Principal, Data Scientist (Pricing) at Walmart
Hoboken, NJ 07030
About the Job
LocationHOBOKEN, NJCareer AreaData Analytics and Business IntelligenceJob FunctionData ScienceEmployment TypeRegular/PermanentPosition TypeSalaryRequisitionWD1816635 What you'll do at 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 we innovate, and people power our innovations
We are people-led and tech-empowered
We train our team in the skillsets of the future and bring in experts like you to help us grow
We have roles for those chasing their first opportunity as well as those looking for the opportunity that will define their career
Here, you can kickstart a great career in tech, gain new skills and experience for virtually every industry, or leverage your expertise to innovate at scale, impact millions and reimagine the future of retail.Flexible, Hybrid Work:We use a hybrid way of working that is primarily in office coupled with virtual when not onsite
Our campuses serve as a hub to enhance collaboration, bring us together for purpose and deliver on business needs
This approach helps us make quicker decisions, remove location barriers across our global team and be more flexible in our personal lives.Benefits:Benefits: Beyond our great compensation package, you can receive incentive awards for your performance
Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.Equal Opportunity Employer:Walmart, Inc
is an Equal Opportunity Employer – By Choice
We believe we are best equipped to help our associates, customers and the communities we serve live better when we really know them
That means understanding, respecting and valuing diversity- unique styles, experiences, identities, ideas and opinions – while being inclusive of all people.The above information has been designed to indicate the general nature and level of work performed in the role
It is not designed to contain or be interpreted as a comprehensive inventory of all responsibilities and qualifications required of employees assigned to this job
The full Job Description can be made available as part of the hiring process.At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet
Health benefits include medical, vision and dental coverage
Financial benefits include 401(k), stock purchase and company-paid life insurance
Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting
Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more. You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes
The amount you receive depends on your job classification and length of employment
It will meet or exceed the requirements of paid sick leave laws, where applicable. For information about PTO, see . Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities
Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates
Tuition, books, and fees are completely paid for by Walmart. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment
Benefits are subject to change and may be subject to a specific plan or program terms. For information about benefits and eligibility, see One.Walmart. Hoboken, New Jersey US-10279:The annual salary range for this position is $132,000.00-$264,000.00 Bentonville, Arkansas US-09416:The annual salary range for this position is $110,000.00-$220,000.00 Additional compensation includes annual or quarterly performance bonuses. Additional compensation for certain positions may also include: - Stock Minimum Qualifications...Outlined below are the required minimum qualifications for this position
If none are listed, there are no minimum qualifications
Option 1: Bachelors degree in Statistics, Economics, Analytics, Mathematics, Computer Science, Information Technology or related field and 5 years' experience in an analytics related field
Option 2: Masters degree in Statistics, Economics, Analytics, Mathematics, Computer Science, Information Technology or related field and 3 years' experience in an analytics related field
Option 3: 7 years' experience in an analytics or related fieldPreferred Qualifications...Outlined below are the optional preferred qualifications for this position
If none are listed, there are no preferred qualifications.Data science, machine learning, optimization models, PhD in Machine Learning, Computer Science, Information Technology, Operations Research, Statistics, Applied Mathematics, Econometrics, Publications or active peer reviewer in related journals or conference, Successful completion of one or more assessments in Python, Spark, Scala, or R, Using open source frameworks (for example, scikit learn, tensorflow, torch), We value candidates with a background in creating inclusive digital experiences, demonstrating knowledge in implementing Web Content Accessibility Guidelines (WCAG) 2.2 AA standards, assistive technologies, and integrating digital accessibility seamlessly
The ideal candidate would have knowledge of accessibility best practices and join us as we continue to create accessible products and services following Walmart’s accessibility standards and guidelines for supporting an inclusive culture.Primary Location...221 River St, Hoboken, NJ 07030, United States of America About Walmart At Walmart, we help people save money so they can live better
This mission serves as the foundation for every decision we make, from responsible sourcing to sustainability—and everything in between
As a Walmart associate, you will play an integral role in shaping the future of retail, tech, merchandising, finance and hundreds of other industries—all while affecting the lives of millions of customers all over the world
Here, your work makes an impact every day
What are you waiting for?Walmart, Inc
is an Equal Opportunity Employer- By Choice
