Finance Administrator salary in Iceland

Average Yearly Salary of Finance Administrator in Iceland is approximately 9,916,415 ISK (69,317 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 Finance Administrator do?

A finance administrator is responsible for managing the financial operations and transactions of an organization. They play a crucial role in maintaining accurate financial records, preparing financial reports, and ensuring compliance with financial regulations. Their duties may include managing accounts payable and receivable, processing invoices and payments, reconciling bank statements, and assisting with budgeting and forecasting. The finance administrator also plays a key role in analyzing financial data to identify trends and patterns, providing insights to support strategic decision-making. They collaborate with other departments to develop financial plans and strategies, and may be involved in financial audits and tax filings. Strong analytical skills, attention to detail, and proficiency in financial software and tools are essential for this role.

Skills: Finance Administrator, Financial Operations, Financial Reporting, Compliance, Budgeting, Financial Analysis
Job industry: Finance

How much does Finance Administrator make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Finance Administrator a well paid job?

Yes, our data show that Finance Administrator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Finance Administrator?

High salary for Finance Administrator would be somewhere between 10,908,057 ISK and 14,378,802 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Finance Administrator 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: 9,916,415 ISK
Estimated Monthly Salary: 826,368 ISK
Estimated Weekly Salary: 190,700 ISK per week
Estimated Hourly Salary: 4,768 ISK per hour
By working as Finance Administrator a person can save up to 3,048 USD per month or 36,571 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 Finance Administrator

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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