Corporate Accountant salary in Iceland

Average Yearly Salary of Corporate Accountant in Iceland is approximately 11,408,685 ISK (80,123 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 Corporate Accountant do?

A corporate accountant is responsible for managing financial records, ensuring accurate and timely reporting, and analyzing financial data to support decision-making within a company. They prepare financial statements, budgets, and forecasts, and monitor financial transactions to ensure compliance with accounting principles and regulations. Corporate accountants also play a crucial role in tax planning and preparation, as well as in conducting internal audits to identify potential risks and improve financial controls. They collaborate with other departments to analyze financial performance, provide recommendations for cost reduction or revenue enhancement, and support strategic planning initiatives. Attention to detail, strong analytical skills, and proficiency in accounting software are essential for this role.

Skills: corporate accountant, financial reporting, financial analysis, budgeting, tax planning, internal audit.
Job industry: Accounting

How much does Corporate Accountant make?

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


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Salary comparison to National average

Is Corporate Accountant a well paid job?

Yes, our data shows that Corporate Accountant 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 Corporate Accountant?

High salary for Corporate Accountant would be somewhere between 12,549,554 ISK and 16,542,593 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Corporate Accountant 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: 11,408,685 ISK
Estimated Monthly Salary: 950,724 ISK
Estimated Weekly Salary: 219,398 ISK per week
Estimated Hourly Salary: 5,485 ISK per hour
By working as Corporate Accountant a person can save up to 3,948 USD per month or 47,377 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 Corporate Accountant

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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