Health Economist

Costello Medical; Singapore; Hybrid; SGD 60,000 - 80,000; Full time

Job summary

A leading global healthcare agency in Singapore is seeking a Health Economist to develop economic models for healthcare resource allocation. The ideal candidate should have a strong educational background in mathematics or economics and advanced skills in Excel. This role offers a salary of S$4,500 per month along with hybrid work options, generous holidays, and opportunities for professional development.

Benefits

Hybrid working options

Generous holiday allowance

Flexible working hours

Private medical insurance

Comprehensive travel insurance

Funding for external training

Qualifications

• Undergraduate degree in a relevant discipline like mathematics, economics, or statistics.
• Strong skills in Excel and some programming knowledge.
• Excellent written and oral communication skills.

Responsibilities

• Develop economic models for healthcare resource allocation.
• Engage with medical professionals for project insights.
• Produce written reports on modeling results.

Skills

Communication skills

Mathematical ability

Statistical analysis

Excel proficiency

Team collaboration

Education

Undergraduate degree in relevant discipline

A-level in Mathematics (B grade)

Tools

Microsoft Excel

R

C++

Job description

Role Summary

• Responsibilities: You will be responsible for developing economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicating these insights to a variety of stakeholders
• Salary: S$4,500 per month, depending on your previous experience
• Benefits: Hybrid working options, generous holiday allowance, flexible working hours, private medical insurance, comprehensive travel insurance, full funding for external training and more
• Role Type: Full-time, permanent
• Start Date: We are currently recruiting for start dates from Q1 2026
• Location: Our new recruits will be based in our Singapore office

About the Role

Heath Economists at Costello Medical develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicate these insights to a variety of stakeholders in the healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models are typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques. Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics. In this role, you will typically be working on multiple projects at any one time, starting at around 3 to 4 when joining.

The models developed by our Health Economists have real-world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making. Producing an economic evaluation therefore requires Health Economists to:

• Research and critically appraise medical and economic literature
• Liaise with external medical professionals
• Work collaboratively with colleagues across healthcare disciplines
• Understand the theoretical health economic framework and apply this to the project at hand
• Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software
• Interpret and analyse model results, producing technically accurate written reports of methodologies and outcomes

The Health Economist will be based in our Singapore office, and will work closely with our Asia-Pacific team, as well as collaborating with experts in our UK team. This may provide opportunities to travel to our UK offices for training and mentoring with our experienced team.

A Day in the Life of a Health Economist

To learn more about a typical day for a Health Economist at Costello Medical, please click here: https://www.costellomedical.com/day-in-the-life/he...

Career Profile

We offer many opportunities for personal and professional development at Costello Medical. Please click below to read first-hand accounts from our colleagues about their time with the company: https://www.costellomedical.com/careers/working-at-costello-medical/

About You

This role is well-suited to individuals with excellent communication skills who enjoy using mathematics and statistics to problem-solve and answer real world questions relating to the economic impact of decisions in healthcare. Applicants should have a genuine interest in the healthcare industry and a strong desire to contribute in this setting.

Our Singapore team of Health Economists is small but growing. We are therefore looking for someone who is motivated at the prospect of shaping and evolving this team.

Essential requirements for the role are:

• An undergraduate degree level qualification in a relevant discipline (minimum CAP 4/5 or equivalent). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics, statistics or computer science
• A-level in Mathematics (minimum B grade or equivalent)
• Advanced skills in Excel and knowledge of VBA. A willingness to learn and improve technical and programming skills is important for the role
• Excellent written and oral communication skills and the ability to explain complex modelling techniques and results to non-experts
• The ability to use your initiative and work independently, in addition to working collaboratively within project teams
• A high degree of accuracy and attention to detail in both quantitative and qualitative settings
• Strong organisational skills, the ability to plan your own work effectively and the flexibility to respond to changing deadlines
• Integrity, a proactive approach to your work, and a keen interest in developing your skills

Desired requirements for the role are:

• Formal degree-level or higher (i.e postgraduate) training in statistics or modelling (minimum CAP 4/5 or equivalent)
• Familiarity with other software (such as R, C++, STATA)
• Experience of having applied economic and mathematical modelling techniques in an industry setting

About Costello Medical

Costello Medical is a rapidly growing global healthcare agency specialising in medical communications, market access and health economic and outcomes research. We work with a wide range of clients, including the industry’s most successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organisations. Our lasting client partnerships create a direct and measurable impact on the successful launch of novel therapies and devices across a wide range of disease areas. Our vision is to be a community of the very best people, constantly challenging ourselves to make meaningful and outstanding contributions to improving healthcare.

We are committed to our company values which are central to creating our fun, friendly and innovative workplace in which we strive to deliver the highest standards of quality. As a result, we have been listed in The Top 100 Companies to Work For list for five consecutive years. Additionally, our Singapore office has been certified as a Great Place to Work, recognising our commitment to a positive workplace culture, employee experience, and benefits.

On 27th May 2022 Costello Medical received its certification as a B Corporation. We are really proud of this achievement as it demonstrates that Costello Medical is meeting the highest standards of verified social and environmental performance. We underwent a rigorous assessment that covered the whole of our business including employee benefits, charitable giving and sustainability. We believe this certification is external validation of our mission to be a force for good.

The Recruitment Process

Our recruitment process includes a video interview which can be conducted at your own convenience with the given time frame. Following this, you will also be sent a technical and proofreading assessment. If successful, you will be invited to an interview which will include a short presentation you can prepare for in advance. Our standard recruitment process lasts around 6 weeks however, this is adapted if necessary.

As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce and, throughout the recruitment process, there are a number of reasonable adjustments we can provide. Please read more about this and contact the People Team via recruitment at costellomedical dot com should you require reasonable adjustments at any stage.

We are currently recruiting for start dates from Q1 2026 and onwards. You will be asked to state your availability on your application form. Whilst there are no set application deadlines, we strongly recommend applying as early as possible so that we can begin processing your application. The role will close when suitable candidates are found.

Please note that this role is available in our Singapore office. You can learn more about our office locations here: www.costellomedical.com/careers/locations

What We Offer

• A starting salary of S$4,500 depending on your previous experience
• 18 days’ annual leave plus public holidays
• Private medical insurance
• Flexible benefits scheme offering additional holiday, cash payments and wellbeing benefits
• Paid study leave and funding for external qualifications
• Comprehensive travel insurance
• Flexible working hours
• Regular company-funded social activities

Please click here to learn about our reward package and the other benefits of working for Costello Medical: https://www.costellomedical.com/careers/benefits-p...

How to Apply

You are required to submit your CV and a cover letter via our online application form. In your cover letter, you must explain why you think you would be suited to the role and why you would like to join Costello Medical, with examples to support both. As written communication is a vital skill for this role, if your cover letter is suspected to have been generated by Artificial Intelligence (AI), your application is likely to be disqualified. Your CV should clearly state the dates of all qualifications and grades achieved where applicable.

Please contact the Talent Acquisition team at recruitment at costellomedical dot com if you have any questions about the role or application process.

Visa Sponsorship

Please note that we are unable to support work pass applications for our Health Economist role and you will therefore need the right to work in Singapore independently from the company.