Economist

Economist

We have a requirement for a contractor to act as an ECONOMIST for the Programme Management Department on a 4-6 month contract, based in London (flexible).

- economic appraisal skills
- Helping the business to develop assumptions for monetising benefits eg what the impact of the change programme would be
- Economic modelling and monetising benefits.

The Economist will be responsible for leading the development of the economic case of the Novo business case.

THE FOCUS IS ON:

- ECONOMIC APPRAISAL SKILLS;
- HELPING THE BUSINESS TO DEVELOP ASSUMPTIONS FOR MONETISING BENEFITS EG WHAT THE IMPACT OF THE CHANGE PROGRAMME WOULD BE;
- ECONOMIC MODELLING AND MONETISING BENEFITS.

WE DO NOT NEED SOMEBODY WHO DOES THE OPTIONS DEVELOPMENT OR WRITES THE BUSINESS CASE.

Knowledge

Developing economic models.

Developing business cases.

Understanding of information management.

Skills

Solid foundation in the core microeconomics principles and the ability to apply these to public policy and investment decisions.

Communicate effectively with non-economists, conveying the relevance and impact of economic concepts without the use of specialist terminology.

Be proficient in carrying out cost-benefit analysis for large investment projects, applying techniques such as monetisation and discounting. The candidate would desirably have some experience of this in the public sector.

Experience

Developing economic cases for business cases following the HMT 5 case model.

Experience of planning/project work.

Experience in economic modelling.

Review work so far on costs and identifying benefits;

Work with the finance team to ensure the right cost information is captured;

Develop, agree and model assumptions for benefits, costs and savings;

Strengthen future business cases through advise, guidance and building a better understanding of appropriate approaches;

Review current approach to optimism bias and revise/refine as necessary;

explaining research methodology and justifying conclusions drawn from research data;

Advise on the best way to present the economic case and draft technical sections (eg explaining methodology) as necessary;

Advise on approaches to weak data and carry out sensitivity analysis if appropriate.

Monetise benefits and advise on how delivery should be reported;

Essential

A first or upper second class honours degree with at least 50% economics content.

Desirable

A Master's degree in economics would be desirable.

Member of the Government Economic Service or understanding of its work.

Contractors will be required to attain SC Enhanced security clearance.

Excellent Client and Opportunity, please email me your CV thanks.