Health Economist

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

Job summary

A healthcare consultancy in Singapore is seeking a Health Economist to develop economic models for healthcare decisions. The role requires advanced Excel skills, a strong mathematical background, and excellent communication abilities. Benefits include hybrid working options, generous holiday allowance, and training funding. Ideal for motivated individuals looking to grow in a small team.

Benefits

S$4,500 per month starting salary

18 days annual leave plus public holidays

Private medical insurance

Flexible benefits scheme

Paid study leave

Comprehensive travel insurance

Flexible working hours

Qualifications

• Strong desire to contribute in the healthcare setting.
• Ability to explain complex modelling techniques to non-experts.
• Ability to work independently and collaboratively.

Responsibilities

• Develop economic models for healthcare resource allocation.
• Research and appraise medical and economic literature.
• Liaise with medical professionals and colleagues.

Skills

Excellent communication skills

Mathematics

Statistics

Excel

VBA

Organizational skills

Education

Undergraduate degree in relevant discipline

A-level in Mathematics (minimum B grade)

Postgraduate training in statistics or modelling

Tools

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.
• 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

Health 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.

Requirements

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.

• 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 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.

Desirable requirements:

• Formal degree-level or higher (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.

Benefits

• A starting salary of S$4,500 per month. This increases to S$4,700 for successful candidates who hold a master’s qualification and S$5,000 for those with a PhD.
• 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.

As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce. Throughout the recruitment process, we can provide a number of reasonable adjustments. If you require reasonable adjustments at any stage, please let us know.

We are currently recruiting for start dates from Q1 2026 and onwards. There is no set application deadline, but we recommend applying early. The role will close when suitable candidates are found.