Economic Advisor - London or Edinburgh
Economic Advisor - London or Edinburgh
London or Edinburgh
Associates: £33,000 - £45,000 DOE
Senior Associates: £45,000 - £70,000 DOE
Benefits: Excellent Pension, Private Medical Care, Flexible Benefits, Life Assurance, Income Protection, Childcare Vouchers, 25 Days’ Leave + Ability to Purchase Up to 10 Additional Days
About the Job
Ofcom is the independent regulator and competition authority for the UK communications sector. Our activities include promoting investment in faster broadband and mobile coverage, regulating the BBC, helping consumers to engage in communications markets, and managing the airwaves which are used by mobile and Wi-Fi devices. Ofcom’s competition team plays a fundamental role in ensuring that communications markets work well for UK citizens and consumers.
We are currently looking for economists to join our competition team as Senior Associates or Associates. This is an opportunity to join a broad and supportive team of economists, and work within multi-disciplinary teams on a variety of projects across a fast-changing sector.
What you will be doing
In this role you will help to ensure that our policies have a sound economic foundation and that they will deliver a real, long term impact. You will typically work on between one and three projects at one time. Some recent and ongoing examples of our work include: requiring BT to open up its network to other providers, designing the format for the next mobile spectrum auction, assessing the impact of new BBC services on commercial rivals, estimating the costs of a universal requirement for minimum broadband speeds, and making it easier for mobile customers to switch providers.
On a typical project, you will be:
- Identifying the key economic issues
- Helping to develop the analytical framework for addressing those issues
- Considering what information is needed to inform the economic analysis, and how that information will be gathered
- Providing high quality analysis, including anticipating and considering counter-arguments or different points of view, from others within Ofcom and from external stakeholders
- Potentially managing complex data sets and spreadsheet models
- Providing clear, well-reasoned drafting, including for documents that will be published
- Attending team meetings, governance meetings and meetings with stakeholders
- Demonstrating Ofcom’s values of excellence, empowerment, agility and collaboration.
You will also contribute to the economics and wider teams through non-project work such as training, knowledge-sharing, or organising social activities. Senior Associates may have the opportunity to manage more junior colleagues as a line manager, or on individual projects.
Essential Skills / Experience
You will have a sound understanding of microeconomics and experience in applying your understanding.
- Knowledge of microeconomics: Ofcom is an economic regulator and our policies are based on solid economic foundations. You will have a good grounding in microeconomics, with training in one or more of industrial organisation, public economics or financial economics. Typically this will be through a degree in economics or, preferably, a post-graduate qualification (such as an MSc or a PhD with relevant specialisms). We particularly welcome candidates with an academic and/or working background in industrial organisation, competition, auction design or regulatory economics.
- Ability to apply economic concepts: You will apply your knowledge of microeconomics to new situations. Communications markets are dynamic, and we face problems that are novel and complex. You need to be able to identify the key economic issues and the best framework for considering them.
- Collaboration and communication skills: The ability to communicate effectively in writing is a vital skill, both for internal and published papers. We have a strong culture of collaboration, so good presentational/verbal and listening skills are essential.
- Quantitatively strong: Quantitative analysis supports most of our decisions, so you need to be experienced in interpreting information, and have good attention to detail. Experience of using or developing spreadsheet models is desirable but not essential.
- Experience: You will have past experience of applying economics, preferably in regulation or competition policy. This will typically have been gained through working at a consultancy, at another regulator, competition authority or government agency/department, or a regulated company. Familiarity with the communications industry is useful but not essential.
We recognise that not everyone has the same needs and we strive to offer flexible working arrangements to help manage work and personal commitments. We have family friendly policies that actively seek to support our colleagues and enable our teams to work in the most effective way. We welcome applications from candidates who would like to work part-time or flexibly, so please tell us what your preferred working arrangements are.
We welcome candidates who want to work in our new office in central Edinburgh. Colleagues based in the Edinburgh office work on UK-wide projects, as part of teams whose other members are based in our London office.
Ofcom is an equal opportunities employer and committed to equality of opportunity for all. As a disability confident employer, all disabled candidates who meet the essential criteria of the job description will be guaranteed an interview.
Closing date: 25/02/2018
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Additional Keywords: Economic Advisor, Economist, Economics Analyst, Microeconomics Advisor, Economic Data Analyst, Quantitative Data Analyst, Economics.