We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them
That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
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 we innovate, and people power our innovations
We are people-led and tech-empowered
We train our team in the skillsets of the future and bring in experts like you to help us grow
We have roles for those chasing their first opportunity as well as those looking for the opportunity that will define their career
Here, you can kickstart a great career in tech, gain new skills and experience for virtually every industry, or leverage your expertise to innovate at scale, impact millions and reimagine the future of retail.Flexible, Hybrid Work:We use a hybrid way of working that is primarily in office coupled with virtual when not onsite
Our campuses serve as a hub to enhance collaboration, bring us together for purpose and deliver on business needs
This approach helps us make quicker decisions, remove location barriers across our global team and be more flexible in our personal lives.Benefits:Benefits: Beyond our great compensation package, you can receive incentive awards for your performance
Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.Equal Opportunity Employer:Walmart, Inc
is an Equal Opportunity Employer – By Choice
We believe we are best equipped to help our associates, customers and the communities we serve live better when we really know them
That means understanding, respecting and valuing diversity- unique styles, experiences, identities, ideas and opinions – while being inclusive of all people.The above information has been designed to indicate the general nature and level of work performed in the role
It is not designed to contain or be interpreted as a comprehensive inventory of all responsibilities and qualifications required of employees assigned to this job
The full Job Description can be made available as part of the hiring process.At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet
Health benefits include medical, vision and dental coverage
Financial benefits include 401(k), stock purchase and company-paid life insurance
Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting
Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more. You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes
The amount you receive depends on your job classification and length of employment
It will meet or exceed the requirements of paid sick leave laws, where applicable. For information about PTO, see . Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities
Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates
Tuition, books, and fees are completely paid for by Walmart. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment
Benefits are subject to change and may be subject to a specific plan or program terms. For information about benefits and eligibility, see One.Walmart. Hoboken, New Jersey US-10279:The annual salary range for this position is $132,000.00-$264,000.00 Bentonville, Arkansas US-09416:The annual salary range for this position is $110,000.00-$220,000.00 Additional compensation includes annual or quarterly performance bonuses. Additional compensation for certain positions may also include: - Stock Minimum Qualifications...Outlined below are the required minimum qualifications for this position
If none are listed, there are no minimum qualifications
Option 1: Bachelors degree in Statistics, Economics, Analytics, Mathematics, Computer Science, Information Technology or related field and 5 years' experience in an analytics related field
Option 2: Masters degree in Statistics, Economics, Analytics, Mathematics, Computer Science, Information Technology or related field and 3 years' experience in an analytics related field
Option 3: 7 years' experience in an analytics or related fieldPreferred Qualifications...Outlined below are the optional preferred qualifications for this position
If none are listed, there are no preferred qualifications.Data science, machine learning, optimization models, PhD in Machine Learning, Computer Science, Information Technology, Operations Research, Statistics, Applied Mathematics, Econometrics, Publications or active peer reviewer in related journals or conference, Successful completion of one or more assessments in Python, Spark, Scala, or R, Using open source frameworks (for example, scikit learn, tensorflow, torch), We value candidates with a background in creating inclusive digital experiences, demonstrating knowledge in implementing Web Content Accessibility Guidelines (WCAG) 2.2 AA standards, assistive technologies, and integrating digital accessibility seamlessly
The ideal candidate would have knowledge of accessibility best practices and join us as we continue to create accessible products and services following Walmart’s accessibility standards and guidelines for supporting an inclusive culture.Primary Location...221 River St, Hoboken, NJ 07030, United States of America About Walmart At Walmart, we help people save money so they can live better
This mission serves as the foundation for every decision we make, from responsible sourcing to sustainability—and everything in between
As a Walmart associate, you will play an integral role in shaping the future of retail, tech, merchandising, finance and hundreds of other industries—all while affecting the lives of millions of customers all over the world
Here, your work makes an impact every day
What are you waiting for?Walmart, Inc
is an Equal Opportunity Employer- By Choice
We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them
That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
