Senior Product Manager, Lyft
Pricing Optimization
$124.8-156k
Ride sharing company
Open for applications
Ride sharing company
1001+ employees
Open for applications
$124.8-156k
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- 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
- 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
What the job involves
- 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
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialed and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company 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
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Articles
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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