Salaries of administrative and financial managers in 2022 and development trends

Salaries of administrative and financial managers

The Administrative and Financial Manager (RAF) is at the forefront of his company. He reports to the Administrative and Financial Director (DAF) and develops administrative and financial management, as well as its deployment. The administrative and financial manager has a more operational role than the administrative and financial director.

This work requires great rigor, analytical mind, good organization, strategic vision, good task management, excellent interpersonal skills. He is actually a manager in addition to his missions such as control management, for example.

As a function of responsibility, the RAF profession requires a bac +5 level of training, such as a DSCG (Higher Diploma in Accounting and Management), a specialized master’s degree in CCA, and a School of Commerce and Management with a degree in Finance and Accounting.

According to the recruitment firm Hays, this job is one of the 3 most popular vacancies in the field of finance and accounting.

What is the job of an administrative and financial manager?

The administrative and financial manager must be versatile and occupy a key position in the company. He must be able to lead a team with a variety of technical skills in finance, accounting, commerce and marketing. In general, coordinates the company’s financial policy, prepares and implements tools to monitor the financial situation, prepares budgets.

In particular, it will ensure that the implemented actions are in line with the company’s policy. Inexhaustible missions can be administrative and financial in nature, but they can also affect human resources and provide personnel management.

Some possible activities are: oversight of accounting, budgeting, confirmation of decisions, monitoring of investments and banking negotiations, participation in steering committee meetings, oversight of internal audit missions, procurement management, etc.

What is the average salary of an administrative and financial manager?

For the position of administrative and financial manager, the salary depends on his experience or his diploma. Mission complexity, experience, or even a geographical region (Paris region or province) are also factors that can affect the level of reward. There are different scales of RAF salaries, let’s take the scales of recruitment firms Hays and Group, which use levels of many years of experience to determine how much an administrative and financial manager earns.

Recruitment firm Hays publishes its yearbook wage research. According to their salary scale, the minimum wage is 45,000 gross per year for RAFs with 0 to 3 years of service. The maximum salary is 80,000 gross per year for RAFs with more than 8 years of experience.

It is noted that salaries in management positions in the region are estimated at -15% compared to the above figures.

On the side ofGroup, which also publishes its annual award survey, the minimum wage is 55,000 gross per year for RAFs with 5 to 10 years of service. The maximum salary is 100,000 gross per year for RAFs with more than 15 years of experience.

Salaries of administrative and financial managers

How to become a RAF?

The work of an administrative and financial manager usually requires a bac + 5 level. In total, at least five years of experience in accounting, management control and audit are required.

Prospects for the evolution of the profession of administrative and financial manager

The administrative and financial manager works mainly in large companies or large groups in all areas of activity. He is less likely to be employed by small companies, then he will be the administrative and financial director.

With many years of experience RAF can be:

  • administrative and financial director;
  • General Manager;
  • financial director of a large company;
  • administrative director for personnel;
  • responsible for management control.

How much does an employee cost and what will be the amount of his net salary: