Job Description
Who isĀ CoStarĀ Group?
CoStar Group (NASDAQ: CSGP)āÆis 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 worldās real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.āÆĀ
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to createĀ truly uniqueĀ and valuable offerings to our customers.āÆĀ WeāveĀ continually refined,Ā transformedĀ 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 deliverĀ forĀ our customers, our employees, and investors.⯠By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.Ā
RoleOverview:Director of Technical Accounting
Arlington, VA | In office, Monday-Friday
CoStar Group is seeking candidates for aDirector of Technical Accountingto be a key member of its Corporate Controllerās Organization. The Director will be responsible for providing technical accounting and reporting research and guidance for financial transactions, developing and monitoring compliance with the Corporationās accounting policies and internal control requirements, analyzing proposed accounting standards, oversight of the external financial reporting function, and assisting in the development the Corporationās positions on emerging accounting and reporting matters.Ā
Additionally, this role willbe responsible formanaging and developing team members. We are focused on hiring individuals whopossessa combination of strong leadership and technical skills and have a passion for being innovative and delivering exceptional ideas and service to our stakeholders.
Responsibilities
Lead and manage technical accounting assessments andprovidehigh-level guidance on complex transactions to senior management and key stakeholders
Provide ad-hoc technical accounting guidance and collaborate with the finance, legal, and operations teams on internal inquiries
Lead M&A technical accounting assessments, collaborating with internal teams and third-party specialists todetermineaccurateaccounting treatment. This includes reviewing net working capital,validatingclosing balance sheets, and preparing purchase accounting journal entries
Conduct technical accounting research under U.S. GAAP, IFRS, and statutory accounting frameworks and prepare memos on non-routine transactions, including revenue recognition, lessee and lessor accounting, business combinations, segments, stock-based compensation, and other technical topics
Overseeing the preparation and filing of Forms 10-Q/K, in addition to high involvement in 8-K and Proxy statement filings and ensuring the financial statements are consistent with U.S. GAAP and SEC rules, including newly issued and emerging pronouncements
Preparation of financial statements and other financial data for press releases, audit committee communications, and supplemental investor information
Support month-end, quarter-end, and year-end closing processes for technical accounting areas, including reviewing journal entries, footnote disclosures, and audit-related tasks
Participate in internal and external audits
Ensureappropriate accountingcontrol procedures are in place andmaintainedfor technical accounting analyses
Stay abreast of emerging accounting standards, evaluate their potential impact on the organization, and ensuretimelyadoption and disclosure
Developing, coordinating, and leading internal accounting and reporting training courses
BasicQualifications
10 years of experience at a Big 4 accounting firm (preferred) and a technical accounting role for a large public entity
CPA designationrequired
Bachelorās degree in Accounting, Finance, or a related business discipline from an accredited, not-for-profit University or College
A track recordof commitment to prior employers
Expertisein GAAP, including ASC 842, ASC 805, ASC 606, and ASC 360 and U.S. SEC regulations
Extensive experience supporting M&A transactions, including the technical accounting documentation and processes involved
Strongproficiencyin technical finance, valuation, and business matters
Exceptional communication skillsāboth verbal and writtenāwith an ability to interact with senior executives, cross-functional teams, and external stakeholders
Proven ability to multitask, prioritize, and navigate fast-paced, unstructured environments
Self-starter with a results-oriented, highly organized approach and a keen sense of urgency
Experience in performing research related to technical accounting and reporting matters and writing technical memorandums
History ofconsensus-drivenleadership infacilitatingdecision-making, balancing technical rigor, businessobjectives, and risk considerations across diverse stakeholders
Develop, mentor, and influence ahighāperformingtechnical accounting team while fostering a culture of collaboration and accountability
PreferredQualifications
Experience applying IFRS in a multinational orcross borderreporting environment, including evaluating differences between U.S. GAAP and IFRS and advising stakeholders on accounting impacts
Strong technicalexpertisein equity instrument accounting, includingshare basedcompensation,equityāclassifiedandliabilityāclassified
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