Director of Revenue Accounting
Director of Revenue Accounting
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1 Vacancy
Job Description
Job Description
CoStar Group Company Intro:
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 and the NASDAQ 100 CoStar Group is on a mission to digitize the worlds 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.
Weve 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 Description:
We are seeking a strategic and handson Director of Revenue Accounting to lead our global revenue accounting function. This role will be responsible for overseeing revenue recognition ensuring compliance with ASC 606 optimizing financial processes and partnering crossfunctionally to support Costars continued growth.
The ideal candidate has deep expertise in software/SaaS revenue accounting a strong technical accounting background and experience in scaling revenue accounting operations in a highgrowth environment.
This role will also require periodic travel to support integration efforts across newly acquired entities ensuring alignment of revenue processes and systems.
Revenue Accounting & Compliance:
Oversee global revenue recognition in compliance with ASC 606 ensuring accurate and timely revenue reporting.
Lead the review and interpretation of customer contracts ensuring proper accounting treatment and adherence to revenue policies.
Drive 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 revenuerelated audit requirements.
Oversee monthly and quarterly revenue close processes ensuring completeness accuracy and proper cutoff.
Manage revenuerelated accounting memos and technical assessments for complex transactions
Crossfunctional 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 revenuerelated matters providing insights and recommendations for business decisions.
Lead mentor and develop a highperforming 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 processes leveraging Oracle.
Drive scalability in revenue operations to support Costars continued expansion across global markets.
Implement best practices for revenue forecasting and analytics to provide actionable insights to finance and executive leadership.
Basic Qualifications:
Bachelors degree in Accounting or Finance or related from an accredited notforprofit University or College.
A track record of commitment to prior employers.
10 years of relevant accounting experience.
Experience working in or auditing large international public companies.
Preferred Qualifications:
10 years of progressive experience in revenue accounting with at least 3 years in a leadership role.
Deep expertise in ASC 606 and revenue recognition for the software/SaaS industry.
CPA or equivalent designation strongly preferred.
Experience working in a highgrowth global organization.
Strong analytical communication and stakeholder management skills.
Ability to thrive in a fastpaced environment and drive continuous process improvement.
Whats in it for you
When you join CoStar Group youll 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 performancebased incentives. CoStar Group also invests in your professional and academic growth with internal training tuition reimbursement and an interoffice exchange program.
Our benefits package includes (but is not limited to):
Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
Life legal and supplementary insurance
Virtual and inperson 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
Onsite fitness center and/or reimbursed fitness center membership costs (location dependent)
Access to CoStar Groups Diversity Equity & Inclusion 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 fulltime 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 drugfree workplace and perform preemployment substance abuse testing.
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drugfree workplace and perform preemployment substance abuse testing
Required Experience:
Director
Employment Type
Full-Time
