Economic Analyst

Company Overview

LGC Group is a leading organization committed to advancing health and social care research through strategic partnerships with various stakeholders, including the NHS, universities, and local governments. Our mission is to drive world-class research that enhances public health and fosters economic development.

Position Overview

Are you eager to make a meaningful contribution in a progressive and innovative environment? This position offers you the opportunity to leverage your economic expertise while influencing the trajectory of our Monitoring, Evaluation, and Learning (MEL) initiatives. If you are dedicated to utilizing data-driven insights to shape policy and achieve tangible outcomes, this role is tailored for you.

Role Summary
Reporting to the Lead Economist, you will be an integral part of the MEL Team at LGC Group as an Economic Analyst.

The MEL team is responsible for demonstrating and communicating the impact of LGC's investments in health and social care research. By generating timely and relevant evidence, we ensure that our organization remains innovative, responsive, and effective in maximizing our impact.

In this capacity, you will oversee and contribute to various economic impact-related projects within a sector that truly makes a difference. You will apply your knowledge of economic theories and models to assist the Lead Economist in developing systematic methods for assessing the impact and value for money of different areas of investment. This work will help LGC Group generate vital economic evidence, support strategic objectives, and establish our organization as a leader in utilizing economics for monitoring, evaluation, and learning from research funding activities.

The ideal candidate will possess experience in health economics and economic evaluation, alongside a robust background in economics and a willingness to expand their knowledge in the health and research funding sectors.

Key Responsibilities

• Develop and manage models to assess LGC's economic impact
• Conduct in-house economic evaluations of funding initiatives
• Review, validate, and enhance existing economic analyses within LGC's impact case study repository
• Identify and prepare relevant datasets, perform data analysis, and produce analytical reports on economic indicators
• Manage commissioned economic impact evaluations of LGC's research funding
• Stay updated with academic literature regarding the costs and benefits of various research activities and outcomes
• Organize and deliver training sessions on economic concepts for non-economist colleagues

Qualifications

Required Qualifications and Experience

• Master's degree in Economics or a closely related field, or equivalent experience
• Professional experience in health economics
• Strong analytical skills with experience in economic and statistical modeling using tools such as Microsoft Excel, R, or Python
• Proven ability to apply economics creatively in new contexts and a desire to learn about various sub-disciplines
• Excellent written and verbal communication skills, demonstrated through high-level reporting and presentation capabilities
• Strong organizational skills, with the ability to prioritize effectively and meet deadlines
• Familiarity with HM Treasury's Greenbook guidelines

Desired Qualifications

• Experience in cost-benefit and/or cost-effectiveness analysis
• Background in economic evaluation projects and labor market analysis
• Understanding of research impact and pathways to achieving it
• Experience in analyzing research funding
• Knowledge of the role of government research funding within the broader context of industrial policy

Additional Information

Salary & Benefits
Competitive salary with performance-related bonuses
Generous annual leave policy
Enhanced pension scheme
Life insurance and healthcare benefits
Provision of necessary IT equipment and support

This position is hybrid, requiring a minimum of four days in the office each month, subject to team needs.

Application Process
We encourage candidates who meet the qualifications to submit their CV along with a 'Statement of Suitability' detailing their relevant skills and experiences. We value diversity and are committed to creating an inclusive environment for all employees.