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Disbursement Manager Jobs (NOW HIRING)

Disbursement Clerk

Chicago, IL · On-site

$40K - $50K/yr

Disbursement Clerk Malman Law - Chicago, IL About Malman Law At Malman Law, we have spent more than ... The ideal candidate is highly organized, able to manage confidential financial information, and ...

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... disbursement lifecycle. Job Summary/Basic Function: BASIC FUNCTION: Under the direction of the Director of Disbursements, the Disbursements Manager will be responsible for providing operational ...

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How much do disbursement manager jobs pay per year?

As of May 30, 2026, the average yearly pay for disbursement manager in the United States is $81,677.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,000.00 and $116,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Disbursement Manager, and why are they important?

To thrive as a Disbursement Manager, you need expertise in financial management, accounting principles, and a degree in finance or a related field. Familiarity with enterprise resource planning (ERP) systems, payment processing software, and often a CPA or similar certification is common. Strong analytical skills, attention to detail, and the ability to communicate effectively with stakeholders are crucial soft skills. These competencies ensure accurate, compliant, and timely disbursement of funds, supporting organizational financial health and regulatory adherence.

What are some common challenges a Disbursement Manager faces in ensuring timely and accurate payments?

Disbursement Managers often encounter challenges like managing high transaction volumes, navigating complex approval processes, and ensuring compliance with internal controls and external regulations. They must coordinate closely with accounting, procurement, and budget teams to prevent delays and errors in payments. Staying up-to-date with evolving financial technologies and maintaining strong attention to detail are essential for minimizing risks and maintaining smooth operations.

What are Disbursement Managers?

Disbursement Managers are financial professionals responsible for overseeing the distribution of funds within an organization. They ensure that payments, such as vendor invoices, payroll, grants, or reimbursements, are processed accurately and in compliance with company policies and regulations. Disbursement Managers typically monitor cash flow, manage payment schedules, and coordinate with other departments to resolve discrepancies. They play a crucial role in maintaining financial accountability and efficiency within a business or institution.

What is the difference between Disbursement Manager vs Accounts Payable Specialist?

AspectDisbursement ManagerAccounts Payable Specialist
CredentialsTypically requires a bachelor’s degree in finance or accounting; certifications like CPA or CPM are commonUsually requires a high school diploma or associate’s degree; certifications like AP Certification are advantageous
Work EnvironmentManages disbursement processes across departments, often in finance or accounting teamsHandles invoice processing and payment tasks within accounting or finance departments
Employer & Industry UsageUsed in corporate finance, government agencies, and large organizationsCommon in corporate finance, small to mid-sized companies, and government entities

The Disbursement Manager oversees the entire disbursement process, ensuring payments are made accurately and timely, while the Accounts Payable Specialist focuses on processing invoices and managing vendor payments. Both roles require financial knowledge, but the Disbursement Manager has broader responsibilities and often supervises the accounts payable team.

More about Disbursement Manager jobs
What cities are hiring for Disbursement Manager jobs? Cities with the most Disbursement Manager job openings:
What are the most commonly searched types of Disbursement jobs? The most popular types of Disbursement jobs are:
What states have the most Disbursement Manager jobs? States with the most job openings for Disbursement Manager jobs include:
Disbursements Manager

