PHUONG KHONG THI

Chief Accountant – Sunshine Edu /Sunshine Group | 06/2025 – Present

• Direct full-scope financial operations, management accounting, tax compliance, and system-wide liquidity across the school network.
• Restructured accounting department and established financial policies, optimising cash flow and ensuring uninterrupted operations.
• Prepared consolidated financial statements and management reports, ensuring compliance with regulatory requirements for the parent group.
• Oversee financial setup and cash flow allocation for new expansion projects, including international kindergartens and K-12 inter-level school campuses.

Managed system comprising six K-12 campuses and one international inter-level school.

Secured socialised certificate approval for three campuses.

Financial & Accounting Assistant to the Vice President | 06/2025 – 02/2026

• Cash Flow Management: Control and coordinate intercompany cash flows across legal entities within the management group.
• Payback Period Reporting: Prepare payback period reports for investment projects, evaluate loan, and optimise capital utilisation efficiency.
• Controlled system-wide operating budgets and coordinated cash flow distribution across active units.
• Inspected and supervised K-12 school operations under direct mandate from the Vice President, ensuring strict adherence to internal control standards.
• Evaluated business plans, budget feasibility, and financial policies submitted by the System CEO to deliver actionable insights to the Board of Directors.
• Established relationships with government bodies to secure tax incentives and benefits for the school network.

• Managed financial strategy, tax compliance, and statutory reporting for socialised education entities, optimising enterprise tax incentives.
• Developed annual budgets and controlled operational expenditures, conducting financial analysis to identify and address inefficiencies while maintaining educational quality.
• Led and mentored accounting team, establishing cross-departmental workflows with HR and Academic Affairs to enhance financial administration.
• Formulated tuition structures, billing schedules, and financial aid policies to drive enrollment while ensuring revenue predictability.

Facilitated approval process for certificate at designated campus

Managed tax accounting operations for compliance and accuracy.

• Represent the Company and its subsidiaries in tax audit finalisations and working sessions with Tax Authorities within authorised limits.
• Serve as Chief Accountant for two group subsidiaries, overseeing full tax operations and compliance.
• Formulate strategic tax plans for VAT, Foreign Contractor Tax (FCT), PIT, and CIT across operations.
• Supervise two tax accountants to ensure accounting ledgers are accurate, complete, and fully compliant with state regulations and company policies.
• Ensure timely and accurate filing of periodic VAT, FCT, PIT declarations, financial statements, and annual CIT tax settlements.
• Advise group entities on tax risks, manage tax compliance for direct projects, and lead onboarding/training for new accounting personnel.

Group network comprising up to 12 direct subsidiaries and others joint ventures, associates, project; consolidated annual revenues of VND 3–4 trillion.

Directed financial operations to maintain accurate reporting and compliance.

Oversaw loan application packages and managed debt financing of VND 300–400 billion, consolidating financial statements for the Group with over 20 subsidiaries and affiliated entities.

• Prepare standalone and consolidated financial statements in accordance with VAS, regulatory requirements, and corporate standards.
• Coordinated with external audit firms to review data and finalise annual audited standalone and consolidated financial reports, ensuring compliance with regulatory and corporate standards.
• Manage commercial banking relations to prepare loan packages, debt refinancing, and credit extension documentation.
• Oversee financial reporting for four directly managed subsidiaries/projects and provide operational guidance to other group units.
• Plan and coordinate intercompany cash flows and disbursement operations based on operational needs and executive mandates.
• Direct and mentor two financial accountants handling subsidiary operations.

Implemented internal controls for accurate transactional data recording.

• Enforce internal controls to guarantee accurate, complete, and timely recording of all transactional data.
• Authorize disbursement and payment requests within delegated financial approval limits.
• Negotiate with customers and suppliers regarding contract execution, Accounts Receivable/Payable management, and credit terms.
• Liaise with group subsidiaries and cross-functional departments to streamline inter-departmental accounting workflows.
• Manage and supervise a team of three internal accountants.

• Tax Accounting: Audit fee bills, invoices, and input expenses; manage revenue allocation and execute periodic tax declarations.
• Catering Ledger Management: Maintained food and catering accounting ledgers in compliance with Department of Education regulations, supporting accurate financial reporting.
• Payment & Budgeting: Managed disbursement operations and prepared activity budgets for student events, ensuring effective allocation of resources.
• Insurance Administration: Processed student health and accident insurance enrollments and handled school fee refunds, streamlining student financial support processes.
• Operations Support: Support cashiering operations and oversee the distribution of uniforms and student supplies.

Managed accounts receivable tasks, including enforcing credit control policies to mitigate bad debt exposure.

• Enforce credit control policies to manage customer credit limits and mitigate bad debt exposure.

Prepare and submit monthly/quarterly VAT, Foreign Contractor Tax (FCT), and Corporate Income Tax (CIT) filings in full compliance with tax regulations.

• Oversaw tax compliance processes to ensure adherence to relevant regulations and minimise risk.
• Audit disbursement packages and payment vouchers to ensure adherence to corporate financial policies.

Ensured compliance with payment controls

• Prepare periodic revenue schedules, output volume reports, and Accounts Receivable aging analysis for group management reporting.
• Monitored vendor liabilities to maintain outstanding balances within approved credit limits, safeguarding company financial health.

Maintain the corporate fixed asset register and ensure capital expenditure and asset utilization comply with Vietnamese Accounting Standards (VAS) and statutory regulations.

• Maintained fixed asset records