Dr. Omolola Fawole is the Chief Financial Officer and Director of Budget and Finance with 20+ years of exceptional technical and leadership experience with internal control, financial statements, audit, all aspects of financial operations, budget formulation, and execution. She is currently leading the Defense Nuclear Facilities Safety Board (DNFSB) CFO directorate, providing oversight on the budget and finance portfolios: budget execution and justification, financial management, financial reporting, and internal control over financial reporting. From 2016 to 2021, she oversaw a high-level, multi-billion-dollar congressional-mandated financial statements (FS) audit for the Department of the Air Force (DAF), successfully ushering the agency into its first-ever FS audit since the Congress passed the amended CFO Act of 1990. As a Director with the Air Force, she served as a technical advisor to political appointees and military Generals in identifying significant risks and material internal control weaknesses across the Air Force enterprise while responding to numerous congressional inquiries.

Prior to her assignment with the DAF, she was a staff Accountant with the Office of the Undersecretary of Defense Comptroller where she executed timely completion and publication of the fiscal year 2015 Agency Financial Report and the Summary of Performance and Financial Information for the Department of Defense. From 2011 to 2015, she served, as the Chief Accountant, Medical Accounts Receivable with the Air Force Medical Service (AFMS), where she led the Financial Improvement and Audit Readiness (FIAR) efforts of 74 hospitals and clinics. She conducted reviews of various accounting transactions and reports, financial statements, fund balances, and database queries to ascertain accuracy and completeness of financial transactions to meet audit readiness requirements. While serving at the AFMS, she directed a $132 million Air Force Medical Service (AFMS) reimbursement program and deployed 5 e-Commerce systems; facilitated Federal Reserve Bank reporting and expedited $49M in Medical Treatment Facility (MTF) collections. She also served honorable in the Air Force for 5 years.

CAREER CHRONOLOGY

1. 2000-2005, Active-Duty Air Force, Logistics, Offutt Air Force Base (AFB), Nebraska
2. 2006-2009, Palace Acquire Intern, Financial Management Specialist, Assistance Secretary of the Air Force, Financial Management (SAF/FMPR), Pentagon, Virginia
3. 2009-2010, Financial Statement and Reporting Analyst, Assistance Secretary of the Air Force, Financial Management (SAF/FMPR), Pentagon, Virginia
4. 2010-2011, Senior Financial Reporting and Fiscal Policy Analyst, Air Force Medical Service (AFMS), Rosslyn, Virginia
5. 2011-2015, Chief Accountant, Medical Accounts Receivable, Air Force Medical Service (AFMS), Falls Church, Virginia
6. 2015-2016, Staff Accountant, Office of the Undersecretary of Defense Comptroller (OUSDC), Pentagon, Virginia
7. 2016-2021, Director of Compliance and Financial Reporting and subsequently the Director of Financial Improvement and Audit Remediation, Assistance Secretary of the Air Force for Financial Operations (SAF/FMF), Joint Base Andrews, Maryland
8. 2021 – present, Chief Financial Officer and the Director of the Division of Budget and Finance, Defense Nuclear Facilities Safety Board, Washington, DC

EDUCATION

2011 Doctor of Business in Administration, National Graduate School/University, Falmouth, MA
2007 Master of Science, Administration with emphasis on Human Resource Management, Central Michigan University, Mount Pleasant, MI
2007 Financial Management Staff Officer School, Kessler AFB, MS
2007 Basic Financial Management Officer Course, Kessler AFB, MS
2004 Bachelor of Science, Healthcare Management, Bellevue University, Bellevue, NE
2003 Associate of Applied Science in Logistics, Community College of the Air Force, Montgomery, AL

PROFESSIONAL CERTIFICATION

Defense Financial Management Certification, Level III
Certified Defense Financial Manager
Certificate in Accounting, Management Concepts, Washington, DC
Certificate in Federal Financial Management, Management Concepts, Washington, DC

AWARDS AND HONORS

Exemplary Civilian Service Award, Air Force Medical Service
Meritorious Civilian Service Award, Office of the Assistant Secretary for Financial Management and Comptroller
Civilian of the Quarter, Office of the Assistant Secretary for Financial Management and Comptroller
Airman of the Quarter and Airman of the Year, Offutt AFB, Nebraska