Product Manager, Pricing Optimization
Company: Socotra, Inc.
Location: San Francisco
Posted on: October 19, 2024
Job Description:
At Lyft, our mission is to improve people's lives with the
world's best transportation. To do this, we start with our own
community by creating an open, inclusive, and diverse
organization.
Lyft connects people to transportation to change the way we live
and get around our communities. We are looking for product managers
who bring exceptional creative and analytical skills to drive
forward a best in class product. Product management at Lyft leads
the integration of engineering, data science, and design to achieve
the company's vision for reinventing transportation. We are looking
for entrepreneurial and passionate Product Managers to innovate and
execute across a rapidly growing, fast paced company and
industry.
Pricing is fundamental to the Lyft marketplace and how riders and
drivers experience Lyft. The mission of the Pricing Optimization
team is to deliver the right set of prices and offers to improve
the user experience and preference for the Lyft network and
contribute to the growth and viability of the network. To
accomplish this mission, the Pricing Optimization PM will:
- Build a pricing system to optimize across modes (Classic, Wait
& Save, Priority, Extra Comfort, etc) based on their unique costs
and rider value propositions
- Design algorithms to maximize expected business and user
outcomes given marketplace dynamics
- Develop strategic frameworks to manage pricing for the business
across our markets and modes
This individual should:
- Be highly analytical + technical
- Have a deep technical understanding of micro economics
- Have a technical background, ideally Operations Research /
Machine Learning / algorithmic background
- Have experience working in deep product domains - able to use
data and experimentation to guide a large cross-functional team
towards a long-term vision
- Be detail-oriented and able to dive deep into complex technical
concepts, but also abstract them to executives, stakeholders,
operations, and legal stakeholders
- Maintain a strong POV on what to build for our users, amidst
many different stakeholders with different goals and world-class
scientists + engineers on the team with their own opinions
Responsibilities:
- Align on business goals for optimization with executives and
business teams (e.g. what are we optimizing for and how does this
vary by market, product, use case)
- Define short-term and long-term strategy to achieve those
goals
- Completely own your team's products, existing or new, from
ideation, through development, to launch, growth and
maintenance
- Work closely with partner teams to represent Pricing
perspective on new initiatives, define requirements for Pricing
team, and prioritize asks
- Lead and align cross-functional partners and team: engineers,
scientists, analysts, business partners, operations to drive a
shared vision
Experience:
- Minimum of 5+ years of product management experience
- Ideally Operations Research / Machine Learning / algorithmic
background experience
- Passion for Lyft and what we are trying to achieve in
sustainable urban transportation.
- Natural ability to make things happen around you. You manage
project ambiguity, complexity and interdependencies in an organized
and structured way.
- Ability to define and analyze metrics that inform the success
of products
- Excellent judgment and thoughtfulness about the dynamics of a
product ecosystem
- Strong communication skills and intuition for communication
strategy at every level -- within teams, within the company, to
users, to press, and other audiences
- Experience running A/B tests and using common statistical
techniques to evaluate results. Experience leading post-launch
optimizations including developing testing strategies
- Experience with data, including querying, aggregation,
analysis, and visualization
- Ability to conceptualize, manage and prioritize multiple
projects for stakeholders
- Detail-oriented with superior organizational skills --
balancing multiple projects, deadlines, and requests should be
second nature to you
Benefits: -
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have
unlimited paid time off, hourly team members have 15 days paid time
off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and
foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to
test new benefits of our Ridership Program
Lyft is an equal opportunity/affirmative action employer committed
to an inclusive and diverse workplace. All qualified applicants
will receive consideration for employment without regards to race,
color, religion, sex, sexual orientation, gender identity, national
origin, disability status, protected veteran status or any other
basis prohibited by law. We also consider qualified applicants with
criminal histories consistent with applicable federal, state and
local law. - -
This role will be in-office on a hybrid schedule - Team Members
will be expected to work in the office 3 days per week on Mondays,
Thursdays and a team-specific third day. Additionally, hybrid roles
have the flexibility to work from anywhere for up to 4 weeks per
year.
The expected base pay range for this position in the San Francisco
area is $144,000 - $180,000. Salary ranges are dependent on a
variety of factors, including qualifications, experience and
geographic location. Range is not inclusive of potential equity
offering, bonus or benefits. Your recruiter can share more
information about the salary range specific to your working
location and other factors during the hiring process.
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Keywords: Socotra, Inc., Palo Alto , Product Manager, Pricing Optimization, Executive , San Francisco, California
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