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1031 Exchange Administrator
1031 Exchange AdministratorNorthern Bank • Woburn, MA, US
1031 Exchange Administrator

1031 Exchange Administrator

Northern Bank • Woburn, MA, US
[job_card.30_days_ago]
[job_preview.job_type]
  • [job_card.full_time]
[job_card.job_description]

Job Description

Job Description

SUMMARY / OBJECTIVE :

The 1031 Exchange Administrator will support the 1031 Exchange Business Development Officer, the 1031 Exchange In-House Processing Team and the VP of Northern 1031 Exchange.

KEY RESPONSIBILITIES :

  • Set-up all new In-House 1031 Exchange files.  Create the documents using XGen tool, create the folders and handle all correspondence with clients for signatures
  • Maintain In-House 1031 Exchange calendars for exchanges
  • Correspond with all settlement agents and provide timely instructions in preparation for closings
  • Verify all wire instructions verbally and set-up wires in Online Banking for closing
  • Approve all wires with deposits that were set-up from team
  • Maintain the master email list and promptly add all new contacts, clients and prospects
  • Collaborate with Marketing to prepare for upcoming conferences, webinars and in-person seminars.  Establish marketing needs and collateral
  • Reconcile the Northern 1031 Exchange accounts monthly
  • Work with Finance and Enterprise Data Management teams to submit KPI’s monthly
  • Maintain and grow relationships with closing attorneys, title agents and brokers
  • Schedule in-person seminars and online webinars for the Business Development Officer and VP of 1031 Exchange
  • Actively solicit CPA firms, Law firms and Real Estate Agencies to establish relationships and set Northern as Qualified Intermediary of choice
  • Answer all calls and emails in a timely fashion.  Some nights, weekends and holidays will be required
  • Identify any cross-selling opportunities for multiple Northern teams

JOB QUALIFICATIONS :

  • Bachelor’s degree required
  • 5+ years’ experience in banking or administration preferably in real estate or 1031 exchange industry
  • Strong verbal and written communication skills
  • Strong analytical, problem solving and organizational skills

    • The salary range for this role is $65000 - $85000 per year

    About Northern Bank & Trust Company

    Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook ( / NorthernBankM A / ), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company / northern-bank-ma / ).

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