Accounts Receivable Specialist salary in Iceland

Average Yearly Salary of Accounts Receivable Specialist in Iceland is approximately 7,241,519 ISK (50,929 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 Receivable Specialist do?

An accounts receivable specialist is responsible for managing and maintaining the financial records of a company's outstanding customer invoices. They ensure accurate and timely collection of payments, monitor and reconcile customer accounts, and communicate with customers to resolve any billing issues or discrepancies. Additionally, they may prepare and send invoices, process credit memos or refunds, and generate reports on accounts receivable activities. This role requires strong attention to detail, excellent organizational skills, and the ability to work independently as well as part of a team. An accounts receivable specialist should have a solid understanding of accounting principles and practices, proficiency in using accounting software and spreadsheets, and good communication skills to interact with both internal and external stakeholders.

Skills: accounts receivable, finance, billing, collections, reconciliation, customer service
Job industry: Accounting

How much does Accounts Receivable Specialist make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Accounts Receivable Specialist a well paid job?

No / we do not have enough data to assess this.

What is considered a high salary for Accounts Receivable Specialist?

High salary for Accounts Receivable Specialist would be somewhere between 7,965,671 ISK and 10,500,203 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounts Receivable Specialist 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: 7,241,519 ISK
Estimated Monthly Salary: 603,460 ISK
Estimated Weekly Salary: 139,260 ISK per week
Estimated Hourly Salary: 3,481 ISK per hour
By working as Accounts Receivable Specialist a person can save up to 1,515 USD per month or 18,183 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 Receivable Specialist

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

Random salary:
Early intervention service coordinator (7,461,167 ISK per year, pre-tax.)
Computer technical support specialist (7,762,469 ISK per year, pre-tax.)
Composite technician (5,456,562 ISK per year, pre-tax.)
It analyst ii (11,097,756 ISK per year, pre-tax.)
Food stylist (9,576,214 ISK per year, pre-tax.)

Feedback about these results