$108K - $118K/yr

Full-time

PTO

Posted 10 days ago


Job description

Disbursements Manager
Job no: 514159
Position type: Staff
Location: New York
Categories: Hybrid
Posting Summary:
The Office of Disbursements at Teachers College, Columbia University, is seeking a Disbursements Manager to provide operational oversight of the full payment disbursement lifecycle.
Job Summary/Basic Function:
BASIC FUNCTION:
Under the direction of the Director of Disbursements, the Disbursements Manager will be responsible for providing operational oversight for the full payment disbursement lifecycle. The Manager will be accountable for ensuring timely, accurate and compliant processing of the College's payrolls, vendor obligations, and employee reimbursements ensuring all financial disbursements align with contractual agreements, regulatory mandates and College policies. The incumbent will provide direct supervision of the Payroll and Accounts Payable Supervisors, overseeing an extended team of five.
RESPONSIBILITIES:
Payroll & Accounts Payable Support:
• Manage and serve as final approver for the full processing cycle of 3 distinct
Payroll and Accounts Payable activities including employee payroll, tax agency
payments, tax return filings, union deductions, vendor payments, and employee
business and travel-related expenditures.
• Process and reconcile all Payroll wage and tax data imported to LTtax, a Sovos
product.
• Ensure all payroll and vendor-related tax liabilities and withholdings including
deductions, are paid to the appropriate agencies in compliance with federal,
state and local regulations while managing the integration of payment data into
the General Ledger for transparent financial reporting.
• Investigate and respond to all General Ledger inquiries, discrepancies,
processing necessary adjustments in compliance with College accounting
standards.
• Respond to Payroll and Accounts Payable tax-related notifications, and customer
service inquiries to ensure timely and accurate resolution.
• Provide support in determining tax filing requirements for multi-state and local
jurisdictions.
• Ensure full compliance for non-resident alien populations by managing tax
account registrations, and conducting timely reconciliations to align payroll data
with regulations.
• Prepare and file all original, corrected, and amended tax forms ensuring the
timely submission of all federal, state, and local tax returns including forms 941,
945, 1042-S, W2 and 1099 series, with the appropriate tax authorities.
• Maintain all State Unemployment (SUI), Disability (SDI), Local, and Paid Family
Leave (PFL) withholding rates in Banner, including managing all tax table updates.
• Collaborate with various College departments to fulfill audit requirements and
reporting obligations.
Process Improvement & Technology:
• Assist the Director and Financial System's team in developing short and
long-term goals for business process improvements, enhancing internal controls
and spearheading technological innovations.
• Oversee and resolve all system integration issues related to disbursements.
• Assist in testing, reviewing, and authorizing all financial system upgrades.
• Authorize critical updates within the Banner, Sovos (LTtax, TaxNav), Unimarket,
and Emburse Enterprise environments.
• Participate in cross-functional and related project initiatives to ensure proposed
updates and changes to business processes consider the full impact, scope and
other requirements for the Disbursement functions.
Team Leadership & Process Training:
• Supervise, coach and mentor professional and union staff.
• Identify staff development needs and coordinate appropriate training to build
and enhance departmental skills and knowledge.
• Serve as the primary College liaison providing training and guidance to end users
on Payroll and Accounts Payable policies and procedures.
• Serve as a primary administrator for software managed by the Disbursement's
Department (Emburse Enterprise (Chrome River), Unimarket, Lttax, and TaxNav).
Other Duties as Assigned
Minimum Qualifications:
• Bachelor's Degree in Finance, Accounting, Business Administration, or a relevant
related field or an equivalent combination of education, training, and relevant
work experience.
• 3 years of recent experience in Accounts Payable and/or Payroll Management in
a related position
• 3 years of supervisory experience
• 3 years of recent experience with federal, multi-state, local, and NRA taxation
payments
• Experience with employee reimbursement and e-procurement systems
• Analytical, organizational, and problem-solving skills, with the ability to
effectively manage multiple tasks and deadlines
• Exceptional verbal and written communication and interpersonal skills, with a
proven ability to work independently as well as collaboratively in a dynamic
team-oriented environment
• Experience with an ERP System
• Ability to manage confidential and sensitive information with integrity and
professionalism.
Preferred Qualifications:
• 5 years of experience in Payroll Management and multi-state Tax Filing
• Experience with the Ellucian BANNER ERP System
• In-depth knowledge and experience with payroll withholding & unemployment
tax systems.
• In-depth knowledge of international tax software solution for non-resident alien
tax compliance
• CPP/CAPP or similar certification
• Experience in higher education or not-for-profit organizations
• Experience providing training and guidance to end users on Payroll, Accounts
Payable, and financial system processes
• Demonstrated ability to lead process improvement initiatives, implement
financial system upgrades, and streamline workflows.
Salary Range:
$108000 - $118000
Work Modality:
Hybrid
Equal Employment Opportunity
Teachers College is committed to fostering an inclusive academic community and to providing equal opportunity in employment. All qualified applicants will receive consideration regardless of race, color, sex, religion, creed, national origin, age, citizenship, disability, marital status, sexual orientation, veteran status, or any other category protected by applicable law.
If you would like to discuss any disability-related accommodations under the Americans with Disabilities Act, or a similar law, related to applying for employment at Teachers College, Columbia University, please email the Office of Access and Services for Individuals with Disabilities: oasid@tc.columbia.edu
Advertised: Apr 21, 2026 Eastern Daylight Time
Applications close:
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