Manager, Data Science, Pricing Algorithms

Carmax

Confirmed live today Trusted
Hybrid

Quick summary

Work type
Hybrid
Location
Richmond, VA
Salary
$120,400–$192,600 / yr
Employment
Full-time
Posted
125 days ago
Freshness
Confirmed live today

Market check

Salary context

Below market

How this pay compares to similar roles

Similar $200k
This role $156k
$107k $249k
below market most similar roles pay here above market

This role pays less than 85% of similar roles. Most pay $165,500–$234,950 — the blue band above. At the midpoint, this role pays about $156k versus about $200k for comparable roles.

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 33 open roles on FindRole.

Listed pay typically runs $104,000–$156,000 across 19 roles with salary data.

Most-posted roles

View all roles at Carmax

At a glance

TL;DR · Manager, Data Science, Pricing Algorithms

JOB TITLE: Manager, Data Science - Pricing Algorithms The Manager, Data Science - Pricing Algorithms joins the Pricing team to systematically value individual vehicles for purchase and sale. This role involves developing and improving predictive models that reflect customer preferences, wholesale auction supply, and global market conditions. Key responsibilities include performing feature engineering on complex datasets, designing controlled experiments to assess business value, and researching innovations in modeling methodologies. The successful candidate will utilize statistical techniques, machine learning, and sound logical reasoning to drive the strategic roadmap for automated pricing decisions. Required competencies include a solid foundation in math, computer science, and data science, along with the ability to communicate novel modeling methods to various stakeholders. This work directly addresses the business problem of accurately pricing inventory to meet consumer demand with minimal human intervention.

What does a Data Science Manager earn?

Median $211200 from 43 postings across 13 companies.

See salary data

What you'll do

  • Develop and improve predictive models to accurately value vehicles for purchase and sale.
  • Analyze and apply feature engineering to large and complex pricing-related datasets.
  • Incorporate new insights and data sources into existing pricing models.
  • Design and conduct controlled experiments to assess the business value of new models.
  • Present data-driven insights and recommendations to senior leaders to drive business change.
  • Research innovations in modeling methodologies and data science tools to improve team capabilities.
  • Communicate complex model mechanics to team members at both general and detailed levels.

What we're looking for

  • 4+ years experience in strategy, analysis, data science, or a related field.
  • Four year undergraduate degree with exceptional academic performance.
  • Masters or Ph.D. in an analytical field (preferred).
  • Solid foundational math, computer science, and machine learning skills.
  • Strong modeling skills and exceptional logical reasoning skills.
  • Ability to manage projects independently and deliver timely results.
  • Ability to explain standard or novel modeling methods to others.
  • Applicants must be currently authorized to work in the United States on a full-time basis.

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