Disbursement Team Leader

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with annual revenue of approximately $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, growing efficiency in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our distributed team delivers an outstanding combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands. For more information, please visit www.thermofisher.com.

Job Title: Team Leader for Vendor Payments and Disbursements (P2P)

Reports to: Manager Accounts Payable (P2P)

Group / Division: Global Business Services

Career Band: 5

Position Location: Budapest

Number of Direct Reports: approx. 6 to 9

Position Summary

This role oversees Vendor Disbursements Management for EMEA, ensuring compliance, accuracy, and timeliness of vendor/employee payments and bank uploads. It manages customer queries, accounts payable reconciliation, and reporting accuracy. Responsibilities include training, supervising business processes, monitoring statistics, and ensuring KPI compliance. Acts as P2P supervisor backup and supports management with reporting and updates.

Key Responsibilities

• Provides daily interaction, training, direction and oversight of staff activities to ensure coordination, accuracy and timely delivery of work outputs.
• Controls all functions associated with Disbursements.
• Monitors and supports payment inquiries.
• Facilitates daily workload distribution.
• Approves daily vendor payments, ensuring accuracy, compliance, and business continuity.
• Leads, coaches, and develops team members, fostering a high-performing and collaborative team environment.
• Monitors team workload, performance, and KPIs to ensure timely and high-quality service delivery.
• Acts as the primary escalation point for operational issues and stakeholder inquiries.
• Drives continuous process improvements and supports automation and standardization initiatives.
• Ensures compliance with internal controls, audit requirements, and company policies.
• Maintains business continuity through effective workload planning, cross-training, and backup coverage.
• Builds strong partnerships with internal stakeholders, Treasury, Finance, Procurement, and external banking partners.
• Supports projects, system implementations, and organizational change initiatives impacting the Disbursements function.
• Provides operational reporting and supports the Manager, Accounts Payable, in achieving departmental objectives.
• Ensures quality in customer service levels are maintained both internally and externally.
• Performs special projects and ad-hoc reporting as required within the functional area.
• Has supervisory and administrative responsibility for staff development, including hiring, performance management, coaching, counseling, succession planning, and career development.

Skills Required

• Demonstrated ability to develop and maintain financial controls.
• Previous Team Leader or people management experience is strongly preferred.
• Proven ability to lead, coach, and develop high-performing teams.
• Effective training skills and team building capabilities for rapid ramp-up of functional tasks within area of responsibility.
• Demonstrated leadership skills with strong oral and written communication, presentation, conflict resolution, and negotiation skills.
• Strong adaptability and ability to lead through change in a dynamic environment.
• Excellent stakeholder management and communication skills.
• Strong organizational, prioritization, and decision-making abilities.
• Analytical mindset with a focus on continuous improvement.
• Experience leading continuous process improvement projects resulting in measurable operational improvements.
• Ability to work under pressure while ensuring compliance and operational excellence.
• Proactive, accountable, and results-oriented approach.
• Ability to interface effectively with all levels of management, tailoring communication appropriately.
• Ability to develop credibility and build strong professional relationships with peers and senior leadership.
• Pays attention to detail, produces accurate work, and consistently meets deadlines.
• Ability to make accurate and timely decisions pertaining to accounts payable processes, recognizing the impact on customers and the business.

Education & Experience

• University or College degree.
• 3+ years prior experience in Shared Services or Global Business Services, preferably in Accounts Payable management.
• SAP, Coupa knowledge.
• Wallstreet knowledge.
• Proficient in English.
• Demonstrates Thermo Fisher Scientific values – Integrity, Intensity, Innovation and Involvement.

Benefits

Competitive Compensation Package: Benefit from a competitive salary, Cafeteria benefits (SZÉP-card allowance), and an annual performance-based bonus. Flexible working arrangements and monthly pension fund contributions after six months of employment are also included.

Comprehensive Health & Well-being Support: Enjoy a Medicover health insurance package with health screenings, life, accident, and critical illness insurance, as well as access to discounted dental care services. Stay active with a discounted All You Can Move Sport Pass and relax in our dedicated office areas equipped with massage chairs.

Career Growth & Professional Development: Advance your skills through soft and hard skill training, continuous learning opportunities, and complimentary language courses available after three months of employment.

Modern & Convenient Work Environment: Work in a modern office featuring standing desks and ergonomic chairs, located approximately 10 minutes from the city center, with complimentary parking provided.

Inclusive, Multilingual Culture: Join our multilingual work environment with native colleagues, fostering a vibrant, collaborative atmosphere supported by innovative technology.

Engaging Community & Events: Participate in exciting team and company events, including social responsibility initiatives and after-hours activities, as we celebrate diversity and shared achievements.

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability