Vice President - Infrastructure Funds Tax Advisor

Employment Type

: Full-Time

Industry

: Accounting



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Description About this role About BlackRock BlackRock is the world's largest fund management group, the BlackRock group is independently listed (ticker: BLK) and headquartered in New York. The group has a business line, as well as regional, structure. Thus a global umbrella structure for our Alternatives businesses is supplemented by North America, EMEA, Asian and Latin American regions. BAI is responsible for investment management, strategic planning and oversight across BlackRock's 100+ billion alternatives investment platform. BAI's platform includes alternative solutions, direct hedge fund strategies, hedge fund solutions, private equity solutions, private market opportunities, real estate and infrastructure investments. This role exists within the US Alternatives Product Tax Team, part of a strong global Alternatives Product Tax function headed up out of New York. BlackRock is currently active in the following Alternatives areas: Real estate (equity and debt) Private infrastructure (equity and debt) Private equity solutions Direct hedge funds Hedge fund solutions Alternative solutions Private credit (Mortgage securitization / CLOs / direct lending) Long Term Private Capital There is a recent history of BlackRock acquiring businesses, or taking teams onboard, to broaden the Alternatives offering. Future such developments may broaden the above range further. Role description This is an in-house tax advisory role, with strong technical and business exposure to the Private Infrastructure areas detailed above. The role involves: Providing hands-on tax support to the BlackRock Private Infrastructure business areas in the US Responsibility for new product launch tax work and ongoing tax oversight for the fund ranges and vehicles associated with those businesses Oversight of tax due diligence on selected investments to be held by the funds Development of more robust tax-related processes and procedures, as the platform expands Working with the wider Alternatives Product Tax team (i.e. including non - Alternatives) on matters arising which impact BLK's broader product offering. Reporting line The roleholder will report to a Director in the Alternatives Product Tax team (based in New York). This Director reports to the Global Head of Alternatives Tax (based in New York), who in turn reports to the Global Head of Tax (based in New York). The role involves working laterally both with members of the global Alternatives Product Tax team (based in EMEA and Asia Pac). Key responsibilities For the US Private Infrastructure business: Lead, with external advisor input where necessary, the product tax work required for new product structuring and development Where relevant, oversee and input into the tax due diligence on investment acquisitions Support BlackRock's client relations and sales & marketing teams with client communications (including potential investors), where necessary Liaise closely with members of the global Alternatives Product Tax Team responsible for covering the Alternatives areas above in their respective region (based in EMEA and Asia Pac) Answer, or assist in the handling of, investor queries related to the taxation of the BlackRock Private Infrastructure products in the US. Achieve an appropriate balance between assisting investors' understanding of the relevant tax issues, and providing tax advice that should more properly be provided by an investor's own tax advisers - and foster that balance in the business teams Oversee the US tax reporting compliance work relating to the US Infrastructure business Support Product Development teams in evaluating and developing new products with insightful and practical tax input Provide occasional internal tax training sessions and seminars, as demand requires Keep business teams updated with key tax developments that are of relevance to them, and screening out other tax news Recognize enquiries and issues that relate to corporate tax or VAT, and route these promptly to the appropriate wider tax team members For assigned fund ranges in the Americas: Advise on issues arising with new product launches and lead in resolving these Undertake all necessary tax due diligence and setup needed for new launches, with support from team colleagues as required Monitor tax technical developments affecting these funds, and respond as necessary Maintain oversight of the tax operational processes that are necessary to support each fund Skills and experience - required The following are required from all candidates: In depth knowledge of Private Infrastructure fund taxation (including Funds of One) Understanding of the fund and SPV structures used globally for Private Infrastructure funds and their investments At least 5+ years experience of Private Infrastructure fund management tax Knowledge of US tax compliance issues relevant to Private Infrastructure fund taxation Substantial experience advising fund management firms, and ideally their clients, in person (as opposed to researching answers for others) An appreciation of the corporate tax, VAT and transfer pricing and other tax issues faced by a large fund management group Experience in presenting tax issues to a wide variety of stakeholders Skills and experience - advantageous The following would be of advantage, but are neither required nor expected of candidates: In depth knowledge of all Alternatives areas that BlackRock offers Knowledge of US withholding, the US QI system and the FATCA regulations Aptitudes This is a high exposure role, involving daily direct contact with the BlackRock US Private Infrastructure business - and frequent contact with end clients. The product range is often highly challenging in tax technical terms. Accordingly it is important that the roleholder: is highly conversant with the subject area is able to communicate complex tax issues clearly and concisely, in a manner targeted at a wide range of different audiences is a credible and well-presented professional adviser has the interpersonal skills to work effectively within a large in-house tax team, frequently cross border, likewise with multidisciplinary business and project teams is able to meet tight time deadlines and perform effectively under time pressure. Experience and qualifications It is envisaged that the roleholder will hold a professional accounting / tax / legal qualification and will have spent some time during their career working in practice, either at a law firm or a Big 4 accountancy firm. Experience working in-house at a fund management company is advantageous. The roleholder should have at least 5+ years experience working in Private Infrastructure fund taxation.Salary Range: NAMinimum Qualification5 - 7 years

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