Home > Salary > Iceland > Senior Cost Accountant
A senior cost accountant is responsible for overseeing and managing the financial aspects of a company's operations. They analyze costs, pricing, and profitability to provide accurate financial information to management for decision-making purposes. Their key responsibilities include preparing and analyzing cost reports, conducting variance analysis, developing budgets and forecasts, and ensuring compliance with accounting principles and regulations. They also play a crucial role in identifying cost-saving opportunities and improving operational efficiency.
Estimated Yearly Salary: 15,226,795 ISK
Estimated Monthly Salary: 1,268,900 ISK
Estimated Weekly Salary: 292,823 ISK per week
Estimated Hourly Salary: 7,321 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,222,853 ISK
Estimated Weekly Salary: 282,197 ISK per week
Estimated Hourly Salary: 7,055 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 105,973 USD
Estimated Monthly Salary: 8,831 USD
Estimated Weekly Salary: 2,038 USD per week
Estimated Hourly Salary: 51 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 15,226,795 ISK
Estimated Monthly Salary: 1,268,900 ISK
Estimated Weekly Salary: 292,823 ISK per week
Estimated Hourly Salary: 7,321 ISK per hour
By working as Senior Cost Accountant a person can save up to 6,102 USD per month or 73,227 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 Cost Accountant
Last revision of data: 2025-01-04
Data as of 2025
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Senior Cost Accountant salary in Iceland
Average Yearly Salary of Senior Cost Accountant in Iceland is approximately 15,226,795 ISK (105,973 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 Cost Accountant do?
A senior cost accountant is responsible for overseeing and managing the financial aspects of a company's operations. They analyze costs, pricing, and profitability to provide accurate financial information to management for decision-making purposes. Their key responsibilities include preparing and analyzing cost reports, conducting variance analysis, developing budgets and forecasts, and ensuring compliance with accounting principles and regulations. They also play a crucial role in identifying cost-saving opportunities and improving operational efficiency.
Skills: Senior Cost Accountant, Financial Analysis, Cost Management, Budgeting, Variance Analysis, Compliance.
Job industry: Manufacturing
Job industry: Manufacturing
How much does Senior Cost Accountant make?
Salary details
How much does Senior Cost Accountant make?Estimated Yearly Salary: 15,226,795 ISK
Estimated Monthly Salary: 1,268,900 ISK
Estimated Weekly Salary: 292,823 ISK per week
Estimated Hourly Salary: 7,321 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 14,674,231 ISKEstimated Monthly Salary: 1,222,853 ISK
Estimated Weekly Salary: 282,197 ISK per week
Estimated Hourly Salary: 7,055 ISK per hour
Last revision of data: 2024-01-05Senior Cost Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 105,973 USD
Estimated Monthly Salary: 8,831 USD
Estimated Weekly Salary: 2,038 USD per week
Estimated Hourly Salary: 51 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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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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 Cost Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Cost Accountant in Iceland earns on average:
1.7 times the average salary (or 170% 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 Cost Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Cost Accountant in Iceland earns on average:
1.7 times the average salary (or 170% of average salary).
Is Senior Cost Accountant a well paid job?
Yes, our data shows that Senior Cost Accountant 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 Cost Accountant?
High salary for Senior Cost Accountant would be somewhere between 16,749,475 ISK and 22,078,853 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Cost Accountant 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: 15,226,795 ISK
Estimated Monthly Salary: 1,268,900 ISK
Estimated Weekly Salary: 292,823 ISK per week
Estimated Hourly Salary: 7,321 ISK per hour
By working as Senior Cost Accountant a person can save up to 6,102 USD per month or 73,227 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 Cost Accountant
Norway is 148,164 USD
United Kingdom is 69,577 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:
Water process engineer (14,036,165 ISK per year, pre-tax.)
Front end developer engineer (12,171,677 ISK per year, pre-tax.)
Sap security administrator (13,603,616 ISK per year, pre-tax.)
Qualitative research analyst (10,220,550 ISK per year, pre-tax.)
Airport operations officer (9,240,103 ISK per year, pre-tax.)
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