Muhammad Omer Farooq

Finance Lead - Global Operations at PureSquare
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Contact Information
us****@****om
(386) 825-5501
Location
Karāchi, PK

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Experience

    • Virgin Islands, British
    • Computer and Network Security
    • 100 - 200 Employee
    • Finance Lead - Global Operations
      • Jan 2021 - Present

    • Pakistan
    • IT Services and IT Consulting
    • 400 - 500 Employee
    • Finance Team Lead
      • 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

    • Senior Accountant
      • 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

    • United States
    • IT Services and IT Consulting
    • 1 - 100 Employee
    • Senior Financial Analyst
      • 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

    • Pakistan
    • Advertising Services
    • 1 - 100 Employee
    • Senior Finance Executive
      • 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

    • Pakistan
    • Food and Beverage Manufacturing
    • 100 - 200 Employee
    • Executive – Trade Operations
      • 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

Education

  • ACCA
    ACCA - UK, Accounting and Finance
  • Karachi University
    Bachelor of Commerce - BCom, Accounting
    2008 - 2010

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