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Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.
Responsibilities
This role reports into the Senior Vice President of Tax in London.
Deals
Work closely with and support deal teams with Tax DD and structuring work streams on transactions and restructuring of portfolio investments, including review and commenting of DD / structure reports, calls with advisors, and interaction with BXCI counsels
Participate in fund allocation meetings, clarifying any organizational matters relevant for tax (e.g. allocation, funding)
Review and confirm tax implications of transactions at investment platform level and involve local counsel as required
Review legal documents pertaining to the deal from a tax perspective (together with counsel)
Fund structuring
Support teams in the negotiation process and implementation of new products / funds to clients including: working out the most suitable bespoke structure for each investor in light of their specific concerns / requirements and tax environment and leading the implementation process of such a structure with production of tax memo/opinion, involving direct client exposure.
Get up to date on main tax considerations on specific mandates (e.g. US LOB, independent agent, trading vs investment income) and monitor developments
Review IMA, partnership documentation and all other related documents from a tax perspective
Compliance
Coordinate with Lux/Irish/UK/US finance teams and advisors to ensure timely preparation of tax returns (e.g. UK / German partnership tax reporting), including preparation of IBCI reporting
Review and sign-off on tax returns / computations (prepared by advisors) and investor tax reporting for BXCI retail funds
Oversee other tax aspects, i.e. VAT registration / filing with advisors and BXCI Lux and Irish team, TP methodology / strategy, monitor WHT exposure (UK Passport, reclaim process), etc.
Oversee business administration and implement processes to streamline filing / reporting process where needed together with local teams
Investment Platform
Get to know how the Lux and Irish BXCI platforms are structurally and operationally organized and monitor funding (internal / external) and distribution process
Monitor market practices (via building-up industry contact and advisors network) and keep BXCI on top of best players on structuring and substance
Take an active role in helping BXCI navigate through tax changes and find / implement best business answers (together with advisors)
Skills and Experience
Extensive Experience in a Big 4 accountancy firm (minimum 8 years’ experience)
Strong international / cross-border M&A experience
Good DD / tax structuring skills with a drive to lead tax streams
Good general understanding of Fund industry required with tax structuring / compliance experience highly considered
Experience setting-up /dealing with SPVs / investment platform with an awareness of main cross-border tax implications, i.e. substance, corporate governance, beneficial ownership; and knowledgeable about BEPS initiatives (MLI, ATAD…)
No credit specific experience required but a plus
Some TP knowledge
Strong analytical rigor
Excellent communication skills and experience interacting with deal and finance teams
Familiarity with tax compliance
Awareness of Luxembourgish and Irish regulations
Driven and proactive
Able to produce deliverables of a high quality and on-schedule
Ability to work independently and to take on additional responsibilities
Qualifications
Undergraduate Degree in Finance or Law an asset
CA or CTA an asset, but not essential
All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.
The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;
Marketing Blackstone funds to new or existing clients;
Supervising or training securities licensed employees;
Structuring or creating Blackstone funds/products; and
Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
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