Sr. Manager, Data Science - Core Pricing Systems

12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238

About The Team

The primary responsibility for the Pricing team is to accurately and systematically value each individual car that we buy and sell. Last year, CarMax sold over 1 million vehicles and appraised over 2 million vehicles, and Pricing directed over $20B in spend to purchase inventory. To properly value these vehicles, our data scientists and analysts must develop algorithms and processes that best reflect customer preferences for each vehicle’s unique characteristics and that effectively respond 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 CarMax’s 4 core values:

• Do the Right Thing: We prioritize maintaining the culture of integrity which has set CarMax 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 reinforce CarMax’s position as an industry leader

About The Role

CarMax 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 analysts plays a critical role in unlocking the business value from these innovations.

As a Senior Manager of Pricing Analytics, you will work with data scientists and analysts on the Supply Chain Strategy team and with business partners/stakeholders to make key recommendations and drive improvements to ensure our pricing and buying decisions are optimized to support sales growth.

Responsibilities

• Create and actively promote an environment of associate development across the Pricing team, while also driving team engagement
• Partner with business leaders to drive execution by leveraging your team to identify KPIs, set measurable goals, and create management systems to deliver results
• Ensure that the model is tuned to current market conditions by identifying times when immediate strategy changes are needed (ex: gas prices spiking)
• Build and execute a management system to ensure that the model is delivering intended values (alert system, regular review meetings…)
• Quickly respond to and resolve pricing system issues regardless of time of day/week
• Lead data scientists on the team in leveraging models to drive tangible business value
• Influence strategic direction of company by providing analytical evaluation and strategic thoughtfulness to key problems and by working to gain buy across entire organization
• Present insights and recommendations to key stakeholders to achieve consensus for change

Requirements

• Ability to consistently deliver at a high level on the responsibilities listed above
• 6+ years’ experience in an analytical or strategic role
• Four-year undergraduate degree with strong academic performance (MBA or Masters in an analytical field is a plus)
• Analytic mindset, with experience conducting large scale data analysis to support conclusions (preferably with SQL or Python experience)
• Ability, willingness, and enthusiasm to manage a team of passionate data scientists and analysts who are regularly shaping strategy at a big-picture and a detailed level
• Ability to communicate complex topics to influence executive thinking and improve execution and innovation

Work Location and Arrangement

This role will be based out of the CarMax Home Office - West Creek (Richmond, VA) and will be on-site 4 days a week.

Applicants must be currently authorized to work in the United States on a full-time basis. Sponsorship will not be considered for this specific role.

Pay

The annual salary for this position is $116,400.00 - $186,200.00. May be eligible for bonus and equity.

Benefits

Except as otherwise required by state law, CarMax Associates are entitled to the following paid sick, vacation, and holiday time.

• Full-time Hourly or Commission/Incentive Eligible Associates: Earn up to 48 hours of sick time per year accrued on a per pay period basis and between 80 hours and 200 hours per year of vacation time after a 90 day waiting period depending on years of continuous service with the Company. For 8 hours of pay for each of a total of 6 paid scheduled holidays per year plus 1 floating holiday. If such an Associate does work on a scheduled holiday due to business need, they are eligible for Holiday Premium Pay.
• Full-time Salaried Associates: Entitled to paid time away with no specified limit as needed for sick, vacation, bereavement, jury duty, holidays, floating holiday, etc. subject to manager approval.

For more details about benefits, please visit the CarMax Benefits website.