Lead Data Scientist/Economist – Price and Promotions Data Science

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary

The Consumer Engagement & Analytics team is helping lead the effort to drive improved consumer experience by partnering with key business areas across CVS Health to deliver impactful analytic products and insights.  As a member of the Price and Promotion Analytics team, you will be at the forefront of delivering high visibility products for key CVS Retail strategic priorities. Specifically, you will have the opportunity to drive traffic, revenue and customer satisfaction in CVS Health’s Front Store business using data science to optimize pricing and promotions decisions.

In this role, you will have the opportunity to:

• Lead the application of advanced econometric methods to understand localized trends, assess the competitive environment, and measure short and long- term customer impacts to optimize pricing and promotions decisions,
• Solve complex problems, translate business requirements into testable hypotheses and measurable metrics,
• Guide the modeling approach, leverage large datasets, and build scalable and deployment ready models that work well with CVS Retail’s diverse product portfolio, develop robust methodologies and metrics to assess model performance,
• Stay up to date on the state-of-the-art modeling methodologies and latest research,
• Develop Jr talent, conduct code reviews, and drive the methodological expertise within the Price and Promotions Econometrics team,
• Utilize the latest developments in the generative models (LLMs and other AI models) to improve and enrich the performance of the models, rethink the deployment readiness and scalability of the models, and automation opportunities using agents,
• Work cross functionally with a range of technical and non-technical stakeholders including business partners, engineers, and other data and analytics teams. Share progress, findings, recommendations, and their business implications. Present meaningful and insights-driven materials on analytical results with recommendations and go forward planning to guide a variety of audiences including internal stakeholders and senior leadership,

We are a fast-paced team focused on building innovative advanced analytics solutions using cloud capabilities. Within our team, we believe cutting-edge AI products and analytics can only be delivered if every aspect of the solution from data to model to front end UI is fully designed and developed by the team.

We are looking for talented individuals who have a strong sense of ownership, accountability and a desire to deliver high quality end to end intuitive and impactful analytic products using advanced data driven approaches.

Required Qualifications

• Advanced degree in a quantitative field such as economics, statistics, or a related field. PhD in economics is preferred.
• 7+ years of work experience in retail, consulting, or a related field as an economist, data scientist, or similar role with at least 2 years in a lead capacity,
• Strong foundation, and demonstrated experience applying statistical models and/or causal inference techniques (such as Hierarchical GLM, Double ML, synthetic control, and other quasi experimental techniques). Familiarity with surrogate models.
• Strong Python, R, and SQL skills, proficiency in working with large datasets,
• Experience working with a data engineering/MLOps team to productionize data science models, familiarity with version control (GitLab or GitHub), and ML platforms (AWS SageMaker, Databricks, GCP Vertex AI, etc.),
• Excellent communication, leadership, and presentation skills and attention to detail. Worked in an agile environment, has the flexibility to adapt to changing business needs.
• Proven experience leading multiple complex projects simultaneously in a fast-paced environment.

Preferred Qualifications

• Experience measuring the impact of price and promotion strategies and competitive price positions on customer purchase behavior,
• In depth understanding of merchandising (price, promotion, assortment) concepts and metrics in retail,
• Experience with managing large scale projects and working with multiple business