Vice President, Alternatives Tax

New York, USA
Jun 25, 2023
Jun 30, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role


Due to the significant expansion in BlackRock Alternative Investors (BAI), a hire is required in New York to join the global BlackRock Alternatives Tax Team. This team is currently comprised of over 30 staff in total (who are located in the US, UK and Hong Kong) and is headed up by the Global Head of Alternatives Tax who is based in New York.

About BlackRock

BlackRock is the world's largest asset management company. It is publicly listed (ticker: BLK) and headquartered in New York.

BlackRock Alternatives Investors (BAI) is responsible for investment management, strategic planning and oversight across BlackRock's approx. $340+ billion alternatives investment platform. BlackRock is currently active in the following areas:
  • Private equity and infrastructure solutions
  • Direct private equity and venture capital
  • Private credit (Mortgage securitization / CLOs / direct lending)
  • Private infrastructure (equity and debt)
  • Real estate (equity and debt)
  • Hedge fund solutions
  • Alternative solutions
  • Direct hedge funds
Role Description

This is an in-house role focusing on tax advisory and structuring of transactions for BlackRock's alternatives investment private infrastructure platform, including:
  • Providing hands-on US tax support to the BlackRock private infrastructure equity business
  • Providing oversight and input on the tax due diligence of prospective investments, and working with the business team and external advisors to mitigate any identified tax risks;
  • Reviewing the tax inputs in the financial modelling and confirm the model is reflective of the deal specific tax considerations.
  • Structuring investments and investment holding structures, and understanding the overall impact on the upper-tier fund structures.
  • Reviewing and negotiating of legal documentation for such transactions with legal and tax advisors
  • Providing oversight of Big 4 and law firm deal teams advising on such transactions
  • Monitoring domestic and international tax laws and advising on the impact on investment structures
  • Assisting in development of robust tax-related processes and procedures as the platform expands
  • Working with the wider Product Tax team (i.e., including non - alternatives) on matters arising which impact BlackRock's broader product offering
Reporting Line

The role will be based in New York and will report to a manager in the Alternatives Tax Team in New York. The manager reports to the Global Head of Infrastructure Tax (based in New York), who reports to the Global Head of Alternatives Tax (based in New York), and who, in turn, reports to the Global Head of Tax (based in New York). The role involves working both with members of the global Alternatives Tax Team (based in the US, EMEA, and Asia Pacific) as well as the broader US Product Tax Team (i.e., non - alternatives).

Key Responsibilities
  • Advise on product tax work, including:
    • tax due diligence on prospective targets,
    • tax structuring of investments and investment holding structures,
    • review and negotiation of legal documentation, and
    • ongoing tax oversight for portfolio companies and vehicles associated with those businesses
  • Serve as primary point of contact for BLK deal teams, and advise them on tax matters concerning investment acquisitions, underlying investment structures and strategies, and related transactions
  • Communicate with underlying investment sponsors regarding tax requests and queries, as well as engaging on tax provisions in legal documents
  • Liaise closely with members of the global Alternatives Tax Team responsible for covering the alternatives areas above in their respective regions
  • Work closely with members of the wider Blackrock Alternatives platform (e.g. Operations and Legal), in relation to the implementation of investment structures and funds flows
  • Monitor tax technical developments affecting these funds and investments, and respond as necessary
  • Build robust practices and efficiencies with respect to tax policies and operational processes
Skills and Experience - Required

The following are required from all candidates:
  • A law degree
  • Knowledge of private infrastructure fund and investment taxation in the Americas
  • Understanding of fund entities and holding structures used in North America for Infrastructure funds and their investments
  • Experience working in practice, either at a law firm, a Big 4 accountancy firm or in-house at a private equity or hedge fund or an asset management company
  • Understanding of fund and SPV structures for alternative investments
  • At least 4 years' experience with tax issues in M&A in the asset management space
  • An appreciation of the corporate tax, transfer pricing and VAT issues faced by a large fund management group

This is a high exposure role, involving much direct contact with the BlackRock alternatives business lines and some with end clients. The product range is often highly challenging in tax technical terms. Accordingly, it is important that the role holder:
  • is able to communicate complex tax issues clearly and concisely, in a manner targeted at a wide range of different audiences
  • has the interpersonal skills to work effectively within a large in-house tax team and with cross-border teams and multidisciplinary business and project teams
  • is able to perform effectively in a fast-paced environment
For New York City only: The salary range for this position is $175,000 - $225,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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 hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently 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. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn:

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.
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