Actuarial Forecasting Lead – 12-15 years experience

Job not on LinkedIn

🔥 12 hours ago

🏖️ New Jersey – Remote

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⏳ Contract/Temporary

🟠 Senior

📊 Actuary

🦅 H1B Visa Sponsor

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👻 Ghost score 10%

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Logo of TMS, LLC

TMS, LLC

51 - 200 employees

Founded 2009

💼 Consulting

🏛️ Government

Consulting • Government

TMS, LLC is a technology management and advisory firm (Technology Management Solutions) that provides IT advisory and consulting, program and project management, financial management, and organizational assessment services. The company works with U. S. federal government clients — including DHS OCIO, FEMA, the National Institute of Mental Health OCIO, and TSA — to improve mission performance, reduce costs, and modernize operations. TMS emphasizes experienced staff, proven processes, mentoring and exercises for system readiness, and cost allocation/charge-back methodologies for transparency and efficiency.

📋 Description

• Review existing actuarial forecasting models, methodologies, and assumptions used to project warranty claims, device failures, and replacement demand • Analyze historical claims, failure rates, product behavior, repair patterns, and replacement patterns influencing future claims volumes • Assess actuarial forecast reliability and identify gaps in modelling approaches, data quality, and underlying assumptions • Evaluate and recommend statistical, actuarial, and predictive modelling techniques to improve forecast accuracy • Collaborate with actuarial, supply chain, data science, and engineering teams to improve forecasting models and align outputs with supply chain planning needs • Validate forecast results through actual-versus-expected analysis, back-testing, and scenario analysis • Lead functional discussions, model validation, and business acceptance of the forecasting solution • Work closely with actuarial, finance, and technology teams to strengthen claims projections, loss estimates, and actuarial modelling capabilities

🎯 Requirements

• 12–15 years of experience in actuarial forecasting or a related actuarial role • Strong experience in actuarial modelling, claims frequency and severity analysis, loss ratio projections, and claims cost estimation • Understanding of extended warranty, device protection, service contracts, or specialty insurance products • Experience in claims reserving, loss development analysis, and ultimate loss projections • Hands-on experience building and reviewing actuarial models using historical claims experience, exposure data, product mix, and cost assumptions • Understanding of repair and replacement costs, claim incidence rates, product failure patterns, and their impact on loss projections • Experience with actuarial and analytical tools • Exposure to statistical modelling and AI/ML techniques applied to claims and loss estimation • Experience working with actuarial, claims, underwriting, and finance teams • Bachelor's or Master's degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline • Practical experience in actuarial modelling, claims forecasting, and applying actuarial projections to business planning is essential • Professional actuarial qualifications or progress toward actuarial certification are advantageous but not mandatory

🏖️ Benefits

• Remote work opportunity • Contract-to-hire (C2H) arrangement • Confidential handling of applicant information under EEO guidelines

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