Position Title: Pricing Analytics Scientist
A high-potential pricing analyst is needed to assist in all phases of the development, deployment, monitoring, and evaluation of pricing analytical models & tools. The specific position is in our Pricing Analytics team. We are looking for highly motivated, multi-faceted individuals to work in a high-visibility functional area.
Responsibilities: Work with Pricing Analytics, Risk, Finance, and Sales teams to support optimal pricing strategies, reflecting the risk/return tradeoff Employ statistical procedures (e.g., binary/multinomial logistic, nested logit) to develop demand models to quantify customer and dealer responsiveness to price and other vehicle incentives Employ econometric procedures (e.g., ARIMA, ARCH/GARCH) to develop forecasts for loan offers, approvals, purchases as well as portfolio mix (e.g., term, risk tier) Develop optimization models and frameworks to determine optimal pricing; incorporating corporate objectives and constraints Maintain models and algorithms on an ongoing basis Continuously explore ways to enhance models Develop model tracking methodologies and reports to monitor model performance Investigate data & implementation issues Use data-mining techniques to find opportunities in the pricing area Work with various data sources and platforms (PC, Mainframe, Unix/Linux, Teradata, flat files) to compile data Utilize statistical software (e.g., SAS, JMP, Matlab, R) to develop models, forecasts, and optimization algorithms.
Master’s Degree in a quantitative field of study 1+ years of experience with statistical, econometric, and optimization methods (e.g., logistic, time series, seasonal adjustments, non-linear methods) 1+ years of experience using analytics in a business or academic environment 1+ years of experience in one of the following: SAS, R, MatLab or Python
Ph.D. in a quantitative field such as Statistics, Economics, Applied Mathematics, Physics, Operation Research or Engineering Familiarity with various simulation techniques Ability to translate complex quantitative methods for business audiences Experience in applications of operations research, mathematics, and/or statistics in an industrial/applied environment Experience in pricing in the financial industry highly preferred
The distance between imagination and …. Creation. It can be measured in years of innovation, or in moments of brilliance. And, it can be a road you start traveling right now. When you join Ford Motor Company, your journey begins. You become part of a team that is already leading the way, with ingenious solutions and attainable products – and it is always ready to go further.
Visa sponsorship may be available for this position.
Ford Motor Company is an equal opportunity employer committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status.
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