General Ledger Supervisor salary in Iceland

Average Yearly Salary of General Ledger Supervisor in Iceland is approximately 12,739,765 ISK (89,252 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 General Ledger Supervisor do?

The occupation of a General Ledger Supervisor involves overseeing the financial records and transactions of an organization. They are responsible for ensuring the accuracy and integrity of the general ledger, reconciling accounts, preparing financial statements, and leading a team of accounting professionals. The General Ledger Supervisor also plays a crucial role in implementing and maintaining internal controls, identifying areas for process improvement, and providing guidance on accounting policies and procedures. They collaborate with other departments to gather and analyze financial data, resolve discrepancies, and ensure compliance with regulatory requirements. Strong analytical skills, attention to detail, and proficiency in accounting software are essential for this role. Additionally, effective communication and leadership abilities are necessary to supervise and motivate the team.

Skills: General Ledger Supervisor, Financial Records, Reconciliation, Financial Statements, Internal Controls, Accounting Policies
Job industry: Accounting

How much does General Ledger Supervisor make?

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


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Salary comparison to National average

Is General Ledger Supervisor a well paid job?

Yes, our data shows that General Ledger Supervisor 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 General Ledger Supervisor?

High salary for General Ledger Supervisor would be somewhere between 14,013,742 ISK and 18,472,659 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as General Ledger Supervisor 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: 12,739,765 ISK
Estimated Monthly Salary: 1,061,647 ISK
Estimated Weekly Salary: 244,995 ISK per week
Estimated Hourly Salary: 6,125 ISK per hour
By working as General Ledger Supervisor a person can save up to 4,709 USD per month or 56,506 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 General Ledger Supervisor

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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