Roles and tasks of the Administrative and Financial Manager / RAF
The Administrative and Financial Manager (RAF) is a strategic position within a company. Their role is to ensure administrative and financial management by organising and managing accounting, tax and cash management operations. They must also monitor and improve profitability. The Administrative and Financial Manager has the following tasks:
- Managing finances and forecasting financial flows;
- Drawing up the annual budget and monitoring it;
- Develop strategies to maximise revenues and minimise costs;
- Draw up financial and accounting reports;
- Ensuring cash flow control and monitoring cash receipts and disbursements;
- Develop and implement internal control procedures;
- Evaluate financial performance and draw up forecasts;
- Manage relations with banks and financial institutions;
- Assessing investment risks;
- Monitoring expenditure and investments;
- Ensuring the administrative and accounting processing of operations;
- Drawing up the company's development strategies;
- Supervising the administrative and financial team.
The CFO must also ensure that the company complies with tax and financial laws and regulations. He or she must therefore ensure that the company's records are properly maintained and up to date, and that all accounting documents are correctly kept and recorded.
Salary and career development of the Administrative and Financial Manager / RAF
The salary of an Administrative and Financial Manager (RAF) is relatively high, which is due to the responsibility and skills required for this position. In France, the average gross annual salary of an Administrative and Financial Manager / RAF depends very much on professional experience:
- 0 to 2 years: around €45,000
- 2 to 5 years: around €55,000
- 5 to 10 years: around €65,000
- 10 to 15 years: around €75,000
- More than 15 years: around €90,000
In terms of career prospects, an Administrative and Financial Manager / RAF can progress to a number of different professions:
- Administrative and Financial Director
- Director of Human Resources
- Management and Finance Consultant
- Financial Analyst
- Financial Audit Manager
