Senior Decision Scientist, Opendoor
$126.4-178k
End-to-end online platform for selling and buying homes
Job no longer available
End-to-end online platform for selling and buying homes
1001+ employees
Job no longer available
$126.4-178k
1001+ employees
Company mission
To power life's progress one move at a time.
Role
Who you are
- 5+ years of experience post academia, working in an analytical role – leading data discoveries, strategies and discussion with non technical stakeholders in the business
- Proficiency in SQL and data visualization tools such as Mode, Tableau or Looker
- Strong written and verbal communication skills to influence non-technical audiences with analytical insights and data visualizations
- Comfort working with complex and fast-evolving data sets
- System thinking and creativity to solve complex problems by going deep and understand its core drivers
- Experience with experimentation and A/B testing
- Bonus points if providing data strategies and insights at a data-driven tech company
- Experience providing data strategies and insights at a data-driven tech company
What the job involves
- As a Senior Decision Scientist at Opendoor, you will be part of a centralized Decision Science team in our Chief Data Officer organization
- You will partner with customers across Operations, Product, Marketing, and Pricing to drive our business forward with recommendations you uncover through data
- You will own analytics for one or more of Opendoor’s surface areas and partner with business owners to help shape its direction
- Decision Scientists monitor the health of their area, plan and execute A/B tests, and make data-driven recommendations to help Opendoor scale
- Become the go-to data analytics owner on a team of Product Managers, Operations Managers, Software Engineers, and Designers for a specific domain area
- Develop metrics and dashboards to streamline data reports for everyone from Operators to senior leadership, on critical business results and drive the impact of data-driven decisions
- Partner closely with internal stakeholders to ideate, opportunity size, and execute strategic business initiatives that impact product features – ultimately, improving the Opendoor experience for our customers and users
- Improve analytics quality and efficiency in collaboration with Data Scientists, Software Engineers and Data Engineers
- Become a domain expert in real estate
Our take
Opendoor makes selling homes easy and stress-free by cutting out the prolonged processing time usually involved with a sale. Sellers can offload a house quickly and easily to the company for cash and a 6-9% fee. Currently operating in a growing number of markets nationwide, Opendoor has chimed well with millennials who gel quickly with online businesses that offer solutions to problems they encounter.
This buying and selling model doesn't come without risk. The longer Opendoor keeps a property, the lower its profit margin. However, Opendoor's performance has been anything but disappointing; it went public in 2021, with its pre-SPAC merger presentation calling for $3.5 billion in revenue. Its actual revenue trounced it, coming in at $8 billion - more than double its estimate.
Opendoor's largest competitor Zillow dropped out of the space in late 2021 because it struggled to price the homes it acquired accurately. Opendoor's closest remaining competitor is Offerpad, which does just a fraction of the transaction volume that Opendoor does. With strong earnings coming out of 2024, if Opendoor can continue to ride on this success long term it will have an enormous lead on existing and future competitors, giving it a shot to become the overwhelming market leader.
Steph
Company Specialist at Welcome to the Jungle
Insights
-19% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Mar 2019
$300m
SERIES F
Sep 2018
$400m
SERIES F
Total funding: $1.5bn
Company benefits
- Save for tomorrow: Select our Pre-tax or Roth 401k plans to save towards retirement
- Healthy healthcare: Medical, dental and vision is 100% covered for employees
- Family planning: We offer specialty programs like Carrot, Cleo & Ginger
- Flexible vacation: Most of our team take at least 20 days off per year to decompress and be their best
- Resource groups: Join the group that works for you
- Income protection: 100% company sponsored: life insurance short term and long term disability
- Other: Flexible spending account, commuter benefit, employee assistance programs, and paid parental leave
Company HQ
Financial District, San Francisco, CA
Leadership
Carrie Wheeler
(CEO)Initially joined Opendoor in 2019 as a Board Member, before becoming the CFO in 2020 and CEO in 2022. Previously a Partner and the Head of Retail and COnsumer Investing at TPG Capital as well as an Analyst at Goldman Sachs.
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