Project Services Accountant at Deloitte

Job Description

Main responsibilities include:

• 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.

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
• Plays a support role with regard to WIP confirmation requirements
• Compiling WIP, revenue and debtors info for business
• Prepares revenue and WIP commentary
• Provides an estimate revenue position to budget/ forecast after factoring in any adjustments that are yet to be made
• Daily revenue flashes over month end distributed to leadership
• Prepares customised and specific reports for engagements
• Preparation of journals to be processed for the correction of WIP / POA allocations
• Quarterly cost of quality review (Consulting only)

Opening of Project Codes

• Ensures timeous and accurate opening of project codes (Code creation and set-up)
• Assists the Project Director/ Project Manager during the QRM process where needed.
• Assists Business in collating the required information (such as the project plan, billing schedule and resourcing) to open a project code  
• Verifies accuracy and completeness of information required to open project codes 
• Enforces compliance of governance requirements in the way that codes are opened 
• Communicates code governance requirements to business as and where needed  
• Ensures that the correct contract type is selected in order for the correct revenue recognition methodology to be followed  
• Oversees the code opening integration of Phoenix to SAP S/4HANA, and loads any additional information required by SAP  

Billing

• Creates invoices
• Submit zero rated/ exempt VAT invoices to the Regional Tax Hub for tax compliance checks   
• Loads the invoices on client portals and/or submit invoice to the client.
• Attend to client queries after submitting invoices.
• Manages the credit note process and creates Cr-notes

Project Services Training

• Supports the Snr PSA/Finance BP in training new joiners and experienced staff as and when required in order for business to be able to understand how to fulfill certain PS tasks themselves.

General Project Services accounting and tasks

• Performs a basic first-level revenue and WIP analysis and provides feedback to the Service Line Business Partners on the results 
• Supports Project Services close over month-end including General PS assistance to business and query resolution
• Provide relevant information to client facing staff to enable engagement management (project profitability, timesheets, expenses, copies of invoices and statements)
• Effect any required adjustments, based on instruction from Business to the monthly forecast to ensure accurate revenue recognition   
• Manages replacement of Project Owners (Manager, Billing Partner, Proxy, project leaders or AR Party)
• Liaise with MDM team for any required changes (Bill to parties, VAT details, addresses etc.)

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

• Assists Business with timeous project code closure 
• Ensures profit/loss impact of projects after project completion are reviewed and recognised correctly 
• Supports 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 (nature of error to be determined and subsequently corrected on codes)
• Identify unlinked codes – Code in SAP needs to be linked to BRD code in Day shape to ensure correct integrations and accurate revenue received

Note that the Audit PSAs are allocated to countries across Africa and support this process Africa wide.

Other

• Assist the Snr PSA 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

Minimum Qualifications

• B Degree in Finance / Accounting

Minimum Experience

• 3-4 years in Finance and Accounting

Additional Information

Strategic Impact

• Client is the Internal Service Line or Service area for which the Finance Partner is responsible for
• Under minimal guidance, supports the team in the delivery of services to clients in line with the defined strategic objectives
• Supports management in the implementation of change initiatives as directed
• Develops relationships with peer group in the client business to understand their business
• Participates in team efforts to find solutions to address issues in area of expertise that may enhance / renew service offerings to client

Client Impact: Internal

• Works collaboratively with own team and that of the client service line/area to deliver quality service in allocated tasks
• Proactively consults with senior/s on issues arising that may impact the broader deliverables of the team to clients
• Provides research output relating to thought leadership / technical matters on request from line management

Operational Effectiveness

• Raises areas of concern related to own/team delivery of service for discussion and resolution
• With minimal supervision, completes designated tasks for review by line, ensuring deadlines are met
• Provides line manager and team with detailed reporting on status of deliverables on a regular basis
• Remains aware of risk in area of expertise in alignment with Deloitte policies and processes
• Checks work for accuracy and professional presentation prior to submission for review

Competencies

Technical

• Technical expert in specific functional area
• Demonstrated capability in interaction at all levels, briefing, analysis and project management skills
• Experience in drafting and delivering presentations
• Good report writing skills
• Sound financial knowledge and understanding

Behavioural

• Excellent communication skills, both written and verbal
• Good interpersonal and relationship building skills
• Mentorship and coaching ability with desire to develop self and others
• Strong client delivery focus
• Adaptable, managing change and ambiguity with ease
• Focus on quality and risk
• Problem solving ability
• Good business acumen