Director of Revenue Accounting

Director of Revenue Accounting

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 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 transactionsCross-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 OptimizationEnhance 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.We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office 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 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 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 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.

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