Director of Revenue Accounting

Director of Revenue Accounting

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Job Description

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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 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 Description: 

We are seeking a strategic and hands-on 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 cross-functionally to support Costar's 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 high-growth 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 revenue-related audit requirements.
•    Oversee 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 processes leveraging Oracle.
•    Drive scalability in revenue operations to support Costar’s continued expansion across global markets.
•    Implement best practices for revenue forecasting and analytics to provide actionable insights to finance and executive leadership.

Basic Qualifications: 
•    Bachelor's degree in Accounting or Finance or related from an accredited, not-for-profit 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 high-growth, global organization.
•    Strong analytical, communication, and stakeholder management skills.
•    Ability to thrive in a fast-paced environment and drive continuous process improvement.

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.
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