Account Officer salary in Iceland

Average Yearly Salary of Account Officer in Iceland is approximately 8,285,595 ISK (57,593 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Account Officer do?

An account officer is a professional responsible for managing and maintaining client accounts within a financial institution or organization. They play a crucial role in ensuring the smooth operation of financial transactions and providing exceptional customer service. Account officers handle various tasks, including opening new accounts, processing deposits and withdrawals, monitoring account activities, and addressing customer inquiries and concerns. They also analyze financial data, prepare reports, and assist clients in making informed decisions regarding their accounts. Effective communication skills, attention to detail, and strong analytical abilities are essential in this occupation. Additionally, account officers must stay updated with industry regulations and policies to ensure compliance and maintain the security of client information.

Skills: Account Management, Financial Services, Customer Relations, Banking, Financial Analysis, Compliance.
Job industry: Banking

How much does Account Officer make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Account Officer a well paid job?

Yes, our data show that Account Officer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Account Officer?

High salary for Account Officer would be somewhere between 9,114,155 ISK and 12,014,113 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Account Officer in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 8,285,595 ISK
Estimated Monthly Salary: 690,466 ISK
Estimated Weekly Salary: 159,338 ISK per week
Estimated Hourly Salary: 3,983 ISK per hour
By working as Account Officer a person can save up to 2,071 USD per month or 24,847 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Account Officer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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