Home > Salary > Iceland > Finance Coordinator
A finance coordinator is responsible for overseeing financial activities within an organization. They play a crucial role in ensuring the accuracy and efficiency of financial operations. This occupation involves a wide range of tasks, including budgeting, forecasting, expense tracking, financial reporting, and coordinating with various departments to ensure compliance with financial policies and procedures. A finance coordinator also assists in the preparation of financial statements, analyzes financial data to identify trends and patterns, and provides recommendations for improvement.
Estimated Yearly Salary: 9,567,146 ISK
Estimated Monthly Salary: 797,262 ISK
Estimated Weekly Salary: 183,984 ISK per week
Estimated Hourly Salary: 4,600 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 770,925 ISK
Estimated Weekly Salary: 177,906 ISK per week
Estimated Hourly Salary: 4,448 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 67,078 USD
Estimated Monthly Salary: 5,590 USD
Estimated Weekly Salary: 1,290 USD per week
Estimated Hourly Salary: 32 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: 9,567,146 ISK
Estimated Monthly Salary: 797,262 ISK
Estimated Weekly Salary: 183,984 ISK per week
Estimated Hourly Salary: 4,600 ISK per hour
By working as Finance Coordinator a person can save up to 2,861 USD per month or 34,332 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 Finance Coordinator
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Finance Coordinator salary in Iceland
Average Yearly Salary of Finance Coordinator in Iceland is approximately 9,567,146 ISK (67,078 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 Coordinator do?
A finance coordinator is responsible for overseeing financial activities within an organization. They play a crucial role in ensuring the accuracy and efficiency of financial operations. This occupation involves a wide range of tasks, including budgeting, forecasting, expense tracking, financial reporting, and coordinating with various departments to ensure compliance with financial policies and procedures. A finance coordinator also assists in the preparation of financial statements, analyzes financial data to identify trends and patterns, and provides recommendations for improvement.
Skills: Finance, Coordinator, Financial Operations, Budgeting, Reporting, Compliance
Job industry: Finance
Job industry: Finance
How much does Finance Coordinator make?
Salary details
How much does Finance Coordinator make?Estimated Yearly Salary: 9,567,146 ISK
Estimated Monthly Salary: 797,262 ISK
Estimated Weekly Salary: 183,984 ISK per week
Estimated Hourly Salary: 4,600 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 9,251,099 ISKEstimated Monthly Salary: 770,925 ISK
Estimated Weekly Salary: 177,906 ISK per week
Estimated Hourly Salary: 4,448 ISK per hour
Last revision of data: 2024-01-03Finance Coordinator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 67,078 USD
Estimated Monthly Salary: 5,590 USD
Estimated Weekly Salary: 1,290 USD per week
Estimated Hourly Salary: 32 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 Finance Coordinator job salary compared to average salary in Iceland.
Comparison shows that a person working as Finance Coordinator in Iceland earns on average:
1.07 times the average salary (or 107% 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 Finance Coordinator job salary compared to average salary in Iceland.
Comparison shows that a person working as Finance Coordinator in Iceland earns on average:
1.07 times the average salary (or 107% of average salary).
Is Finance Coordinator a well paid job?
Yes, our data show that Finance Coordinator 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 Coordinator?
High salary for Finance Coordinator would be somewhere between 10,523,861 ISK and 13,872,362 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Finance Coordinator 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: 9,567,146 ISK
Estimated Monthly Salary: 797,262 ISK
Estimated Weekly Salary: 183,984 ISK per week
Estimated Hourly Salary: 4,600 ISK per hour
By working as Finance Coordinator a person can save up to 2,861 USD per month or 34,332 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 Coordinator
Norway is 93,617 USD
United Kingdom is 44,094 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:
Apprentice lineman (8,060,689 ISK per year, pre-tax.)
Associate professor of mechanical engineering (20,947,927 ISK per year, pre-tax.)
Continuous improvement manager (12,257,442 ISK per year, pre-tax.)
Global quality assurance manager hardware (22,011,275 ISK per year, pre-tax.)
Photofinishing laboratory worker (3,479,555 ISK per year, pre-tax.)
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