Director, Data Science

Carmax

Hybrid

Quick summary

Work type
Hybrid
Location
Richmond, VA
Posted
3 days ago

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Salary context

How this pay compares to similar roles

Similar $175k
$121k most similar roles pay here $236k

This listing doesn't post a salary. Most similar roles pay $135,000–$215,587.

Based on 240 similar postings.

Employer

About Carmax

CarMax is the largest used car retailer in the United States, offering a customer-friendly, no-haggle buying experience with a broad selection of quality used vehicles, financing, and vehicle protection plans. Industry: Automotive Retail

Carmax currently has 40 open roles on FindRole.

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At a glance

TL;DR · Director, Data Science

As the Director of Core Pricing Systems at CarMax, you will lead the development and operationalization of pricing algorithms that reflect customer preferences and market conditions across retail, appraisal, and offsite buying areas. Your primary responsibilities include crafting optimal pricing strategies to meet both short- and long-term business goals, building a team of 4-8 Data Scientists equipped with the necessary technology to implement these strategies, and leading the creation of AI-driven models that autonomously price vehicles optimally. You will leverage machine learning, Python, and strong analytical skills to develop sophisticated pricing models while collaborating closely with Product, Technology, and Field teams. Additionally, you will ensure continuous improvement by delivering significant incremental value annually and maintaining a robust management system to monitor model performance and respond swiftly to market changes. This role requires extensive experience in strategy, analytics, and data science, along with the ability to communicate effectively at all organizational levels.

What you'll do

  • Develop optimal pricing strategies to meet short- and long-term business objectives.
  • Build and lead a team of 4-8 Data Scientists to implement pricing strategies.
  • Create autonomous AI models to price vehicles optimally using machine learning.
  • Continuously improve pricing strategy to deliver $15-30MM/yr in incremental value.
  • Develop a management system to ensure model performance aligns with market conditions.

What we're looking for

  • Develop optimal pricing strategies to meet short- and long-term business objectives.
  • Build and lead a team of 4-8 Data Scientists to implement pricing strategies.
  • Lead the development of AI models for autonomous vehicle pricing optimization.
  • Continuously improve pricing strategy to deliver $15-30MM/yr in incremental value.
  • Manage a system ensuring optimal vehicle valuation under changing market conditions.

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