PRINCIPAL, DATA SCIENTIST (PRICING)

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.