Verification Analyst salary in Iceland

Average Yearly Salary of Verification Analyst in Iceland is approximately 12,214,935 ISK (85,613 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 Verification Analyst do?

A Verification Analyst is responsible for ensuring the accuracy and validity of data and information within an organization. They review and verify various types of documents, such as financial records, customer information, or legal contracts, to ensure compliance with regulations and internal policies. The occupation involves conducting thorough research, cross-referencing data, and analyzing documents to identify any discrepancies or errors. Verification Analysts often collaborate with different departments to gather necessary information and resolve any issues that may arise during the verification process. Strong attention to detail, analytical skills, and the ability to work independently are essential in this role. Effective communication skills are also important to liaise with stakeholders and provide accurate reports regarding the verification results.

Skills: Verification Analyst, Data Accuracy, Document Verification, Compliance, Analytical Skills, Attention to Detail
Job industry: Finance

How much does Verification Analyst make?

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


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Salary comparison to National average

Is Verification Analyst a well paid job?

Yes, our data shows that Verification Analyst 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 Verification Analyst?

High salary for Verification Analyst would be somewhere between 13,436,429 ISK and 17,711,656 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Verification Analyst 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: 12,214,935 ISK
Estimated Monthly Salary: 1,017,911 ISK
Estimated Weekly Salary: 234,903 ISK per week
Estimated Hourly Salary: 5,873 ISK per hour
By working as Verification Analyst a person can save up to 4,406 USD per month or 52,867 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 Verification Analyst

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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