliation statements of all export customers along with the documentation and follow-up of outstanding payments - Investigating returned export goods and preparing monthly balance sheet schedules along with the variance analysis - Reviewing and correcting data of ledgers, registers, journals, A/R, A/P related to the trade operations Show less
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Education
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ACCA
ACCA - UK, Accounting and Finance -
Karachi University
Bachelor of Commerce - BCom, Accounting