Exchange Manager CitiExchange Philadephia PA
Location: Philadelphia, Pennsylvania
Description: Citi is currently interviewing Exchange Manager CitiExchange Philadephia PA right now, this position will be delegated in Pennsylvania. Detailed specification about this position opportunity kindly see the descriptions. Reference Code: 12027371 Location: Philadelphia, PA, US Education Level: Bachelor's Degree Description Description
Under minimal direction from the Group Manager or other supervisor of CitiExchange, this position is responsible for coordinating complex like-kind exchanges of business and investment property under IRC §1031, with internal and external clients, agents, and tax advisors. This position may function as a lead worker by giving guidance to less experienced Exchange Coordinators.
Duties
- Work with the Group Manager in the ongoing improvement and implementation of production processes, related to the delivery of tax-deferred exchanges.
- Responsible for coordinating complex 1031 tax-deferred exchanges with clients, clients' agents, and tax advisors for business or investment properties.
- Reviews title reports or commitments, purchase and sales agreements, and other documents to determine any inconsistencies of ownership. Ensures that exchanges meet all IRC §1031 requirements for a "like-kind" exchange.
- Develops new customers for company services by contac¬ting real estate agents, builders, attorneys, leasing companies, investors, corporations, etc. to determine their needs, offering services the company can provide, and scheduling appointments for Group Manager.
- Handle incoming calls, respond to inquiries, related to 1031 exchange regulations and company procedures.
- Coordinate all aspects of executive level appointments, meetings, receptions and conference calls through Outlook.
- Prepares and reviews materials and correspondence for meetings.
- Establish strong follow-up process for ongoing organization projects.
- Assist with creation/modification of presentations, spreadsheets, and other various documents.
- Coordinate travel arrangements - both international and domestic.
- Prepare, reconcile, and track expense reports through T&E system.
- Assist in ad-hoc reports special projects as needed.
- Generates, prepares, tracks, and files documents related to 1031 exchange. Ensures that exchange deadlines are met.
- Tracks critical time restrictions to ensure compliance with 1031 exchange tax laws and timelines.
- Requests wire transfers of exchange funds pursuant to exchange documents and replacement property contract.
- Maintains contact with clients (internal and external) and keeps them updated and informed on their transactions.
- Ensures that company's routine policies and procedures are followed. Refers unusual/complex matters to Group Manager for review and approval.
- Assists the Group Manager in resolving routine problems/customer complaints pertaining to the processing of exchanges within established policies and procedures.
- May attend social or business meetings periodically to further company's sales and marketing position.
- May attend and participate in appropriate trade shows and related events.
- Performs other related duties that Group Manager may assign from time to time.
- Working knowledge of IRC §1031 Exchange processes, laws, and regulations.
- Ability to perform mathematical calculations to price transactions favorable to the company.
- Experience related to qualified intermediary services.
- Demonstrates a high level of integrity and professionalism.
- Excellent oral and written communication skills; strong and polished interpersonal skills.
- Extremely detail oriented, with strong follow-up.
- Ability to deal effectively and diplomatically with all levels of internal and external management.
- Highly proficient in MS Office (Word, Excel, Outlook, and PowerPoint).
- Ability to gain command of new systems as required for the job.
- Team player; ability to inspire trust and promote collaboration.
- Ability to execute under tight timeframes - multi-task, prioritize and work independently.
- Energetic, with a willingness to learn, take initiative and work in a fast-paced environment.
- Ability to handle confidential information and matters with discretion.
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If you were eligible to this position, please email us your resume, with salary requirements and a resume to Citi.
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This position will be started on: Wed, 11 Jul 2012 14:05:40 GMT
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