Financial Reporting Manager salary in Iceland

Average Yearly Salary of Financial Reporting Manager in Iceland is approximately 18,556,843 ISK (130,320 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 Reporting Manager do?

A financial reporting manager is responsible for overseeing and managing the financial reporting activities of an organization. They are in charge of preparing and analyzing financial statements, ensuring compliance with accounting standards and regulations, and coordinating with internal and external auditors. The financial reporting manager plays a crucial role in providing accurate and timely financial information to key stakeholders, such as senior management, investors, and regulatory bodies. They also collaborate with other departments to gather and consolidate financial data, identify areas for improvement, and implement financial controls and procedures. This role requires strong analytical skills, attention to detail, and knowledge of accounting principles and financial reporting standards.

Skills: Financial reporting, Accounting, Financial statements, Compliance, Auditing, Financial analysis
Job industry: Finance

How much does Financial Reporting 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 Reporting Manager a well paid job?

Yes, our data show that Financial Reporting Manager is a very 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 Reporting Manager?

High salary for Financial Reporting Manager would be somewhere between 20,412,527 ISK and 26,907,422 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Reporting 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: 18,556,843 ISK
Estimated Monthly Salary: 1,546,404 ISK
Estimated Weekly Salary: 356,862 ISK per week
Estimated Hourly Salary: 8,922 ISK per hour
By working as Financial Reporting Manager a person can save up to 8,131 USD per month or 97,574 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 Reporting 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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