[1][2] He was named the Úrvalsdeild Coach of the Year in the 2010–11 season,[3] when he won the Icelandic championship with the KR.

As a player he played 139 games in the Úrvalsdeild with KR and KFÍ, winning the national championship in 1990.

In October 2015 he won the Icelandic Company Cup after Stjarnan beat Þór Þorlákshöfn 72-58[13] in the final.

On 27 March 2018, after Stjarnan's first round exit against ÍR, the club announced that it had decided not to renew his contract.

[14] On 20 July 2018 Hrafn was hired as the head coach of newly promoted 2. deild karla club Álftanes.

[18] Hrafn announced his retirement from coaching in April 2022 following Álftanes' loss against Höttur in the 1. deild promotion playoffs.