Senior Economist - Climate Consulting

Oxford Economics; London; Hybrid; GBP 65,000 - 85,000; Full time

Job summary

A leading global economic research firm is seeking a Senior Economist to join their Climate Modelling and Scenarios team in London. This role involves managing macroeconomic and climate consultancy projects, presenting findings to clients, and conducting innovative research in the climate field. The ideal candidate has a strong economics background, proven analysis skills, and the ability to communicate complex concepts clearly. The role offers competitive benefits, including private healthcare and flexible working arrangements.

Benefits

Private Healthcare

Employee Assistance Program

Enhanced Maternity and Paternity Leave

Workplace Nursery Scheme

Cycle to Work Scheme

Hybrid/Flexible Working

Team Gatherings and Connection Boost!

Qualifications

• Strong academic education in economics.
• Experience of economic analysis and econometrics.
• Excellent communication skills for non-specialists.

Responsibilities

• Conduct research and literature reviews.
• Perform climate scenario analysis using GEM.
• Present economic research results to clients.
• Manage client queries regarding research findings.
• Develop relationships with clients.

Skills

Economic analysis

Attention to detail

Communication skills

Quantitative analysis

Client relationship management

Education

BA/BSc in economics

Postgraduate degree in economics or climate

Tools

Excel

EViews

Stata

R

Python

Job description

Department: Scenarios & Macro Modelling

Location: London, UK

Description

Oxford Economics, a leading global economic research and consultancy firm, is looking for a Senior Economist to join our expanding Climate Modelling and Scenarios team in London or Oxford.

The team deals with a wide range of climate and macroeconomic related issues raised by our clients. This includes, for example, assessments of the macroeconomic impact of climate and adaptation policies (e.g. carbon prices, energy efficiency, infrastructure investment), as well as the economic and social costs of further global warming. The team is responsible for bespoke climate consultancy projects which usually run between one and six months which typically require a report, scenario analysis, long term economic forecasts and presentation of the results to our clients. It is also responsible for the Global Climate Service (GCS) which is a subscription product that provides our clients with regular research briefings and pre-defined climate scenarios.

The Climate Modelling and Scenarios team sits within the wider Scenarios and Modelling unit, which is responsible for modelling bespoke scenarios for a variety of purposes such as strategic planning, policy analysis or stress testing. Most of the team’s projects involve working with or developing Oxford Economics’ in-house macroeconomic model (the Global Economic Model, GEM). There will be opportunities to work across teams within the unit, including on projects with a pure international trade or macroeconomic focus.

About The Role Of The Senior Economist

The role of the Senior Economist is focused on the delivery and project management of macroeconomic and climate related consultancy projects. They will develop the methodology and project offering, conduct the analysis and present the results to our clients. As the post-holder becomes more confident in the post, they will be expected to work on multiple projects simultaneously. There would also be opportunity for the Senior Economist to oversee an Assistant Economist if they have prior management experience. The position holder will report to the Lead Economist for Climate Modelling and Scenarios.

A significant part of the role involves digesting the latest academic and grey literature to answer interesting client questions in the macroeconomic and climate space. As well as the implementation of quantitative models such as econometric analysis or scenario analysis using the GEM. Examples of recent climate consultancy projects include: 1) estimating the effects of the EU's climate policy on Finland's economy for a European trade union to understand its comparative advantage, 2) using macroeconomic climate scenarios to inform corporate strategy and meet Climate-related Financial Disclosure requirements, 3) using scenario analysis to model the macro-financial impacts of acute physical climate risks, such as a UK flood event, for regulatory stress testing purposes, and (4) assessing the economic impact of three different energy transition scenarios for a European fund manager to influence public policy.

The Senior Economist will benefit from Oxford Economics‘ learning and development offering and Career Progression Framework, which will support both their career aspirations and organisational goals.

Key Responsibilities

• Independently or collaboratively conducting research and literature reviews in the climate and macroeconomics field;
• Climate scenario analysis using our in-house macroeconomic model (the GEM), for a variety of end-uses such as impact assessment, strategic planning, stress-testing, policy design and regulation;
• Writing up economic research results in Word or PowerPoint reports for climate and macroeconomic consultancy projects;
• Contributing and implementing ideas that will improve the team’s modelling and research capabilities, such as on Oxford Economics’ climate damage function, our power and energy sector model or wider themes at the frontier of climate change economics;
• Keeping up-to-date with the latest climate policies, research and institutional reports, including the latest developments by the NGFS, the IEA and IPCC scenarios.
• Ensuring robust and rigorous economic analyses when carrying out consulting projects;
• Managing client queries regarding our consultancy research results;
• Giving overview presentations to prospective clients on the climate team’s consultancy capabilities;
• Line management of an economist including both task management and career development planning.

Essential

Skills, Knowledge & Expertise

• Strong academic education with a BA/ BSc in economics;
• An intuitive understanding of macroeconomics, and a keen personal interest in climate or wider environmental issues;
• Experience of economic analysis including econometrics and using applied macroeconomics models for forecasting and/or scenario analysis.
• Excellent written and verbal communication skills, including the ability to explain economic concepts and quantitative results, as well as their implications, to non-specialists;
• Attention to detail and a commitment to produce rigorous, accurate work, within the constraints of the time and resources available;
• Strong track record in developing client relationships;
• Good written and oral communication skills, including the ability to explain economic concepts and quantitative results and their implications, clearly and concisely
• Able to apply quantitative analytical techniques to datasets using software such as Excel, EViews, Stata, R and/or Python;
• Collegiate and collaborative mindset towards colleagues to achieve the organisational objectives and support team growth and development.

Desirable

• A postgraduate degree in economics or climate related discipline would be considered a plus;
• Experience in the management and development of employees;
• Experience contributing to business development and/or competitive bid writing in a consultancy environment;
• Experience with quantitative analysis in programming software, such as R or Python;

Equal Employment Opportunity (EEO)

Oxford Economics is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

Job Benefits

Here are some of the benefits we offer in the UK to ensure you feel valued, supported, and thrive at work:

• Private Healthcare
• Employee Assistance Program
• Enhanced Maternity and Paternity Leave
• Workplace Nursery Scheme
• Cycle to Work Scheme
• Hybrid/Flexible Working
• Team Gatherings and Connection Boost!