Tech Stack

Description

You will shape the evolution of Instacart's ad auction and bidding systems, designing analytical frameworks, running experiments, and building models to optimize auction efficiency and advertiser performance.

Requirements

• 5+ years quantitative role at product company or research org
• Hands-on experience with auction mechanics, CPC/CPM bidding systems, or ad monetization
• Ability to run rigorous experiments in auction/pricing context
• Proficient in SQL, Python or R
• Deep familiarity with auction theory or mechanism design (preferred)

Responsibilities

• Design analytical frameworks for auction evolution including CPC pricing and reserve price optimization
• Run rigorous experiments evaluating auction mechanism changes
• Develop statistical and ML models for bid distributions and CTR prediction
• Build simulations to model auction dynamics
• Partner with Engineering, ML, and Product to translate business needs into system requirements