Home > Salary > Iraq > Director Finance Insurance
The occupation of a Director of Finance in the insurance industry involves overseeing and managing all financial aspects of an insurance company. This includes developing and implementing financial strategies, monitoring financial performance, analyzing financial data, and providing recommendations to senior management. The Director of Finance is responsible for budgeting, forecasting, and financial reporting, as well as ensuring compliance with regulatory requirements and internal policies. They collaborate with other departments to assess risk and determine insurance pricing and profitability. Additionally, they may be involved in mergers and acquisitions, investment management, and strategic planning. This role requires strong analytical skills, attention to detail, and knowledge of insurance industry regulations and practices.
Estimated Yearly Salary: 17,207,626 IQD
Estimated Monthly Salary: 1,433,969 IQD
Estimated Weekly Salary: 330,916 IQD per week
Estimated Hourly Salary: 8,273 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,389,252 IQD
Estimated Weekly Salary: 320,597 IQD per week
Estimated Hourly Salary: 8,015 IQD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 11,617 USD
Estimated Monthly Salary: 968 USD
Estimated Weekly Salary: 223 USD per week
Estimated Hourly Salary: 6 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: 17,207,626 IQD
Estimated Monthly Salary: 1,433,969 IQD
Estimated Weekly Salary: 330,916 IQD per week
Estimated Hourly Salary: 8,273 IQD per hour
By working as Director Finance Insurance a person can save up to 728 USD per month or 8,737 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 Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Director Finance Insurance
Last revision of data: 2025-01-04
Data as of 2025
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Director Finance Insurance salary in Iraq
Average Yearly Salary of Director Finance Insurance in Iraq is approximately 17,207,626 IQD (11,617 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 Director Finance Insurance do?
The occupation of a Director of Finance in the insurance industry involves overseeing and managing all financial aspects of an insurance company. This includes developing and implementing financial strategies, monitoring financial performance, analyzing financial data, and providing recommendations to senior management. The Director of Finance is responsible for budgeting, forecasting, and financial reporting, as well as ensuring compliance with regulatory requirements and internal policies. They collaborate with other departments to assess risk and determine insurance pricing and profitability. Additionally, they may be involved in mergers and acquisitions, investment management, and strategic planning. This role requires strong analytical skills, attention to detail, and knowledge of insurance industry regulations and practices.
Skills: Director of Finance, Insurance, Financial Management, Risk Assessment, Regulatory Compliance, Strategic Planning
Job industry: Insurance
Job industry: Insurance
How much does Director Finance Insurance make?
Salary details
How much does Director Finance Insurance make?Estimated Yearly Salary: 17,207,626 IQD
Estimated Monthly Salary: 1,433,969 IQD
Estimated Weekly Salary: 330,916 IQD per week
Estimated Hourly Salary: 8,273 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,671,018 IQDEstimated Monthly Salary: 1,389,252 IQD
Estimated Weekly Salary: 320,597 IQD per week
Estimated Hourly Salary: 8,015 IQD per hour
Last revision of data: 2024-01-02Director Finance Insurance estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 11,617 USD
Estimated Monthly Salary: 968 USD
Estimated Weekly Salary: 223 USD per week
Estimated Hourly Salary: 6 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
Compare salary to other countries
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Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Director Finance Insurance job salary compared to average salary in Iraq.
Comparison shows that a person working as Director Finance Insurance in Iraq earns on average:
2.11 times the average salary (or 211% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Director Finance Insurance job salary compared to average salary in Iraq.
Comparison shows that a person working as Director Finance Insurance in Iraq earns on average:
2.11 times the average salary (or 211% of average salary).
Is Director Finance Insurance a well paid job?
Yes, our data show that Director Finance Insurance 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 Director Finance Insurance?
High salary for Director Finance Insurance would be somewhere between 18,928,389 IQD and 24,951,058 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Director Finance Insurance in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 17,207,626 IQD
Estimated Monthly Salary: 1,433,969 IQD
Estimated Weekly Salary: 330,916 IQD per week
Estimated Hourly Salary: 8,273 IQD per hour
By working as Director Finance Insurance a person can save up to 728 USD per month or 8,737 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Director Finance Insurance
Iran is 15,352 USD
Jordan is 18,473 USD
Kuwait is 25,948 USD
Saudi Arabia is 53,735 USD
Syria is 7,099 USD
Turkey is 20,563 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Information technology (it), trainer (10,951,980 IQD per year, pre-tax.)
Vehicle inspector (5,122,007 IQD per year, pre-tax.)
Arbitrator mediator conciliator (8,486,400 IQD per year, pre-tax.)
Analytical strategist (12,599,964 IQD per year, pre-tax.)
Patient scheduling coordinator (5,621,226 IQD per year, pre-tax.)
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