Administrative and Financial Director (DAF): salary, skills and training

What does an administrative and financial director do?

The administrative and financial director is the pilot of a company’s financial strategy. At the head of the accounting and financial teams of the company, the administrative and financial director determines the orientations of the budget, in agreement with the general management and the shareholder. The CFO has an eye everywhere: on accounting (procedures and standards, taxation), management control (reports), cash (optimization, anticipation). These functions are exercised in a medium-sized company, a large company or a group.

Competencies of an administrative and financial director

Given his many responsibilities and his strategic role in the company, the administrative and financial director has many skills. You must first have skills in the various accounting and financial techniques, know the standards (French and international depending on the company), know how to write to summarize and comment on the financial results of the company. Mastery of computer software used in various financial functions is essential. The administrative and financial director oversees the teams and must therefore be able to manage and lead. Interpersonal skills are also required to inform the company’s financial decisions, internally and externally. Fluency in English is required. CFOs should also be curious about their field of activity and keep a constant watch on legal news and more generally on the sector.

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Training to become an administrative and financial manager

The initial training of the administrative and financial director is a master’s level, at bac +5. Business schools can also train future administrative and financial managers, as well as Institutes of Policy Studies (IEP), choosing specialties and courses in finance and accounting. Masters specializing in finance can complete the training. An engineering school degree supplemented by training in management or finance can also lead to a job. During his career, the administrative and financial director can continue to train through continuous training on specific modules (legal, accounting standards, social law, etc.). The profession is not accessible to young graduates, but requires many years of experience.

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Salary of an administrative and financial director

Here in detail the average remuneration of an administrative and financial director.

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