As a Senior Data Scientist on CarMax’s Pricing team in Richmond, VA, you will develop sophisticated pricing strategies that meet both short-term and long-term business objectives by leveraging advanced analytics and machine learning techniques. Your daily tasks include creating optimal pricing models for vehicles using Python and other tools, ensuring these models are integrated into the company's IT systems to deliver real-time values to field associates. You will also lead a team of 4-7 Data Scientists, setting goals and fostering an environment that encourages continuous improvement and innovation. Additionally, you’ll work closely with cross-functional teams to implement new pricing strategies and monitor system performance, ensuring accuracy in valuing each vehicle under varying market conditions. This role requires strong mathematical skills, programming expertise, and the ability to communicate complex ideas effectively across all levels of the organization.
Skills
Python
Machine Learning
Statistics
Mathematics
Data Science
Computer Science
Tuning Models
Management System
Cross Functional Leadership
Experiment Design
Alert Systems
Regular Review Meetings
What you'll do
Develop optimal pricing strategies to meet short and long-term business objectives.
Lead data scientists in implementing pricing strategies across hundreds of thousands of vehicles annually.
Build AI models to autonomously price every vehicle optimally using machine learning techniques.
Ensure the pricing model is responsive to current market conditions by tuning as needed.
Manage a system to monitor and resolve issues with the pricing strategy promptly.
What we're looking for
4+ years experience in strategy, analytics, or data science
Strong mathematical, modeling, and reasoning skills for complex pricing models
Proficiency in computer programming (e.g., Python) to develop AI solutions
Leadership abilities to build and manage a team of data scientists
Excellent communication skills for cross-functional collaboration and stakeholder engagement
Ability to deliver significant business value through analytical problem-solving
Market check
Salary context
This listing doesn't show a salary. Similar roles on FindRole typically pay
$132,000–$220,000.
Peer median band
$132,000–$220,000
Median floor and ceiling across peers.
Typical midpoint (25–75%)
$156,491–$214,500
Middle half of comparable postings.
Based on 239 comparable postings.*
* 240 is the maximum number of comparable postings sampled.
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
SQL
Python
Data Analysis
KPI Identification
Model Tuning
Management Systems
Alert Systems
Regular Review Meetings
Pricing System Issues Resolution
Data Science Leadership
Strategic Direction Influence
Complex Topic Communication
Executive Thinking Improvement
Innovation Execution Enhancement