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
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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)
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.
