Finance Assistant salary in Iceland

Average Yearly Salary of Finance Assistant in Iceland is approximately 6,831,683 ISK (47,620 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 Assistant do?

A finance assistant is responsible for providing support to the finance department of an organization. Their main duties include processing and recording financial transactions, reconciling accounts, preparing financial reports, and assisting with budgeting and forecasting. They may also be involved in tasks such as invoice management, payroll processing, and expense tracking. A finance assistant needs to have strong numerical and analytical skills, as well as proficiency in using financial software and spreadsheets. Attention to detail, accuracy, and the ability to work with confidential information are essential qualities for this role. Effective communication and teamwork skills are also important, as they often collaborate with other departments and external stakeholders. Overall, a finance assistant plays a crucial role in ensuring the smooth operation of the finance function within an organization.

Skills: finance, accounting, financial transactions, financial reporting, budgeting, financial software
Job industry: Finance

How much does Finance Assistant 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 Assistant a well paid job?

No, our data shows that Finance Assistant is typically not a well-paid job. The salary varies based on experience. Meaning that even though Finance Assistant might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Finance Assistant?

High salary for Finance Assistant would be somewhere between 7,514,851 ISK and 9,905,940 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Finance Assistant 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: 6,831,683 ISK
Estimated Monthly Salary: 569,307 ISK
Estimated Weekly Salary: 131,379 ISK per week
Estimated Hourly Salary: 3,284 ISK per hour
By working as Finance Assistant a person can save up to 1,240 USD per month or 14,874 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 Assistant

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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