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

Senior Accountant, 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.

Overview: Senior Accountant, Revenue Accounting Arlington, VA | In-office, Monday-Friday   We are seeking hands-on Senior Accountant, Revenue Accounting to prepare workpapers for revenue accounting function. This role will be responsible for preparing workpapers related to revenue recognition, ensuring compliance with ASC 606, optimizing financial processes, and partnering cross-functionally to support Costar's continued growth. Revenue close responsibilities include preparation of (i) monthly journal entries, (ii) account reconciliations, and (iii) variance analyses related to the monthly results. This position will also collaborate with the Financial Planning and Analysis, Billings, Cash collections and Revenue Service teams to assist in the monthly close process and to understand fluctuations from budget and forecast.   The Senior Accountant should have a general knowledge Generally Accepted Accounting Principles (“GAAP”) and experience (i) working within a monthly close process, (ii) preparing journal entries and account reconciliations, (iii) identifying and improving monthly processes. The Senior Accountant should be eager to learn and demonstrate strong communication, time management and organizational skills. The Senior Accountant will 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, account reconciliations and variance analyses.   Revenue Accounting & Compliance:   Prepare workpapers related to revenue recognition in compliance with ASC 606, ensuring accurate and timely revenue reporting.  Prepare the workpapers and interpretation of customer contracts, ensuring proper accounting treatment and adherence to revenue policies.  Ensure to apply process improvements in revenue recognition, billing, and reporting to enhance accuracy and efficiency.  Ensure compliance and internal controls related to revenue processes.  Coordinate with external auditors to support revenue-related audit requirements. \ Prepare monthly and quarterly revenue close processes related workpapers, ensuring completeness, accuracy, and proper cut-off.    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.  Review 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.  Basic