Billing Manager salary in Iceland

Average Yearly Salary of Billing Manager in Iceland is approximately 11,327,567 ISK (79,331 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 Billing Manager do?

A billing coordinator is responsible for managing the billing process within an organization. They ensure accurate and timely invoicing, track payments, reconcile accounts, and resolve any billing discrepancies. This role requires strong attention to detail, organizational skills, and the ability to work with numbers and financial data. Billing coordinators often work closely with other departments, such as finance and customer service, to ensure smooth billing operations. They may also communicate with clients or customers regarding billing inquiries or issues. Overall, the billing coordinator plays a crucial role in maintaining the financial health of the organization by ensuring that invoices are processed correctly and payments are received on time.

Skills: billing, coordinator, invoicing, accounts receivable, financial operations, customer service
Job industry: Finance

How much does Billing Manager make?

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


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Salary comparison to National average

Is Billing Manager a well paid job?

Yes, our data shows that Billing Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Billing Manager?

High salary for Billing Manager would be somewhere between 12,460,324 ISK and 16,424,972 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Billing Manager 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: 11,327,567 ISK
Estimated Monthly Salary: 943,964 ISK
Estimated Weekly Salary: 217,838 ISK per week
Estimated Hourly Salary: 5,446 ISK per hour
By working as Billing Manager a person can save up to 3,882 USD per month or 46,585 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 Billing Manager

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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