Home > Salary > Iceland > Senior Contracts Manager
A senior contracts manager is responsible for overseeing the entire contract management process within an organization. They review, negotiate, and draft contracts, ensuring that they comply with legal requirements and align with the company's objectives. They collaborate with various departments, such as legal, finance, and procurement, to ensure that contracts are executed efficiently and effectively. Senior contracts managers also handle contract disputes, amendments, and terminations, working closely with stakeholders to resolve issues and mitigate risks.
Estimated Yearly Salary: 20,721,099 ISK
Estimated Monthly Salary: 1,726,758 ISK
Estimated Weekly Salary: 398,483 ISK per week
Estimated Hourly Salary: 9,962 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,674,768 ISK
Estimated Weekly Salary: 386,485 ISK per week
Estimated Hourly Salary: 9,662 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 145,413 USD
Estimated Monthly Salary: 12,118 USD
Estimated Weekly Salary: 2,796 USD per week
Estimated Hourly Salary: 70 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 20,721,099 ISK
Estimated Monthly Salary: 1,726,758 ISK
Estimated Weekly Salary: 398,483 ISK per week
Estimated Hourly Salary: 9,962 ISK per hour
By working as Senior Contracts Manager a person can save up to 9,389 USD per month or 112,667 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.
Estimated Yearly Salary for Senior Contracts Manager
Last revision of data: 2025-01-04
Data as of 2025
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Senior Contracts Manager salary in Iceland
Average Yearly Salary of Senior Contracts Manager in Iceland is approximately 20,721,099 ISK (145,413 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 Manager do?
A senior contracts manager is responsible for overseeing the entire contract management process within an organization. They review, negotiate, and draft contracts, ensuring that they comply with legal requirements and align with the company's objectives. They collaborate with various departments, such as legal, finance, and procurement, to ensure that contracts are executed efficiently and effectively. Senior contracts managers also handle contract disputes, amendments, and terminations, working closely with stakeholders to resolve issues and mitigate risks.
Skills: Senior Contracts Manager, Contract Management, Legal Compliance, Negotiation, Risk Mitigation, Stakeholder Collaboration.
Job industry: Construction
Job industry: Construction
How much does Senior Contracts Manager make?
Salary details
How much does Senior Contracts Manager make?Estimated Yearly Salary: 20,721,099 ISK
Estimated Monthly Salary: 1,726,758 ISK
Estimated Weekly Salary: 398,483 ISK per week
Estimated Hourly Salary: 9,962 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 20,097,220 ISKEstimated Monthly Salary: 1,674,768 ISK
Estimated Weekly Salary: 386,485 ISK per week
Estimated Hourly Salary: 9,662 ISK per hour
Last revision of data: 2024-01-03Senior Contracts Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 145,413 USD
Estimated Monthly Salary: 12,118 USD
Estimated Weekly Salary: 2,796 USD per week
Estimated Hourly Salary: 70 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Senior Contracts Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Contracts Manager in Iceland earns on average:
2.32 times the average salary (or 232% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Senior Contracts Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Contracts Manager in Iceland earns on average:
2.32 times the average salary (or 232% of average salary).
Is Senior Contracts Manager a well paid job?
Yes, our data show that Senior Contracts 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 Senior Contracts Manager?
High salary for Senior Contracts Manager would be somewhere between 22,793,209 ISK and 30,045,594 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Contracts 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: 20,721,099 ISK
Estimated Monthly Salary: 1,726,758 ISK
Estimated Weekly Salary: 398,483 ISK per week
Estimated Hourly Salary: 9,962 ISK per hour
By working as Senior Contracts Manager a person can save up to 9,389 USD per month or 112,667 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 Manager
Norway is 204,148 USD
United Kingdom is 95,778 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Dialysis equipment technician (7,613,316 ISK per year, pre-tax.)
General ledger manager (12,334,751 ISK per year, pre-tax.)
Machine operator (5,190,926 ISK per year, pre-tax.)
Land entitlement manager (11,545,697 ISK per year, pre-tax.)
Sales operations analyst (10,023,703 ISK per year, pre-tax.)
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