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Senior Econometrician - Senior Manager

Posted: 8 Jun 2021 Closes: 9 Jul 2021
London Competitive
Permanent & Full-time PwC_205891WD-int

PwC's Economics team is looking for an experienced econometrician at Senior Manager grade to join the firm's expanding practice.

Who we are and what we do

We are one of the UK's leading economics consultancies, and part of PwC's global network of economists. Our team of c.60 economists and policy specialists works alongside a wide range of clients, using economic insights to inform strategic choices, guide the development of policy and assess the impact of major investments. In the boardroom, in front of regulators and with policy makers, we develop big, distinctive ideas and important insights that are grounded in robust economic analysis. We are known for our leading-edge analysis and thought leadership, such as our annual Women in Work Index and UK and Global Economic Outlook, which regularly feature in the UK and international media. This provides our people the chance to prepare analysis that matters and influences CEOs, governments and regulators alike.

We work as a core part of the firm's strategy consulting practice. Our team works on the practical application of economics to develop real-world solutions to important problems - aligned to the purpose and mission of PwC. We work on stand-alone projects and in collaboration with our colleagues across a range of disciplines and sectors, meaning we offer a huge variety of opportunities for our people to apply their expertise in a range of exciting and different contexts. For example, in the last twelve months our team has:
  • Assisted Ofwat to protected water consumers, as the regulator's PR19 Price Review delivery partner, examining and assessing a £51bn investment programme over the coming five years.
  • Supported a number of energy networks to ensure they receive adequate funding from the regulator to ensure the continued safe and secure provision of electricity and gas to consumers.
  • Examined the impacts of drones on the UK economy, assessing the potential £42bn impact they could have by 2020.
  • Supported a central Government Department on their post-Covid economic recovery plans.
  • Helped a European financial services firm to develop proposals to expand the reach and impacts of sustainable finance.

As well as taking pride in the breadth of the work we deliver and opportunities we offer, we enjoy working as part of a diverse team. Our Economics team comprises people from 12 different countries, speaking 22 languages. As a firm, PwC is committed to building a culture that empowers all of our people to thrive and feel a sense of belonging.

Who we are looking for

We are looking for candidates with a strong background of professional experience, most likely gained in economics consultancy, but potentially gained in an economic regulator or competition authority, a regulated company, government, international organisation or think-tank. The successful applicant will need to demonstrate an ability to apply economic theory in real-world contexts. A related Economics PhD will be advantageous.

The successful candidate should have ability and experience of applying econometrics to client projects. Particularly useful skills include:
  • Application of advanced microeconometrics, especially in panel data and non-parametrics
  • Use of macroeconometrics and machine learning techniques in nowcasting and forecasting.
  • Knowledge of computer programmes/languages used in econometrics and microeconomics - such as Stata, R, and Matlab

The successful candidate should also demonstrate ability to deliver successful projects in of one or more of the following areas:
  • Economic regulation
  • Industrial organisation and competition policy
  • Market and pricing analysis
  • Applied game theory (including market simulation)
  • Economic impact assessment
  • Policy design and evaluation
  • Welfare economics (including cost-benefit analysis)

The successful candidate should also demonstrate an ability to - given appropriate support from the firm - source business opportunities and play a significant role in the expansion of PwC's econometrics work.

Whilst the successful candidates will work across a range of sectors, we would be especially interested in candidates with experience in one or more of the following industries: energy; water; telecommunications; transport; consumer and industrial products and financial services.

We envision the role to be based in our London office, but we are also open to discussions with regards to being based in one of our regional offices. We have also launched new flexible working arrangements for our staff which envisages a flexible hybrid working model with time spread across our offices, client sites and home working.

  • Advanced econometric modelling using Stata or R software packages to calculate statistical linkages using client data.
  • Review analysis carried out in Stata and R by junior staff
  • Devise and apply relevant econometric theory with solid economic foundations in both client work and thought leadership
  • Manage junior staff on projects, between 2-10 staff at any one time.
  • Coach and mentor junior staff and upskill them to aid their progression.
  • Author reports based on client commissions.
  • Reviewing broader team work in line with PwC standards to ensure quality delivery for clients

  • Demonstrable professional experience in econometrics.
  • Proficiency in one or more of the following statistical packages: Stata, R, Matlab
  • Fluency in spoken and written English
  • An Economics or econometrics related PhD will be advantageous.
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