Vice President, Alternatives Fund Tax

About this roleIntroductionTo replace a departing Vice President, a hire is required in London to join the global BlackRock Private Markets Tax Team.  This team currently comprises 30+ staff in total (who are located in the US, UK and Hong Kong) and is co-headed by two Managing Directors based in New York.About BlackRockBlackRock is the world’s largest asset management company, and is independently listed (ticker: BLK) and headquartered in New York. The Private Markets team is responsible for investment management, strategic planning and oversight across BlackRock’s $450+ billion alternatives investment platform.BlackRock is currently active in the following areas:Private equity solutionsInfrastructure solutionsSecondaries solutionsDirect private equity and venture capitalPrivate credit (Mortgage securitization / CLOs / direct lending)Private infrastructure (equity and debt)Real estate (equity and debt)Hedge fund solutionsAlternative solutionsDirect hedge fundsRole DescriptionThis is an in-house role focusing on tax advising, compliance, and structuring of BlackRock’s private markets investment platform supporting the private equity, secondaries and hedge fund-of-funds solutions business lines, including:  Providing hands-on tax support to the BlackRock private markets business areasProviding oversight and input on documentation and tax due diligence on selected investments to be held by the funds, and working with the business team and external advisors to mitigate any identified tax risksStructuring investments and investment holding structures, and understanding the overall impact of fund structuresReviewing and negotiating legal documentation for such transactions with legal and tax advisorsProviding oversight of Big 4 and law firm deal teams advising on such transactionsOversee European tax reporting compliance work relating to the products (e.g., German CFC reporting, PFIC reporting, Swiss Transfer Tax reporting etc.)Monitoring domestic and international tax laws and advising on the impact on investment structuresAssisting in development of robust tax-related processes and procedures as the platform expandsWorking with the wider Product Tax team on matters arising which impact BlackRock’s broader product offering Reporting LineThe roleholder will report to a Managing Director in New York.  That Managing Director reports to the co-head of the Private Markets Tax team, who reports into the Global Head of Tax (both based in New York). The role involves working both with members of the global Private Markets Tax Team (based in the US, EMEA, and Asia Pac) as well as the broader Product Tax Team.Key ResponsibilitiesAdvise on new product tax work, including fund structuring, development of product strategies, tax structuring and review of documentation, as well as ongoing tax oversight for the fund complexes and vehicles associated with those businessesAdvise on tax matters concerning investment acquisitions, underlying investment structures and strategies, and related transactional documentsCommunicate with investors and underlying investment sponsors regarding tax requests and queries, as well as engaging on tax provisions in legal documentsAssist BlackRock’s client relations and sales and marketing teams with client communications (including potential investors)Liaise and collaborate closely with members of the global Private Markets Tax Team responsible for covering the business lines above in their respective regionAssist with oversight of EMEA tax reporting compliance work outsourced to external advisorsSupport product development teams in evaluating and developing new products with insightful and practical tax inputUndertake necessary tax due diligence and setup needed for new fund launches and investments, with support from team colleagues as requiredMonitor tax technical developments affecting these funds, and respond as necessaryBuild robust practices and efficiencies with respect to tax policies and operational processes.Skills and Experience – RequiredThe following are required from all candidates:Experience working in practice, either at a law firm, a Big 4 accountancy firm or in-house at a private markets asset managerKnowledge of tax aspects of private funds and fund-of-funds, including hedge, private equity and secondaries, in particularUnderstanding of fund and SPV structures for alternative investmentsExperience reviewing tax provisions of LPAs, PPMs, side letters and transactional documents such as purchase and sale agreementsAt least 5+ years’ experienceAptitudesThis is a high exposure role, involving much direct contact with the BlackRock private markets business lines and some with end clients. The product range is often highly challenging in tax technical terms. Accordingly, it is important that the roleholder:Is able to communicate complex tax issues clearly and concisely, in a manner targeted at a wide range of different audiencesHas the interpersonal skills to work effectively within a large in-house tax team and with cross-border teams and multidisciplinary business and project teamsIs able to perform effectively in a fast-paced environmentOur benefitsTo 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 modelBlackRock’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 off