A Disbursement Specialist is a specialized accounting person, who undertakes responsibility for working with fund distribution from a financial institution. Working for banks, financial institution and other company’s these professionals fulfill the following duties mentioned on the Disbursement Specialist Resume – processing and releasing local and international disbursements on daily basis; reviewing wire requests to ensure accuracy, leading disbursement related research, and responding to accounting or other departments, developing and maintaining weekly cash forecasts, analyzing and identifying improvement process opportunities, and providing the necessary data reports.
Those interested in this field should be familiar with the laws and contracts in the area of expertise and have a good knowledge of title insurance and real estate laws, regulations and policies. They have to understand the state and local laws and have strong organizational skills as well. A solid understanding of all procedures in dealing with domestic and international regulations relating to banking transactions is preferred. A degree in accounting or finance is mandatory.
Objective : Detail-oriented Disbursement Specialist with 5 years of experience in financial administration and fund management. Proven track record in processing disbursements and ensuring compliance with financial regulations.
Skills : Financial Software, Data Analysis, Disbursement Processing, Budget Management
Description :
Oversaw financial administration for loans and grants, ensuring compliance with regulations.
Collaborated with management to monitor project disbursements and provide guidance.
Supervised fund allocation to ensure proper use of disbursed resources.
Processed disbursement applications for projects totaling approximately $400 million.
Verified application documents for accuracy and completeness before processing.
Reviewed project accounts to identify potential financial risks and recommend actions.
Coordinated timely processing of travel itineraries and related expenses.
Experience
2-5 Years
Level
Junior
Education
BSc Finance
Disbursement Specialist Resume
Headline : Detail-oriented Disbursement Specialist with 7 years of experience in managing financial transactions, ensuring compliance, and optimizing disbursement processes. Proven track record in enhancing operational efficiency and accuracy.
Managed disbursement processes, ensuring timely and accurate payments to vendors and stakeholders.
Analyzed financial reports to maintain expenditure controls and optimize budget allocations.
Collaborated with departments to adjust budgets in response to program changes and financial needs.
Prepared detailed budget reports for management review, highlighting variances and trends.
Reviewed budget estimates for accuracy and compliance with financial regulations.
Established policies for budget directives, ensuring adherence to organizational standards.
Coordinated appropriations for specific programs, aligning them with broader financial strategies.
Experience
5-7 Years
Level
Executive
Education
BSA
Disbursement Specialist Resume
Summary : Detail-oriented Disbursement Specialist with 10 years of experience in managing payables, processing transactions, and ensuring compliance. Proven track record in optimizing disbursement processes and enhancing financial accuracy.
Skills : Microsoft Office, Sage Accounting, Microsoft Great Plains, JD Edwards Financials, Accounts Reconciliation
Description :
Managed all payables and disbursement postings for Trust Accounts, ensuring accuracy and compliance.
Generated checks and transmitted check files to individual Bank Clients efficiently.
Established and posted Scheduled Payables and Disbursements, optimizing cash flow.
Executed and recorded Sweep transactions within specified deadlines.
Set up and posted interest calculations and matured CDs, maintaining financial integrity.
Collaborated with Banks and Trust Companies via email and phone to resolve transaction requests.
Conducted daily reconciliations of bank transactions to ensure accuracy and prevent discrepancies.
Experience
10+ Years
Level
Senior
Education
BSA
Disbursement Specialist Resume
Summary : Detail-oriented Disbursement Specialist with 10 years of experience in accounts payable, invoice processing, and vendor management. Proven track record of ensuring timely payments and maintaining accurate financial records.
Skills : Financial Software, Data Analysis, Document Management, Data Entry, Accounts Payable
Description :
Managed the complete accounts payable process, including invoice entry, GL coding, and payment processing.
Provided exceptional vendor support, addressing inquiries and resolving issues promptly.
Ensured compliance by obtaining and verifying W-9 forms for vendor setup.
Assisted employees with expense reports, ensuring timely reimbursements.
Reviewed and approved expense reports, verifying accuracy and coding.
Promoted direct deposit options to employees, facilitating smooth payment processes.
Collaborated with the Finance team to ensure accurate and timely vendor payments.
