Economist - London, United Kingdom - OFGEM

OFGEM

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Details:

Reference number:

Salary:

- £30,950 - £46,157

London £33,400 £46,157 / Glasgow £30,950 £43,649
Job grade:

Higher Executive Officer

Level 2a
Contract type:
Permanent
Business area:
OFGEM
Analysis and Assurance
Type of role:
Economist
Working pattern:
Flexible working, Fulltime
Number of jobs available:
1Contents

Location

About the job

Benefits:

Things you need to know

Location

Glasgow, LondonAbout the job

Job summary:

Play a key role in the delivery of sustainable energy across the UK.

Ofgem works on behalf of energy consumers to ensure that every household and business in the UK can rely on a safe and environmentally sustainable energy supply.

We are playing a vital part in accelerating the transition to Net Zero and a carbon neutral energy system - a goal that many want to achieve.

You'll be playing your part in focusing our efforts to develop cleaner forms of transport and heat.

With demonstrable qualifications, you'll be an analytical, strategic thinker with a firm understanding of economic regulation. You'll have excellent, well-rounded communication skills and proven qualitative and quantitative analytical experience.

Combined with a knowledge of the energy sector you'll effectively build relationships with a range of internal and external stakeholders, see linkages between various areas of the organisation and efficiently review economic models.

Job description:

The Economist role has opened up in the Analytical Quality (AQ) team within the Office for Research and Economics (ORE).

The ORE supports and strengthens Ofgem's analysis, helps policies to be more consumer-focused and develops the analytical skills of our staff.

The ORE is made up of three teams, including the Analytical Quality, Analytical Strategy and Development and Consumer and Behavioural Insights.

The Analytical Quality team is the guardian of analytical quality across the organisation.

The team's work primarily comes under two categories:
Analytical Quality Assurance and Model Quality Assurance.

Analytical Quality Assurance primarily involves engaging with policy teams during initial policy development and assisting them when they are conducting Impact Assessments (IAs).

During this process we ensure that teams follow our and government's impact assessment guidance. Impact Assessments are then ultimately signed off by the Chief Economic Advisor. We also provide advice and expertise across a range of analytical areas and across the full breadth of Ofgem. In addition, we develop and maintain the organisation's Impact Assessment guidance. and coordinate the Academic Panel, which provides advice and opinion to policy teams at our bi-annual meetings.

Our team also delivers model quality assurance for all areas of Ofgem. As such we facilitate the implementation of recommendations from the 2013 Macpherson Review. This includes ensuring that all Business Critical models are up to standard by quality assuring and scoring them.

We encourage best practice across the organisation (including organising spreadsheet modelling best practice training), quality assure smaller non-critical models and ensuring that modelling feeding into Ofgem decisions follows best practice.

Person specification:

The essential criteria for this role is:

A degree in Economics, or relevant experience in economics or quantitative analysis roles (lead):
Knowledge and experience in econometrics or statistics
Excellent analytical skills, both quantitative and qualitative
Ability to simplify and analyse complex concepts and communicate them effectively both in written papers and oral presentations
Experience of managing and working effectively with diverse sets of stakeholders

The desirable criteria for this role is:

Knowledge and experience of the GB energy system
Knowledge and experience of government and regulation

Behaviours:

We'll assess you against these behaviours during the selection process:

Making Effective Decisions
Communicating and Influencing
Working Together

Technical skills:

We'll assess you against these technical skills during the selection process:

Benefits:

Ofgem can offer you a comprehensive and competitive benefits package which includes; up to 30 days annual leave. Excellent training and development opportunities. The opportunity to join the Civil Service pension arrangements which include a valuable range of benefits. Flexible working hours and family friendly policies. Interest free season ticket loan.

Things you need to know

Selection process details:

This vacancy is using Success Profiles, and will assess your Behaviours, Experience and Technical skills.

You will then be asked to provide a 1250 word 'supporting statement' evidencing how you meet the essential and desirable skills and capabilities listed in the role profile.

Please ensure you demonstrate clearly, within yo