Opendoor

Senior Research Scientist – Resale Strategy

3+ months agoUnited States
About Opendoor

Founded in 2014, Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and our goal is simple: build a digital, end-to-end customer experience that makes buying and selling a home simple, certain and fast. We have assembled a dedicated team with diverse backgrounds to support more than 100,000 homes bought and sold with us and the customers who have selected Opendoor as a trusted partner in handling one of their largest financial transactions. But the work is far from over as we continue to grow in new markets. Transforming the real estate industry takes tenacity and dedication. It takes problem solvers and builders. It takes a tight knit community of teammates doing the best work of their lives, pushing one another to transform a complicated process into a simple one.  So where do you fit in? Whether you’re passionate about real estate, people, numbers, words, code, or strategy -- we have a place for you. Real estate is broken. Come help us fix it.

About the Team
As a Staff Research Scientist at Opendoor, you will build models that determine which homes we acquire, how much we should pay for them, and how these decisions impact our margin, growth, and customer satisfaction targets. You will also help us discover the value of the homes that we own, so we can resell them on the market quickly and for the right price. You will rapidly iterate on new approaches to solve pricing problems all the way from idea to execution to evolution. Getting these decisions right is essential to our success as we innovate in new areas of real estate. 

Our Teams:
Pricing Prediction - Responsible for all the core pricing prediction models, but in particular OVM (which predicts the value of a specific home right now) and HPA (which predicts the value of homes over time). If algorithmic pricing is the heart of Opendoor, this is the heart of algorithmic pricing.
Advanced Resale Optimization - Our ARO team optimally acquires an individual home and, once it’s acquired, will optimally resell an individual home given supply-demand, tradeoffs, etc
Portfolio Construction - Responsible for driving portfolio-wide optimization, including margin vs. revenue tradeoff, allocate fixed resources (e.g. marketing $$) to different markets, managing portfolio-wide risk given HPA forecast, etc.

Role Responsibilities

  • Build and evolve models that drive massive customer impact
  • Identify opportunities at all stages of the modeling lifecycle, including new models, new data sources, enhancements to models, and rapid feedback loops
  • Provoke trade-offs and prioritize work across a portfolio of potential projects based on impact and scope vs. effort and risk
  • Produce convincing structural and data-driven analyses to falsify ideas or move them forward
  • Clearly and concisely articulate the business impact of your work
  • Work pragmatically at a high cadence to ship modeling opportunities, such that we generate high learning throughput

Skills Needed

  • 5+ years of industry experience designing, developing and shipping ML systems, post academia
  • Advanced degree in a quantitative field
  • Adeptness in working with any kind of data (structured, unstructured, scraping, database tables, etc.)
  • Ability to create machine learning models to solve business problems, applying excellent business judgment and orientation toward impact
  • Proficiency in a programming language to be able to solve a business problem in a full-stack, data-driven way (scraping data, ETL, web-hosted ML model)
  • Ability to quickly (1-2 weeks) build proofs of concept and identify the highest-leverage areas to iterate efficiently
  • Desire to identify, perform, and automate laborious work (e.g. hand-labeling 100 examples to understand the job at hand, then systematizing the process)
  • Strong knowledge of statistics
  • Highly effective verbal and written communication skills

Bonus points if

  • Generalist engineering experience over a diversity of products
  • A risk-aware, investor’s mindset (seeking out and placing bets on a portfolio of projects)
  • Proficiency in a relevant modeling or statistics specialization, such as macroeconomic modeling, portfolio optimization, stochastic modeling, or human-in-loop data enrichment
  • A public portfolio of full-stack data products, demos, or blog posts 

For CO Residents Only, and in accordance with C.R.S. Sec. 8-5-101 et seq., the minimum total compensation for this role is $425,000. The actual compensation packages are based on a wide array of factors unique to each candidate, including but not limited to skill set, years & depth of experience, certifications and specific office location. This may differ in other locations due to cost of employment considerations. For questions about this, our pay philosophy, and other available benefits, please speak to the recruiter if you decide to apply for the role and are selected for an interview. 

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More About Us
To learn how we are reinventing the Real Estate industry check out our website, to hear about our culture directly from team members visit The Muse and to discover what we are building for our customers read our blog posts.

We Offer the Following Benefits and Perks
• Full medical, dental, and vision with optional 85% coverage for dependents
• Flexible vacation policy
• Generous parental leave
• Paid time off to volunteer
Please note that these benefits and perks are available only to Full Time team members and do not apply to contract roles.

Opendoor Values Openness
Our team celebrates our diverse backgrounds. We believe that being open about who we are and what we do allows us to be better. Individuals seeking employment at Opendoor are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances. For California residents: for more information about the categories of personal information that we collect for recruiting purposes, please see our personnel Privacy Policy.

Client-provided location(s): United States
Job ID: 61713c1a-8b4b-4378-a926-ba3da6befd87

Perks and Benefits

  • Health and Wellness
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Wellness Program
    • Long-Term Disability
    • Pet Insurance
    • Mental Health Benefits
  • Parental Benefits and Childcare
    • Fertility Benefits
    • Family Support Resources
    • Paid Family Leave
  • Work Flexibility
    • Flexible Work Hours
    • Remote Work Opportunities
    • Home Office Stipend
  • Office Life and Perks
    • Commuter Benefits Program
    • Casual Dress
    • Happy Hours
    • Snacks
    • Some Meals Provided
    • Company Outings
    • Employee Resource Groups (ERG)
    • Holiday Events
  • Vacation and Time Off
    • Paid Vacation
    • Unlimited Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
    • Volunteer Time Off
    • Sabbatical
  • Financial and Retirement
    • 401(K)
    • Company Equity
    • Relocation Assistance
    • Stock Purchase Program
  • Professional Development
    • Promote From Within
    • Shadowing Opportunities
    • Learning and Development Stipend
  • Diversity and Inclusion
    • Diversity, Equity, and Inclusion Program
    • Founder led
    • Asian founded/led

Company Videos

Hear directly from employees about what it's like to work at Opendoor.