Quick: A seller is listing a new product on Amazon. They report the product normally lists for $89.99 and that they're selling it for $50. What should Amazon do with this information? Is this price gouging or a terrific price?
This is a difficult problem...and it happens more than 2 billion times per day!
The Amazon Pricing team is looking for a seasoned product manager to own our worldwide suite of Price Evaluation tools that answer the hypothetical question posed above and many more like it. As the Principal Product Manager over our price evaluation tools, you’ll partner with our team of research scientists, data scientists, business intelligence engineers, and developers to build out the next generation of models that Amazon uses to evaluate prices. You will own and improve upon a suite of tools that are designed to ensure products on Amazon have prices that are factually-based, competitively priced, and not 'too good to be true.' The models and heuristics you will build will determine that one $100 product is likely a pricing error (a TV normally $1,000+), a different $100 product is a terrific price and should have a featured strike-through price on the website (competitors consistently price the product for $199), and yet another $100 product is priced so high that we would not allow it to be featured on the website (it’s a 2-pack, and the 1-pack is only $8).
This specific role is focused on innovating in areas we do not know how to price well in today. We will build large scale, systems that will use reinforcement learning to price millions of items without requiring human input to delight our customers. As part of this effort you will define the multi-year vision for building out Pricing systems and algorithms that work in less than ideal data conditions, in nascent market segments and in places where substitutes are rampant but hard to find. You will work with research scientists, economists, ML practitioners and our engineering team to help drive this vision. Successful candidates will enjoy diving deep into data, have analytical skills, excellent communication strategies and confident with executive level reviews. You will thrive in a collaborative, creative, analytical, and fast-paced environment and are comfortable interacting with technical software development teams, research teams and economists. You will be able to separate out idealistic from practical and balance both to continue to move forward. You will excel at looking around corners, and anticipating where to build and when to test to fail fast. You must have the experience and capability to prepare documentation for senior executives. This is a highly visible position that will interact at all levels of the businesses we support.
If the scale of the space sounds interesting, we would love to talk to you!
Key job responsibilities
As part of this role you will:
- Define the multi-year vision for the space
- Build and manage high quality product roadmaps based on your vision and strategy
- Work backwards to determine what the initial building blocks to achieve that vision will be
- Work with key business stakeholders, engineering partner teams, Pricing Research, and Central Econ to build out requirements for the different phases
- Work with our in-house engineering team to build and innovate in the space
- Manage prioritization and trade-offs for speed to launch, performance, and features
- Gain support for your strategy and roadmap from stakeholders by writing narratives and influencing peers and senior leadership
- Creating program goals and related metrics, track progress and manage through obstacles to achieve your objectives- 6+ years of team management experience
- Bachelor's degree
- Experience owning/driving roadmap strategy and definition
- Experience with feature delivery and tradeoffs of a product- Experience delivering consumer software products and services in a high growth environment
Amazon is an equal opportunity employer and does not discriminate on the basis of protected veteran status, disability, or other legally protected status.
Our inclusive culture empowers Amazonians to deliver the best results for our customers. If you have a disability and need a workplace accommodation or adjustment during the application and hiring process, including support for the interview or onboarding process, please visit
https://amazon.jobs/content/en/how-we-hire/accommodations for more information. If the country/region you’re applying in isn’t listed, please contact your Recruiting Partner.
Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $178,100/year in our lowest geographic market up to $307,900/year in our highest geographic market. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience. Amazon is a total compensation company. Dependent on the position offered, equity, sign-on payments, and other forms of compensation may be provided as part of a total compensation package, in addition to a full range of medical, financial, and/or other benefits. For more information, please visit
https://www.aboutamazon.com/workplace/employee-benefits. This position will remain posted until filled. Applicants should apply via our internal or external career site.
