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Entry-Level Professional Accountant Program (ELPA)

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Presentation on theme: "Entry-Level Professional Accountant Program (ELPA)"— Presentation transcript:

1 Entry-Level Professional Accountant Program (ELPA)
Entry-Level Financial Analyst Program (ELFA) Mike Anderson (ELPA) Sean Wuethrich (ELFA) September 18, 2018

2 DFAS Mission 9/18/2018

3 World-class Provider of Finance and Accounting Services
Our Vision World-class Provider of Finance and Accounting Services Trusted and Innovative Financial Partner Employer of Choice, Providing a Progressive and Professional Work Environment One Organization, One Identity 9/18/2018

4 DFAS was created in 1991 by the Secretary of Defense to
Some History on DFAS DFAS was created in 1991 by the Secretary of Defense to aid the Department of Defense in: Reducing Finance & Accounting Operating Costs Strengthening Financial Management Consolidating Finance & Accounting Services. 9/18/2018

5 World’s Largest Finance and Accounting Operation - 16,000 employees
DFAS is Big Business World’s Largest Finance and Accounting Operation ,000 employees Service 5.7 Million Military Members, Military Retirees and Annuitants, and DoD civilians Manage 267 Active DoD Appropriations Worth $517Billion Manage a $176 Billion Retirement Trust Fund Disburse $346.6 Billion Annually Process 11.2 Million Commercial Invoices Administer 7.3 Million Travel Payments and Settlements Oversee 124 Million Accounting Transactions Annually 9/18/2018

6 Direct Effect on our Military Forces
If We Take Early Payment Discounts... …They Can Buy a Bradley Fighting Vehicle 9/18/2018

7 Direct Effect on our Military Forces
If We Eliminate Prompt Payment Interest Penalties… …They Can Buy a Blackhawk Helicopter. 9/18/2018

8 ELPA/FA Program DFAS Entry Entry Level Level Professional Financial
Accountant Analyst ELPA/FA Program 9/18/2018

9 Entry-Level Professionals
ELPA/FA is…. Professional Development Individual Development Earned Benefits 9/18/2018

10 Professional Development
Entry Level Professional Accounting (ELPA/FA) Program Three-Year Professional Development Program Advancement to Target Position Developmental Assignments Coaching and Mentoring Formal and Informal Training Courses Support & Career Incentives in Obtaining Professional Certifications (CPA, CDFM, CGFM, etc.) Membership Eligibility in Professional Organizations Association of Government Accountants (AGA) American Society of Military Comptrollers (ASMC) Blacks in Government (BIG) 9/18/2018

11 Career Path Comparison
Organizational Hierarchy Public Accounting Firm DFAS Executive Partner Approximately 80% of the workforce are at the professional or journey levels. Employees advanced through a combination of education, training, and experience. Management Senior Manager Professional Manager Journey Senior Staff Entry Staff 9/18/2018

12 Three Year Professional Development
Developmental Assignments Areas of Opportunity Other Assignments On-the-job training Two (or more) short rotations with other business lines (vendor, travel, or military pay) Graduate into Permanent Placement Disbursing Systems Accounting Internal Review Financial Reporting Operations E-commerce Military Pay Travel Pay 9/18/2018

13 Individual Development
Network & Communicate within a Diverse Organization Staff, Management, Executives Military Personnel Contractors Private Sector Employees Individual Development Plan Map your way to success Core ELPA/ELFA Development Individual Elective Training Build Your Own Skills Travel Opportunities Mentoring Social Events Informal Gatherings and Events 9/18/2018

14 Individual and Professional Development
Tuition Assistance Generous Continuing Education Tuition Reimbursement Books Expenses Covered Lab Fees Reimbursed Review Courses and Certification Prep CPA Certification Becker Review Course Successful Completion of Modules Covered Professional Association Certifications Fully Funded Review Course 9/18/2018

