Tax Analyst
Column TaxSalary not specified
Full Time
Mid-level (3 to 4 years)
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Asset ManagementIndustries
Requirements
- Degree in Business, Accounting or Finance or equivalent
- 2+ years of experience in accounting, legal, investment management, brokerage, capital markets, or custody
- Documentation/compliance experience preferable
- Exposure to project management would be desirable
- Specific experience with the use of technology to improve efficiency of processes
- Comfort with general accounting/investment management concepts and systems
- Highly organized, strong attention to detail with ability to manage multiple work-streams with varied deadlines
- Strong Excel / database skills preferred
- Self-starter able to work independently when necessary
- Ability to work flexible hours on occasions due to interface with global colleagues
Responsibilities
- Ongoing monitoring of external custodial documentation reporting and ad-hoc documentation requests to address maintenance of critical BlackRock fund tax documentation
- Develop escalation protocols to resolve time-sensitive documentation issues
- Facilitate production, execution, recording and transmittal of tax-critical documents to custodians and third parties as required
- Assist in ongoing maintenance of various Tax data points within BlackRock’s Aladdin platform
- Complete periodic reconciliation of fund tax rate entitlements and reporting classifications in BlackRock systems against custodial systems and/or administrator systems to ensure alignment
- Take the lead in certain projects, to improve processes and efficiency, which can be global in nature
- Drive performance through identification and use of technology solutions to the Product Tax processes
- Administration of other regular and/or ad hoc MIS reporting as required
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the location for this Tax Analyst role?
The role is based in Budapest, and will be part of the Budapest office.
What are the key responsibilities of the Tax Analyst?
Key responsibilities include ongoing monitoring of external custodial documentation, facilitating production and transmittal of tax-critical documents, maintaining tax data in BlackRock’s Aladdin platform, reconciling fund tax rates, leading process improvement projects, and administering MIS reporting.
What skills or qualities are needed for this position?
The role requires the ability to interface with global colleagues, work flexible hours occasionally, drive performance through technology solutions, develop escalation protocols, and manage stakeholders internally and externally.
What development opportunities does this role offer?
The role provides opportunities to develop knowledge of fund level tax across numerous regimes, work across BlackRock business functions, understand various products, build technical tax knowledge, gain project management experience, and get exposure to senior management.
Is this a remote position, or does it require office presence?
This information is not specified in the job description beyond being based in Budapest and part of the Budapest office.
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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