1. Defense Finance and Accounting Service SCOOPS Presentation
Ron Cox and Kristin Schlichter
October 2, 2003

2. DFAS Mission
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3. World-class provider of finance and accounting services
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
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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.
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5. 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
Norfolk
Charleston
Japan
San Antonio
Pensacola
Orlando
Hawaii
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6. 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 $517B
Manage a $176B Retirement Trust Fund
$346.6 billion in disbursements annually
Process 11.2 million commercial invoices
7.3 million travel payments and settlements
124 million accounting transactions annually
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7. Direct Effect on our Military Forces
If We Take Early Payment Discounts...
…They Can Buy
a Bradley Fighting Vehicle
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8. Direct Effect on our Military Forces
If We Eliminate Prompt Payment
Interest Penalties…
…They Can Buy a Blackhawk Helicopter.
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9. What’s in it for You? Tuition assistance Work-life balance
Other benefits
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10. Includes generous tuition reimbursement Books & lab fees
Tuition Assistance
Includes generous tuition reimbursement
Books & lab fees
Up to four classes per fiscal year (Oct.-Sep.)
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11. Flexible work schedule Typical 40 hour work week
Work-Life Balance
Flexible work schedule
Typical 40 hour work week
Flexible vacation scheduling
On-site child care (at some locations)
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12. Health and Life insurance 401K and matching funds 10 paid holidays
Other DFAS
Health and Life insurance
401K and matching funds
10 paid holidays
Paid sick days
Competitive salaries
Professional development
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13. Professional Development
Entry Level Professional Accounting (ELPA) and
Financial Analyst Management Intern (FAMI) Program
Three-Year Professional Development Program
Noncompetitive advancement to target grade
Coaching and Mentoring
Formal training courses
Developmental & rotational assignments
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14. Three-Year ELPA/FAMI Program
Years One and Two
Four six-month rotations (examples)
Disbursing
Systems
Accounting
Internal Review
Year Three
On-the-job training
Two (or more) short rotations with other business lines (e.g., acctg, vendor, travel, or military pay)
Ongoing throughout program
Classes
Special projects
Site/customer visit
Leadership/networking conferences
Meetings with senior managers
Professional association luncheons
Topical briefings
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15. Entry-Level Professional Accountant
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
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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.
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17. Candidate Requirements
Completion of Bachelor’s Degree in Accounting, Finance, or business-related degree (ELPAs require 24 semester credit hours of accounting coursework)
Minimum 3.0 GPA
Demonstrated record for success
Strong leadership potential
Professional demeanor
Interpersonal skills
Match our Core Values
Integrity, Innovation, Service
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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.
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19. Your Financial Partner @ Work
DFAS
Your Financial Work