Senior Product Manager, Lease Accounting

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. 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 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 ("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

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…