Associate, Product Tax

Description

About this role

The U.S. Product Tax team is responsible for the oversight of tax-related services, issues and compliance for mutual funds, exchange-traded funds and collective trust funds offered in the U.S. by BlackRock. 

We are seeking an experienced tax professional with a background in the taxation of Regulated Investment Companies (RICs).  The position has responsibility for all tax matters for assigned funds and related financial products.  This includes: a) oversight of RIC tax qualification considerations, including distribution, asset diversification and gross income requirements, b) coordination and review of applicable tax returns and extensions, c) coordination and review of tax provisions and tax-related disclosure in financial statements, and d) supervision and management of outsourcing relationships with US and non-US service providers.

Primary Responsibilities

• Manage financial statement audit process as it relates to preparation of annual report tax disclosure and review of investment company taxable income and net capital gain calculations.
• Manage year-end distribution and shareholder tax reporting processes.
• Review asset diversification and gross income qualification tests.
• Review and assure timely filing of tax returns and extensions.
• Oversee tax services of external tax service providers.  Regularly evaluate performance and recommend changes where necessary.
• Assist in designing, implementing, and continually improving procedures to facilitate pro-active identification and resolution of tax issues.
• Analyze and respond to tax notices.
• Support Call Center with tax-related inquiries.

Qualifications

• 2-5 years relevant tax experience working with RICs in a public accounting firm, and/or industry. 
• Proficient in the taxation of RICs, financial instruments and investment strategies. 
• Strong analytical and problem-solving skills, including ability to analyze tax issues.
• Excellent communication, teamwork and relationship-building skills.
• Working knowledge of Alteryx, Power BI and Excel Macros a plus.
• Must be able to work effectively in a demanding, fast-paced and complex environment, handling multiple tasks and projects concurrently and resolving issues that cut across the organization, while maintaining highest standards and attention to detail.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.