Global Tax Planning - Assistant Vice President

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Job Title: Global Tax Planning, Assistant Vice President

Description:

We are currently seeking an Assistant Vice President of Tax who will report directly to the Vice President responsible for Blackstone’s Regulated Investment Companies and to the Managing Director of Credit Tax. This position assumes ownership of a wide range of functions including tax research, planning, diligence, and compliance primarily related to credit focused Regulated Investment Companies.  Specific emphasis on the following:

• Deal-by-Deal Analysis:                              

U.S. vs. non-U.S. QII application and income sourcing, adherence to investment guidelines, Subchapter M considerations, portfolio company tax diligence, state and local income sourcing, and material debt modifications

• Active Involvement with Non-Tax Teams:

Investor Relations, Private Wealth Services, Accounting, Business Development, New Product Creation, Legal, Deals/Investment Teams, Treasury, and Valuations

• Preparation of and/or initial review:

Quarterly and annual RIC qualification tests, tax characterization forecasting of BDC monthly and quarterly distribution payments, offshore investor tax distribution estimates and communications, year-end shareholder reporting (E&P, Interest-Related Dividends, ICI Spreadsheets, Forms 1099, and Forms 1042-S), BDC tax workpapers and disclosures supporting various required SEC (10-K, 10-Q, Annual, and Semi-Annual) and tax filings (Federal, Excise, State, and Local)

• Valued Tax Advisor:

Engage in open dialogue with tax VP in order to collaborate, diligence, and problem solve various tax related hurdles, issues, or concepts as a team. Owning new opportunities and special projects. Educating non-tax, tax, and other non-BX third-parties on RIC/BDC and RIC/BDC related tax concepts.

Qualifications:

We are looking for a motivated, diligent, and hard-working team player to work with existing Vice President of tax. Candidate should be organized, eager to learn, exhibit strong interpersonal skills, and ideally:

• Must have 4+ years tax experience from Big4 or relevant industry
• Must have Regulated Investment Company experience
  • Must be proficient with asset diversification test, gross income test, fiscal and excise distribution requirements, 10-K/Annual filing tax footnote disclosures, and the 1120-RIC and 8613 returns
  • Understands the implications of investing in a RIC for taxable, tax-exempt, and non-U.S. investors
  • BDC experience is a benefit, but is not required
• Should be familiar with tax concepts associated with investing in debt instruments
• Must be motivated, well organized, and have a high attention to detail
• Displays strong communication and interpersonal skills
• Possesses strong Excel skills
• Alteryx or other software proficiency is a plus, but not required

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$125,000 - $185,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with