Economist, Automated Profitability Management
Job ID: 3180480 | Amazon.com Services LLC
Amazon.com strives to be Earth's most customer‑centric company where customers can shop in our stores to find and discover anything they want to buy. We hire the world's brightest minds, offering them a fast‑paced, technologically sophisticated and friendly work environment.
Economists at Amazon partner closely with senior management, business stakeholders, scientists and engineers, and economist leadership to solve key business problems ranging from Amazon Web Services, Kindle, Prime, inventory planning, international retail, third‑party merchants, search, pricing, labor and employment planning, effective benefits (health, retirement, etc.) and beyond. Amazon Economists build econometric models using our world‑class data systems and apply approaches from a variety of skillsets – applied macro/time series, applied micro, econometric theory, empirical IO, empirical health, labor, public economics and related fields are all highly valued skillsets at Amazon.
This specific economist role is part of the Automated Profitability Management (APM) team whose vision is to offer the world’s most advanced suite of products to optimize and manage the contractual agreements between a retailer and its suppliers.
Our teams build software and machine learning models to optimize contract negotiations, and exchange of goods between Amazon Retail and tens of thousands of brands (“vendors”) offering millions of products available to hundreds of millions of Amazon customers worldwide. We handle product costs (How much should Amazon pay for this product?) but also cover supply chain (Who pays the initial shipping costs?), reverse‑logistics (Who pays for damaged products? What about unsold inventory?) and more. Our mission is to provide to our customers the world’s largest product assortment at competitive prices, through long‑term partnership with our vendors.
You will build econometrics and machine learning (ML) models that combine internal cost and pricing data, with external inflation signals (e.g. commodity prices, labor rates, transportation costs) to determine where contract changes are warranted. Where possible, you will design and conduct experiments to estimate the long‑term impact of the new contracts on customers, vendors, and Amazon. To do so, you will work closely with other economists, ML scientists, product managers, and software developers to implement and scale your solutions.
Key Job Responsibilities
- Develop econometric and causal models to improve the outcome of contract negotiations for all products offered by Amazon Retail worldwide.
- Determine the causal impacts of systems, strategy, or inputs changes on business growth and profitability through experiments or observational methods.
- Collaborate with product managers, applied scientists, economists, and software developers to incorporate economic models into negotiation tooling.
Basic Qualifications
- PhD in economics or equivalent.
Preferred Qualifications
- 2+ years of industry, consulting, government, or academic research experience.
- Knowledge of at least one statistical software package such as R, Stata, Matlab, SAS.
- Experience in prediction and forecasting in a research or industrial environment.
- Experience with handling of large datasets.
USA, WA, Seattle - 136,000.00 - 184,000.00 USD annually
Amazon is an equal opportunity employer and does not discriminate on the basis of protected veteran status, disability, or other legally protected status. Our inclusive culture empowers Amazonians to deliver the best results for our customers. If you have a disability and need a workplace accommodation or adjustment during the application and hiring process, including support for the interview or onboarding process, please visit https://amazon.jobs/content/en/how-we-hire/accommodations for more information. If the country/region you’re applying in isn’t listed, please contact your Recruiting Partner.
The base salary range for this position is listed below. Your Amazon package will include sign‑on payments and restricted stock units (RSUs). Final compensation will be determined based on factors including experience, qualifications, and location. Amazon also offers comprehensive benefits including health insurance (medical, dental, vision, prescription, Basic Life & AD&D; insurance and option for Supplemental life plans, EAP, Mental Health Support, Medical Advice Line, Flexible Spending Accounts, Adoption and Surrogacy Reimbursement coverage), 401(k) matching, paid time off, and parental leave. Learn more about our benefits at https://amazon.jobs/en/benefits.
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