Senior Product Manager, Lease Accounting
Job Description
OVERVIEW
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Â Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the worldâs real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives. Â
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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 Clients. Â Weâve continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our Clients, and even our competitors. Â We continue that effort today and are always working to improve and drive innovation. Â This is how we deliver for our Clients, our employees, and investors. Â By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate. Â
Visual Lease
As the centralized system of record for all lease-related financial, operational, and legal data, Visual Lease, a CoStar Group company, is purpose-built to support every team involved in managing a companyâs leased and owned assets. Informed by nearly three decades of experience, our platform integrates lease management, lease accounting, and sustainability reporting, enabling organizations to save time, mitigate risks, reduce costs, and support sustainability initiatives. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment, and other leased asset records globally.
About the Role
We are seeking a passionate and knowledgeable Senior Product Manager, Lease Accounting to join our CoStar Real Estate Manager and Visual Lease teams focused on developing cutting-edge Lease Accounting and Portfolio Management solutions used by thousands of companies around the world. This role is integral to delivering new features and capabilities that align with complex accounting standards (e.g., ASC 842, IFRS 16, GASB 87) and other accounting compliance needs our customers will face as additional guidance is released. Your role will be to serve as the Subject Matter Expert and you will collaborate closely with our growing partner network, Product Managers, Designers, and Engineers to deliver a best-in-class user experience that meets both the technical and regulatory requirements of our global customer base across multiple products, while meeting high quality standards for customer satisfaction.
This is a full-time in office position based in either Woodbridge, NJ or Atlanta, GA.
Key Responsibilities
Be the Lease Accounting Expert: Organize and share best practices related to corporate lease accounting processes
- Stay updated on lease accounting rules established by domestic and international financial accounting governing bodies
- Leverage research and other educational content
- Engage key customers, prospects, service partners, analysts and industry subject matter experts (âexternal stakeholdersâ) to keep a pulse of lease accounting best practices and common needs and roadblocks
- Engage key internal teams such as Sales, Support, Implementation and Alliances (âinternal stakeholdersâ) to understand the impact of persistent lease accounting roadblocks and needs
- Document and share updated best practices internally and externally as needed
Maintain Backlog: Capture, groom lease accounting backlog items and inform prioritization decisions
- Serve as the primary point of contact to collect and prioritize all feedback related to lease accounting functionality
- Capture and continuously update backlog details for all Lease Accounting-related items so they reflect relevant insights from stakeholders and market research
- Use analytics tools to track product performance and drive improvements
- Provide prioritization recommendations to Product Leadership to optimize business value, aligning customer demands, regulatory needs and company goals
Design Release-Ready functionality: Design easy to use, effective and scalable lease accounting functionality to address market needs
- Document and share all technical requirements
- Collaborate with Product Designer to meet internal design requirements while addressing user needs
- Work with Product Leadership to approve designs and ensure alignment with business goals
- Partner with Engineering to ensure accurate execution and conduct testing for iterative improvements
Quality Assurance & Acceptance Testing
- Develop clear acceptance criteria and testing plans
- Lead user acceptance testing (UAT) and work with QA teams to identify and resolve defects
Ensure Adoption: Enable successful lease accounting product adoption
- Lead feature demos using realistic lease data. Communicate technical requirements clearly to internal teams in-person or virtually. Expose and address release risks.
- Recommend implementation and training approaches and ensure materials capture technical details
- Ensure GTM materials accurately capture functionality
- Gather feedback from internal stakeholders to determine customer acceptance and alignment
- Monitor and analyze adoption using user analytics (currently via Pendo) and support cases post-release (currently via Salesforce) to capture additional backlog items that address customer issues.
Basic Qualifications
- A bachelorâs degree is required from an accredited, not-for-profit University or College in Accounting, Finance, Business, or a related field
- 5+ years of direct experience in GAAP accounting, lease accounting, financial reporting, or compliance roles, demonstrating comprehensive knowledge of ASC 842, IFRS 16, or related standards.
- 3+ years of experience as a Product Manager, Product Owner or Business Analyst
- Familiarity with financial reporting (Lease Accounting Disclosures, Roll Forward Reports, Forecasting), audit processes, and regulatory compliance requirements for public and private entities.
- Comfortable working with engineering teams to effectively bridge the gap between technical needs and accounting needs.
- Ability to translate complex functional requirements into clear, actionable tasks.
- Excellent written and verbal communication skills to convey complex accounting and technical concepts to both business and technical audiences.
- A track record of commitment to prior employers.
Preferred Qualifications
- Masterâs degree in Accounting, Finance, Business, or a related field or CPA
- Product Manager, Product Owner or Business Analyst experience specific to accounting or financial software. Similar experience accepted and encouraged to apply.
- Ability to lead engineering ceremonies such as sprint planning, backlog refinement, and daily stand-ups with a balanced focus on delivery and quality.
- Ability to make and justify decisions confidently in the area of your expertise.
What We Offer
Working at CoStar Group means you will enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you will be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.Â
Our benefits package includes (but is not limited to):Â
- Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription DrugÂ
- Life, legal, and supplementary insuranceÂ
- Commuter and parking benefitsÂ
- 401(K) retirement plans with matching contributionsÂ
- Employee stock purchase planÂ
- Paid time offÂ
- Tuition reimbursementÂ
- Complimentary gourmet coffee, tea, prepared foods, fresh fruit, and other healthy snacksÂ
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. Â
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing