Statistical Forecasting Expert

3 weeks ago

London, Greater London, United Kingdom Royal Mail Group Full time

Job Reference Number: 314133

Position: Forecasting Analyst

Compensation: Competitive salary

Additional Benefits: Car allowance of £4,200 or £3,700 cash equivalent

Healthcare: Comprehensive family healthcare plan
Bonus Potential: Annual bonus potential of 18%
Leave: Generous annual leave offering of 27.5 days, increasing with tenure

Location: Flexible, with expectations for occasional office visits.

About the Opportunity:
We are in the process of innovating and transforming our operations to meet the evolving demands of the parcel delivery market while being environmentally responsible. We seek exceptionally talented, bright, and driven individuals to join our team.

If you possess a background in modeling or forecasting and have the ability to adapt and develop complex models, we encourage you to consider this opportunity.

We are looking for two Forecasting Analysts to become part of our expanding Economics and Statistical Forecasting team. This is a pivotal role in enhancing our organizational capabilities and establishing a leading business forecasting function. You will play a key role in enabling data-driven decision-making through effective forecasting.

Key Responsibilities:
As a Forecasting Analyst, you will report to the Head of Statistical Forecasting and will be responsible for:

  • Delivering short- and medium-term operational forecasts in accordance with the forecast calendar.
  • Maintaining and enhancing the forecast model suite while developing expertise in traffic patterns to ensure forecast accuracy.
  • Conducting statistical analyses of historical data to inform forecasts for special events and scenarios.
  • Monitoring and evaluating forecast accuracy to understand performance and key variance drivers.
  • Engaging with key stakeholders to foster trust and support for forecasts, providing insights through regular reporting.
  • Creating tools for forecast access, visualization, and analysis to meet business needs.
  • Implementing improvements to forecasting models and techniques to enhance accuracy and capability.

Candidate Profile:
To excel in this role, you should possess the following qualifications:

  • Experience in modeling or forecasting for large, complex operations.
  • Strong statistical, numerical, and analytical skills.
  • Proficiency in programming languages such as Python, SQL, GCP, or R.
  • Ability to communicate complex statistical and forecasting concepts clearly to non-experts.
  • Attention to detail and the capability to handle data accurately while drawing high-level, data-driven conclusions.
  • BSc or MSc in a quantitative field with significant experience in statistical modeling or data science.

Additional Benefits:
We offer a range of benefits including:

  • Share Schemes: Partnership and matching share offers.
  • Family Support: Enhanced maternity, paternity, and adoption leave.
  • Discounts: Access to over 800 offers for savings on various expenses.
  • Sick Pay: Supportive and generous sick pay policy.
  • Wellbeing Services: 24/7 access to resources for physical, mental, and financial health.
  • Lifestyle Benefits: Options for purchasing vehicles, technology, and health benefits through salary deductions.
  • Financial Support: Services to assist with debt management and financial literacy.
  • Healthcare Plans: Comprehensive health coverage options.
  • Employee Discounts: Free and discounted company products.

Commitment to Diversity:
We value diversity and inclusion within our workforce and encourage applications from individuals representing various backgrounds.

Next Steps:
The selection process will include a virtual interview focused on competency-based and role-specific questions.

We are dedicated to creating a supportive environment and welcome requests for adjustments during the application process.

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