Be careful
Make sure you renew it before 2 years from the expiration date, you can also check that in their website, there is a document which explains about the renewal process.
Basically it says that if your type rating expires, after 2 years you have lost it for good, meaning you would have to do a complete type rating course to get it back.
If I was you, I would get it renewed, you never know when a job offer will come up, but if you do not want to spend the money every year, I suggest you renew it every 2 years to avoid losing your type rating.
Good luck with your job hunting.
LEVC