Data Scientist, Algorithms - Dynamic Pricing

Lyft; San Francisco (CA); Hybrid; USD 128,000 - 160,000; Full time

Benefits offered by this job

Great medical, dental, and vision

Mental health benefits

401(k) match

Paid time off

Lyft Credits

Hybrid in-office schedule

Discretionary PTO

Job summary

Lyft's Marketplace team is seeking a Data Scientist to build end-to-end dynamic pricing models that set prices for rides while balancing prices and ETAs. You will work with Product and Engineering on a cross-functional team to prototype models at scale and influence roadmaps to improve rider and driver experience.

Ideal candidates have an advanced degree in a quantitative field and strong Python and SQL skills, plus experience with ML or econometrics, data analysis, and communicating insights to

Qualifications

• Advanced degree in a quantitative field with strong analytical skills.
• Proficiency in Python and SQL for data exploration and modeling.
• Experience building ML or econometric models and interpreting results.
• Ability to communicate complex findings to non-technical stakeholders.

Responsibilities

• Partner with scientists and pricing teams to formalize problems.
• Perform data analysis to identify root causes of pricing issues.
• Develop and fit statistical, ML, or optimization models.
• Write production code and ship models to production.
• Design and run simulated and live experiments.
• Analyze data and inform launch decisions.
• Communicate findings to Product, Engineering, and leadership.

Skills

Python

SQL

Data analysis

Machine learning

Communication

Team collaboration

Education

MS or PhD in CS, Economics, Statistics, Mathematics

Job description

At Lyft, our purpose is to serve and connect. We aim to achieve this by cultivating a work environment where all team members belong and have the opportunity to thrive. The Marketplace team at Lyft is responsible for accelerating the growth of the business while simultaneously delivering on key business and financial metrics, and Dynamic Pricing & Offer Selection is an integral part of that. Our team is the dynamic pricing team responsible for leveraging both real-time and historical data to set prices for every single ride at Lyft while balancing prices and ETAs to better serve our riders’ needs. We are looking for fast learning, data-driven individuals who are passionate about tackling these open-ended problems in pricing theory and making a large, positive impact in the business. In this role, you will work closely with Product and Engineering on a cross-functional team to prototype and build end-to-end dynamic pricing models that can operate at scale. In addition, you will be expected to leverage your domain knowledge and influence existing and future roadmaps to help Lyft continue to deliver a better experience for riders and drivers.

Responsibilities

• Partner with other scientists, colleagues in the pricing team, and with external teams to formalize problems mathematically and within the business context
• Perform complex data analysis to gain a deeper understanding of problems by identifying their root causes
• Develop and fit statistical, machine learning, or optimization models
• Write production code; collaborate with Software Engineers to ship models to production
• Design and implement both simulated and live experiments
• Analyze experimental and observational data; facilitate launch decisions
• Communicate findings to a broad audience consisting of Product, Engineering, and executive leadership

Experience

• Data Scientist with experience in Machine Learning, Statistics, Economics, or other quantitative fields
• M.S. or Ph.D. in Computer Science, Economics, Statistics, Mathematics, or other quantitative fields
• 1-4+ years of professional experience for PhDs or 3-5+ years for Master’s in a Data Science role
• Passion for solving unstructured and non-standard mathematical problems
• End-to-end experience with data, including querying, aggregation, analysis, and visualization
• Proficiency with Python, or another interpreted programming language like R or Matlab
• Proficiency in SQL - able to write structured and efficient queries involving multiple large data sets
• Ability to collaborate and communicate with others to solve a problem
• Strong oral and written communication skills, and ability to collaborate with cross-functional partners
• Experience in causal inference, LTV modeling, econometrics, or user choice modeling preferred

Benefits

• Great medical, dental, and vision insurance options with additional programs available when enrolled
• Mental health benefits
• Family building benefits
• Child care and pet benefits
• 401(k) plan with company match to help save for your future
• In addition to 12 observed holidays, salaried team members have discretionary paid time off, hourly team members have 15 days paid time off
• 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
• Subsidized commuter benefits
• Monthly Lyft credits and complimentary Lyft Pink membership

Lyft is an equal opportunity employer committed to an inclusive workplace that fosters belonging. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, age, genetic information, or any other basis prohibited by law. We also consider qualified applicants with criminal histories consistent with applicable federal, state and local law.

Lyft highly values having employees working in-office to foster a collaborative work environment and company culture. This role will be in-office on a hybrid schedule - Team Members will be expected to work in the office 3 days per week on Mondays, Wednesdays, and Thursdays. Lyft considers working in the office at least 3 days per week to be an essential function of this hybrid role. Additionally, hybrid roles have the flexibility to work from anywhere for up to 4 weeks per year.

The expected base pay range for this position in the San Francisco area is $128,000 - $160,000, not inclusive of potential equity offering, bonus or benefits. Salary ranges are dependent on a variety of factors, including qualifications, experience and geographic location.