Financial Systems Director salary in Iceland

Average Yearly Salary of Financial Systems Director in Iceland is approximately 24,718,193 ISK (173,255 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 Systems Director do?

A Financial Systems Director is responsible for overseeing and managing the financial systems of an organization. They ensure the smooth operation, maintenance, and enhancement of financial software applications and tools. Their main objective is to optimize financial processes and data management, ensuring accuracy, efficiency, and compliance with regulatory requirements. The role involves analyzing business needs, identifying system improvements, and implementing solutions to enhance financial reporting, budgeting, forecasting, and analysis capabilities. Financial Systems Directors collaborate with cross-functional teams to gather requirements, develop project plans, and execute system upgrades or implementations. They also provide training and support to end-users, troubleshoot issues, and ensure data integrity and security.

Skills: Financial Systems Director, Financial Software Management, Financial Reporting, Budgeting and Forecasting, Compliance, Data Management
Job industry: Finance

How much does Financial Systems Director 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 Systems Director a well paid job?

Yes, our data show that Financial Systems Director 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 Systems Director?

High salary for Financial Systems Director would be somewhere between 27,190,012 ISK and 35,841,380 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Systems Director 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: 24,718,193 ISK
Estimated Monthly Salary: 2,059,849 ISK
Estimated Weekly Salary: 475,350 ISK per week
Estimated Hourly Salary: 11,884 ISK per hour
By working as Financial Systems Director a person can save up to 11,709 USD per month or 140,509 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 Systems Director

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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