Senior Product Manager, Sponsored Products Marketplace & Formats

We're transforming the grocery industryAt Instacart, we invite the world to share love through food because we believe everyone should have access to the food they love and more time to enjoy it together. Where others see a simple need for grocery delivery, we see exciting complexity and endless opportunity to serve the varied needs of our community. We work to deliver an essential service that customers rely on to get their groceries and household goods, while also offering safe and flexible earnings opportunities to Instacart Personal Shoppers.Instacart has become a lifeline for millions of people, and we’re building the team to help push our shopping cart forward. If you’re ready to do the best work of your life, come join our table.Instacart is a Flex First teamThere’s no one-size fits all approach to how we do our best work. Our employees have the flexibility to choose where they do their best work—whether it’s from home, an office, or your favorite coffee shop—while staying connected and building community through regular in-person events.OverviewAbout the RoleWe are hiring a Senior Product Manager to join our Sponsored Products Marketplace and Auction team. Sponsored products is our flagship search advertising product, and accounts for a meaningful portion of our advertising business today. We are looking for a Product Manager who can do it all, from leveraging strong design intuition to innovate on new consumer experiences to drive better engagement with sponsored products, to strong systems thinking and technical chops to comfortably lead improvements around auction dynamics and marketplace inventory to sustainably grow revenue. In this role, you will sit at the intersection of balancing and maximizing ecosystem value across Instacart ads revenue, advertiser value, and consumer engagement.About the TeamYou will be working with a talented team of frontend and ML/backend Engineers, Data Scientists, and Sales / Product Marketers to identify, incubate, and launch products.You will also closely partner with consumer Product Managers across search, storefront, checkout, and more to thoughtfully design, launch, and scale advertising solutions across the shopping journey.About the JobYou will work with designers to innovate on the next frontier on Sponsored Products formats, user experience improvements, and new use cases to improve engagement, all while maintaining a high degree of consistency with the current organic experience.You will partner with highly technical ML engineers to innovate across highly technical areas, from building prediction models to identify what ads are most relevant to users in real-time based on their intent, behavior, and contextual signals, to designing the right auction mechanisms to ensure relevance for customers, healthy competition, and efficient allocation of ads, and building predictive pricing algorithms to better optimize across advertiser value and advertising revenue.You will work with cross-functional partners across sales, insights, and business operations to identify and grow underpenetrated parts of the sponsored products business.About YouMinimum Qualifications3+ years in Product Management at a technology companyAnalytical background and a strong systems thinkerStrong design intuition and ability solve for customer needsStrong cross-functional collaborator, with a demonstrated ability to build trusted relationships and drive alignment and progress across teamsPassion for building products that unlock value for multi-sided marketplacesThrive in fast-paced, quickly changing environmentPreferred QualificationsPrior experience building products for and interfacing with B2B stakeholders (advertising and consumer packaged goods a plus)Experience operating in marketplace, auction, and supply optimization ecosystemsAbility to operate in high-stakes environments, leading communication, and driving alignment with executive leadershipInstacart provides highly market-competitive compensation and benefits in each location where our employees work. This role is remote and the base pay range for a successful candidate is dependent on their permanent work location.Offers may vary based on many factors, such as candidate experience and skills required for the role. Additionally, this role is eligible for a new hire equity grant as well as annual refresh grants.For US based candidates, the base pay ranges for a successful candidate are listed below.CA, NY, CT, NJ: $187,000 — $208,000 USDWA: $180,000 — $200,000 USDOR, DE, ME, MA, MD, NH, RI, VT, DC, PA, VA, CO, TX, IL, HI: $172,000 — $191,000 USDAll other states: $156,000 — $173,000 USD

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