Umer Farooq

Experience

• 

  Tariq Abdul Ghani Maqbool & Co.

  May 2011 - Sept 2015

  Lead the team responsible for:• Preparation and filing of income tax returns for companies, AOP’s and Ind.• Preparation and filing of sales tax returns for companies, AOP’s and sole proprietorships• Dealing with withholding tax compliances and audits• Assisted mentor in preparation of tax appeals and tax opinions Under the supervision of qualified mentor, experienced and applied:• Audit planning, risk assessment and execution of audit procedures• Discussion with clients regarding the issues highlighted during assignment• Assisted in preparation of audit report• Preparation of management letter identifying control weaknesses and suggesting improvements• Assisted in preparation of tax returns and withholding tax compliances• Compliance of tax notices with regulatory authorities

  • Assistant Manager Taxation

    Dec 2014 - Sept 2015

  • Audit & Tax Associate

    May 2011 - Nov 2014
• 

  Al-Fatah Shopping Malls

  Oct 2015 - Nov 2024

  • Responsible for all financial operations of the company, reporting to CEO and Board• Managing 60+ financial staff ensuring that organization and department expectations are met• Organized and re-structured the Finance Department evolving seven sections• Established the mechanism for monthly reconciliations, financial and stock closing • Improved the whole accounting system through proper ERP implementation, ERP customizations, process improvements, staff training and preparation of accounting manuals• Developed operational budgets and analyzing monthly variances• Extended the financial accounts preparation at detailed level including revenue centres, department and revenue centres/ department wise• Automization of complete payroll process including input in attendance system• Automization of payment process for around 10,000+ transactions monthly Show less • Developed and lead Internal Audit Department• Lead the team for monthly financial audits• Established the mechanism for routine pre-audits• Organized a separate audit section for complete physical audit• Trained retail staff and implemented cycle counting process• Assessed controls over financial & inventory affairs and proposed improvements• Achieved significant improvement in IRA through stock audit cycle and implementation of certain controls• Presenting audit reports to the Chairman and CEO Show less

  • Chief Financial Officer

    Mar 2019 - Nov 2024

  • Chief Internal Auditor

    Jan 2018 - Feb 2019

  • Manager Internal Audit & Compliance

    Dec 2016 - Dec 2017

  • Manager Taxation

    Oct 2015 - Nov 2016
• 

  Retail Pulser

  Sept 2022 - now

  Chief Executive Officer