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Passionate about investing

Broadgate meets: Kitvaris Phisutbovornpong

3 May 2013

Khun Kitvaris Phisutbovornpong, known as Num, works for Broadgate Financial as our Finance Manager.   I the had pleasure of spending time with Khun Num to find out more about him.

Q:   Tell us a bit about yourself?

A:   I am from Bangkok so I have always followed my education here. I hold a Bachelor’s degree in Accounting from Bangkok University. Since then, I have been working for 18 years in accounting, finance and tax mainly as an accountant and today I am working as the Finance Manager of the Broadgate Financial Group.

Q:   Why did you choose to study Accounting, Finance & Tax?

A:  My whole family is working within Accounting, Finance & Tax from my grand mother to my sister! So I have to say that it is in our blood!

Furthermore, when I was younger, my father told me once that every company needs an accountant and I didn’t forget that! It is true that it’s one of the rare sectors where there will always be a demand.

I believe to work as an accountant you need to fulfil some requirements such as being conscientious, honest and trustful which are also in-line with my Buddhist practice.

Q:   Why did you decide to join Broadgate Financial?

A:   Joining a foreign company is a great opportunity for me. It gives me a new experience and perspective of work. Furthermore, it is really exciting to help the development of a young company in an emerging market.

Q:  What are your main responsibilities at Broadgate Financial?

A:  As Broadgate Financial is still a young company, I am running many different tasks ranging from corporate finance, tax regulations to accounting:

  • Treasury Management.
  • Budgeting and Forecasting.
  • Tax legislation.
  • Bookkeeping.
  • Accounts Receivables/ Payables/ General Ledger.

Q:  Do you have any advice or tips for anybody looking to pursue a career in Accounting in Thailand?

A:  Thailand has issued in 2010 an Accounting Act standardizing business accounting practices within the country. Thus, you definitely need to get a qualification to pursue a career within this sector: a Bachelor’s degree in Accounting can be one as well as becoming a Certified Public Accountant (CPA).You need to know too that experience is a success key so you need to practice a lot! You may have to start at an entry level such as a Bookkeeper but career development is great in this sector and you might end up one day as a Chief Financial Officer (CFO).

Finally, I truly believe that it has to be a vocation: you need to be willing to work for a company as its accountant in order to protect its interests. That’s why values such as trust, transparency and reliability have to be important for someone willing to pursue this career.

Kitvaris Phisutbovornpong

Q:   How do you see Thailand in the next 10 years?

A:  Thanks to its great development, the World DataBank upgraded Thailand in 2011 from a lower-middle income economy to an upper-middle one. Indeed, it made great improvement regarding its Gross Domestic Product (GDP), Gross National Income (GNI) and GINI coefficient (inequality measure) for 10 years and showed especially a great recovery after the 2011 floods. Furthermore, the ASEAN Community is going to be launched in 2015, creating a new attractive market trade for all the members but as well the foreign investors. So I truly think Thailand is going to achieve a great development for the next 10 years.

I hope as well that poverty will continue to reduce. It seems to be in a good way as the Poverty headcount ratio at national poverty line (% of population) reduced from 16.9% in 2010 to 13.2% in 2011.

Q:  What are you passionate about?

A:   When I am not at work, I spend a lot of my time helping elderly people. I am practicing Dao De Xin Xi, a modified short form of Tai Chi Chuan. It consists of only 9 movements (instead of more than 1000 in the Tai Chi Chuan complex form) that enhance the balance of people and especially elderly ones in order to prevent them from falling and includes as well some meditation. I have been practicing it for 3 years now every week and we organize regular meetings in order to practice within a group.  I do think that it is as well a real philosophy of life based on living in a healthy way and helping other people.  Which is also  Broadgate’s ISR (Individual Social Responsibility) principle.

Benedicte Ciotti
Support Officer
benedicte@broadgatefinancial.com

The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official position of The Broadgate Financial Group.