Economist II

Wayfair LLC; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Join Wayfair's Pricing team as an ML Research Scientist! Leverage economic theory and advanced ML techniques to enhance pricing strategies. In this impactful role, collaborate across teams to derive insights from high-volume customer data. Ideal candidates hold a PhD and have experience in statistical analysis and causal inference techniques.

Benefits

Paid Time Off (PTO)

Full Health Benefits (Medical, Dental, Vision)

401K Matching

Tuition Reimbursement

Employee Discount

Qualifications

• PhD with an emphasis on causal inference or structural modeling.
• 2 years experience in causal inference.
• Proven project delivery with measurable business impact.

Responsibilities

• Lead development of innovative demand estimation approaches.
• Implement scalable pricing solutions using customer data.
• Develop communication strategies for technical and non-technical stakeholders.

Skills

Causal inference

Statistical Analysis

Machine Learning

SQL

Python

Education

PhD in Economics, Statistics, or other quantitative field

Tools

GCP

Airflow

Hadoop

BigQuery

Spark

Job description

Join our Pricing team and play a crucial role in shaping Wayfair's pricing strategy! We're a science team with a mission to optimize long-term profitability by finding the perfect balance between short-term profitability and sustainable customer growth. We do this by leveraging economic theory, cutting-edge ML, econometrics, and live experimentation to ensure our pricing is competitive, fair to our suppliers, and drives customer engagement.

In this role, you'll be pushing the boundaries of demand estimation and causal inference by working with rich, high-volume customer data and ML tools. You'll use both observational and experimental methods to understand how customer short- and long-term price sensitivity shifts in response to various business decisions. Partnering with our engineering team, you'll implement these best-in-class approaches as scalable solutions that drive impact by improving Wayfair pricing strategies.

What you'll do

• Lead R&D effort to develop innovative demand estimation approaches that will extend current capabilities and develop new ML products to power our pricing.
• Understand our pricing strategy and optimization algorithm to identify what to measure and how to measure it.
• Work highly cross-functionally with business leadership, stakeholders, and partner science and engineering teams to drive the integration of model outputs into company-wide business decision-making and existing production systems.
• Developing robust solutions to infer or recover causal relationships from observational data, in a way that minimizes self-selection or third-variable problems and reliance on experimental data.
• Develop and own communication strategy for both technical and business stakeholders (including executive documentation and progress updates)
• Act as a subject matter expert and thought leader on demand estimation and causal inference techniques
• To stay ahead of the curve, you'll continuously research and evaluate new techniques in data science, machine learning, and pricing optimization.

Who you are

• PhD in Economics, Statistics or other quantitative field with an emphasis on causal inference and / or structural modeling (e.g. industrial organization, structural labor, quantitative marketing, OR).
• 2 years of experience working as a professional ML or research scientist in causal inference. Consistent track record of autonomous delivery of DS / ML projects that drive measurable business impact.
• Collaborative team player who wants to see themselves and others thrive.
• Expertise in causal inference and interest in bringing best-in-class solutions to e-commerce space.
• Takes a customer-centric approach to ideation and problem-solving
• Track-record of influencing non-technical stakeholders on strategic direction by leveraging data-driven insights; excellent written and verbal communication.
• Strategic thinker with a customer-centric mindset and a desire for creative problem solving, looking to make a big impact in a growing organization
• Strong SQL skills and excellent software engineering skills in Python
• Nice-to-haves :
• Experience with GCP (BigQuery, GCS, Dataproc, Notebooks), Airflow, and containerization (Docker)
• Experience building scalable data processing pipelines with big data tools such as Hadoop, Hive, Spark, etc.

Why You'll Love Wayfair :

• Time Off :
• Paid Holidays
• Paid Time Off (PTO)
• Health & Wellness :
• Full Health Benefits (Medical, Dental, Vision, HSA / FSA)
• Life Insurance
• DIsability Protection (Short Term & Long Term DIsability)
• Global Wellbeing : Gym / Fitness discounts (including US Peloton, Global ClassPass, and various regional gym memberships)
• Caregiver Services
• Financial Growth & Security :
• 401K Matching (Employee Matching Program)
• Tuition Reimbursement
• Financial Health Education (Knowledge of Financial Education - KOFE)
• Tax Advantaged Accounts
• Family Support :
• Family Planning Support
• Global Surrogacy & Adoption Policy
• Professional Development & Recognition :
• Rewards & Recognition
• Global Employee Anniversary Awards
• Employee Discount
• Global Pod Outings
• Work / Life Balance :
• Emphasizing a supportive & flexible work environment that encourages a balance between personal and professional commitments

An Important Note about Wayfair's In-Office Policy :

All Toronto-based interns, co-ops, and corporate employees will work in-office on a hybrid schedule. Teams are in office on designated days (Tuesday-Thursday) and work remotely on Monday and Friday.

Wayfair is one of the world's largest online destinations for the home. Whether you work in our global headquarters in Boston, or in our warehouses or offices throughout the world, we're reinventing the way people shop for their homes. Through our commitment to industry-leading technology and creative problem-solving, we are confident that Wayfair will be home to the most rewarding work of your career. If you're looking for rapid growth, constant learning, and dynamic challenges, then you'll find that amazing career opportunities are knocking.

No matter who you are, Wayfair is a place you can call home. We're a community of innovators, risk-takers, and trailblazers who celebrate our differences, and know that our unique perspectives make us stronger, smarter, and well-positioned for success. We value and rely on the collective voices of our employees, customers, community, and suppliers to help guide us as we build a better Wayfair - and world - for all. Every voice, every perspective matters. That's why we're proud to be an equal opportunity employer. We do not discriminate on the basis of race, color, ethnicity, ancestry, religion, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, veteran status, genetic information, or any other legally protected characteristic.

Your personal data is processed in accordance with our Candidate Privacy Notice (https : / / www.wayfair.com / careers / privacy). If you have any questions or wish to exercise your rights under applicable privacy and data protection laws, please contact us at [emailprotected] .