Staff Product Manager I, Base Pricing

Lyft•San Francisco, CA

1d•$176,000 - $220,000•Hybrid

About The Position

Lyft is seeking a product manager to own the vision and roadmap for Base Pricing, the system that sets base prices for every ride type, region, and ride intent. Pricing is a real-time marketplace system balancing rider affordability, driver earnings, and sustainable growth. The Base Pricing team uses machine-learning and optimization systems to predict marketplace responses to prices, translate ride-serving costs into prices, and recommend price changes across markets. Its customers include riders and the analysts and market managers who set pricing strategy. The role will define success metrics and evolve how Lyft sets base prices, including their granularity, interaction with dynamic pricing, cost inputs, and coordination across ride types. It will also improve the accuracy and trustworthiness of impact-estimation models and help adapt base pricing to a hybrid network that includes autonomous vehicles. The product manager works with engineering, data science, analytics, Driver Earnings, Verticals, and Market Management, and communicates roadmaps, experiments, and pricing decisions to partner teams and executives. This is a hybrid role requiring in-office work three days per week on Mondays, Wednesdays, and Thursdays. Hybrid employees may work from anywhere for up to four weeks per year. The expected base pay range in the San Francisco area is $176,000–$220,000, excluding potential equity, bonus, and benefits.

Requirements

At least 5 years of product management or relevant experience, including significant experience with algorithmic, data-driven, pricing, or marketplace products.
Deep technical understanding of microeconomics.
Experience owning pricing, revenue management, or other economic levers with direct P&L impact.
Experience running A/B tests and market-level experiments, applying statistical and causal inference techniques to evaluate results, and developing post-launch testing strategies.
Experience querying, aggregating, analyzing, and visualizing data; comfort working directly in SQL and with data science partners on model design.
Ability to define and analyze product success metrics and exercise sound judgment about product ecosystem dynamics.
Ability to manage ambiguity, complexity, and interdependencies across teams in an organized and structured way.
Strong communication skills and judgment about communication strategy across teams, the company, and executives.
Passion for Lyft and sustainable urban transportation.

Nice To Haves

Background in Operations Research, Econometrics, Machine Learning, or algorithmic systems.
Experience with price optimization, elasticity modeling, or cost modeling.

Responsibilities

Own the vision and roadmap for how Lyft sets base prices and define success metrics.
Determine the optimal granularity for base prices, such as by time, location, and trip type.
Improve how the base price optimization engine works with downstream dynamic pricing systems to respond to real-time market conditions.
Re-evaluate how the costs of fulfilling a ride affect prices.
Jointly optimize prices across standard, alternative-mode, and scheduled rides as one portfolio.
Improve the accuracy and trustworthiness of impact-estimation models for market management teams.
Evolve base pricing for a hybrid network that includes autonomous vehicles.
Work with engineers, scientists, analysts, and partner teams to align on a shared vision, define requirements, and prioritize requests.
Communicate roadmaps, experiment results, and pricing decisions to partner teams and Lyft executives.

Benefits

Medical, dental, and vision insurance options, with additional programs available when enrolled.
Mental health benefits.
Family-building benefits.
Child care and pet benefits.
401(k) plan with company match.
Twelve observed holidays.
Discretionary paid time off for salaried team members; 15 days of paid time off for hourly team members.
Eighteen weeks of paid parental leave for biological, adoptive, and foster parents.
Subsidized commuter benefits.
Monthly Lyft credits and complimentary Lyft Pink membership.