15 Benefits of DFAS “Truly” Compensated for Work Performed
Work Schedule & Work-Life Balance Leave Accumulation Annual Leave Sick Leave Employee Assistance Program (EAP) Flexible Spending Accounts Wellness and Physical Fitness Programs Fitness Membership Discounts On-site Fitness Facilities 9/18/2018

16 Other Employment Benefits
Benefits of DFAS Other Employment Benefits Health and Life Insurance 401K and Matching Funds 10 Paid Holidays 9/18/2018

17 Mike Anderson’s Typical Day (1st Year ELPA)
7:30 Arrive at the Office and Get “Settled In” 7:45 Check 8:00 Prepare for Team Meeting 9:00 Meeting With Financial Systems Team 10:15 Conference Call with Team at DFAS-Denver 10:45 Work on and Evaluate Customer Bill Analysis 12:00 Lunch with a Senior Manager 12:30 Answer Afternoon s and Work on Catch-up Projects 1:00 New Financial Systems and Processes Presentation to Customers 2:30 ELPA Meeting with DFAS-Indy Director, Steve Bonta, to Discuss Organizational Goals 3:30 Take Feedback to Systems Analysts and Discuss New Requirements 4:00 Leave for Home 9/18/2018

18 Candidate Requirements
An ELFA Candidate Needs to Complete a Bachelor’s Degree in any Business-Related Field An ELPA Candidate Needs to Complete a Bachelor’s Degree in Accounting or Business-Related Degree with 24 Semester Credit Hours of Accounting Coursework 9/18/2018

19 Key Attributes Targeting Candidates with Evidence of Strong Academic Achievement Demonstrated Record of Success Strong Leadership Potential Professional Demeanor Interpersonal Skills Match Our Core Values Integrity, Innovation, Service 9/18/2018

20 Internship Opportunities
DFAS Internship Opportunities 9/18/2018

21 Developmental Programs - Internships
Program consists of: 70% OJT with seasoned accountant 20% corporate, group research project with final presentation 10% topical briefings, networking (lunches, field trip, manager meetings), and other assignments (BSC) 27 interns DFAS-Indianapolis in Summer, 2005; at least 30 planned for 2006 Indiana University Summer Finance and Accounting Interns 2005 9/18/2018

22 Maybe we don’t get thanked everyday, but . . .
…but we are committed to providing world-class service at a reduced cost to the military members and their families. 9/18/2018

23 Your Financial Partner @ Work
Hope to see you at DFAS Your Financial Work

24 Interning at DFAS Areas to Work Orientation-Based Training Disbursing
Systems Accounting Operations Military Pay Travel Pay E-Commerce Financial Reporting Orientation-Based Training Become Familiar with DoD Operations and Personnel Government Systems Government Hierarchy Military Ranks Work Environment Major Processes Encouraged to Take Initiative and Learn Unlimited Learning and Personal Development Opportunities 9/18/2018

25 The DFAS Difference Assigned a Sponsor and Peer Advisor
Teamwork Based Environment Treated as a Full-time Employee Encourage to Provide “Fresh” Perspective & “Out of the Box Thinking” Challenged to Produce Results Individual and Intern Group Summer Projects Pushed to be Innovative and Challenged to Succeed Won the Indiana Award of Excellence in 2002 by the Indiana INTERNnet Awards Won the Indiana Best of the Best Award in 2003 by the Indiana Intern Awards (Lilly Endowment) 9/18/2018

26 The DFAS Difference Access To Key Leaders in the Organization
Formal Gatherings Informal “Open Door Policy” to All Employees Intern Trips to Military Installations Experience First Hand Who the Customers Are View DoD and Military Operations Network with Military Personnel Intern Social Events Indianapolis Indians Game Miniature Golf Golf Outing Cookouts 9/18/2018

27 Three-Year Professional Development Program
Development Ongoing Throughout Program Comprehensive Training Special Projects Site/Customer Visits Leadership/Networking Conferences Meetings with Senior Managers Professional Association Luncheons Topical Briefings 9/18/2018


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