Home > Salary > Iceland > Credit Manager
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Estimated Yearly Salary: 13,094,391 ISK
Estimated Monthly Salary: 1,091,199 ISK
Estimated Weekly Salary: 251,815 ISK per week
Estimated Hourly Salary: 6,295 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,054,482 ISK
Estimated Weekly Salary: 243,342 ISK per week
Estimated Hourly Salary: 6,084 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 91,862 USD
Estimated Monthly Salary: 7,655 USD
Estimated Weekly Salary: 1,767 USD per week
Estimated Hourly Salary: 44 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 13,094,391 ISK
Estimated Monthly Salary: 1,091,199 ISK
Estimated Weekly Salary: 251,815 ISK per week
Estimated Hourly Salary: 6,295 ISK per hour
By working as Credit Manager a person can save up to 4,926 USD per month or 59,116 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 Credit Manager
Last revision of data: 2025-01-04
Data as of 2025
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Credit Manager salary in Iceland
Average Yearly Salary of Credit Manager in Iceland is approximately 13,094,391 ISK (91,862 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 Credit Manager do?
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Skills: Credit management, Risk assessment, Financial analysis, Debt collection, Customer relations, Payment terms
Job industry: Finance
Job industry: Finance
How much does Credit Manager make?
Salary details
How much does Credit Manager make?Estimated Yearly Salary: 13,094,391 ISK
Estimated Monthly Salary: 1,091,199 ISK
Estimated Weekly Salary: 251,815 ISK per week
Estimated Hourly Salary: 6,295 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,653,784 ISKEstimated Monthly Salary: 1,054,482 ISK
Estimated Weekly Salary: 243,342 ISK per week
Estimated Hourly Salary: 6,084 ISK per hour
Last revision of data: 2024-01-06Credit Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 91,862 USD
Estimated Monthly Salary: 7,655 USD
Estimated Weekly Salary: 1,767 USD per week
Estimated Hourly Salary: 44 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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 Credit Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Credit Manager in Iceland earns on average:
1.46 times the average salary (or 146% 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 Credit Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Credit Manager in Iceland earns on average:
1.46 times the average salary (or 146% of average salary).
Is Credit Manager a well paid job?
Yes, our data shows that Credit 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 Credit Manager?
High salary for Credit Manager would be somewhere between 14,403,830 ISK and 18,986,867 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit 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: 13,094,391 ISK
Estimated Monthly Salary: 1,091,199 ISK
Estimated Weekly Salary: 251,815 ISK per week
Estimated Hourly Salary: 6,295 ISK per hour
By working as Credit Manager a person can save up to 4,926 USD per month or 59,116 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 Credit Manager
Norway is 128,411 USD
United Kingdom is 60,415 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:
Operator inserting machine (4,206,345 ISK per year, pre-tax.)
Signal and track switch repairer (6,592,729 ISK per year, pre-tax.)
Professional wrestler (18,324,065 ISK per year, pre-tax.)
Urgent care physician (27,678,095 ISK per year, pre-tax.)
Early intervention physical therapist (7,512,626 ISK per year, pre-tax.)
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All salary data on this website are for informational use only. We gather data from numerous reliable sources, yet cannot ensure complete accuracy. Before making financial choices, visitors should consult external authoritative sources. Salaries fluctuate due to several factors, including economic conditions, job market trends, and geographic location. We deny any liability for misrepresentations in the salary information provided here. Your use with this website constitutes agreement of this disclaimer.