Technical Accounting & Internal Controls Manager

$88,700 - $159,500/Yr

CoStar Group - Washington, DC

Full-time - Mid Level

Washington, DC

Real Estate

About the position

The Technical Accounting & Internal Controls Manager at Group is a pivotal role that combines technical accounting expertise with a strong focus on internal controls. This position is responsible for assisting in due diligence and purchase accounting procedures for acquisitions, researching technical accounting matters, and preparing technical accounting memos for key business initiatives. Additionally, the manager will play a crucial role in the financial reporting process, ensuring compliance with US GAAP and SEC reporting requirements for complex transactions. In this role, the Technical Accounting & Internal Controls Manager will also lead the execution of the Internal Controls program. This includes managing various aspects of the program such as scoping, delivery, and reporting of results. The manager will collaborate closely with co-sourced internal audit resources, business owners, the information security team, and external auditors to ensure a robust internal control environment. The position requires extensive knowledge of SEC/PCAOB regulations, COSO, and IT Audit concepts, as well as the ability to monitor an effective global risk-based internal control environment that supports both financial and non-financial reporting. Given the rapid evolution of Costar Group through organic growth and acquisitions, adaptability to change is essential. The Technical Accounting & Internal Controls Manager will lead technical accounting assessments for new products, operational changes, partnerships, or other strategic initiatives, and assist in establishing accounting policies, particularly regarding revenue recognition. The role also involves performing contract reviews, control testing, and coordinating remediation of findings identified by SOX testers and external auditors. The manager will facilitate the use of data analytic techniques to drive opportunities for control improvements and efficiencies, while also providing guidance and training to management on SOX compliance and internal controls. This position is integral to supporting special projects and the Company's Enterprise Risk Management (ERM) program, collaborating with Corporate Accounting, Finance, and IT Compliance teams to ensure alignment with broader business objectives.

Responsibilities

• Lead technical accounting assessment for new products, operational changes, partnerships or other strategic initiatives and assist with establishing accounting policies, including impacts on revenue recognition.
• Perform contract reviews for accounting recognition and presentation considerations.
• Perform control testing and review control test results.
• Utilize dashboards to track, monitor and deliver control test status details.
• Coordinate remediation of findings and deficiencies identified by SOX testers and external auditors, identify root causes and advise control owners on internal control enhancements.
• Review controls to ensure adequate design and identification of key and non-key controls for critical processes/accounts, including rationalizing and optimizing controls through automation.
• Participate in the annual SOX risk assessment and scoping exercise.
• Serve as a liaison between management and the external auditors.
• Support management's review of third-party assurance reports, such as SOC1 reports, including user controls mapping for gap identification and deficiency impact evaluations.
• Monitor changes in the organization and processes to ensure the SOX controls are updated and the changes are communicated in a timely manner. Coordinate related documentation updates.
• Facilitate the use of data analytic techniques to drive opportunities for control improvements and control testing efficiencies.
• Provide guidance and training to management on SOX compliance and internal controls.
• Support special projects and the Company's ERM program, as needed. Collaborate with Corporate Accounting, Finance and IT Compliance teams.
• Develop and maintain strong relationships with Business Partners to understand the broader business objectives, and provide accounting guidance and best practice recommendations to enable process changes.
• Coordinate with external auditors.

Requirements

• Bachelor's degree in Accounting or Finance from an accredited, not-for-profit University or College.
• 5+ years of progressive corporate accounting, consulting, or audit experience with a focus on internal controls.
• CPA or CIA required.
• A track record of commitment to prior employers.
• Working knowledge of U.S. GAAP, SEC reporting requirements and audit methodologies.
• Knowledge of internal control framework (specifically COSO) to assess control design and operational efficiency.
• Extremely organized with a flexible mindset and willingness to embrace change.
• Excellent interpersonal skills.
• Excellent verbal and written communication skills.
• Self-motivated with high personal and professional integrity, with a willingness to dig into anything and everything to support the business.
• Excellent customer focus, a service mindset and the ability to partner closely with internal customers in a dynamic work environment.
• Self-directed individual with a focus on process improvement.

Nice-to-haves

• Hands-on experience with complex technical accounting issues, including expertise around revenue recognition (ASC 606), lease accounting (ASC 842), business combinations, multi-currency accounting, goodwill, segments.
• Familiarity with Workiva Controls Management and OneTrust is a plus.
• Experience in a Big 4 accounting firm.

Benefits

• 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)
• Access to Group's Diversity, Equity, & Inclusion Employee Resource Groups
• Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks