About this role
This is an in-house tax oversight, coordination, tax accounting, and advisory role supporting the Private Markets Tax platform. This hire will help oversee tax compliance and advisory for the BlackRock’s private markets investment platform supporting the private equity, secondaries and hedge fund-of-funds solutions business lines.
Team Overview
The hire will report a Director in the Private Markets Tax team in New York. That Director reports to a Director (based in New York), who reports to the Global Co-Heads of Private Markets Tax (based in New York), who reports to the Global Head of Tax (based in New York). The role involves working with members of the Global Private Markets Tax team (based in US, EMEA and APAC).
Responsibilities
Private Equity, Secondaries and Hedge Fund-of-Funds Tax Role:
Lead and oversee the US tax compliance for certain private equity, secondaries and hedge fund-of-funds, which is prepared by external providers
Assist in overseeing the global private equity, secondaries and hedge fund-of-funds tax compliance alongside the EMEA & APAC Private Markets tax teams
Tax advisory and compliance input during deal tax due diligence and tax structuring on selected investments to be held by the funds
Support BlackRock’s client relations and sales and marketing teams with investor communications (including existing and potential investors), where necessary
Develop and monitor robust tax-related processes and procedures necessary to support each fund as the platform expands
Answer investor queries related to the taxation of covered products
Calculating and/or reviewing tax distributions, tax clawbacks, tax waterfalls, and other tax amounts
Private Markets Tax Team Work:
Work within the Private Markets Tax Team to increase efficiencies and establish best practices and ensure that tax policies are adhered to and applied consistently across various products
Assisting with significant Private Markets Tax projects, guidelines and policies across various business groups
Monitor key tax legislative developments that are of relevance to Private Markets and the supported businesses, and keep stakeholders updated on these developments
Requirements
Bachelor’s Degree in Accounting or related field (CPA preferred)
5+ years of tax accounting experience in the investment management industry with emphasis on alternative products, with 7+ years of experience preferred
Previous experience with an asset manager or Big 4 accounting firm
Proficient in the taxation of investment partnerships and carried interest, including calculation of tax waterfalls and tax allocations
Proficient in taxation of blocker corporations
In depth knowledge of US tax compliance
Prior fund-of-funds tax experience is not required, but is a plus
Aptitudes
This is a high exposure role, involving much direct contact with the BlackRock private markets business lines and some with end clients. The product range is often highly challenging in tax technical terms.
Accordingly, it is important that the role holder:
is able to communicate complex tax issues clearly and concisely, in a manner targeted at a wide range of different audiences
has the interpersonal skills to work effectively within a large in-house tax team and with cross-border teams and multidisciplinary business and project teams
is highly organized
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.