What are the responsibilities and job description for the Associate Analyst, Exchange position at Verus Bank of Commerce?
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
The Exchange Associate Analyst supports customers throughout the 1031 Exchange process, ensuring smooth transactions and compliance with all regulations. This role serves as a key resource for clients and internal teams by preparing and reviewing documents, coordinating closings, and providing expert guidance on 1031 Exchange policies. Additionally, the Associate Analyst contributes to training initiatives and marketing strategies for both internal and external stakeholders.
Key Responsibilities
- Guide customers and team members through real and personal property 1031 exchanges.
- Communicate promptly and professionally with clients, realtors, lenders, title companies, and other stakeholders to achieve team and company goals.
- Maintain and monitor files for compliance with IRS Section 1031, BSA, and the Patriot Act.
- Coordinate and attend closings related to 1031 exchanges.
- Manage and disburse client funds in accordance with 1031 Exchange policies and procedures.
- Prepare and deliver 1031 Exchange training sessions for internal and external audiences.
- Conduct Continuing Education classes for real estate professionals on 1031 Exchange topics.
- Review and prepare exchange documents for accuracy and compliance.
- Stay current on 1031 Exchange laws, standards, and regulations; interpret and communicate updates effectively.
- Serve as a subject matter resource and team lead on 1031 Exchange policies and procedures.
- Support marketing efforts for 1031 exchanges and other Verus Bank of Commerce products.
- Update departmental documents, manuals, and resources as needed.
- Mentor and train junior team members.
- Perform additional duties and projects as assigned.
Minimum Requirements
- Bachelor’s degree in a related field, or a combination of education, certification, and experience equivalent to 3 years.
Preferred
- 1031 CES Program Certification.
Knowledge, Skills, and Abilities
- Strong judgment and decision-making skills.
- Excellent written and verbal communication abilities.
- Ability to adapt quickly to changing priorities while maintaining quality.
- Exceptional interpersonal and customer service skills.
- High attention to detail.
- In-depth knowledge of 1031 Exchange guidelines and regulations.
- Familiarity with internal and external lending guidelines.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Access, and Outlook)
Working Conditions
- Frequent stationary work during business hours.
- Regular use of computers and office equipment.
- Occasional movement to access files and office resources.
- Frequent communication with customers and team members in person and by phone.
- Ability to 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.
Salary : $60,000 - $100,000