Home > Salary > Iceland > Commercial Finance Manager
A commercial finance manager is responsible for overseeing the financial operations of a company, with a focus on commercial aspects. They analyze financial data and provide strategic recommendations to optimize profitability and minimize risk. Their duties include preparing financial reports, budgets, and forecasts, managing cash flow, evaluating investment opportunities, and ensuring compliance with financial regulations. They collaborate with other departments to develop pricing strategies, negotiate contracts, and assess the financial impact of business decisions. Additionally, they may supervise a team of financial analysts and work closely with senior management to drive business growth and achieve financial objectives.
Estimated Yearly Salary: 20,844,502 ISK
Estimated Monthly Salary: 1,737,042 ISK
Estimated Weekly Salary: 400,856 ISK per week
Estimated Hourly Salary: 10,021 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,674,768 ISK
Estimated Weekly Salary: 386,485 ISK per week
Estimated Hourly Salary: 9,662 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 145,602 USD
Estimated Monthly Salary: 12,134 USD
Estimated Weekly Salary: 2,800 USD per week
Estimated Hourly Salary: 70 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: 20,844,502 ISK
Estimated Monthly Salary: 1,737,042 ISK
Estimated Weekly Salary: 400,856 ISK per week
Estimated Hourly Salary: 10,021 ISK per hour
By working as Commercial Finance Manager a person can save up to 9,405 USD per month or 112,856 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 Commercial Finance Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Commercial Finance Manager salary in Iceland
Average Yearly Salary of Commercial Finance Manager in Iceland is approximately 20,844,502 ISK (145,602 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 Commercial Finance Manager do?
A commercial finance manager is responsible for overseeing the financial operations of a company, with a focus on commercial aspects. They analyze financial data and provide strategic recommendations to optimize profitability and minimize risk. Their duties include preparing financial reports, budgets, and forecasts, managing cash flow, evaluating investment opportunities, and ensuring compliance with financial regulations. They collaborate with other departments to develop pricing strategies, negotiate contracts, and assess the financial impact of business decisions. Additionally, they may supervise a team of financial analysts and work closely with senior management to drive business growth and achieve financial objectives.
Skills: Commercial finance manager, Financial analysis, Strategic planning, Risk management, Budgeting, Cash flow management
Job industry: Finance
Job industry: Finance
How much does Commercial Finance Manager make?
Salary details
How much does Commercial Finance Manager make?Estimated Yearly Salary: 20,844,502 ISK
Estimated Monthly Salary: 1,737,042 ISK
Estimated Weekly Salary: 400,856 ISK per week
Estimated Hourly Salary: 10,021 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 20,097,220 ISKEstimated Monthly Salary: 1,674,768 ISK
Estimated Weekly Salary: 386,485 ISK per week
Estimated Hourly Salary: 9,662 ISK per hour
Last revision of data: 2024-01-06Commercial Finance Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 145,602 USD
Estimated Monthly Salary: 12,134 USD
Estimated Weekly Salary: 2,800 USD per week
Estimated Hourly Salary: 70 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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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 Commercial Finance Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Commercial Finance Manager in Iceland earns on average:
2.33 times the average salary (or 233% 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 Commercial Finance Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Commercial Finance Manager in Iceland earns on average:
2.33 times the average salary (or 233% of average salary).
Is Commercial Finance Manager a well paid job?
Yes, our data show that Commercial Finance Manager 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 Commercial Finance Manager?
High salary for Commercial Finance Manager would be somewhere between 22,928,952 ISK and 30,224,528 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Commercial Finance 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: 20,844,502 ISK
Estimated Monthly Salary: 1,737,042 ISK
Estimated Weekly Salary: 400,856 ISK per week
Estimated Hourly Salary: 10,021 ISK per hour
By working as Commercial Finance Manager a person can save up to 9,405 USD per month or 112,856 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 Commercial Finance Manager
Norway is 204,218 USD
United Kingdom is 95,449 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:
Promotions producer television (7,591,683 ISK per year, pre-tax.)
Yield engineer (19,330,145 ISK per year, pre-tax.)
Radiation technologist (7,196,282 ISK per year, pre-tax.)
Manufacturing team leader (8,045,061 ISK per year, pre-tax.)
Jewelry repairer (5,591,260 ISK per year, pre-tax.)
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