About this role
Introduction
Due to recent expansion in BlackRock Private Markets, a new role is being created for a permanent hire in Budapest to join their Private Markets Tax team. Private Markets Tax is responsible for all tax matters including tax compliance and strategy around BlackRock's Private Markets fund products. The team currently comprises 35 staff in total and is co-led by two managing directors based in New York.
Role description
This is an in-house tax compliance role and is responsible for supporting the global Private Markets tax compliance function across multiple business groups with a focus on EMEA tax jurisdictions. This person will report to a Vice President ("VP"), based out of London, who is responsible for overseeing all EMEA-based tax compliance matters. The role will primarily support this VP, other members of the global Private Markets Tax Team (based in US, EMEA, and APAC), key stakeholders within BlackRock, and liaise with external tax service providers.
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Key responsibilities
- Assist in coordination of tax compliance engagements across multiple tax service providers and tax jurisdictions
- Coordinate with fund accounting to ensure tax payment instructions from external tax providers and tax assessments are executed by prescribed deadline(s)
- Manage processing and remediation of tax notices with tax service providers
- Ensure tax filings, notices received, and other tax documentation are properly organized, documented and stored within enterprise repositories
- Assist with coordination of Value-Added Tax ("VAT") compliance across Private Markets entities and gain familiarity with general VAT mechanics, various regime rules and their respective requirements
- Drive tax-related processes and track relevant tax data around legal entity formation(s)
- Maintain tax compliance tracker(s) and tax filings data to support tax provider engagements and management of their deliverables.
- Coordinate tax provider billing matters, including: processing of budget requisitions for tax services, submission of vendor invoicing and review of services/amounts invoiced within BlackRock's vendor management system
- Assist with wider ad-hoc tax compliance matters, including the preparation of tax forms, self-certifications and other tax documentation
- Assist with tax transformation and technology projects that seek to drive efficiencies and improve tax operations
Skills and experience - required
- University degree, with a preference in business or related disciplines
- At least 1-3 years of working experience in an accountancy firm or internal tax function
- Proficient with Microsoft Office applications
- Project management experience
- Tax operations experience
The following would be advantageous, but are neither required nor expected of candidates:
- General knowledge and understanding of asset management business and operations
- General knowledge of tax concepts relevant to European jurisdictions
- Basic understanding of financial statements or accounting principles
- Tax technology experience, and an interest in AI-enabled technologies
Aptitudes
This is a role that involves coordination and collaboration with many internal and external partners. The ideal candidate:
- has strong interpersonal skills and is able to work well in a global team environment and with multiple internal and external stakeholders
- is inquisitive and has strong attention to detail
- is a self-starter, highly organized and proactive
- is able to perform effectively in fast-paced environments juggling multiple deadlines and workstreams
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.