Senior Contract Administrator salary in Iceland

Average Yearly Salary of Senior Contract Administrator in Iceland is approximately 15,494,504 ISK (108,462 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 Senior Contract Administrator do?

A senior contract administrator is responsible for overseeing and managing all aspects of contracts within an organization. They play a crucial role in the negotiation, drafting, and execution of contracts, ensuring compliance with legal and regulatory requirements. Their duties involve reviewing contract terms and conditions, identifying potential risks, and proposing necessary amendments. They collaborate with various stakeholders, such as clients, vendors, and legal teams, to ensure effective communication and understanding of contract requirements. Senior contract administrators also monitor contract performance, track milestones, and resolve any disputes or issues that may arise. They are skilled in contract management software and possess excellent analytical, organizational, and negotiation skills.

Skills: Senior Contract Administrator, Contract Management, Legal Compliance, Negotiation, Risk Assessment, Contract Performance
Job industry: Construction

How much does Senior Contract Administrator make?

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


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Salary comparison to National average

Is Senior Contract Administrator a well paid job?

Yes, our data shows that Senior Contract Administrator 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 Senior Contract Administrator?

High salary for Senior Contract Administrator would be somewhere between 17,043,954 ISK and 22,467,031 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Contract Administrator 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: 15,494,504 ISK
Estimated Monthly Salary: 1,291,209 ISK
Estimated Weekly Salary: 297,971 ISK per week
Estimated Hourly Salary: 7,449 ISK per hour
By working as Senior Contract Administrator a person can save up to 6,310 USD per month or 75,716 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 Senior Contract Administrator

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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