Vice President, Private Markets Tax

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

For New York, NY Only the salary range for this position is USD$137,500.00 - USD$194,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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