Amrish Pandya

Phone: +91 9867353335
E mail: amrish.pandya@ymail.com
LinkedIn: https://in.linkedin.com/in/amrishpandya

Amrish Pandya

Training

• IFRS from Association of Chartered Certified Accountants (ACCA - U.K.), Mumbai - 2012
• Analyses of Tax Treaties and Transfer Pricing from Foundation of International Taxation (FIT), Mumbai - 2012
• Principles of International Taxation from International Bureau of Fiscal Documentation (IBFD), Malaysia – 2010

Career Summary

Result-oriented professional with 12 years of experience in Finance, Accounting, Treasury Management, Direct Taxation, Indirect Taxation, International Taxation across India & overseas. A high impact change agent with a significant capability to identify initiatives and facilitate action- driven plans to support financial growth and objectives.

Deep involvement in key decision-making in adherence to financial regulations, history of scaling business for stable profits, setting stage for growth by ensuring issuance of fiscal and business decisions to boost cash flow:
- Recognized with Euro 56 Million in taxation saving by performing critical reviews of contracts before finalizing and ensuring nil litigation risk
- Won INR 39 Million by arguing 6 years direct & indirect tax assessments
Strong capability to rapidly navigate through emerging challenges by taking a lead role in developing & solutioning strategic business and financial plans. Acted as an integral part of GST Implementation process in coordination with Big 4 Statutory Tax Consultant spanning Deloitte, EY, PWC &In-house Tax Team and internal stakeholders for designing and integrating GST legislation in to the SAP system.

Strong capability to rapidly navigate through emerging challenges by taking a lead role in developing & solutioning strategic business and financial plans.

Critical Strengths &Competencies
Financial Management Accounting Internal Control

Statutory & Internal Audits
Working Capital & Treasury Management GST, VAT & Service Tax System Implementation

Tender Management Transfer Pricing & DTAA Analyses Team Building & Leadership


Risk Management MIS Management Budget Control


Career Timeline


Notable Accomplishments Across the Career
• Exhibited tenacity in providing integral inputs towards business sustainability and tax mitigation initiatives by MD and CFO
• Steered efforts in reducing VAT costs by Euro 21.5 Million by obtaining lower WCT order ensuring no litigation risk
• Executed offering unutilized Service Tax CENVAT Credit of INR 186 Crores (appx. USD 29 Million) under protest against ongoing High Court Case to mitigate possible interest & penalty costs
• Successfully Registered lower WHT orders for over 60 non-resident tax protected subcontractors which led to 6% saving on saving on entire subcontracting value
• Procured Euro 20 Million in savings by liaising with import/export agents and DGH authorities to eliminate costs associated with custom duties, again with No Litigation risk
• Aggressively negotiated rental for office relocation and saved INR 20 Million through the process
• Modified & recruitment policy by minimizing skilled talents turnover and losing to competitors

Professional Experience

Since Jun’17 with Afcons Infrastructure Limited, Mumbai, India as Consultant – Accounts Controller
Heading the team of 16 direct reporting based in HO and various site locations in India, Asia, Gulf and Africa
Projects Executed:
LEWPP 1 & 2 Client ONGC Off-Life Ext of Works Platform (LEWPP) USD 402 Million
Kuwait Ministry of Public Works Road & Bridges across city USD 317 Million
Zambia Local Govt. & Housing – Improving Road Infrastructure USD 290 Million
Tanzania Ministry of Water - Ext of Lake Victoria Pipeline Network USD 55 Million
Guinea Ministry of Mines & Geology Port Material Handling USD 56 Million

Responsibilities:
• Analysing contractual agreements and standardizing accounting policies for statutory & management reporting
• Raising milestone based revenue invoices & receivables follow-ups in coordination with Project Operations Team
• Monitoring project payables, monthly accruals, site locations and capital & operational funds indents
• Formulating annual budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions
• Working as an Internal Auditor at site, checking site accounting, approval process and ensuring documents control
• Assessing monthly turnover and comparing with certified bill from client
• Scrutinising& reconciling monthly ledger and controlling advances to staff, supplier and subcontractors
• Clearing all statutory payments viz. GST, TDS, WCT-TDS, Profession Tax, Service Tax, VAT
• Exhibiting International Taxation and liaising capabilities by:
o Coordinating with local consultants for conducting statutory audit for Contracting and Joint Venture (JV) entities
o Interfacing with client for obtaining Tax Exemption Certificates from VAT, Corporate Tax, Excise & Customs Duty, Payroll Tax, Employees Pension scheme and all other local levies
o Preparing Transfer pricing analyses and supporting documents for India and African countries for related party transactions
o Opening Bank accounts from remote location, negotiating charges on bank guarantees and routine transactions


