You will

• Take ownership of MTPL and CASCO tariffs across our markets, from technical pricing to final commercial rates

• Develop advanced pricing models using GLMs, GBMs, and machine learning techniques

• Drive pricing strategy, rate reviews, and tariff optimisation to balance growth, profitability, and retention

• Monitor portfolio performance, market trends, and competitor pricing to identify opportunities

• Improve rating structures, explore new data sources, and drive automation while ensuring model governance and regulatory compliance

• Present recommendations to senior management and mentor other actuaries and analysts

About you 

• If you’re a team player who enjoys collaborating with others to achieve shared business objectives
• If you have experience in price optimisation, demand modelling, or working across European markets
• If you’re fluent in Latvian and have strong English skills

• If you can translate complex analysis into clear recommendations, influence stakeholders, and support colleagues’ development

Sound familiar? Great! Shoot us a message and let’s see where this connection takes us!

To fit in here you’ll need:

• A relevant university degree and at least 2 years of non-life insurance pricing experience, particularly in MTPL and/or CASCO

• Proven experience building and implementing GLM or machine learning pricing models in production

• Strong SQL and R or Python skills

• Strong analytical, communication, and stakeholder management skills, with the ability to turn complex analysis into business recommendations

• Experience mentoring colleagues; an actuarial qualification is a strong advantage

• Tech-savviness and an AI mindset — curiosity about AI tools and new technologies, with previous experience using them being a plus

Reasons why you’ll love it here

At Balcia, we're building a different kind of insurance company, one that moves fast, challenges the status quo, and puts people at the centre of everything we do. You'll work in a modern office in Riga city centre with hybrid work opportunities and occasional access to Balcia offices across Tallinn, Warsaw, and Vilnius. We believe flexibility helps people do their best work.

Our flat organizational structure means less bureaucracy and more ownership. You'll have the freedom to make decisions, contribute ideas, and create real impact. We trust people to take initiative and own the outcome.

We're also not big fans of "that's how it's always been done." We continuously challenge ourselves to improve, experiment, and find smarter ways of working. We call this Outsmart Yesterday.

At the same time, we believe high performance and humanity go hand in hand. We communicate openly, support one another, celebrate successes, and learn from mistakes together. That's how we stay human and keep it crystal clear.

To help you succeed, we'll provide structured onboarding, the tools you need, and opportunities to keep learning and growing throughout your journey with us.

If you're looking for a place where you can make an impact, grow quickly, and help shape the future of insurance, we'd love to meet you.