Roles and missions of the Administrative and Financial Director
The Chief Financial Officer (CFO) / Chief Administrative Officer (CAO) is a crucial position for companies today. It is a management position that combines a wide range of skills and knowledge. The main responsibility of a CFO is to ensure the efficient and professional management of finance and administration. In this role, they are responsible for developing and executing financial and administrative strategies, as well as evaluating and improving processes and procedures. The main roles and tasks of a CFO are :
- Developing and managing budgets, including forecasting and financial reporting.
- Monitoring expenditure and analysing financial data.
- Developing cash management and investment strategies.
- Establishing procedures and internal controls to improve security and efficiency.
- Preparing and negotiating contracts and agreements.
- Supervising and training administrative and financial staff.
- Developing financial policies and procedures.
- Providing strategic advice and risk analysis.
- Providing reports and analysis to management and shareholders.
- Managing audits and tax obligations.
A CFO must have an in-depth knowledge of accounting and financial systems, financial management principles, laws and regulations, and industry standards. They must also be able to work with other departments to ensure that financial and administrative activities are managed effectively. Finally, a CFO must be a leader with the ability to communicate clearly and make sound decisions.
Salary and career development of the Administrative and Financial Director
A Chief Financial Officer (CFO) is the person in charge of managing, controlling and monitoring a company's finances. The decisions taken by the CFO greatly influence the financial health of the company and its ability to achieve its objectives. The gross annual salary of a CFO in France varies according to experience.
- 0 to 2 years: between €60,000 and €80,000
- 2 to 5 years: between €70,000 and €90,000
- 5 to 10 years: between €80,000 and €110,000
- 10 to 15 years: between €95,000 and €115,000
- More than 15 years: between €105,000 and €130,000
Professionals in the CFO / DAF position have many career options. They can progress to positions such as
- Financial Director
- Human Resources Director
- Operations Director
- Strategy Director
- Chief Financial Office
