Lead Data Scientist – Forecasting

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary

The Forecasting Center of Excellence (COE) at CVS Health builds scalable forecasting systems that support pricing, promotions, and assortment decisions across the retail business. As a Lead Data Scientist, you will own how demand is modeled and used for decision-making, not just how it is predicted.

This role focuses on defining and scaling a unified forecasting framework that separates baseline demand, incremental lift, produces consistent outputs across scenarios and decisions, and scales across categories, offers, and new use cases. You will work across data science, engineering, and business teams to ensure forecasts are not just accurate, but 
stable, and usable in real decision workflows.

In this role, you will have the opportunity to:

• Own the design and evolution of a unified forecasting architecture, defining how demand is constructed (baseline, incremental, total) and ensuring consistent, scalable behaviouracross decision systems
• Work across forecasting, econometrics, and optimization decision layers to design and validate end-to-end forecasting systems
• Evaluate tradeoffs across forecasting approaches (e.g., ARIMA, Prophet, gradient boosting, LSTMs, TFT, hybrid models) and ensure outputs are stable, interpretable, and decision-ready
• Define and enforce standards for incremental consistency, attribution accuracy, and reconciliation across hierarchy levels (SKU, category, chain)
• Translate forecasting outputs into decision frameworks (planning, allocation, simulation) that are usable and reliable for the business
• Develop scenario planning and simulation frameworks to measure the business impact of pricing, promotions, and assortment decisions
• Monitor model performance, perform backtesting, and improve both accuracy and stability over time
• Implement robust MLOps practices for deployment, monitoring, and retraining in cloud environments (Azure, GCP, AWS)
• Integrate internal and external data sources (e.g., coupon redemption, merchandising, competitive, macroeconomic) into scalable forecasting pipelines
• Partner with data engineering to build high-quality, production-ready data pipelines
• Coach and mentor junior data scientists, setting standards for forecasting and applied analytics

Required Qualifications

• 7+ years of experience in forecasting or demand modeling, including 3+ years owning end-to-end demand construction (baseline, incremental, total) in production systems
• 3+ years of experience defining or evolving unified forecasting architectures, ensuring consistency across use cases (pricing, promotions, assortment)
• 4+ years of hands-on experience building forecasting models across multiple paradigms (e.g., statistical + ML/deep learning), with experience handling hierarchical forecasting and reconciliation across at least 2 levels (e.g., SKU, category, store, chain)
• 3+ years of experience evaluating model performance beyond accuracy, including stability, consistency of incremental effects, and behavior across scenarios
• Proven track record of deploying at least 2 production forecasting systems with measurable impact, including ≥10% improvement in accuracy (MAPE/wMAPE/sMAPE) or equivalent business KPIs
• Experience delivering at least 2+ enterprise-level data products in cross-functional environments (engineering, merchandising, pricing, promotions, assortment), from design to production
• 3+ years of experience with MLOps practices and cloud platforms (e.g., Azure, AWS, or GCP), including at least 2 tools such as Git-based workflows, Docker, Kubernetes, Kubeflow, CI/CD pipelines, Databricks, Spark
• 4+ years of experience with Python and SQL for large-scale data processing

Preferred Qualifications

• Experience applying forecasting to pricing, promotions, or assortment decisions, including modeling demand drivers and interpreting impact on business outcomes
• Experience building or using scenario planning and simulation frameworks where forecast outputs directly drive planning, allocation, or optimization decisions
• Familiarity with causal inference, elasticity modeling, or demand decomposition approaches used to separate baseline demand and incremental effects
• Experience with end-to-end forecast lifecycle management (versioning, retraining, data drift monitoring)
• Experience mentoring junior team members and setting standards for forecasting approaches, model validation, and code quality 
• Strong ability to communicate model behavior, tradeoffs, and decision implications clearly to senior leadership and business stakeholders
• Experience applying generative AI (e.g., embeddings, LLMs, foundation models) to forecasting, feature engineering, or automation

Education

• Bachelor’s degree in Statistics, Mathematics, Computer Science, Engineering, Economics, or a related quantitative field
• Advanced degree (Master’s or PhD) preferred in quantitative disciplines (e.g., Econometrics, Operations Research, Machine Learning) with applied experience in timeseries forecasting, demand modeling, or causal inference

Pay Range

The typical pay range for this role is:

$130,295.00 - $260,590.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.  This position also includes an award target in the company’s equity award program. 
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 04/26/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.