Home > Salary > Iceland > Billing Specialist
A billing specialist is responsible for managing and processing financial transactions within an organization. They ensure accurate and timely billing to clients or customers, track and reconcile payments, resolve any billing discrepancies, and maintain detailed records of financial transactions. Billing specialists also communicate with internal teams and external stakeholders to address any billing-related inquiries or concerns. They may also assist in generating financial reports and analyzing billing data to identify trends or areas for improvement.
Estimated Yearly Salary: 6,847,181 ISK
Estimated Monthly Salary: 570,598 ISK
Estimated Weekly Salary: 131,677 ISK per week
Estimated Hourly Salary: 3,292 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 549,394 ISK
Estimated Weekly Salary: 126,783 ISK per week
Estimated Hourly Salary: 3,170 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 47,752 USD
Estimated Monthly Salary: 3,979 USD
Estimated Weekly Salary: 918 USD per week
Estimated Hourly Salary: 23 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 6,847,181 ISK
Estimated Monthly Salary: 570,598 ISK
Estimated Weekly Salary: 131,677 ISK per week
Estimated Hourly Salary: 3,292 ISK per hour
By working as Billing Specialist a person can save up to 1,251 USD per month or 15,006 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.
Estimated Yearly Salary for Billing Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Billing Specialist salary in Iceland
Average Yearly Salary of Billing Specialist in Iceland is approximately 6,847,181 ISK (47,752 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 Specialist do?
A billing specialist is responsible for managing and processing financial transactions within an organization. They ensure accurate and timely billing to clients or customers, track and reconcile payments, resolve any billing discrepancies, and maintain detailed records of financial transactions. Billing specialists also communicate with internal teams and external stakeholders to address any billing-related inquiries or concerns. They may also assist in generating financial reports and analyzing billing data to identify trends or areas for improvement.
Skills: Billing, Financial Transactions, Invoicing, Payment Processing, Record Keeping, Customer Service
Job industry: Healthcare
Job industry: Healthcare
How much does Billing Specialist make?
Salary details
How much does Billing Specialist make?Estimated Yearly Salary: 6,847,181 ISK
Estimated Monthly Salary: 570,598 ISK
Estimated Weekly Salary: 131,677 ISK per week
Estimated Hourly Salary: 3,292 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 6,592,729 ISKEstimated Monthly Salary: 549,394 ISK
Estimated Weekly Salary: 126,783 ISK per week
Estimated Hourly Salary: 3,170 ISK per hour
Last revision of data: 2024-01-09Billing Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 47,752 USD
Estimated Monthly Salary: 3,979 USD
Estimated Weekly Salary: 918 USD per week
Estimated Hourly Salary: 23 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Billing Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Billing Specialist in Iceland earns on average:
0.77 times the average salary (or 77% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Billing Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Billing Specialist in Iceland earns on average:
0.77 times the average salary (or 77% of average salary).
Is Billing Specialist a well paid job?
No, our data shows that Billing Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Billing Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Billing Specialist?
High salary for Billing Specialist would be somewhere between 7,531,899 ISK and 9,928,412 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Billing 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: 6,847,181 ISK
Estimated Monthly Salary: 570,598 ISK
Estimated Weekly Salary: 131,677 ISK per week
Estimated Hourly Salary: 3,292 ISK per hour
By working as Billing Specialist a person can save up to 1,251 USD per month or 15,006 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 Specialist
Norway is 66,630 USD
United Kingdom is 31,413 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Senior database administrator (dba) (15,499,710 ISK per year, pre-tax.)
Mortgage loan funder (8,795,387 ISK per year, pre-tax.)
Lab technician i (5,456,562 ISK per year, pre-tax.)
Auto body repairer (7,070,354 ISK per year, pre-tax.)
Environmental supervisor (6,400,917 ISK per year, pre-tax.)
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