Accounts Payable Director salary in Iceland

Average Yearly Salary of Accounts Payable Director in Iceland is approximately 19,200,418 ISK (135,047 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 Accounts Payable Director do?

The occupation of an Accounts Payable Director involves overseeing and managing the accounts payable department within an organization. They are responsible for ensuring accurate and timely payment of invoices, maintaining vendor relationships, and implementing efficient processes and controls. The Accounts Payable Director works closely with other departments such as finance, procurement, and operations to ensure smooth functioning of the payables function. They also analyze financial data, prepare reports, and provide recommendations to improve cash flow management and optimize working capital.

Skills: Accounts Payable, Director, Finance, Payments, Vendor Management, Process Improvement
Job industry: Finance

How much does Accounts Payable Director make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Accounts Payable Director a well paid job?

Yes, our data show that Accounts Payable Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Accounts Payable Director?

High salary for Accounts Payable Director would be somewhere between 21,120,460 ISK and 27,840,606 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounts Payable Director 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: 19,200,418 ISK
Estimated Monthly Salary: 1,600,035 ISK
Estimated Weekly Salary: 369,239 ISK per week
Estimated Hourly Salary: 9,231 ISK per hour
By working as Accounts Payable Director a person can save up to 8,525 USD per month or 102,301 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 Accounts Payable Director

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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