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Project Services Accountant at Deloitte Nigeria

Posted on Tue 15th Oct, 2024 - hotnigerianjobs.com --- (0 comments)


Deloitte is the largest private professional services network in the world. Everyday, approximately 286,200 professionals in more than 150 countries demonstrate their commitment to making an impact that matters. Our West Africa practice serves multinationals, large national enterprises, small and medium-sized enterprises and the public sector across Nigeria and Ghana.

In Nigeria, Deloitte is one of the leading professional services firms, specializing in providing Audit, Tax, Consulting, Risk Advisory and Financial Advisory services. We serve clients in a variety of industries from financial services, consumer, telecommunications, media & technology, energy resources & Industrial and government and public services.

We are recruiting to fill the position below:

Job Title: Project Services Accountant

Location: Ozumba Mbadiwe Avenue, Eti-Osa - Lagos
Job type: Full-time
Service Line: Internal Client Services

Summary of Role Responsibilities

  • We are looking for an exceptional Project Services Accountant to join our Finance Team.
  • Effectively delivers engagement management or Project Services (PS) support to the business (as per dedicated Service Line) for a portfolio of engagements that are medium in size and or complexity.
  • Executing on PS tasks within the business to aid compliance with standardized PS processes and controls. Responsible for ensuring that revenue and WIP is valid, accurate and complete.
  • Has solid understanding of PS accounting to effectively troubleshoot and prevent revenue, WIP and other project services issues.

Responsibilities
General Project Services accounting and tasks:

  • Perform a basic first-level revenue and WIP analysis and provide feedback to the Service Line Business Partners on the results.
  • Support Project Services close over month-end including General PS assistance to business and query resolution.
  • Provide relevant information to enable engagement management (project profitability, timesheets, expenses, copies of invoices and statements).
  • Manage replacement of Project Owners (Manager, Billing Partner, Proxy, project leaders or AR Party).

Budgets / Profitability:

  • Effective use of time, equipment and resources.

WIP and Revenue:

  • Prepare WIP reconciliations upon request.
  • Facilitate Interfirm accrual confirmations and accurate recording for project related costs.
  • Compiling WIP, revenue and debtors information for business.
  • Provide an estimate revenue position to budget/ forecast.
  • Prepare customised and specific reports for engagements.
  • Prepare journals to be processed for the correction of WIP / POA allocations.

Opening of Project Codes:

  • Timely and accurate opening of project codes (Code creation and set-up).
  • Provide support to the Project Director/ Project Manager during the QRM process where needed.  
  • Enforce compliance of governance requirements in the way that codes are opened.
  • Oversee the code opening integration of Phoenix to SAP S/4HANA, and loads any additional information required by SAP.

Billing:

  • Submit zero rated/ exempt VAT invoices to the Regional Tax Hub for tax compliance checks.
  • Load the invoices on client portals and/or submit invoice to the client.
  • Manage the credit note process and creates Cr-notes.

Project Services Training:

  • Support the Senior Project Service Accountant /Finance BP in training new joiners and experienced staff as and when required.

Project Expenses:

  • Direct business on how to create PO for project related expenses.
  • Monitor project expenses for billable vs non-billable and ensure these are accounted for correctly to ensure accurate revenue.

Code Closure:

  • Ensure timely project code closure.
  • Ensure profit/loss impact of projects after project completion are reviewed and recognised correctly.
  • Support the process to close codes where there has been no activity for an extended period.

Action Day shape exception reporting:

  • Identify and escalate write back errors and unlinked code.

Other:

  • Assist the Senior Project Service Accountant to action Project Services related exception reports (missing time, invoices not posted, unapproved overtime, projects past end date, revenue received errors).
  • Conduct Project Services quarterly regression testing.

Qualifications

  • Possess a Bachelor's Degree (B.Sc.) or Higher National Diploma (HND) in Accounting or Finance related discipline with a minimum of Second-Class Lower Division or Lower Credit.
  • Master’s degree/MBA will be an advantage.
  • Have a minimum of five credits in WASSCE Ordinary Level/NECO subjects or acceptable equivalent examination, including Mathematics and English Language in one sitting only.
  • Minimum of 4 years post qualification experience
  • Professional Qualification (ICAN/ACCA) will be an added advantage.

Application Closing Date
24th October, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online


  

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