Position Summary... What you'll do... Walmart Global Tech is seeking a talented and experienced Principal Data Scientist specializing in Pricing Algorithms to lead our efforts in developing sophisticated pricing models and strategies . As a Principal Data Scientist , you will play a critical role in driving innovation and optimizing revenue through the application of advanced statistical and machine learning techniques. You will lead a team of data scientists and collaborate closely with cross-functional teams to develop and implement pricing algorithms that maximize profitability and drive business growth.
About Team :
Our Merchandise AI Team within Applied AI group is the driving force behind our retail and e-commerce success, leveraging cutting-edge AI and machine learning techniques to optimize every aspect of our merchandising strategy. With a diverse blend of expertise in statistical analysis, machine learning algorithms, and retail operations , our team pioneers innovative solutions across the merchandising lifecycle, from demand forecasting and assortment planning to pricing optimization. We're dedicated to building algorithms that empower stakeholders throughout the organization to make informed, data-driven decisions, ensuring that we stay ahead of the curve in an ever-evolving retail landscape.
What you'll do :
Strategic Leadership: Provide strategic leadership and technical expertise in the development and implementation of pricing algorithms and models. Define the vision, roadmap, and priorities for pricing optimization initiatives .
Algorithm Development: Lead the design, development, and deployment of advanced pricing algorithms using state-of-the-art machine learning techniques, including but not limited to regression analysis, demand forecasting, dynamic pricing, and reinforcement learning.
Code Review: Conduct thorough code reviews of pricing algorithms and related software components developed by the team. Ensure adherence to best practices, coding standards, and optimization techniques. Provide constructive feedback and mentorship to team members to enhance code quality and maintainability.
Data Analysis and Insights: Utilize large datasets to conduct in-depth analysis of customer behavior, market dynamics, and competitive pricing strategies. Extract actionable insights to inform pricing decisions and strategy formulation.
Model Evaluation and Optimization: Oversee the evaluation, validation, and optimization of pricing models to ensure accuracy, reliability, and performance. Implement rigorous testing methodologies to assess model effectiveness and robustness.
Collaboration and Stakeholder Engagement: Collaborate closely with cross-functional teams including product management, engineering, marketing, and finance to understand business objectives, requirements, and constraints. Work collaboratively to translate business needs into data-driven pricing solutions.
Thought Leadership: Stay abreast of industry trends, best practices, and emerging technologies in pricing analytics, data science, and machine learning. Provide thought leadership and guidance on pricing strategy, methodologies, and implementation best practices.
Documentation and Communication: Document methodologies, findings, and recommendations in clear and concise manner. Communicate complex technical concepts and insights to non-technical stakeholders through presentations, reports, and dashboards.
Mentorship and Knowledge Sharing: Mentor junior team members and provide guidance on technical and methodological aspects of pricing analytics and data science. Foster a culture of learning and knowledge sharing within the team.
What you'll bring :
Ph.D. or equivalent advanced degree in Computer Science, Statistics, Mathematics, Economics , or related field.
Extensive experience (8+ years) in data science, machine learning, and statistical analysis , with a focus on pricing optimization.
Proven track record of building and deploying pricing algorithms/models in a real-world setting .
Expertise in programming languages such as Python , R, or Scala for data analysis and model development.
Strong understanding of pricing concepts, methodologies, and strategies in diverse industries.
Deep knowledge of machine learning algorithms and techniques, with hands-on experience in applying them to pricing problems.
Excellent communication and leadership skills with the ability to influence and inspire cross-functional teams.
Demonstrated ability to drive projects from conception to completion in a fast-paced, dynamic environment.
About Walmart Global Tech :
Imagine working in an environment where one line of code can make life easier for hundreds of millions of people. That’s what we do at Walmart Global Tech. We’re a team of software engineers, data scientists, cybersecurity expert's and service professionals within the world’s leading retailer who make an epic impact and are at the forefront of the next retail disruption. People are why
Location: Little Rock, AR
Posted: Aug. 7, 2024, 6:50 a.m.
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