Mar’07-May’17 with Allseas Engineering B.V.
Reporting to CFO – Switzerland
Mar’07-Aug’11 Allseas Marine Contractors, Delft, the Netherlands as Senior Tax Analyst
Sep’11-Apr’16 Allseas India Engineering, Mumbai, India as FA & Tax Manager
May’16-Apr’17 Allseas Retainer, Mumbai, India-Taxation & Financial closeouts activities

Offshore EPC Projects:
• KGD 1-3 Client Reliance India Limited Scope Subsea Pipe-lay at East coast of India, Project of 1.2 Billion Euro
• Noble Tamar with the Oil Authorities of Israel worth Project cost 460 Million Euro
• Vessel Building project with Daewoo Engineering – South Korea

Key Result Areas:
• Monitored team of 12; identifying strategies for building team effectiveness by promoting a spirit of cooperation between team members
• Instituted monthly financial results and reporting process for multiple lines of business including detailed reporting analysis at the portfolio and consolidated level
• Created culture of innovation and continuous process improvement, drove expanded system capability
• Liaised with Business Development Team in assessing the potential financial investments in the new projects entailing financial feasibility study, submitting EOI, participating in bidding process, tender discussion until financial/tax closeout for Offshore and Onshore Oil & Gas EPC projects
• Attended to legal challenges by mapping current and proposed legislation, enforcing accounting regulations and recommending new procedures
• Coordinated with Big4 Tax Advisory in forming offshore entities
• Analysed Capital Expenditure CAPEX & OPEX in terms of financial viability
• Directed the treasury functions along with AP, AR, funds & risk management, contract evaluation, payments in foreign exchange, satellite operation unit, monitoring internal controls
• Monitored revenue and expenses, collection, consolidation, and evaluation of financial data
• Administered intercompany agreements & transactions, compiling information, filing transfer pricing reports and replying & representing notices
• Interacted withProject Operations and client on milestone invoicing, payment schedule and tax deduction certificates
• Steered efforts in attaining & renewing lower withholding tax orders from concerned authorities on corporate income tax under special category, goods tax & subcontractors tax
• Arranged short &long-term facilities in coordination with banks and financial institutions, negotiating interest, margin money and bank guarantee costs
• Took part in:
o Project insurance with local & international underwriters
o Project price bid for international projects
• Coordinated with Big 4 Audit & Tax Advisory (E&Y) for meeting monthly, quarterly and period-end due diligence and compliance at India, Israel, South Korea and Switzerland
• Acted as integral point contact for India entity for Finance, Taxation, Accounting Audits, Legal, HR & Admin and all commercial matters
• Coordinated with all HR contacts concerning individual compensation issues
• Worked as Worked as Head Tax & Compliance for the KGD 1-3 Offshore EPC Projects with Reliance Industries Limited (1.2 Billion Euro)
• Shouldered the responsibility of:
o Direct Tax - corporate income tax calculations, deferred tax accounting, tax returns filing, TDS compliance, tax audit, tax assessments, appeals, appellate matters, transfer pricing audit, India and expatriate employee taxation
o Indirect Tax – service tax, goods / VAT compliance, registrations, returns, assessments and appeals; works contract CENVAT computation, maintaining set-off register, records and documentation; attending notices & assessments
o International Tax – Transfer Pricing compliance in India, Switzerland, Belgium; analyzing DTAA for Vessels and Manpower Contracts. Responsible for Direct & Indirect Tax compliance for the projects in Israel and South Korea
• Liaised with Project Operation, Legal, Logistics, Procurements & Contracting Teams on meeting statutory obligations
• Validated each invoice from tax audit prospects and company’s exposure on foreign subcontractors
• Represented company before court, followed up on pending cases with reference
• Met statutory compliance under expatriate and local payroll tax, WHT on vendors payment, filed periodical WHT returns and issued WHT / TDS certificates


Previous Experience

May’05-Mar’07 with Clough Engineering Ltd., Perth, Australia as Sr. Finance Manager-Reported to CFO
Jan’02-Apr’05 with Cairn Energy Pte Ltd., Rajasthan, Chennai as Sr. Finance Associate -Reported CFO
Apr’96-Dec’01 with Prestorise Intertrade as Manager Finance (SE-Asia), Hong Kong, Thailand-Reported to MD
Mar’92-Apr’96 with Hitech Drilling India Ltd., Mumbai, India as Executive F&A, Reported to Head F&A
Oct’89-Feb’92 with Garware Nylons Limited, Mumbai, India as Officer Accounts Reported to Head Finance
Jun’86-Sep’89 with Heerema Marine Contractors, Mumbai, India as Accountant Reported to Country Manager

Education & Credentials

Personal Details

Date of Birth:16th December 1966
Languages Known:English, Gujarati, Hindi and Marathi, Thai & Dutch
Nationality: Indian
Passport Validity: Jan 2028
Address:D7, Plot 524, Sector 5, Charkop, Kandivali (West), Mumbai –400067, India