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D epartment o f D efense D efense F inance and A ccounting S ervice

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.

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D epartment o f D efense D efense F inance and A ccounting S ervice

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  1. Department of Defense Defense Finance and Accounting Service Indiana University October 3, 2002 Ron Cox & Noah Sturgeon Your Financial Partner @ Work

  2. DFAS Mission We are the Accounting and Financial Reporting Arm of the Department of Defense Your Financial Partner @ Work

  3. Our Vision • 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 Your Financial Partner @ Work

  4. Some History on DFAS 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. Your Financial Partner @ Work

  5. DFAS Locations Denver St. Louis Kansas City Omaha Lawton Dayton Indianapolis Lexington Rock Island Oakland San Bernardino Seaside San Diego Columbus Europe Cleveland Limestone Rome Arlington, HQ Norfolk Charleston Japan San Antonio Pensacola Orlando Hawaii Your Financial Partner @ Work

  6. DFAS is Big Business • World’s largest finance and accounting operation - 17,000 employees • Service 5.5 million military members, military retirees and annuitants, and DoD civilians • Manage 231 active DoD Appropriations worth $517B • Manage a $171B Retirement Trust Fund • $299 billion in disbursements annually • Process 11.1 million commercial invoices • 600,000 travel payments and settlements • 100 million accounting transactions annually Your Financial Partner @ Work

  7. Direct Effect on our Military Forces If We Take Early Payment Discounts... …They Can Buy a Bradley Fighting Vehicle Your Financial Partner @ Work

  8. Direct Effect on our Military Forces If We Eliminate Prompt Payment Interest Penalties... …They Can Buy a Blackhawk Helicopter. Your Financial Partner @ Work

  9. What’s In It For You??? • Tuition assistance • Work-life balance • Other benefits Your Financial Partner @ Work

  10. Tuition Assistance • Includes generous tuition reimbursement • Books & lab fees • Up to four classes per fiscal year (Oct.-Sep.) Your Financial Partner @ Work

  11. Work-Life Balance • Flexible work schedule • Typical 40 hour work week • Flexible vacation scheduling • On-site child care (at some areas) Your Financial Partner @ Work

  12. Other Benefits @ DFAS • Health and Life insurance • 401K and matching funds • 10 paid holidays • Paid sick days • Competitive salaries • Professional development Your Financial Partner @ Work

  13. Professional Development • Entry Level Professional Accounting Program • 2-3 Year Professional Development Program • Noncompetitive advancement to target grade • Coaching and Mentoring • Formal training courses • Developmental & rotational assignments Your Financial Partner @ Work

  14. Rotational Assignment Examples Multiple Accounting Process Rotations Military Installation (Customer) Rotation Other Business Lines Rotation Provide technical experience, access to key leaders, and an overall view of DFAS DFAS Field Site Rotation Internal Review Rotation Systems & Procedures Rotation Budget & Administrative Services Rotations Disbursing Rotation Your Financial Partner @ Work

  15. Entry Level Professional Accountant Program Typical Professional Career Path • 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. Executive Management Professional Journey Entry Your Financial Partner @ Work

  16. Opportunities for You • Internships • Valuable experience • Resume enhancer • Career opportunities • In the next five years, a large percentage of the workforce is eligible for early or regular retirement. Your Financial Partner @ Work

  17. Candidate Requirements • Completion of Bachelor’s Degree in Accounting or related • Minimum 3.0 GPA • Demonstrated record for success • Strong leadership potential • Professional demeanor • Interpersonal skills • Match our Core Values • Integrity, Innovation, Service business degree with 24 sem cr hrs of Accounting coursework. Your Financial Partner @ Work

  18. 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. Your Financial Partner @ Work

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