Finance Operations Analyst

Job Description

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

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.

P urpose/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.

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.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.

For additional information on BlackRock, please visit www.blackrock.com/corporate | 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.