About the job

We're a tech-driven insurance company with Latvian roots, causing waves in the industry with our fresh approach. Our secret? Placing people's lifestyles at the heart of our products and leveraging the power of automation. The result is an insurance experience that's as hassle-free as it gets. No need to buy and cancel policies anymore - just a simple, convenient subscription service that smoothly integrates insurance into your everyday life. Today, we are sprinkled across Latvia, Lithuania, Estonia, Poland, France, Germany, and Italy. We're all over the place, and we're just getting started. We are on a mission to redefine the way you think about insurance.

POSITION

As a Group Product Manager at Balcia, you’ll be the driving force behind profitable growth across markets - shaping strong, consistent product portfolios and transforming market complexity into a clear competitive advantage. Working closely with leadership and cross-functional teams, you’ll align product strategy with business goals, ensuring Balcia’s offerings remain relevant, scalable, and future-ready.

We are looking for Product Managers in six key areas: Motor (mass MTPL and CASCO), Motor (fleets), Private Property (including specialty products), Commercial Property, Liability, and Personal Lines — so please select the area that best matches your expertise and apply.

GET READY TO:

• Lead and grow the group-wide insurance product portfolio in your area of expertise across multiple countries (e.g. Motor, Property, Liability or Personal lines).
• Own the Product P&L and set ambitious targets for growth, conversion, loss ratio, and combined ratio.
• Build deep market and customer insights, identify opportunities, and turn them into actionable strategies.
• Lead end-to-end product design: coverages, wordings, underwriting rules, eligibility, and pricing in close partnership with the Actuarial team.
• Prepare business cases, and go-to-market plans.
• Oversee portfolio performance: monitor frequency/severity/average premiums and claims, trends by segment, channel, and geography; implement corrective actions (pricing, underwriting appetite, discounts, etc.).
• Strengthen distribution channels and digital journeys, ensuring seamless customer experiences from quote to issue.
• Ensure regulatory compliance and standardize product frameworks and governance across countries.
• Lead, mentor, and develop cross-country product teams, fostering a high-performing and motivated culture.
• Manage external partners and vendors, including rating engines and data providers.
• Coordinate with reinsurance management.

ABOUT YOU:

• Complex challenges energize you and keep you motivated every day.
• You bring energy, passion, and ownership into everything you do.
• You are collaborative, supportive, and thrive when taking responsibility.
• You learn fast, are detail-oriented, and handle sensitive information with care.
• You are results-driven and enjoy finding creative solutions to complex problems.

TO FIT HERE, YOU'LL NEED:

• Bachelor’s degree in Business, Economics, Finance, Actuarial Science, Engineering, Statistics, Data Science, or a related field.
• At least 5 years of experience as a Product Manager in insurance.
• At least 3 years of people management experience (cross-country or international experience is a plus).
• Strong understanding of product pricing, segmentation, rating factor governance, and deployment via rating engines.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and stakeholder management abilities.
• Very good English (written and spoken).

Specifics for some positions:

• International experience in Motor products (at least 2 countries, including participation in product setup).
• Legal background for Liability products is a plus.
• Medical background for Personal lines is a plus.

REASONS WHY YOU'LL LOVE IT HERE:

You’ll work from our modern Balcia HQ, with hybrid and remote options depending on your location. Occasional travel across markets keeps the role dynamic and connected.

We believe in trust, ownership, and freedom. Our flat structure means less micromanagement and more room for impact, creativity, and meaningful decision-making. Your goals are aligned with company success, and performance is recognized and rewarded.

Balcia is redefining insurance — making it modern, energetic, and full of momentum. You’ll be part of ambitious projects, cross-market collaboration, and continuous innovation.

You’ll receive a competitive salary starting at 4,700 EUR gross (final offer depends on country tax specifics and candidate’s experience), plus flexible benefits including health insurance or wellness compensation, recharge days, discounts on Balcia products, and more. And because we love surprises, our benefits evolve every year.

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