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Job Details

Disbursement Manager Accounts Payable

Company name
Federal Reserve Bank of New York

New York City, NY

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Primary Location: NY-New York City

Full-time / Part-time: Full-time

Employee Status: Regular

Overtime Status: Exempt

Job Type: Experienced

Travel: Yes, 10 % of the Time

Shift: Day Job


Individuals in this job family are involved in one or more of the following areas of responsibility; payments to vendors, discretionary payment to employees, card services.

Principal Duties and Responsibilities

Responsible for overseeing, reviewing, and analyzing staff transactions including reconciliations, metrics, procedures, conducting of business line training, contacting business areas/vendors, completing special projects and ad hoc requests/analysis within the disbursements operations. Additional principal responsibilities within disbursements includes formulating and executing on a holistic team strategy including risk assessment, development of talent bench, process improvement, and the leveraging of data management and technology concepts.

Provide day-to-day leadership and management of the team, holding self and team members accountable for performance excellence including meeting operational service level targets in a quality controlled manner. Must be comfortable being a change agent.

Set measurable objectives and development plans for staff, and develop and monitor progress on function goals and objectives to identify when revisions are required. Drive strategic workforce planning strategies as a normal course of business including management of staff capacity planning.

Provide functional expertise in disbursements, controls, and general financial operations and leadership to the team while ensuring the interests of the Department, District or System are served

Identify and drive implementation of operational improvements and business process re-engineering strategies to enhance department performance, manage risk, and benchmark to industry best practices.

Lead and participate in Bank or System meetings, tasks forces, workgroups, etc., pertaining to issues relevant to disbursement functions including conducting research, providing information, and preparing formal reports and recommendations for multiple levels of audiences.

Provide training and interpretations to employees/business areas on Accounting-specific policies

Collaborate with System colleagues (e.g., FSO, EASy CBAF, APSSC, NPO and LI-N CBAF ) on workgroups and/or to coordinate the testing of application launches and/or upgrades

Develop management reports and reconciliations to demonstrate oversight to ensure consistency to monitor results, and to assure compliance with accounting and audit principles.

Customer Service: Address varying degrees of complex questions from business areas and vendor inquires related to disbursements. Must be able to maintain utmost professionalism when servicing customers.

As a manager, be responsible for second level review and escalation or approval of varies activities including account balance reconciliations, vendor invoice processing, on-site/off site events, memberships.

Play a key role in facilitating audits by working closely with audit teams and the Corporate Group Risk Officer. Recommend and implement solutions to improve control and risk management environment. Raise emerging risks early.

Role will require candidate to apply moderate project management skills. Either leading or being a member of various efforts, initiatives, projects, work streams are part of the role. Project management concepts will need to be applied to be successful.

Key Competencies

Expertise: Demonstrates the essential financial and accounting operational knowledge/skills needed to perform the job. Strong knowledge of operational controls is essential.

Execution: Gets all assignments done on a timely basis and consistent with service level targets. Escalates issues in a proactive manner and develops prioritization strategy if needed. Must have strict attention to detail. Accuracy is paramount.

Analytical/Problem-Solving: Demonstrates the ability to identify and evaluate problems or issues. Develops options and recommendations based on available data and experience.

Communication: Initiates, maintains and facilitates the flow of needed information. Ability to adjust delivery of technical acumen to different audiences. Communications in a way that fosters development, training, and excellent customer service. Must have strong written and verbal skills. Ability to package key messages in a clear/crisp manner and synthesize data into relevant information.

Customer Service: Places a priority on attending to the needs and inquiries of customers from across the Bank and System.

Collaboration: Proactively develops relationships and has the ability to influence others. Should have excellent relationship management skills with an ability to form relationships at all levels of the organization. Develop high degree of trust within the team and client base while playing a key financial operations partnership role.

Self-Management: Demonstrates the ability to employ/channel personal resources (e.g. time, effort, talent) to produce desirable outcomes for the area/Bank. Financial Operations is a multi-faceted environment. Candidate must be comfortable handling multiple tasks simultaneously.

People Management: Strong ability to manage operational teams. Effectively enhances the development and ongoing performance of subordinates. Drives strategic workforce management principles.

Diversity and Inclusion: Actively supports the Bank`s diversity and inclusion agenda.

Organizational Agility: Build informal and formal relationships to accomplish objectives and an end-to-end perspective.

Supervisory Responsibilities

Managing a team between 5-7 disbursement team members. Must plan staffing capacity daily to accomplish work. Manage projects and address department initiatives including application launces/upgrades.

Job Requirements (including Education and Qualifications)

Undergraduate degree required preferably in Accounting, Finance, Operations Management;

Advanced degree, CPA, or other strong industry experience a plus

Minimum seven years financial industry experience with a minimum of three years leadership experience.

Generally a minimum of six to eight years of relevant experience.

This role will be based in East Rutherford, NJ until early 2019 when it will move to the New York City Office

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

The Federal Reserve Bank of New York is committed to a diverse workforce and to provide equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

Company info

Federal Reserve Bank of New York
Website :

Company Profile

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