Company Overview

LGC Group is a leading organization dedicated to enhancing health and social care through research and innovation. We collaborate with various stakeholders, including the NHS, academic institutions, and local authorities, to deliver impactful research that contributes to improved health outcomes and economic development.

Position Overview

Are you prepared to make a meaningful contribution in a vibrant and progressive organization? This position offers an opportunity to leverage your economic expertise while influencing the trajectory of our Monitoring, Evaluation, and Learning (MEL) initiatives. If you are driven by data and eager to apply insights to shape policy and achieve tangible results, this role is tailored for you.

Role Summary
Reporting to the Lead Economist, this is an excellent opportunity to become part of the MEL Team at LGC Group as an Economist.

The MEL team is committed to 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 initiatives are innovative, responsive, and effective in maximizing their impact.

In this role, you will oversee and contribute to various economic impact-related projects within a sector that truly makes a difference. You will utilize your understanding of economic theories and models to assist the Lead Economist in developing systematic methodologies to evaluate the impact and cost-effectiveness of LGC's funding activities. Your efforts will support LGC in generating economic evidence, fulfilling strategic objectives, and establishing a leadership position in the application of economics to monitor, evaluate, and learn from research funding activities.

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

Key Responsibilities

• Develop and contribute to models assessing LGC's economic impact
• Participate in internal economic evaluations of LGC funding
• Review, validate, and enhance existing economic analyses within LGC's impact case study repository
• Identify and prepare relevant datasets, conduct data analysis, and produce analytical reports on economic indicators of LGC's impact
• Assist in managing commissioned economic impact evaluations of LGC's research funding
• Stay informed about academic literature regarding the costs and benefits of various research activities and developments in the health and care research sector
• Organize and deliver training on economic concepts and communicate economic findings to non-economist colleagues

Qualifications

Required Qualifications and Experience

• Master's degree in Economics or a closely related field (such as Business Economics or Accounting and Finance), or equivalent experience
• Academic and/or professional experience in health economics
• Proficiency in economic and/or statistical modeling using tools like Microsoft Excel, R, or Python
• Demonstrated ability to apply economics creatively to new areas and a willingness to learn about sub-disciplines of economics
• Strong written and verbal communication skills, evidenced by high-level reporting and presentation capabilities
• Excellent organizational skills, including effective prioritization and the ability to 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 analyzing research funding
• Insight into 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, plus public holidays
Enhanced pension scheme
Life insurance coverage
Healthcare benefits
Provision of necessary IT equipment and support

This role operates in a hybrid model, with an expectation for employees to engage in office-based activities regularly, as required by team dynamics.

Application Process
Interested candidates are encouraged to submit their CV along with a statement detailing their suitability for the role, emphasizing relevant skills and experiences in relation to the required qualifications. We value diversity and encourage applications from all qualified individuals.