1031 Exchange Administrator Resume Sample
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400 Northern Way Ave, NY, NY 12332 | Home: (212) 567-7818 | Cell: (212) 456-7654 | [email protected]
Thomas Forest CAREER 1031 Exchange Professional and Certified Exchange Specialist with eight years of OBJECTIVE experience seeking full time position as an Exchange Administrator. PROFESSIONAL 1031 Exchange Properties, Inc., New York, NY EXPERIENCE Exchange Administrator, 2006 – 2007 • Managed and successfully completed over 50 exchange accounts worth approximately $60mm. • Oversaw the entire exchange transaction, including consulting with clients and their legal/tax advisors, preparing legal documents, and managing exchange timelines. • Assumed responsibility for business operations, including account reconciliation, accounts payables and receivables, 1099 and withholding preparation. . Fortune Financial, Inc., New York, NY Executive Vice President, 2004 – 2005 • Headed new New York division of the company, delivering exchange transaction experience and existing book of business. • Managed and successfully completed over 65 exchange accounts worth approximately $75mm. • Oversaw the entire exchange transaction, including consulting with clients and their legal/tax advisors, preparing legal documents, and managing exchange timelines. • Maintained all legal files from each exchange transaction, ensuring proper coverage for potential legal issues and requests for information. • Trained and supervised staff on complex legal transactions. • Reconciled accounts and supervised processing of accounts payables and receivables. Citigroup, New York, NY Exchange Administrator, 2000 – 2004 • Promoted to Exchange Administrator with my own book of business after five months of employment as an Exchange Assistant. • Opened and managed up to 30 exchange accounts per month, with account balances totaling $25k to $25mm. • Negotiated exchange fees and interest breakdown with new clients and referral sources. • Advised exchangors and their tax and legal advisors on multiple types of transactions, including delayed, simultaneous, built-to-suit or construction and reverse exchanges. • Reviewed escrow instructions, title policies, and exchange documents; estimated and final closing statements for accuracy, completeness and conformance to prescribed legal requirements. • Educated real estate and escrow professionals, exchangors and exchange assistants on the nuances of 1031 Tax Deferred Exchanges. Thomas Forest Resume Page 1 of 2
PROFESSIONAL EXPERIENCE CONTINUED
• • •
•
Selected to work directly with General Counsel on Reverse Exchange accounts and Built-to-Suit/Improvement Exchange accounts. Chosen as only Administrator to receive authorization to both input and release wires on online banking. Confirmed and supervised funds receipts and wire releases; scheduled the release of funds for deposits, purchases, and funds released on failed exchanges. Reconciled accounts and supervised federal tax withholdings on qualifying files.
New York Title Company, New York, NY Escrow Assistant, 1999 • Responsible for opening, processing and closing escrow files, transmitting escrow instructions to sellers/buyers and lenders, and preparing escrow closing statements. • Proofread and transmitted title policies, grant deeds, quitclaim deeds and other pertinent papers. • Scheduled and met with buyers for loan document signing and review of estimated closing statement; scheduling follow up meetings if necessary to complete transactions. EFS Financial, Hudson Valley, NY Funder, 1996 – 1999 • Reviewed loan packets submitted by car dealerships for loan processing. • Completed special loan packets by working directly with credit analysts, sales managers, collections personnel, and dealer center managers. Executive Secretary, 1995 – 1996 • Provided administrative support to dealer center manager, sales managers, credit analysts, collections department and corporate office. Michelson & Snider, New York, NY Legal Secretary, 1994 – 1995 • Assisted lawyers in researching work and preparing exhibits for trial cases. EDUCATION Federation of Exchange Accommodators Certified Exchange Specialist, 2009 New York University, New York, NY Bachelor of Science in Business Administration • Minor in Economics ADDITIONAL SKILLS
• • •
Proficient in Microsoft Office (including Access and Powerpoint) Legal Machine Transcription/Legal Office Procedures Ten Key
