Financial Accounting Manager salary in Iceland

Average Yearly Salary of Financial Accounting Manager in Iceland is approximately 16,017,249 ISK (112,042 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 Financial Accounting Manager do?

A financial accounting manager is responsible for overseeing the financial operations and ensuring accurate and timely recording of transactions within an organization. They supervise a team of accountants, set financial goals, develop accounting procedures, and ensure compliance with financial regulations. The role involves preparing financial statements, conducting audits, analyzing financial data, and providing financial reports to management. Additionally, financial accounting managers collaborate with other departments to streamline processes, manage budgets, and make informed financial decisions. They also play a crucial role in tax planning and ensuring adherence to tax laws. Strong analytical skills, attention to detail, proficiency in accounting software, and knowledge of financial regulations are essential for this role.

Skills: Financial Accounting Manager, Financial Operations, Financial Statements, Compliance, Financial Regulations, Tax Planning.
Job industry: Finance

How much does Financial Accounting Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Financial Accounting Manager a well paid job?

Yes, our data shows that Financial Accounting 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 Financial Accounting Manager?

High salary for Financial Accounting Manager would be somewhere between 17,618,974 ISK and 23,225,011 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Accounting 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: 16,017,249 ISK
Estimated Monthly Salary: 1,334,771 ISK
Estimated Weekly Salary: 308,024 ISK per week
Estimated Hourly Salary: 7,701 ISK per hour
By working as Financial Accounting Manager a person can save up to 6,608 USD per month or 79,296 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 Financial Accounting Manager

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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