Description
About this role
Business Unit Overview:
BlackRock Product Tax oversees tax planning, tax reporting, and tax regulatory compliance for all BlackRock products. The majority of the team’s functions are managed from New York, Princeton, London, San Francisco, Hong Kong and Sydney. The group will work with key internal stakeholders including various Business Operations groups such as Global Fund Services and Onboarding, as well as Portfolio Management, Legal and Securities Lending groups. The group regularly engages with BlackRock’s external custodial service providers and is responsible for administration and oversight of services as they relate to custody taxation.
Purpose/Background:
Based in Budapest the individual will report to a Product Tax member either in Budapest and will be responsible for ensuring the day to day running of certain Global Product Tax documentation, compliance and reporting activities, working across all Product types. The individual will also work closely with the Global Product Tax Policy teams, custodians and third-party advisors.

Key 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.
• Role will require interface with global colleagues, so will require the ability to work flexible hours on occasions.

Development Value:
Specifically, the role offers opportunity to develop knowledge of fund level tax across numerous tax regimes. The role offers the opportunity to work, not only with the various BlackRock tax teams but across business functions, with particular focus on operational functions.
This role offers the ability to understand the various products of BlackRock, gain an in-depth knowledge of financial services sector, building of technical product and tax knowledge, project management, exposure to senior management across the firm, and ability to develop soft personal skills by managing various stakeholders both internal and external.
The candidate will be able to get exposure to senior management through work on their key responsibilities and project work. This role will also be part of the Budapest office and will be a cultural ambassador and mentor to other colleagues that join the office as it grows over the coming months and years.

Experience/Competencies:

• Degree in Business, Accounting or Finance or equivalent.
• 2+ years of experience in accounting, legal, investment management, brokerage, capital markets, or custody.
• 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.

EarlyCareers

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. 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.

• 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.
• Role will require interface with global colleagues, so will require the ability to work flexible hours on occasions