D epartment o f D efense D efense F inance and A ccounting S ervice
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Your Financial Partner @ Work 1 Department of Defense Defense Finance and Accounting Service Indiana University October 3, 2002 Ron Cox & Noah Sturgeon
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D epartment o f D efense D efense F inance and A ccounting S ervice. Indiana University October 3, 2002 Ron Cox & Noah Sturgeon. DFAS Mission. We are the Accounting and Financial Reporting Arm of the Department of Defense. Our Vision. - PowerPoint PPT Presentation
Transcript of D epartment o f D efense D efense F inance and A ccounting S ervice
Your Financial Partner @ Work1
Department of DefenseDefense Finance and Accounting Service
Indiana UniversityOctober 3, 2002
Ron Cox & Noah Sturgeon
Your Financial Partner @ Work2
DFAS Mission
We are the Accounting and Financial ReportingArm of the Department of Defense
We are the Accounting and Financial ReportingArm of the Department of Defense
Your Financial Partner @ Work3
World-class provider of finance and accounting services
Trusted, innovative financial partner
Employer of choice, providing progressive and professional work environment
One organization, one identity
Our Vision
Your Financial Partner @ Work4
DFAS was created in 1991 by the
Secretary of Defense to reduce the cost of
DoD finance and accounting operations and
strengthen DoD financial management
through consolidation of DoD finance and
accounting services.
Some History on DFAS
Your Financial Partner @ Work5
DFAS LocationsDFAS Locations
San AntonioPensacolaOrlandoHawaii
LimestoneRomeArlington, HQNorfolkCharlestonJapan
Oakland San Bernardino Seaside San Diego
Denver St. LouisKansas City
Omaha Lawton
Dayton Indianapolis Lexington Rock Island
Columbus Europe Cleveland
Your Financial Partner @ Work6
World’s largest finance and accounting operation -
17,000 employeesService 5.5 million military members, military retirees
and annuitants, and DoD civiliansManage 231 active DoD Appropriations worth $517BManage a $171B Retirement Trust Fund$299 billion in disbursements annuallyProcess 11.1 million commercial invoices600,000 travel payments and settlements100 million accounting transactions annually
DFAS is Big Business
Your Financial Partner @ Work7
Direct Effect on our Military Forces
If We Take Early Payment Discounts...
…They Can Buy a Bradley Fighting
Vehicle
Your Financial Partner @ Work8
Direct Effect on our Military Forces
…They Can Buy a Blackhawk Helicopter.
If We Eliminate Prompt Payment Interest Penalties...
Your Financial Partner @ Work9
What’s In It For You???
Tuition assistance
Work-life balance
Other benefits
Your Financial Partner @ Work10
Tuition Assistance
Includes generous tuition reimbursement
Books & lab fees
Up to four classes per fiscal year (Oct.-Sep.)
Your Financial Partner @ Work11
Work-Life Balance
Flexible work schedule
Typical 40 hour work week
Flexible vacation scheduling
On-site child care (at some areas)
Your Financial Partner @ Work12
Other Benefits @ DFAS
Health and Life insurance
401K and matching funds
10 paid holidays
Paid sick days
Competitive salaries
Professional development
Your Financial Partner @ Work13
Professional Development
Entry Level Professional Accounting Program2-3 Year Professional Development Program
Noncompetitive advancement to target grade
Coaching and Mentoring
Formal training courses
Developmental & rotational assignments
Your Financial Partner @ Work14
Rotational Assignment Examples
Provide technical experience, access to key leaders, and an overall view of DFAS
Other Business LinesRotation
Other Business LinesRotation
Internal Review RotationInternal Review RotationDFAS Field SiteRotation
DFAS Field SiteRotation
Military Installation(Customer)Rotation
Military Installation(Customer)Rotation
Multiple AccountingProcess Rotations
Multiple AccountingProcess Rotations
DisbursingRotation
DisbursingRotation
Budget & AdministrativeServices Rotations
Budget & AdministrativeServices Rotations
Systems & ProceduresRotation
Systems & ProceduresRotation
Your Financial Partner @ Work15
Entry Level Professional Accountant Program
Approximately 80% of the workforce are at the professional or journey levels.
Salary structures are based on grade, length of time in a grade, and location.
Employees become qualified for higher level positions through a combination of education, training, and experience.
Typical Professional Career Path
Entry
Professional
Journey
Management
Executive
Your Financial Partner @ Work16
Opportunities for YouOpportunities for You
InternshipsValuable experienceResume enhancerCareer opportunities
In the next five years, a large percentage of the workforce is eligible for early or regular retirement.
Your Financial Partner @ Work17
Candidate RequirementsCandidate Requirements
Minimum 3.0 GPA
Demonstrated record for success
Strong leadership potential
Professional demeanor
Interpersonal skills
Match our Core Values• Integrity, Innovation, Service
Completion of Bachelor’s Degree in Accounting or related business degree with 24 sem crhrs of Accounting coursework.
Your Financial Partner @ Work18
Maybe we don’t get thanked everyday...
…but we are committed to providing world-class service at a reduced cost to the military members and their families.
