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1031 Exchange Coordinator

2 months ago

Lake Oswego, Oregon, United States First American Financial Company Full time
About Us
At First American, we prioritize our People. As part of our National Commercial Services division, we provide seamless service for a range of national commercial real estate transactions. With a legacy dating back to 1889, First American (NYSE: FAF) has consistently championed its workforce. Our team is driven by passion, and we are dedicated to creating an environment where everyone feels valued, supported, and encouraged to innovate and achieve their fullest potential. Our commitment to an inclusive, people-first culture has earned us numerous accolades, including recognition on the Fortune 100 Best Companies to Work For list for nine consecutive years. We are also proud to be recognized as a top workplace for women, diversity, and LGBTQ+ employees, and have appeared on over 50 regional best places to work lists. First American is committed to being a great workplace for all. For more details, please visit our website.

Position Overview
First American is seeking a 1031 Exchange Coordinator to join our dynamic team. In this position, you will support Exchange Officers and collaborate with both local and national internal and external clients to initiate, manage, and finalize 1031 tax-deferred exchanges.

Key Responsibilities:
  • Initiate Exchanges - assist or collaborate with exchange officers in the following:
  • Gain expertise in 1031 regulations and effectively address client inquiries
  • Manage incoming calls and inquiries
  • Examine purchase agreements and title reports
  • Prepare necessary documentation for relinquished and replacement property transactions
  • Adhere to company protocols and comply with accounting policies
  • Manage Processes - assist or collaborate with exchange officers in the following:
  • Track deadlines and closing schedules
  • Oversee all financial aspects of exchange files
  • Ensure timely management of the exchange process
  • Finalize Transactions - assist or collaborate with exchange officers in the following:
  • Review preliminary closing statements for approval
  • Facilitate the acceptance and distribution of funds in accordance with 1031 regulations
  • Collect fee income and ensure all documentation is signed and finalized
  • Perform additional tasks as requested by the exchange officer to facilitate the exchange process
  • Client Relations/Business Development
  • Address issues and manage client relationships
  • Follow up with current and prospective clients to enhance business opportunities
  • Collaborate with exchange officers, managers, and sales representatives to drive business growth
Qualifications:
  • High School diploma or equivalent required
  • 1-3 years of administrative experience preferred
  • Experience in real estate or legal fields (such as escrow officer or assistant) is advantageous but not mandatory
  • Familiarity with (or willingness to learn) fundamental concepts, practices, and procedures relevant to the role
  • Strong verbal and written communication skills
  • Detail-oriented approach to tasks
  • Able to establish effective working relationships with team members
Compensation Range: $19.82-$26.43 Hourly
This range represents a reasonable estimate of the base pay for this position at the time of posting. Compensation is influenced by various factors, including job-related knowledge, skills, experience, business needs, and geographic location.

Our Commitment
At First American, we embrace individuality and foster a culture that celebrates diversity, equity, and inclusion. We believe that this commitment is not only the right thing to do but also essential for our success. We take pride in creating an authentic and inclusive workplace for everyone. You are encouraged to bring your unique self to work. First American is an equal opportunity employer in every sense of the term.

Depending on eligibility, First American offers a comprehensive benefits package that includes medical, dental, vision, 401k, paid time off, and other valuable benefits such as an employee stock purchase plan.