Bank Iowa Corporation

Description: What You'll Be Doing As an Exchange Coordinator, you'll be the key support partner for our Exchange Officers-managing exchange files from intake through closing. You'll ensure documents are accurate, timelines are met, and communications with exchangers, advisors, and closers are timely and professional. Your role will also include occasional support for Exchange Assistants as needed. A 1031 exchange is a real estate transaction that allows investors to sell one investment property and reinvest the proceeds into another, deferring capital gains taxes as long as strict IRS rules and timelines are followed. Because these exchanges require precise documentation, regulatory compliance, and coordination between multiple parties, experience in legal work, trust administration, real estate, or mortgage closings is especially valuable. These backgrounds provide the attention to detail, regulatory knowledge, and client service skills that help ensure each exchange is executed smoothly and correctly. This is an ideal position for someone who thrives in a structured environment, enjoys problem-solving, and can balance multiple priorities while maintaining accuracy and confidentiality. Essential Functions Enter and maintain exchange file information in our system. Gather all required background information for each exchange (legal descriptions, title details, closing contacts, etc.). Prepare exchange documents and open exchange accounts. Review and verify closing documents, including instructions, title opinions/commitments, proposed deeds, and settlement statements. Partner with Exchange Officers to guide exchangers, advisors, and closers through the exchange process. Assemble and deliver final exchange packets. Request closure of exchange accounts after approval. Provide backup support: answering phones, greeting visitors, and assisting Exchange Assistants when needed. Maintain the highest level of confidentiality on all exchanges and company matters. Perform other related duties as assigned. Requirements: Skills/Experience You'll Need College degree preferred, but equivalent experience considered. Minimum of 5 years' work experience in a professional setting. Proficiency in Microsoft Office Suite and related software. Strong typing and data-entry skills. Excellent attention to detail and organizational skills. Ability to prioritize and meet deadlines in a fast-paced environment. Professional and personable communication style. 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. PI13deb02e5-

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. Requirements: 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. PIc2af421ab5dc-2148