Senior Data Scientist, PriceLabs
Revenue management & dynamic pricing for rentals
Job no longer available
Revenue management & dynamic pricing for rentals
201-500 employees
Job no longer available
201-500 employees
Company mission
To provide businesses in short-term rental space access to affordable intelligence, automation and analytical tools usually reserved for large companies.
Role
Who you are
- Masters in Economics and experience in pricing models
- Masters or Ph. D. in Economics, Operations Research, Industrial Engineering, Statistics, Computer Science or other quantitative/engineering fields
- You have a minimum of five (5) years of relevant experience
- Strong understanding of analysis of algorithms, data structures and statistics
- Solid programming experience. Including being able to quickly prototype an idea and test it out
- Strong communication skills, including the ability and willingness to explain complicated algorithms and concepts in simple terms
- Experience with relational databases and strong knowledge of SQL
- Experience building data-heavy analytical models in the travel industry
- Experience in the vacation rental industry
- Experience developing dynamic pricing models
- Prior experience working in a fast-paced environment
- Willingness to wear many hats
What the job involves
- Design, develop and enhance our pricing algorithms to enable new capabilities
- Process, analyse, model, and visualise findings from our market-level supply and demand data
- Build and enhance internal and customer-facing dashboards to better track metrics and trends that help customers use PriceLabs in a better way
- Take ownership of product ideas and design discussions
- Occasional travel to conferences to interact with prospective users and partners, and learn where the industry is headed
Our take
Short-term rental platforms such as Airbnb are fantastic ways for empty properties to generate income for owners, but most users of such platforms are not optimizing their income. Prices are often lower than customers would expect and do not reflect the high rental demands in the area, and without data-driven analytics, this can be unclear.
PriceLabs provides a revenue management platform for short-term accommodation hosts, focussing heavily on automating dynamic pricing based on local events, trends, and weather. This dynamic pricing feature integrates directly within major rental marketplaces, and the platform also provides booking portfolio analytic tools, market dashboards, bulk price adjustment features, and dynamic minimum-stay rules.
With enough research, hosts of short-term accommodation rentals can rent their properties at the optimum price, but PriceLabs has recognized that this is not easy, particularly when managing a large portfolio of properties. Through its bulk listing editing tools and dynamic pricing algorithm, the company aims to augment the experience of short-term hosts, maximizing the revenue they earn from their rentals.
Freddie
Company Specialist at Welcome to the Jungle
Insights
100% employee growth in 12 months
Company
Funding (1 round)
Jul 2022
$30m
GROWTH EQUITY VC
Total funding: $30m
Company benefits
- Remote Work
- Workations
- Flexible Hours
- Annual Bonus Scheme
- WFH Setup Allowance
Company HQ
Chicago Loop, Chicago, IL
Leadership
Richie Khandelwal
(Co-Founder & President)Experience as Consultant for Bain & Company from 2013 to 2016. Vice President of Finance and Business Operations for MindTickle from 2018 to 2020.
Anurag Verma
(Co-Founder)Senior Analyst for Finance Operations Research and Manager of Operations Research and Revenue Management for United Airline from 2012 to 2018.
Sana Hassan
(Co-Founder)Experience as Technology Analyst for Infosys Technologies Ltd. from 2006 to 2009. Research Assistant for Motorola Mobility from 2010 to 2012.
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