Tax Manager (Fund Administration) - Associate at BlackRock

Dallas, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Private Equity, Private Credit, Fund AdministrationIndustries

Requirements

CPA qualification preferred but not required
Private equity knowledge preferred
An understanding of fund/group structures (international structures a plus)
Extensive working knowledge in a similar environment, ideally financial services
Understanding of financial reports, NAV reports, and partner cash flows would be an advantage
Experience with FIA (Front Invest Analytics) ideal, but not required
Excellent working knowledge of accounting databases/running reports
Competent user of MS Excel and other MS products
English language skills (fluent – oral and written)
Team player and self-starter
Forward thinking, creative, efficient, with a level of business acumen
Excellent organizational, analytical, business communication and interpersonal skills
Flexible team player but equally able to work independently and with minimal supervision

Responsibilities

Support clients’ tax compliance process on an annual cycle, primarily in the US and Canada, but supporting other jurisdictions as required
Handle relationships with external tax preparers including driving timetables for deliverables and fulfilling information requests
Support clients’ reporting requirements, including annual Returns (e.g. US 1065s, 1120s, 1120-Fs, 1042s, 8804s, 1099s, Canadian T1135s etc.) as well as investor deliverables (e.g. K-1s, T5013s)
Oversee and assist with collection and distribution of supporting documentation (K-1s, PFIC statements, etc.) to facilitate tax preparers’ work. Handle queries and work with other teams including Fund Accounting and Treasury
Prepare/review tax reports such as withholding taxes, stock distributions, and tax estimates and any other client reporting requests
Prepare/review investor data templates to facilitate preparation of accurate investor filings and smooth delivery into the document portal
Coordinate timely payment of Federal and State taxes, handle IRS Notices and Demands as required (with support of tax preparers)
Support FATCA and CRS compliance tasks, annual reporting and ongoing onboarding and record maintenance (familiarity with Forms W-9 and W-8 versions preferred)
ASC 740 analysis (plus but not required)
Develop excellent client relationships and manage client expectations
Develop knowledge of existing processes and procedures to ensure maximum effectiveness as well as contributing to development of workflows and new solutions
Training, development and potential management of junior team members
Any other duties commensurate with the nature and position of the post

Skills

Key technologies and capabilities for this role

Tax CompliancePartnership TaxK-1 PreparationFATCACRSWithholding TaxUS 1065US 1120Canadian T5013PFIC StatementsIRS Notices

Questions & Answers

Common questions about this position

What qualifications and experience are required for the Tax Manager role?

A CPA qualification is preferred but not required, along with private equity knowledge preferred, an understanding of fund/group structures (international structures a plus), extensive working knowledge in a similar environment ideally in financial services, and understanding of financial reports, NAV reports, and partner cash flows as an advantage.

Is the salary or compensation specified for this position?

This information is not specified in the job description.

What is the work arrangement or location policy for this role?

This information is not specified in the job description.

What does the company culture emphasize for this role?

People are at the core of all that they do, with opportunities for development and career progression based on consistent achievement of Key Performance Indicators (KPIs).

What makes a strong candidate for this Tax Manager position?

Strong candidates will have CPA qualification (preferred), private equity knowledge, understanding of fund structures, experience in financial services tax compliance, and familiarity with tools like FIA.

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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