Senior Manager, Lease Comp Quality Control

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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 customers. We’ve continually refined, transformed 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 deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.

The Role

CoStar delivers real-time, verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStar’s independent research organization – the industry’s largest – with global data delivery, software, and application solutions, clients can act on opportunities with confidence.

CoStar’s research and analytics teams are the heart of CoStar, capturing market-critical information that enables our commercial real estate clients to make informed, high impact business decisions daily. CoStar Group’s research contributes to the most important segment of our economy, helping businesses open offices, retail stores, warehouses, and manufacturing facilities. CoStar Group is seeking a Senior Manager, Lease Comp Quality Control to join our Real Estate Manager business unit.

This role plays a critical part in managing the Richmond, VA based quality control team and will be directly responsible for maintaining the integrity CoStar’s lease data, ensuring it meets the highest quality standards for our clients. As a Senior Manager, Lease Comp Quality Control at CoStar Real Estate Manager, you will be responsible for the hiring, training and the development of the quality control team, along with the Senior Director.  The Senior Manager will be responsible for ensuring the accuracy, completeness, and quality of the lease comparables (lease comps) data that has been analyzed and abstracted by our Lease Comp Research Associates. Additionally, this role will be responsible for all training and feedback relative to quality for the Lease Comp Research Associates Team. This position requires a comprehensive understanding of lease terms and real estate practices, exceptional attention to detail, strong reading comprehension, and a proven ability to manage a team and be responsible for the ongoing learning and development of team members.

This position is full-time in the Richmond office Monday through Friday. The role will report to the Senior Director, Lease Comps.

Responsibility:

Lead a team of Lease Comps Quality Control Analyst providing guidance, support, and mentorship to ensure high performance and professional development.Be directly responsible for the quality of CoStar’s lease comps data.Develop data governance protocols to ensure accurate data input and maintenance.Serve as an authority on legal interpretation of lease terms, ensuring consistency and accuracy in data abstraction and business application.Resolve escalated ambiguities or conflicts in lease language by applying legal judgment and company policy, providing definitive guidance to data teams and stakeholders.Maintain individual and team goals, track performance metrics and conduct regular performance reviews.Foster a collaborative and motivated team environment that emphasizes accountability and continuous improvement.Coordinate and manage the workload and activities of team members to ensure maximum productivity, efficiency and performance is achieved.Participate in collaborative development of training materials and ongoing development opportunities for the team.Actively coach team members to ensure consistent application of best practices and adherence to company standards.Review lease comps abstracted by the Lease Comp Research Associates to ensure data accuracy, consistency, and completeness.Assist in identifying and refining quality assurance processes, tools, workflows and training materials to enhance efficiency and accuracy.Collaborate with Lease Comp Research Associates to deliver training, guidance, and actionable feedback for process improvement.Assist the Senior Director, Lease Comps as requested with the hiring of Lease Comps ResearchersCollaborate with other company stakeholders as needed to drive product and development efforts that accelerate efficiencies and quality improvements.Maintain privacy and discretion with all data extracted from leases.Travel as expected to execute on job functions. Travel estimated to be less than 15%

Basic Qualifications:

Bachelor's Degree required from an accredited, not-for-profit University or College.10+ years of relevant work experience as a commercial lease attorney, contracts manager, lease administrator or lease abstractor of similar legal documents.Proven ability to directly lead a teamA proven track record of commitment to prior employers.Microsoft Excel 365 experience is required.Understanding of commercial lease structures and terminology.Excellent analytical and problem-solving skills, with attention to detail and accuracy.Effective communication skills, both written and verbal.Ability to manage multiple responsibilities, changing priorities, and excel in a fast-paced environment.Self-motivated and goal-oriented.

Preferred Qualifications and Skills:

Juris Doctor (JD) or equivalent legal training strongly preferred. Experience in contract law, real estate law, or lease interpretation is highly desirable.Minimum of 3 years of management experienceProven success performing to metrics or key performance indicators (KPI)

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, and tuition reimbursement.

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) 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