Sr. Data Scientist, Pricing Algorithms

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238 Car Max, the way your career should be!

The Pricing team is a community of analysts, data scientists, and systems experts with a variety of technical and strategic skillsets. We work together to continually improve Car Max’s ability to accurately and systematically value each individual car that we buy and sell. Last year, Car Max sold over 1 million vehicles and appraised over 2 million vehicles, and Pricing directed over $20B in spend to purchase inventory – all while remaining responsive to constantly changing consumer demand, wholesale auction supply, and other global/local market conditions.

Our team tackles complex problems while striving to be a great representation of Car Max’s 4 core values:

• Do the Right Thing:
  We prioritize maintaining the culture of integrity which has set Car Max apart in the used car industry, and promote a respectful and inclusive environment at work
• Put People First:
  We’re focused on nurturing associate development and on maintaining a healthy work culture, while also making sure our customers are offered a great experience
• Win Together:
  Teamwork is essential to what we do; we regularly learn from each other and draw on each other’s expertise and perspectives
• Go for Greatness:
  We continually improve our abilities and the products that we support, to build up Car Max’s position as an industry leader

Car Max relies on algorithms to make important decisions about which cars to buy, how to price them, and how to allocate them across our 200+ stores. Doing so ensures that we have the right cars at the right prices to meet our customers’ needs. As we continue to innovate our business and shift more of our buying and selling online, we increasingly need to make these decisions quickly with less human intervention.

Our team of data scientists and business analysts plays a critical role in unlocking the business value from these innovations.

As an algorithms expert, you will build and support predictive models. Through collaboration and partnership with analysts and systems experts, you will play a key role in ensuring the models are deployed effectively to support our business goals.

1) Develop new models and improve our existing models

• Interpret, validate, and apply feature engineering to large and complex pricing-related data sets
• Find creative ways to incorporate new insights and data sources
• Leverage statistical / machine learning techniques and sound reasoning to develop, validate, and improve predictive models
• Design controlled experiments to assess the business value of new models
• Present insights and recommendations to senior leaders to drive change

2) Help Car Max continue to develop its data expertise

• Research innovations and best practices related to data sources, modeling methodologies, and data science tools
• Influence the team in the development of our modeling capability strategic roadmap

3) Effectively communicate how our models work to team members, both at a general level and a detailed level

If you’re energized by putting your math, logic, and analytical reasoning skills to the test to solve complex problems then we encourage you to apply to join our team. We frequently offer a variety of roles and recommend checking out all available Pricing positions to find the best fit for your abilities and interests.

Target mindset:
Curious, skeptical, creative, committed to learning and staying informed on the latest techniques in data science, with a strong attention to detail and commitment to sound reasoning

• Either a bachelor’s degree in a quantitative discipline OR equivalent experience and training through past employment
• At least 2 years relevant work experience (Advanced study in a quantitative field may substitute for work experience), including experience applying strong foundational math and/or modeling skills to solve complex problems

• Extracting and sharing clear…