Occupation: Financial Managers

TitleDisbursement Officer
LocationNew York, United States
AttendanceWork remotely
EmployerFoxFin Solutions
TypePart Time
Posted on01/28/2025
Apply

Job description

A Disbursement Officer is responsible for managing the efficient and accurate disbursement of funds on behalf of an organization. They play a critical role in ensuring that all financial transactions are processed in compliance with company policies and regulations, while maintaining proper documentation and ensuring accuracy in payments.


Key Responsibilities:


Fund Disbursement:

Process and verify requests for payments, including payroll, vendor payments, and other disbursements.

Ensure timely and accurate transfer of funds to intended recipients.


Financial Records Management:

Maintain detailed records of all disbursement transactions.

Reconcile accounts and resolve discrepancies in a timely manner.


Compliance:

Adhere to company policies, industry standards, and legal regulations related to financial disbursements.

Monitor transactions for potential fraud or irregularities.


Reporting:

Prepare periodic financial reports on disbursement activities.

Provide insights and recommendations to improve disbursement processes.


Collaboration:

Coordinate with other departments (e.g., HR, Procurement, Accounts) to ensure smooth payment processing.

Liaise with banks or financial institutions as necessary.


Audit Support:

Assist in internal and external audits by providing necessary documentation and clarifications.

Job qualifiers

0-1 years
QuickBooks
Financial Services
Administration and Management