Head of Tax

About Company

ENNOVI, a Mobility Electrification Solutions Partner, is a world leader in designing and manufacturing customized interconnect and high-precision system solutions for electric vehicles. The company is fully dedicated to the mobility market with the agility to act at speed in realizing EV OEMs’ needs, from product, process, and manufacturing, on a global level. ENNOVI is accelerating EV market customers’ ideas and requirements through end-to-end competencies in battery systems, power and signal interconnect needs. Headquartered in Singapore, ENNOVI has more than 8,000 employees across 15 locations globally, where all its activities are socially responsible, with minimal environmental impact. ENNOVI. Electrify faster. Learn more at

www.ennovi.com.

Ennovi is an equal opportunity employer in conformance with all applicable laws and regulations to individuals who are qualified to perform job requirements. The Company administers its personnel policies, programs, and practices in a non-discriminatory manner in all aspects of the employment relationship, including recruitment, hiring, work assignment, promotion, transfer, termination, wage and salary administration, and selection for training.

Why Join Us

At Ennovi, we envision a future of electrification and innovation and strive to create an inspiring workplace where our employees are integral to shaping that future. We offer a dynamic, collaborative and inclusive culture that encourages continuous learning, professional growth, and a sense of purpose. As a part of the Ennovi family, employees experience the excitement of being at the forefront of cutting-edge technologies and contributing to a sustainable future.

Our commitment to the transformation is epitomized by our five pillars: Speed, Innovation, Best Talent, Global Reach, and Sustainability. This entails navigating exponential market changes through agile structures, fostering innovation across all aspects of our business, strategically expanding our global footprint, championing sustainability initiatives and nurturing a winning team.

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Job Summary

Planning and management of the Ennovi/Interplex Group’s taxation matters with the objective of lawfully minimizing direct and indirect tax expenditure and erosion of operating profits due to leakages, penalties or cost of non-compliance. Joint objectives with Corporate Treasury to ensure optimal funding structure and gearing for all group entities, expeditious cost-effective repatriation of surplus cash to Corporate HQ and ultimately to shareholders. Ensure timely reliable financial reporting of taxation expense and Balance Sheet position.

Working relationships

Senior line management, corporate finance team, regional and site line and finance management, other head of functions. Externally with tax advisors and relevant tax and statutory authorities

Main Responsibilities

A. Treasury and Tax Joint Objectives

1. Optimize group liquidity by enabling timely cost effective and compliant domestic and cross border movement of funds to meet business needs and repatriation of surplus cash from the operating companies to Corporate HQ and shareholders. Minimize overall cost of ownership including cost of funds, tax cost and transactional costs.
2. Optimize intra-group capital structure and gearing for all subsidiaries to ensure flexibility in capital repatriation, total cost minimization (financing, tax, transactional) and compliance to relevant laws and regulations. In this connection, review intercompany non-trade related balances and external borrowings and recommend changes for treasury and tax optimization, and regulatory compliance.
3. Tax expenditure and ETR optimization through proper planning and implementation of fiscal recovery, tax and treasury structures both short and long term, and securing/maintaining tax incentive programs.
4. Maximize cash flows through proper management of tax payments and/or recoveries including securing lawful deferrals and timely recovery of advances or over payments (e.g. VAT).
5. Establish Beneficial Ownership for the Group’s investment holding companies to facilitate application of concessionary withholding tax rates under applicable tax treaties during repatriation of dividends from operating subsidiaries abroad.

B. Governance over Tax Function

1. Maintain and evolve Group’s Financial Procedures, Supplementary Financial Procedures, Delegation of Authority (aka Authority Limit Matrix) and other guidelines in relation to taxation and treasury to ensure the operating effectiveness and efficiency of the tax function.
2. Maintain and evolve the Taxation RACI Matrix and tax organization to meet business needs and complexity.
3. Establish and publish performance metrics in relation to tax compliance (e.g. timeliness of filing) and tax effectiveness (e.g. management ETR vs statutory rate, etc.)
4. Establish and maintain a tracking register of Tax Compliance status of all Group entities.
5. Lead global tax community to strengthen governance, technical competencies and knowledge sharing.

C. Compliance & Reporting

1. Ownership of all ongoing tax compliance matters and issues across Group companies, including exposures (recorded and unrecorded) and controversies. Maintain a register on known exposures and controversies.
2. Complete tax compliance requirements including status of income tax filings, country-by-country reporting, transfer pricing documentation, master files, local files, withholding tax compliance, treaty compliance, incentive renewal and compliance, indirect tax compliance, etc. with an initial focus on Singapore, China, ASEAN, Mexico, expanding to other regions (US, Europe).
3. Assess tax controversies and prepare position papers on risks, defense mitigation, contingency provisions.
4. Oversee the preparation of tax returns for Singapore entities (including parent co).
5. Monitor and support China Taxation matters including ongoing compliance, planning and controversies.
6. Ensure reliability of financial reporting with respect to recognition of tax expense in accordance with IFRS, balance sheet position and disclosures by maintaining key controls over financial reporting (KCFRs) and ensuring operating effectiveness at all times. Timely remediation of ineffective controls.

D. Tax Optimization

1. Defend and maintain CIT Tax Incentive status in China under the HNTE program.
2. Complete implementation of EPT Corporate cost charge down to operating companies, in particular defense documentation to ensure deductibility of the charges and scrutiny under tax audit.
3. Complete structure planning and implementation of tax effective cost recovery structure other corporate cost centers, such as Germany, Plating Lab, TIC China, etc.
4. Lead and implementation and administration of BEPs Pillar 2 (effective for Group from FY2025).
5. Assess opportunities for further tax optimization in the short and medium term including deductibility for expenses that are currently not tax effective and country specific incentive programs.
6. Support M&A projects (when needed) regarding tax topics
7. Support new business development and/or evolution in operating structure of the group, e.g. review of major RFQ, bids or contracts, or evolution of transfer pricing and operating model of manufacturing entities.

Qualifications

1. Bachelor or Master’s Degree in Accounting, Finance or Related Field.
2. Over 10 years of experience in similar positions, preferably in Manufacturing industry
3. Experience in China tax, especially in HNTE is a must
4. Proficient in SAP, Microsoft excel and Microsoft Power Applications/data analytics
5. Fluent and proficient in written and spoken English. Strong communicator to effectively communicate with business partners and stakeholders