Tax Associate at BlackRock

Budapest, Budapest, Hungary

BlackRock Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Asset ManagementIndustries

Requirements

  • Degree in Business, Accounting or Finance or equivalent
  • 4+ years of experience in tax, accounting, investment management, brokerage, capital markets, or custody
  • 2+ years of people management preferred
  • 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
  • Act as a cultural ambassador and mentor to other colleagues in the Budapest office

Skills

Aladdin
Tax Documentation
Tax Compliance
Data Reconciliation
Custodial Reporting
Process Improvement
Escalation Protocols
Regulatory Compliance

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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