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