Specialist Exchange

We named our Company Verus because it is loosely translated Latin for right. Our philosophy is do the right thing: do right by our community, do right by our shareholders, do right by our employees, and do right by our customers. Following this simple philosophy we have grown the bank into one of the premier community banking franchises in this market, and in fact one of the strongest in the state and the nation. At its roots, a community bank is worth nothing more and nothing less than its relationships: relationships with clients, employees, shareholders and the community.

What's in it for you:

• Competitive pay
• 401K match eligible after one year of service
• Medical/Dental/Vision/Life/Disability plans with FSA and HSA options
• Paid time off and paid holidays
• Employee Assistance Program

Seeking a positive, outgoing, professional team player to join our Team at Verus Bank of Commerce!

Summary
As a 1031 Exchange Specialist, you will guide clients through the completion of real property 1031 Exchanges. This role involves managing all aspects of the exchange process, including drafting correspondence, entering data into systems, tracking deadlines, and ensuring compliance. You will collaborate with real estate professionals and maintain accuracy and timeliness throughout each transaction.

Key Responsibilities

• Respond promptly to customer inquiries and provide exceptional service.
• Communicate effectively with clients, realtors, lenders, title companies, and other professionals.
• Advise clients on 1031 Exchange requirements and issues.
• Maintain and monitor files for compliance with IRS Section 1031, BSA, and the Patriot Act.
• Support team members by assisting with or covering files as needed.
• Coordinate and attend closings related to 1031 exchanges.
• Manage client funds and disbursements in accordance with 1031 Exchange policies and procedures.
• Prepare and review exchange documents for accuracy and compliance.
• Participate in continuing education and professional development.
• Represent the company at trade shows and community events; travel as required.
• Promote 1031 Exchange services and other Verus Bank of Commerce products.
• Perform additional duties and projects as assigned.

Qualifications

Minimum Requirements

• At least 2 years of related experience.

Preferred Requirements

• 3+ years of experience in the industry.
• Strong understanding of real estate transactions, including reviewing contracts and settlement statements.
• In-depth knowledge of IRS Section 1031 regulations.

Skills and Competencies

• Proficiency in Microsoft Word, Excel, and Outlook.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong written and verbal communication abilities.
• High initiative and self-motivation.
• Exceptional interpersonal and customer service skills.
• Ability to pass bonding and background checks.
• Detail-oriented with strong organizational skills.
• Ability to manage multiple priorities and meet deadlines.

Working Conditions

• Frequent use of computers and office equipment.
• Occasional movement within the office to access files and equipment.
• Regular communication with clients and team members in person and by phone.
• Ability to handle and exchange accurate information consistently.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.