Home > Salary > Iceland > Finance Officer
A finance officer is responsible for managing the financial operations of an organization. They handle various tasks related to budgeting, financial planning, monitoring cash flow, preparing financial reports, and ensuring compliance with financial regulations. Finance officers analyze financial data, identify trends and patterns, and provide recommendations to improve the financial performance of the organization. They work closely with other departments to develop budgets, track expenses, and make strategic financial decisions. Attention to detail, strong analytical skills, and a good understanding of financial principles are essential in this role. Additionally, finance officers must have excellent communication and interpersonal skills to effectively collaborate with colleagues and stakeholders.
Estimated Yearly Salary: 11,862,023 ISK
Estimated Monthly Salary: 988,502 ISK
Estimated Weekly Salary: 228,116 ISK per week
Estimated Hourly Salary: 5,703 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 957,016 ISK
Estimated Weekly Salary: 220,850 ISK per week
Estimated Hourly Salary: 5,521 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 83,125 USD
Estimated Monthly Salary: 6,927 USD
Estimated Weekly Salary: 1,599 USD per week
Estimated Hourly Salary: 40 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: 11,862,023 ISK
Estimated Monthly Salary: 988,502 ISK
Estimated Weekly Salary: 228,116 ISK per week
Estimated Hourly Salary: 5,703 ISK per hour
By working as Finance Officer a person can save up to 4,198 USD per month or 50,379 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 Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Director of program management (27,719,032 ISK per year, pre-tax.)
Quality assurance automation engineer (14,395,150 ISK per year, pre-tax.)
Faculty administrator (10,471,192 ISK per year, pre-tax.)
Web application analyst (9,805,977 ISK per year, pre-tax.)
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Finance Officer salary in Iceland
Average Yearly Salary of Finance Officer in Iceland is approximately 11,862,023 ISK (83,125 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 Officer do?
A finance officer is responsible for managing the financial operations of an organization. They handle various tasks related to budgeting, financial planning, monitoring cash flow, preparing financial reports, and ensuring compliance with financial regulations. Finance officers analyze financial data, identify trends and patterns, and provide recommendations to improve the financial performance of the organization. They work closely with other departments to develop budgets, track expenses, and make strategic financial decisions. Attention to detail, strong analytical skills, and a good understanding of financial principles are essential in this role. Additionally, finance officers must have excellent communication and interpersonal skills to effectively collaborate with colleagues and stakeholders.
Skills: finance officer, financial management, budgeting, financial reporting, cash flow management, financial analysis
Job industry: Finance
Job industry: Finance
How much does Finance Officer make?
Salary details
How much does Finance Officer make?Estimated Yearly Salary: 11,862,023 ISK
Estimated Monthly Salary: 988,502 ISK
Estimated Weekly Salary: 228,116 ISK per week
Estimated Hourly Salary: 5,703 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,484,187 ISKEstimated Monthly Salary: 957,016 ISK
Estimated Weekly Salary: 220,850 ISK per week
Estimated Hourly Salary: 5,521 ISK per hour
Last revision of data: 2024-01-02Finance Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 83,125 USD
Estimated Monthly Salary: 6,927 USD
Estimated Weekly Salary: 1,599 USD per week
Estimated Hourly Salary: 40 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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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 Officer job salary compared to average salary in Iceland.
Comparison shows that a person working as Finance Officer in Iceland earns on average:
1.33 times the average salary (or 133% 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 Officer job salary compared to average salary in Iceland.
Comparison shows that a person working as Finance Officer in Iceland earns on average:
1.33 times the average salary (or 133% of average salary).
Is Finance Officer a well paid job?
Yes, our data shows that Finance Officer 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 Finance Officer?
High salary for Finance Officer would be somewhere between 13,048,225 ISK and 17,199,933 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Finance Officer 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: 11,862,023 ISK
Estimated Monthly Salary: 988,502 ISK
Estimated Weekly Salary: 228,116 ISK per week
Estimated Hourly Salary: 5,703 ISK per hour
By working as Finance Officer a person can save up to 4,198 USD per month or 50,379 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 Officer
Norway is 116,480 USD
United Kingdom is 54,749 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:
Director of program management (27,719,032 ISK per year, pre-tax.)
Quality assurance automation engineer (14,395,150 ISK per year, pre-tax.)
Faculty administrator (10,471,192 ISK per year, pre-tax.)
Web application analyst (9,805,977 ISK per year, pre-tax.)
Principal process engineer (24,255,997 ISK per year, pre-tax.)
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