Group Product Manager II - Pricing

6d6 days ago

Lyft

New York City, US · Full-time · $208,000 – $260,000

About this role

At Lyft, our purpose is to serve and connect by cultivating a work environment where all team members belong and thrive. Lyft connects people to transportation to change the way we live and get around communities. Product management integrates engineering, data science, and design to reinvent transportation.

Pricing serves as the primary economic engine of Lyft's marketplace, a high-precision real-time system processing millions of fare calculations per hour. It balances rider affordability, driver earnings, and Lyft's sustainable growth. The Pricing team mediates between rider demand and driver supply as a core pillar of the Rider Organization.

As Group Product Manager for Pricing, lead a team of product managers across four sub-teams owning the full pricing lifecycle. These include Planned Pricing for base prices, Dynamic Pricing & Offer Selection for real-time algorithms, Rider Engagement for personalized offers, and Price Orchestration for the pricing platform.

Drive Pricing's top strategic priorities: unified portfolio optimization across ride types, preparing the platform for autonomous vehicles, advancing real-time personalized offers through applied AI, and increasing pricing precision to reduce waste while hitting growth targets.

Requirements

Exceptional creative, strategic, and analytical skills to drive best-in-class products
Experience leading product teams in a fast-paced marketplace environment
Deep understanding of pricing strategies balancing supply, demand, and economic targets
Proven ability to manage real-time systems processing high-volume calculations
Expertise in portfolio optimization, rider incentives, and personalized offers
Strong collaboration skills with engineering, data science, design, and business stakeholders
Entrepreneurial mindset to innovate across pricing lifecycle and new offerings like autonomous vehicles
Proficiency in data-driven decision-making for marketplace dynamics

Responsibilities

Manage and grow a team of product managers, providing development, mentorship, and coaching to help them achieve their goals and Lyft's goals
Drive the strategic product and technology vision for Pricing, owning the system that impacts Gross Bookings, Active Riders, and Adjusted EBITDA Margin
Set and align business goals for pricing optimization with executives and business teams
Incorporate end-to-end impact of pricing decisions on riders, drivers, and network growth
Define short-term and long-term strategy to achieve goals, setting success metrics and roadmap for maximum impact
Develop and execute a product roadmap via close collaboration with senior leadership, Finance, Data Science, Analytics, Design, Marketing, Engineering, Legal, and Policy
Review how product managers translate customer and internal user needs into clear functional and technical requirements backed by data analysis and marketplace understanding