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Job Description
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Overview
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 Clients. We’ve 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. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our Clients, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
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 company’s 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 Business Analyst – Product 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 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 position is in office Monday through Friday, based in either Metropark, NJ or Atlanta, GA.
Key Responsibilities
1. 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 (“external stakeholders”) 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 (“internal stakeholders”) to understand the impact of persistent lease accounting roadblocks and needs
Document and share updated best practices internally and externally as needed
2. 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 Manager to optimize business value, aligning customer demands, regulatory needs and company goals
3. 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 Manager and leadership to approve designs and ensure alignment with business goals
Partner with Engineering to ensure accurate execution and conduct testing for iterative improvements
4. 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
5. 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
Bachelor's Degree 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 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
Master’s Degree in Accounting, Finance, Business, or a related field or CPA
Product Owner or Business Analyst experience specific to accounting or financial software or similar
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’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), with yoga studio, Pelotons, personal training, group exercise classes
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.
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing