Bill Account Collector salary in Iceland

Average Yearly Salary of Bill Account Collector in Iceland is approximately 6,840,854 ISK (47,763 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 Bill Account Collector do?

The occupation of a bill account collector involves the responsibility of contacting individuals or businesses who have unpaid bills or debts. The primary role is to negotiate payment arrangements and ensure that outstanding balances are settled. This may involve making phone calls, sending letters or emails, and conducting in-person visits to debtors. Account collectors must possess strong communication and negotiation skills to effectively persuade debtors to fulfill their financial obligations. They also need to maintain accurate records of all interactions and payments received. Attention to detail, persistence, and the ability to handle difficult conversations are crucial in this occupation. The ultimate goal is to recover outstanding debts while maintaining positive relationships with clients and debtors.

Skills: Debt collection, Negotiation, Communication skills, Persistence, Financial services, Customer relations
Job industry: Finance

How much does Bill Account Collector make?

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


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Salary comparison to National average

Is Bill Account Collector a well paid job?

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

What is considered a high salary for Bill Account Collector?

High salary for Bill Account Collector would be somewhere between 7,524,939 ISK and 9,919,238 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bill Account Collector 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: 6,840,854 ISK
Estimated Monthly Salary: 570,071 ISK
Estimated Weekly Salary: 131,555 ISK per week
Estimated Hourly Salary: 3,289 ISK per hour
By working as Bill Account Collector a person can save up to 1,251 USD per month or 15,017 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 Bill Account Collector

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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