Director of Property Accounting - Prime Group Holdings, LLC

Prime Group Holdings, LLC, a vertically-integrated private equity real estate firm focused on self storage and other alternative real estate asset classes, has an exciting opportunity for a talented Director of Property Accounting in Saratoga Springs, NY.

With $6.6 billion in assets under management, Prime Group is one of the largest private owners and operators of self storage properties in the world, owning and operating over 310 self storage assets in 28 states, two Canadian provinces and the U.S. Virgin Islands containing over 23 million rentable square feet. The firm manages three flagship funds on behalf of a global investor base, including the largest self storage dedicated fund ever raised, Prime Storage Fund III.

Headquartered in Saratoga Springs, NY, Prime Group has more than 700 employees. The firm has a regional office in Jupiter, FL and investment originations offices in Denver, CO, Hackensack, NJ, Yorktown, VA and Calgary, Alberta. Prime Group’s 21-person senior leadership team is supported by teams including sourcing and acquisitions, asset and portfolio management, compliance/legal, property management, information technology, transactions/financing, marketing, accounting and training, among others.

Prime Group’s success is built on a culture of respect, teamwork, business ethics, accountability and persistence. The company deeply values the strong relationships it has built with its customers, employees, investors and stakeholders. Pitchbook, a leading resource for comprehensive data, research and insights spanning the global capital markets, named Prime Group as one of the top 10 real estate value-add fund managers in Pitchbook’s 2023 Global Manager Performance Score League Tables.

Essential Responsibilities

• Oversee a team of property accountants (currently six professionals), who are each responsible for 50-60 self storage properties
• Train, develop and grow team to meet the needs of the business, including evaluation of roles/responsibilities, repositioning of staff, setting performance goals and providing regular feedback
• Coordinate monthly close activities, including accruals, reconciliations and preparation of management financial statements
• Monitor daily cash balances and cash forecasts to ensure liquidity needs are met
• Assist with treasury operations, including cash positioning, wire transfers, and bank account administration
• Liaise with Accounts Payable, Investor Reporting, Asset Management, Operations and other internal teams to develop best practices and provide support
• Manage banking relationships, negotiate banking services and fees and support local banking needs for individual storage properties
• Collaborate with internal teams to ensure compliance with financial policies and procedures
• Assist in the coordination of audits and provide necessary documentation to auditors
• Contribute to process improvement initiatives to enhance the accuracy and efficiency of financial operations, leveraging technology to drive automation and reduce manual processes
• Stay informed about changes in accounting regulations and standards
• Provide financial insights and recommendations to senior management
• Perform other duties and ad-hoc projects as assigned by the EVP of Accounting and Chief Financial Officer

Qualifications

• Bachelor's degree in Accounting, Finance, Economics or related field
• 10+ years’ experience in corporate/managerial accounting
• Knowledge of accounting software and ERP systems; proficiency in Microsoft Excel
• Leadership and team management experience, with the ability to motivate and develop a team
• Excellent analytical, strategic thinking and problem-solving skills
• Customer service mindset and attitude
• Effective communication skills with the ability to present complex financial information to stakeholders
• Ability to prioritize workload, meet deadlines, and work effectively in a fast-paced environment
• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation preferred

Compensation

• Competitive rate of pay and a generous benefits program
• Salary commensurate with experience
• Medical, Dental, life, vision, short-term disability, and long-term disability insurance program
• Paid vacation time; paid sick time; paid holidays

Equal Opportunity Employer Statement

Prime Group Holdings is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected