Commercial Motor Pricing Actuary at IFF

Riga, Vilnius County, Latvia -

Full Time

Start Date

Immediate

Expiry Date

17 Mar, 26

Salary

4500.0

Posted On

17 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Skills, Actuarial Skills, Pricing Analysis, Statistical Analysis, Insurance Markets Knowledge, Pricing Methodologies, SQL, Python, MS Excel, Communication Skills, Collaboration Skills, Initiative, Autonomy, Data Interpretation, Forecasting, Documentation

Industry

Chemical Manufacturing

Description

Join us and be part of a dynamic, growing company where you can build your skills, grow your career, and make a real impact! About the role We are looking for the Pricing Actuary to support the development of our Motor insurance products. This position requires conducting statistical analysis, making necessary assumptions about the product and policyholders' behavioural trends, 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 Prioritize your wellbeing with health insurance, additional vacation days, different activities in the office, and more. Explore further details about our employee benefits program LT / employee benefits program LV / employee benefits program EE. Join us! In case you have any questions, you can contact your possible future leader – Head of Pricing and Actuaries Unit Julius Pau. By submitting your application, you accept our privacy notice. If is an insurance company that helps a lot, and many. 4.5 million customers in seven countries, to be fairly precise. In order to help a lot, it is of course a given that we also support and uplift each other, no matter who we are and where we come from. We give each other boost, trust, and space so that we can reach new heights, together. And everyone of us can come to work every day feeling insured of growth. Return to Job Listing Home Page Follow us on LinkedIn and create job alert for If Insurance and/or If Insurance Baltic to get notified when we post new jobs that match your interest.

Responsibilities

The Pricing Actuary will analyze insurance portfolios, assess premium adequacy, and lead tariff projects for Commercial Motor products in the Baltic region. Responsibilities also include forecasting market developments and collaborating with various units on strategic projects.