Senior Contracts Administrator salary in Iceland

Average Yearly Salary of Senior Contracts Administrator in Iceland is approximately 16,938,754 ISK (118,848 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 Contracts Administrator do?

A Senior Contracts Administrator is a professional responsible for overseeing and managing the entire contract lifecycle within an organization. They play a critical role in ensuring that contracts are drafted, negotiated, and executed accurately and efficiently. Their primary duties include reviewing contract terms and conditions, identifying potential risks, negotiating with vendors or clients, and ensuring compliance with legal and regulatory requirements. Additionally, Senior Contracts Administrators may be involved in resolving contract disputes, providing guidance to internal stakeholders, and monitoring contract performance. They must possess strong analytical, negotiation, and communication skills, as well as a thorough understanding of contract law and procurement processes.

Skills: Senior Contracts Administrator, Contract Management, Legal Compliance, Negotiation Skills, Risk Assessment, Procurement Processes
Job industry: Construction

How much does Senior Contracts 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 Contracts Administrator a well paid job?

Yes, our data shows that Senior Contracts 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 Contracts Administrator?

High salary for Senior Contracts Administrator would be somewhere between 18,632,629 ISK and 24,561,193 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Contracts 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: 16,938,754 ISK
Estimated Monthly Salary: 1,411,563 ISK
Estimated Weekly Salary: 325,745 ISK per week
Estimated Hourly Salary: 8,144 ISK per hour
By working as Senior Contracts Administrator a person can save up to 7,175 USD per month or 86,102 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 Contracts 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.

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Data as of 2025

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