Job Description

Job Description

Job Description

Description:

What You’ll Be Doing

As an Exchange Officer at Bank Iowa you'll be responsible for managing the full lifecycle of Section 1031 exchange transactions, ensuring regulatory compliance, and delivering a high level of service. This role leads the strategic and operational execution of exchange activities and provides oversight and support to our Exchange Coordinators and Exchange Assistants. Furthermore, as an Exchange Officer you'll serve as a subject matter expert and liaison between exchangers, their advisors, and internal stakeholders to facilitate a smooth and compliant exchange.

Because 1031 exchanges involve strict IRS regulations and complex legal documentation, a Juris Doctor (JD) is essential for this role. The Exchange Officer must be able to interpret tax code, advise on compliance, and mitigate legal risk, ensuring every transaction is executed properly and our clients are protected. While a JD is ideal because of the legal complexity in 1031 exchanges, a CPA may also be considered for this role. That’s because CPAs bring deep expertise in tax law, financial reporting, and compliance

Exchange Management

• Oversee all aspects of the exchange process which include the following:
  • Exchanger and referral source intake and assigning the file to an Exchange Coordinator to assist.
  • Exchange structuring (with the consultation of Exchanger’s advisors). 
  • Exchange file and process oversight:
    • Handling issues which arise with exchanges
    • Collaborating with exchangers and their advisors (e.g., attorneys, accountants, real estate agents) to structure exchanges.
    • Assign files to Exchange Coordinators and provide ongoing oversight and support.
  • Ensuring compliance with all federal and state exchange laws.

Team Leadership & Oversight

• Supervise and mentor Exchange Staff; conduct weekly review meetings to ensure accuracy, compliance, and service standards.
• Provide support to other Exchange Officers as needed.
• Maintain operational efficiency and continuously seek improvements in process and service delivery.

Skills/Experience You’ll Need  

• Juris Doctor (JD) or Certified Public Accountant (CPA) required.
• Minimum of five (5) years of experience in legal and/or tax.
• Strong leadership, problem-solving, and decision-making skills.
• Excellent communication and interpersonal abilities.
• High attention to detail and accuracy in documentation.
• Ability to manage multiple transactions.

Our People-Centered Culture

Bank Iowa is an equal opportunity employer with a passion for creating an inclusive environment where all people are truly welcomed, valued and respected – for all of who they are – regardless of differences. All applicants will be considered for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.

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