Account Receivable Associate salary in Iceland

Average Yearly Salary of Account Receivable Associate in Iceland is approximately 6,841,524 ISK (47,653 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 Receivable Associate do?

An Accounts Receivable Associate is responsible for managing and processing incoming payments from customers or clients. They ensure accuracy in recording financial transactions, reconcile accounts, and maintain detailed records of outstanding invoices. This role involves generating and sending invoices, following up on overdue payments, and resolving any billing discrepancies or issues. An Accounts Receivable Associate also communicates with customers to address payment-related inquiries or concerns. They collaborate with other departments, such as sales and customer service, to resolve any outstanding payment issues and maintain positive relationships with clients. This occupation requires strong attention to detail, excellent organizational skills, and proficiency in using accounting software and spreadsheets.

Skills: Accounts Receivable, Finance, Invoicing, Payment Processing, Billing, Customer Relations
Job industry: Finance

How much does Account Receivable Associate 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 Receivable Associate a well paid job?

No, our data shows that Account Receivable Associate is typically not a well-paid job. The salary varies based on experience. Meaning that even though Account Receivable Associate might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Account Receivable Associate?

High salary for Account Receivable Associate would be somewhere between 7,525,676 ISK and 9,920,210 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Account Receivable Associate 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: 6,841,524 ISK
Estimated Monthly Salary: 570,127 ISK
Estimated Weekly Salary: 131,568 ISK per week
Estimated Hourly Salary: 3,289 ISK per hour
By working as Account Receivable Associate a person can save up to 1,242 USD per month or 14,907 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 Receivable Associate

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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