Thomas Forest Resume Page 2 of 2
Thomas Forest CAREER 1031 Exchange Professional and Certified Exchange Specialist with eight years of OBJECTIVE experience seeking full time position as an Exchange Administrator. PROFESSIONAL 1031 Exchange Properties, Inc., New York, NY EXPERIENCE Exchange Administrator, 2006 – 2007 • Managed and successfully completed over 50 exchange accounts worth approximately $60mm. • Oversaw the entire exchange transaction, including consulting with clients and their legal/tax advisors, preparing legal documents, and managing exchange timelines. • Assumed responsibility for business operations, including account reconciliation, accounts payables and receivables, 1099 and withholding preparation. . Fortune Financial, Inc., New York, NY Executive Vice President, 2004 – 2005 • Headed new New York division of the company, delivering exchange transaction experience and existing book of business. • Managed and successfully completed over 65 exchange accounts worth approximately $75mm. • Oversaw the entire exchange transaction, including consulting with clients and their legal/tax advisors, preparing legal documents, and managing exchange timelines. • Maintained all legal files from each exchange transaction, ensuring proper coverage for potential legal issues and requests for information. • Trained and supervised staff on complex legal transactions. • Reconciled accounts and supervised processing of accounts payables and receivables. Citigroup, New York, NY Exchange Administrator, 2000 – 2004 • Promoted to Exchange Administrator with my own book of business after five months of employment as an Exchange Assistant. • Opened and managed up to 30 exchange accounts per month, with account balances totaling $25k to $25mm. • Negotiated exchange fees and interest breakdown with new clients and referral sources. • Advised exchangors and their tax and legal advisors on multiple types of transactions, including delayed, simultaneous, built-to-suit or construction and reverse exchanges. • Reviewed escrow instructions, title policies, and exchange documents; estimated and final closing statements for accuracy, completeness and conformance to prescribed legal requirements. • Educated real estate and escrow professionals, exchangors and exchange assistants on the nuances of 1031 Tax Deferred Exchanges. Thomas Forest Resume Page 1 of 2
PROFESSIONAL EXPERIENCE CONTINUED
• • •
•
Selected to work directly with General Counsel on Reverse Exchange accounts and Built-to-Suit/Improvement Exchange accounts. Chosen as only Administrator to receive authorization to both input and release wires on online banking. Confirmed and supervised funds receipts and wire releases; scheduled the release of funds for deposits, purchases, and funds released on failed exchanges. Reconciled accounts and supervised federal tax withholdings on qualifying files.
New York Title Company, New York, NY Escrow Assistant, 1999 • Responsible for opening, processing and closing escrow files, transmitting escrow instructions to sellers/buyers and lenders, and preparing escrow closing statements. • Proofread and transmitted title policies, grant deeds, quitclaim deeds and other pertinent papers. • Scheduled and met with buyers for loan document signing and review of estimated closing statement; scheduling follow up meetings if necessary to complete transactions. EFS Financial, Hudson Valley, NY Funder, 1996 – 1999 • Reviewed loan packets submitted by car dealerships for loan processing. • Completed special loan packets by working directly with credit analysts, sales managers, collections personnel, and dealer center managers. Executive Secretary, 1995 – 1996 • Provided administrative support to dealer center manager, sales managers, credit analysts, collections department and corporate office. Michelson & Snider, New York, NY Legal Secretary, 1994 – 1995 • Assisted lawyers in researching work and preparing exhibits for trial cases. EDUCATION Federation of Exchange Accommodators Certified Exchange Specialist, 2009 New York University, New York, NY Bachelor of Science in Business Administration • Minor in Economics ADDITIONAL SKILLS
• • •
Proficient in Microsoft Office (including Access and Powerpoint) Legal Machine Transcription/Legal Office Procedures Ten Key
Thomas Forest Resume Page 2 of 2
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