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Manager, Revenue Accounting - CoStar Group - Arlington, VA

Job Description

Who is CoStar Group?

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index, CoStar Group is on a mission to digitize the world's real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We've continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation.

This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.

Role Overview: Manager, Revenue Accounting

Arlington, VA | In-office, Monday-Friday

We are seeking hands-on Manager of Revenue Accounting to manage revenue accounting function. This role will be responsible for managing revenue recognition, ensuring compliance with ASC 606, optimizing financial processes, and partnering cross-functionally to support Costar's continued growth.

The ideal candidate has deep expertise in SaaS/software and eCommerce business models, including subscription-based revenue streams revenue accounting, technical accounting background, and experience in scaling revenue accounting operations in a high-growth environment. This role will require alignment of revenue processes and systems for our acquired entities.

TheManagershould have a general knowledge Generally Accepted Accounting Principles ("GAAP") and experience (i) working within a monthly close process, (ii)reviewing andpreparing journal entries and account reconciliations, (iii)identifyingand improving monthly processes. TheManagershould be eager to learn anddemonstratestrong communication, timemanagementand organizational skills. TheManagerwill have a strong work ethic and the ability to work both independently and collaboratively.

This position may get exposure to technical accounting issues and interactions with external auditors related to the close process, accountreconciliationsand variance analyses.

Revenue Accounting & Compliance:

• Manage revenue recognition in compliance with ASC 606, ensuring accurate and timely revenue reporting.
• Manage the review and interpretation of customer contracts, ensuring proper accounting treatment and adherence to revenue policies.
• Manage process improvements in revenue recognition, billing, and reporting to enhance accuracy and efficiency.
• Ensure compliance and internal controls related to revenue processes.
• Partner with external auditors to support revenue-related audit requirements.
• Manage monthly and quarterly revenue close processes, ensuring completeness, accuracy, and proper cut-off.
• Manage revenue-related accounting memos and technical assessments for complex transactions

Cross-functional Collaboration & Leadership:

• Collaborate closely with Sales, Legal, FP&A, and Product teams to evaluate revenue implications of new business models, pricing strategies, and product offerings.
• Act as a trusted advisor to senior leadership on revenue-related matters, providing insights and recommendations for business decisions.
• Lead, mentor, and develop a high-performing revenue accounting team.
• Review and interpret SaaS, software, and professional services contracts, ensuring proper revenue treatment and identifying risks.

Systems & Process Optimization

• Enhance and automate revenue accounting processesleveragingOracle.
• Drive scalability in revenue operations to support Costar's continued expansion across global markets.
• Implement best practices for revenue forecasting and analytics toprovideactionable insights to finance and executive leadership.

Basic Qualifications:

• Bachelor's degree in Accounting, Finance, or related from an accredited, not-for-profit University or College.
• A track recordof commitmentto prior employers.
• 7+ years of relevant revenue accounting experience withexperiencefrom Big 4or publicaccounting firm.
• Experience preparing or reviewing monthly revenue journal entries and account reconciliations and expertise in ASC 606, revenue recognition.
• Proven ability to multitask, prioritize, and navigate fast-paced.
• Self-starter with a results-oriented, highly organized approach and a keen sense of urgency.
• Strong project management, time management, and organizational skills.
• General knowledge of GAAP guidelines and ability to enhance knowledge and apply to a variety of situations.
• Familiarity with systems andoptimizinguse of systems to generate data for analyses.

Preferred Qualifications

• 9+ years of progressive experience in revenue accounting, with at least 1+ years in a manager role.
• CPA designation strongly preferred.
• Process implementation experience.
• Experience working in a high-growth, global organization.
• Strong analytical, communication, and stakeholder management skills.
• Ability to thrive in a fast-paced environment and drive continuous process improvement.
• Deepexpertisein ASC 606 and revenue recognition within SaaS/software and eCommerce businessmodels, including subscription-based revenue streams.
• Ability toleverageAIenabled tools and automation toenhance revenue accounting, improving efficiency, consistency, and documentation quality whilemaintainingstrong controls and professional judgment.

What's in it for you?

When you join CoStar Group, you'll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.

We offer you generous compensation and performance-based incentives. CoStar Group also invests inyour professionaland academic growth with internal trainingandtuition reimbursement.

Our benefits package includes (but is not limited to):

• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
• Life, legal, and supplementary insurance
• Virtual and in-person mental health counseling services for individuals and family
• Commuter and parking benefits
• 401(K) retirement plan with matching contributions
• Employee stock purchase plan
• Paid time off
• Tuition reimbursement
• On-site fitness center and/or reimbursed fitness center membership costs (location dependent)
• Access to CoStar Group's Employee Resource Groups
• Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position.

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing.

The final salary or hourly rate offered for this role will fall within the range set forth below based on a variety of factors, including but not limited to, geographic location, skills, and competencies.

Base Compensation: $116,000.00 - $158,000.00 Annually

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing