Commercial Motor Pricing Actuary

If P&C Insurance AS Latvijas filiāle

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Company

About the role

We are looking for a Pricing Actuary to support the development of our Motor insurance products. The role involves conducting statistical analyses, making assumptions about product and policyholder behavior, and forecasting product results.

You will be responsible for

Analyzing insurance portfolios and assessing the adequacy of premiums.
Leading tariff projects and maintaining tariffs for Commercial Motor products in Estonia, Latvia, and Lithuania.
Forecasting market developments and understanding trends.
Developing and improving pricing methodology and tools.
Coordinating Baltic product analysis standards and reporting tools.
Driving convergence toward common Baltic pricing processes and expanding tariff-based pricing.
Documenting pricing processes and supporting Baltic-wide process development.
Collaborating with Actuary, Underwriting, Data, IT, and other units on strategic projects.
Participating in customer-focused initiatives such as segmentation and rating.

What do we expect from you?

Strong analytical or actuarial skills with experience in pricing or portfolio analysis.
Ability to interpret complex data and present clear, actionable insights.
Knowledge of insurance markets and trends, preferably in motor lines.
Familiarity with pricing methodologies and tools.
Proficiency in relevant tools, like SQL, Python, MS Excel, and willingness to learn new technologies.
Ability of taking initiative and working autonomously, driven by achieving results.
Excellent communication and collaboration skills.
Bachelor's degree in mathematics, statistics, econometrics, or IT.
Fluency in English and proficient in one of the Baltic languages.

Our promise to you

For stability

Monthly salary: €3600-4500 gross, if you are employed in Lithuania; €2700-3600 gross, if you are employed in Latvia; €3500-4400 gross, if you are employed in Estonia*. Additionally, there is an annual bonus. (*Please note that the specific amount varies due to different employment taxation in Baltic countries.)
We offer various financial benefits, including discounts on our products for both you and your family, special gifts for birthdays, among other perks.
Our primary workplace is the office, but there is a possibility of hybrid work
Job location: Vilnius, Riga, and Tallinn.

For development

Stimulating and exciting projects with the freedom to independently plan your tasks.
Access to personal development and training opportunities.
Experience a strong international company culture, including company events, captivating speakers, and other inspiring initiatives.

For wellbeing