Department of Defense Finance and Accounting Service Indiana

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

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

Our Vision ØWorld-class provider of finance and accounting services ØTrusted, innovative financial partner ØEmployer of choice, providing progressive and professional work environment ØOne organization, one identity Your Financial Partner @ Work 3

Some History on DFAS was created in 1991 by the Secretary of Defense to reduce the cost of Do. D finance and accounting operations and strengthen Do. D financial management through consolidation of Do. D finance and accounting services. Your Financial Partner @ Work 4

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

DFAS is Big Business ØWorld’s largest finance and accounting operation 17, 000 employees ØService 5. 5 million military members, military retirees and annuitants, and Do. D civilians ØManage 231 active Do. D Appropriations worth $517 B ØManage a $171 B Retirement Trust Fund Ø$299 billion in disbursements annually ØProcess 11. 1 million commercial invoices Ø 600, 000 travel payments and settlements Ø 100 million accounting transactions annually Your Financial Partner @ Work 6

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

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

What’s In It For You? ? ? ØTuition assistance ØWork-life balance ØOther benefits Your Financial Partner @ Work 9

Tuition Assistance ØIncludes generous tuition reimbursement ØBooks & lab fees ØUp to four classes per fiscal year (Oct. -Sep. ) Your Financial Partner @ Work 10

Work-Life Balance ØFlexible work schedule ØTypical 40 hour work week ØFlexible vacation scheduling ØOn-site child care (at some areas) Your Financial Partner @ Work 11

Other Benefits @ DFAS ØHealth and Life insurance Ø 401 K and matching funds Ø 10 paid holidays ØPaid sick days ØCompetitive salaries ØProfessional development Your Financial Partner @ Work 12

Professional Development Entry Level Professional Accounting Program 2 -3 Year Professional Development Program ØNoncompetitive advancement to target grade ØCoaching and Mentoring ØFormal training courses ØDevelopmental & rotational assignments Your Financial Partner @ Work 13

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

Entry Level Professional Accountant Program Typical Professional Career Path Executive Management Professional Journey Ø Approximately 80% of the workforce are at the professional or journey levels. Ø Salary structures are based on grade, length of time in a grade, and location. Ø Employees become qualified for higher level positions through a combination of education, training, and experience. Entry Your Financial Partner @ Work 15

Opportunities for You ØInternships ØValuable experience ØResume enhancer ØCareer opportunities ØIn the next five years, a large percentage of the workforce is eligible for early or regular retirement. Your Financial Partner @ Work 16

Candidate Requirements ØCompletion of Bachelor’s Degree in Accounting or related business degree with 24 sem cr hrs of Accounting coursework. Ø Minimum 3. 0 GPA Ø Demonstrated record for success Ø Strong leadership potential Ø Professional demeanor Ø Interpersonal skills Ø Match our Core Values • Integrity, Innovation, Service Your Financial Partner @ Work 17

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 18