CoStar Group

Senior Manager, Revenue Accounting - CoStar Group - Arlington, VA

CoStar Group$120K — $150K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Accounting or Finance from an accredited university.
  • 8+ years of relevant accounting experience with a solid background in SaaS and eCommerce accounting.
  • CPA designation is required.
  • Experience working in or auditing large international public companies is essential.
  • Deep knowledge of ASC 606 and revenue recognition, especially in subscription models.

Responsibilities

  • Manage revenue recognition and ensure compliance with ASC 606 for accurate reporting.
  • Oversee the review of customer contracts for proper accounting treatment.
  • Implement process improvements in revenue recognition and reporting.
  • Ensure compliance and internal controls in revenue processes, partnering with auditors.
  • Manage monthly and quarterly revenue close processes for accuracy and completeness.
  • Lead revenue-related accounting memos and technical assessments for complex transactions.
  • Collaborate with cross-functional teams to evaluate revenue implications and be a trusted advisor to leadership.

Benefits

  • Comprehensive healthcare coverage including medical, vision, and dental.
  • Access to mental health counseling services, both virtual and in-person.
  • 401(K) retirement plan with matching contributions.
  • Paid time off and tuition reimbursement for educational growth.
  • On-site fitness center and complimentary healthy snacks.
Full Job Description
Senior Manager, Revenue Accounting - CoStar Group - Arlington, VA


Job Description


RoleOverview: Senior Manager, Revenue Accounting

Arlington, VA | In-office, Monday-Friday

We are seekingaSenior Managerof Revenue Accountingtomanagerevenue accounting function.This role willbe responsible formanagingrevenue recognition, ensuring compliance with ASC 606,optimizingfinancial processes, and partnering cross-functionally to support Costar's continued growth.

The ideal candidate has deepexpertisein SaaS/software and eCommerce business models, including subscription-based revenue streamsrevenue 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.

Revenue Accounting & Compliance

  • Managerevenue recognition in compliance with ASC 606, ensuringaccurateandtimelyrevenue reporting.

  • Managethe review and interpretation ofcustomer contracts, ensuring proper accounting treatment and adherence to revenue policies.

  • Manageprocess 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.

  • Managemonthly 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 andidentifyingrisks.


Systems & Process Optimization

  • Enhance and automate revenue accounting processesleveragingOracleFusion.

  • Drive scalability in revenue operations to support Costar92s continued expansion across global markets.

  • Implement best practices for revenue forecasting and analytics toprovideactionable insights to finance and executive leadership.

Basic Qualifications

  • Bachelor92s degree in Accounting or Financeor related from an accredited, not-for-profit University or College.

  • A track recordof commitment to prior employers.

  • 8+ years of relevant accounting experience.

  • CPA designation is required.

  • Experience working in or auditing large international public companies.

  • Deepexpertisein ASC 606 and revenue recognition within SaaS/software and eCommerce business models, including subscription-based revenue streams.

Preferred Qualifications

  • 10+ years of progressive experience in revenue accounting, with at least 3+ years in amanagerrole.

  • CPA or equivalent designationstronglypreferred.

  • 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.

What92s In ItForYou?

Ifyou area driven professional looking for a high-growth, high-reward career, CoStarGroupoffers the ideal opportunity.Be part of a best-in-class companywith strong year-over-year growththat invests inyour success.Enjoy a rewarding atmosphere where you can learn, excel, and grow.

When you join CoStar Group,you92llexperience 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) retirementplanwith 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 Group92s Employee Resource Groups

  • Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks

Sponsorship

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

#LI-KC3


About CoStar Group

CoStar Group is a provider of information, analytics and marketing services to the commercial property industry in the United States, Canada, the United Kingdom, France, Germany, and Spain. Founded in 1987 by Andrew C. Florance, the company has grown to include online database CoStar and many online marketplaces, including Apartments.com, LoopNet, Lands of America, and BizBuySell. CoStar Group was founded in 1987 by Andrew C. Florance in Washington, D.C. In 1998, the company became a public company via an initial public offering on the NASDAQ, raising $22.5 million. In 2004, CoStar Group, Inc. v. LoopNet, Inc. became a landmark case in copyright law. In October 2009, the company acquired a building in Washington, D.C., now its headquarters, from the Mortgage Bankers Association for $41.3 million. The building had sold 2 years earlier for $79 million and the company claims it used its analytics data to know the right time to buy. In April 2012, CoStar Group acquired LoopNet for $860 million. In April 2014, the company acquired Apartments.com for $585 million. In April 2015, the company acquired Apartment Finder for $170 million. In July, the company acquired Belbex an online marketplace and information provider for commercial property based in Spain. In February 2017, the company acquired Westside Rentals. In February 2018, the company acquired ForRent.com from Dominion Enterprises for $350 million in cash and $35 million in stock. In October, the company acquired Realla.co an online marketplace for commercial property based in the United Kingdom. In November, the company acquired Cozy Services for $68 million.
Learn more about CoStar Group
Size
4,742 employees
Market Cap
$31.3 billion
Industry
Net Income
$227.1 million
Founded
1987
5 Year Trend
+18.3%
Revenue
$1.6 billion
NASDAQ

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