Experience
10+ Years
Level
Senior
Education
BSA
Disbursement Specialist Resume
Headline : Detail-oriented Disbursement Specialist with 7 years of experience in processing payments, managing vendor relationships, and ensuring compliance with financial regulations. Proven track record of accuracy and efficiency in disbursement operations.
Skills : Microsoft Excel, Payment Processing, Financial Reporting, Data Analysis, Regulatory Compliance
Description :
Processed disbursements for loans, ensuring accuracy in fees and compliance with regulations.
Verified and reconciled payoff amounts, taxes, and vendor fees to ensure timely payments.
Collaborated with closers to resolve discrepancies and ensure smooth transactions.
Executed fund disbursements through wire transfers and checks, maintaining strict adherence to protocols.
Managed the printing and shipping of checks, ensuring timely delivery to vendors and clients.
Maintained high productivity levels during peak periods, meeting all deadlines.
Adapted to workflow changes, effectively communicating with management and team members.
Experience
5-7 Years
Level
Executive
Education
B.S. Finance
Disbursement Specialist Resume
Objective : Detail-oriented Disbursement Specialist with 5 years of experience in processing payments, managing accounts payable, and ensuring compliance with financial regulations. Proven ability to streamline disbursement processes and enhance accuracy.
Executed disbursement processes for multiple accounts, ensuring timely and accurate payments.
Managed accounts payable, including invoice processing and payment approvals.
Developed and maintained procedure manuals to align with updated financial regulations.
Reconciled accounts and resolved discrepancies to maintain accurate financial records.
Processed end-of-day balancing for disbursement transactions, ensuring accuracy.
Coordinated with vendors to verify payment details and resolve issues promptly.
Utilized strong time management skills to prioritize tasks and meet deadlines effectively.
Experience
2-5 Years
Level
Executive
Education
B.S. Finance
Disbursement Specialist Resume
Headline : Detail-oriented Disbursement Specialist with 7 years of experience in processing payments, managing invoices, and ensuring compliance with financial regulations. Proven track record in optimizing disbursement processes and enhancing customer satisfaction.
Collaborated with cross-functional teams to gather necessary information for disbursements.
Experience
5-7 Years
Level
Junior
Education
B.S. Finance
Disbursement Specialist Resume
Objective : Detail-oriented Disbursement Specialist with 5 years of experience in processing vendor payments, managing accounts, and ensuring compliance with financial regulations. Proven track record of accuracy and efficiency in disbursement operations.
Prepared and coded manual vouchers for vendor payments, ensuring compliance with financial policies.
Processed vendor disbursements based on accurate invoice reconciliation, maintaining a 99% accuracy rate.
Generated remittance information for checks, enhancing communication with vendors.
Coordinated with banks for stop payments and check status inquiries, ensuring timely resolutions.
Managed petty cash transactions across 8 locations, maintaining accurate records and compliance.
Updated vendor payment information in the financial system, improving data accuracy and accessibility.
Conducted account reconciliations for disbursements, ensuring all transactions were accurately reported.
Experience
2-5 Years
Level
Executive
Education
BSA
Disbursement Specialist Resume
Summary : Detail-oriented Disbursement Specialist with 10 years of experience in financial management, ensuring accurate and timely disbursements. Proven track record in optimizing processes and maintaining compliance with regulations.
Progressed from closing coordinator to Team Lead, overseeing disbursement operations.
Managed the complete disbursement process, ensuring compliance across all transactions.
Maintained effective communication with banks, abstractors, and borrowers to facilitate smooth operations.
Conducted thorough research on incoming and outgoing funds, ensuring accurate entries.
Oversaw account management for 23 educational institutions, ensuring timely disbursements.
Reviewed and approved disbursement batches for multiple Financial Aid Directors, ensuring accuracy.
Trained new staff on disbursement procedures and compliance requirements.
Experience
10+ Years
Level
Senior
Education
BSF
Disbursement Specialist Resume
Summary : Detail-oriented Disbursement Specialist with 10 years of experience in processing payments, managing audits, and ensuring compliance with financial regulations. Proven track record in optimizing disbursement processes and enhancing operational efficiency.
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