1st Cav Finance

The 1st Cavalry Division Finance Office, a vital component of the legendary “First Team,” is responsible for managing the financial resources and ensuring the financial readiness of the division. Their mission is to provide comprehensive, timely, and accurate financial support to soldiers, families, and units within the 1st Cavalry Division, enabling the division to accomplish its mission effectively. This includes everything from paying soldiers accurately and on time to managing unit budgets and providing financial counseling.

The Finance Office operates under the command of the Division Comptroller and is staffed by a team of highly trained financial management technicians and officers. They handle a wide array of financial tasks, including:

*

Military Pay: Processing and managing soldier pay, allowances, and entitlements. This includes basic pay, housing allowances (BAH), cost-of-living allowances (COLA), and special duty pay. Accuracy and timeliness are paramount to ensure soldiers are compensated properly for their service.

*

Travel Payments: Reimbursing soldiers for travel expenses incurred during official duty, including temporary duty assignments (TDY), permanent change of station (PCS) moves, and deployments. This involves meticulous documentation and adherence to travel regulations.

*

Unit Funds Management: Providing guidance and oversight to unit commanders on the proper management of unit funds, ensuring compliance with regulations and preventing misuse. This includes training on budget execution and financial accountability.

*

Vendor Payments: Processing payments to civilian vendors for goods and services provided to the 1st Cavalry Division. This requires careful contract review and invoice verification.

*

Financial Counseling: Offering financial education and counseling services to soldiers and their families. This can include budgeting advice, debt management strategies, and guidance on investing and retirement planning. These programs are designed to enhance financial literacy and promote financial well-being.

*

Deployment Support: Providing financial support to soldiers and units deployed overseas, including managing overseas allowances, foreign currency exchange, and facilitating access to pay and benefits. This requires adaptability and a thorough understanding of international financial regulations.

The Finance Office utilizes various automated systems and software to manage financial data and streamline processes. These technologies help to improve efficiency, accuracy, and transparency in financial operations. They also maintain close communication with other Army financial institutions, such as the Defense Finance and Accounting Service (DFAS), to resolve complex financial issues and ensure compliance with regulations.

The success of the 1st Cavalry Division’s missions depends, in part, on the effective and efficient financial management provided by the Finance Office. By ensuring that soldiers are paid accurately and on time, and that units have the financial resources they need to operate effectively, the Finance Office plays a critical role in supporting the readiness and morale of the “First Team.” Their dedication to financial stewardship contributes directly to the division’s ability to accomplish its mission both at home and abroad.