Get ready to: 

• Support the Pricing Actuary in developing and updating product pricing models.
• Analysr claims, premium, and portfolio data to identify trends and insights.
• Assist in conducting experience studies, profitability analysis, and pricing adequacy assessments.
• Prepare calculations, model outputs, reports, and presentations for internal stakeholders.
• Maintain and document pricing tools, models, and assumptions. Ensure data accuracy and compliance with internal controls and regulatory standards.
• Collaborate with Product Development, Risk, Underwriting and Data teams.

About you:

• University degree (completed or in progress) in Mathematics, Statistics, Actuarial Science, Economics, Data Scnience, or related field.
• Strong analytical and numerical skills with attention to detail.
• Proficiency in Excel; knowledge of SQL, R, Python, or similar tools is an advantage.
• Interest in actuarial work, risk modelling, or insurance pricing.
• Ability to explain analytical results in a clear and structured way.
• Strong communication and teamwork skills.
• Willingness to develop actuarial knowledge and pursue professional exams (advantage, not mandatory).

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

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.

• At least 2 years of actuarial experience, with a focus on reserving.
• Experience in annuity calculation is considered an advantage.
• Strong analytical and problem-solving skills.
• Proficient in actuarial software and tools.
• Proficiency in Latvian and good English skills (written and verbal)

 Reasons why you’ll love it here

You will be working from our modern HQ offices in the Riga city centre, while also having the option of a nomad-desk. What does that mean? Simple! In addition to our HQ, you can occasionally choose to work from dynamic locations across Riga, Tallinn, Warsaw, and Vilnius, or, if you wish, your home office.

Say goodbye to micromanagement and hello to creative freedom! Our flat organizational structure empowers each employee to make meaningful decisions and contribute directly to our shared vision. Our OKR (Objective and Key Results) bonus system aligns your personal goals with company objectives, giving you the freedom to grow in a way you see fit and earn a little extra along the way.

Balcia brings a whole new meaning to insurance, making it dynamic, vibrant, and full of exciting surprises! From creative brainstorming and innovative projects to unique collaborations, it's never boring at Balcia! To make your start here as smooth as possible we'll provide effective onboarding, and any additional training or guidance you may need.

You'll receive a competitive salary that's based on your competencies and previous experience. What's more, you'll receive high quality health insurance (from day one!), additional paid days off, amazing discounts on Balcia products to keep you and your family safe, and many more. As lovers of surprises, we make sure that each year our benefits package is reviewed with the intent to include even more bonuses!