I say yes, you can log it under 61.51, so I think it is easy to explain. The FAA says you can log it. Now the company may disallow that time, just be prepared to give them whatever they want/need.
I've done applications and interviews where they've even disallowed all flight instruction PIC time, where I'm PIC in every sense of the meaning. It's all down to the people you're interviewing with.