Practicing as an administrative and financial director
(DAF) requires a lot of knowledge. Indeed, the main mission of a DAF is, as its name indicates, to guarantee the sound administrative and financial management of a company. It checks that everything is done in this sense. He also assumes the role of coordinator of the various departments of a company and finds himself in a privileged relationship with the management of the company. Here is a presentation of the job of administrative and financial director (DAF) whose objective is to answer the questions: What qualifications are required to practice the trade of DAF ? What does his work consist of ? What is his average salary ? What are the prospects for career development of a DAF ?
What are the diplomas for practicing the trade of DAF?
The ideal diploma to practice as an administrative and financial director is the Postgraduate Diploma of Accounting and Management ( DSCG ). It is a master’s degree (bac + 5) rather difficult to obtain but which enjoys an excellent reputation in the labor market. Candidates with a Master’s degree in Accounting Audit (CCA) , a master’s degree in Finance or any equivalent diploma / training are also eligible for this position .
To practice the trade of DAF , it is necessary to present certain qualities , fundamental and essential:
- Mastering a good deal of knowledge in accounting (including IFRS), social, tax, legal, financial, but also organizational and managerial,
- Having a good relationship and being attentive,
- Fluent in English and possibly a third language,
- Know how to use the information and management tools (PGI, software created in-house in particular),
- Being curious and wanting to understand the operation of a business,
- Constantly update his or her knowledge,
- To be able to take the height, to know to synthesize and to analyze,
- Be organized, responsive and available, while controlling stress.
Which companies recruit administrative and financial managers?
The profession of administrative and financial accounting director is mainly carried out in large private sector companies . This position can also be set up in SMEs. In this case, and in general, he also exercises the powers vested in the Director of Human Resources (HRD) in personnel management.
The position of DAF applies to all companies, whatever their sector of activity (commerce, banking, insurance, industry, etc.).
What is the salary of an administrative and financial director?
An administrative and financial director earns, on average, a gross salary close to 70,000 euros a year (he usually fluctuates between 50,000 euros and 100,000 euros). The DAF is systematically the framework.
What are the duties of an administrative and financial director?
The missions of a DAF are organized around 6 major axes:
The DAF ensures the proper application of the rules in the accounting field and thus ensures the presentation of proper financial statements , ie the production of fair and reliable financial information. To this end, he usually oversees teams of accountants and accountants .
- The cash management
- the accounting
- The management control
- The business law
- The tax law
- The Human Resources
The DAF analyzes the financial situation of a company and participates in the preparation of cash budgets (it must be able to anticipate any cash problem). It manages, as such, the relationship between the company and the banks and investors. He is also responsible for the investment of cash surpluses and the applied credit policy.
The DAF develops economic and financial forecasts and analyzes the gaps between the forecasts and the reality. He is usually the initiator and the director of financial forecasts or, more broadly, business plans of the company. Its mission is also to optimize the productivity of a company by analyzing its processes, its costs and its results.
The DAF generally organizes general meetings and boards of directors. He is the main coordinator of the various legal partners of the company (public accountant, lawyer, lawyer). It ensures that the company complies with its commitments vis-à-vis third parties and supervises the resolution of company disputes.
The DAF is the guarantor of compliance with tax legislation. It also validates certain high-tech choices (preferential schemes or exemption schemes) with the support of professionals (chartered accountant, tax specialist, etc.). It ensures that tax returns are produced correctly and on time.
In companies that do not have HRD, the DAF manages the personnel: recruitment, payroll, training, exit, etc. It defines the remuneration policy and is in direct contact with the representative bodies of the personnel (staff delegates and works council members). Once again, it is the guarantor of compliance with social rules.