Director, Product Tax at BlackRock

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Part TimeJob Type

UnknownVisa

Asset Management, Private Markets, Financial ServicesIndustries

Requirements

Experience working in practice, either at a law firm or a Big 4 accounting firm

Responsibilities

Advise on new product tax work, including fund structuring, development of product strategies, tax structuring and review of documentation, as well as ongoing tax oversight for the fund complexes and vehicles associated with those businesses
Advise on tax matters concerning investment acquisitions, underlying investment structures and strategies, and related transactional documents
Communicate with investors and underlying investment sponsors regarding tax requests and queries, as well as engaging on tax provisions in legal documents
Assist BlackRock’s client relations and sales and marketing teams with client communications (including potential investors)
Liaise and collaborate closely with members of the global Private Markets Tax Team responsible for covering the business lines above in their respective region
Assist with oversight of EMEA tax reporting compliance work outsourced to external advisors
Support product development teams in evaluating and developing new products with insightful and practical tax input
Undertake necessary tax due diligence and setup needed for new fund launches and investments, with support from team colleagues as required
Monitor tax technical developments affecting these funds, and respond as necessary
Build robust practices and efficiencies with respect to tax policies and operational processes
Provide hands-on tax support to the BlackRock private markets business areas
Provide oversight and input on documentation and tax due diligence on selected investments to be held by the funds, and work with the business team and external advisors to mitigate any identified tax risks
Structure investments and investment holding structures, and understand the overall impact of fund structures
Review and negotiate legal documentation for such transactions with legal and tax advisors
Provide oversight of Big 4 and law firm deal teams advising on such transactions
Monitor domestic and international tax laws and advise on the impact on investment structures
Assist in development of robust tax-related processes and procedures as the platform expands
Work with the wider Product Tax team on matters arising which impact BlackRock’s broader product offering

Skills

Tax Advising

Tax Structuring

Tax Due Diligence

Fund Structures

Legal Documentation Review

International Tax Laws

Private Equity

Private Credit

Hedge Funds

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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