Analyst – Economics

Analyst – Economics

Full-Time 28800 - 48000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Design and run economic forecasting models while tackling exciting new challenges.
  • Company: Join the Scottish Fiscal Commission, enhancing transparency in Scotland's public finances.
  • Benefits: Enjoy flexible working hours, hybrid options, and a supportive team environment.
  • Why this job: Make a real impact on Scotland’s budget and develop your analytical skills.
  • Qualifications: A degree in a numerate subject is required; experience in analysis is a plus.
  • Other info: Part-time roles available; commitment to diversity and inclusion.

The predicted salary is between 28800 - 48000 £ per year.

Join to apply for the Analyst – Economics role at The Scottish Government

Join to apply for the Analyst – Economics role at The Scottish Government

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The Scottish Government provided pay range

This range is provided by The Scottish Government. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Are you an analyst with a background in economics and an interest in forecasting?
The Scottish Fiscal Commission is recruiting to fill a post in its economic forecasting team.
You will work closely with the senior analyst to design, build and run economic forecasting models. You will lead on discrete projects, tackling new forecasting challenges arising from national and global developments. You will help in developing a narrative around these forecasts and communicating the forecasts to colleagues, the Commissioners and stakeholders. You will also gain experience in communicating with a range of audiences, managing a programme of analytical work and developing analytical expertise. You do not need extensive understanding of economic forecasting as you will learn the necessary skills on the job.
Responsibilities

  • Design, build and run economic forecasting models.
  • Work on the Commission’s key publications including forecast reports and forecast evaluation reports. Ensure the work of the Commission is clearly presented and accessible to a wide range of audiences.
  • Take responsibility for your learning and development so you can continue to build and develop the work of the team.
  • Help build positive working relationships with stakeholders including the Scottish Government and the Office for Budget Responsibility.

Qualifications
You should have a first or upper second class degree or postgraduate qualification in a numerate subject, for example: statistics, economics, actuarial science. Other qualifications or experience equivalent to these may also be acceptable; if you are in any doubt please contact Silvia Palombi. Please make it clear how your qualifications or experience meet this criteria on your CV.
Success Profile
Success profiles are specific to each job and they include the mix of experience and behaviours candidates will be assessed on.
Experience

  • Lead Criterium: Knowledge of economics and forecasting.
  • Experience as an analyst and an understanding of analytical techniques, gathering, analysing and presenting data.

Behaviours

  • Changing and Improving – (Level 3)
  • Delivering at Pace – (Level 3)
  • Working Together – (Level 3)
  • Communicating and Influencing – (Level 3)

You can find out more about Success Profiles Behaviours, here.
How To Apply
Apply online, providing a CV and Supporting Statement (of no more than maximum 1000 words) which provides evidence of how you meet the experience and behaviours listed in the Success Profile above.
In the event of a high number of applications, an initial sift will be conducted using the CV and Supporting Statement on the Lead Criterium Experience 1 as listed above.
Candidates who pass the initial sift will have their applications fully assessed against all remaining criteria, which includes the 2nd Experience criterium and all 4 Behaviours listed in the Success Profile above.
If successful at application sift, you will be invited to an assessment and interview where we will test all criteria listed in the Success Profile.
If invited for further assessment, this will consist of an interview and Analysis Exercise, and will take place virtually.
Assessments are scheduled for 14th, 15th, 16th, 17th, 21st and 22nd July however this may be subject to change.
About Us
We produce independent, robust forecasts and assessments to improve the transparency and scrutiny of the Scottish Budget. Our forecasts are vitally important to the setting of Scotland’s Budget and you’ll get the opportunity to have a real impact on how Scottish public finances are managed. We are independent of the Scottish Government and we give the answers to questions like:

  • How much money will the Scottish Government get from taxes?
  • How much will social security payments cost?
  • What will climate change and aging population mean for public finances?
  • Which spending decisions now could build up in the future?

Our deep, impartial scrutiny and clear explanations bring transparency to the Scottish Government’s financial decisions. Find out more about us at: Staff Vacancies | Scottish Fiscal Commission.
Our staff are part of the UK Civil Service, so we follow the Civil Service Nationality Rules.
We offer a supportive and inclusive working environment and we align with the Scottish Government\’s employment terms and conditions. You can find out more about those on the Scottish Government\’s careers website.
Working Pattern
Our standard hours are 35 hours per week, but we also support part-time working. If the top candidate is part-time we will endeavour to adjust duties accordingly where possible.
We offer flexible working hours between 7am and 7pm, Monday to Friday.
We offer hybrid working. Our office is in central Edinburgh (EH1 3DE) and generally you can choose whether to work there, from home or a mixture of both. You would be expected to attend the office in person sometimes for all-staff days, all-team days or specific training events. We anticipate this would be around once a week. If you have specific questions please contact us.
Equality Statement
We are committed to equality and inclusion and we aim to recruit a diverse workforce that reflects the population of our nation.
Find out more about our commitment to diversity and how we offer and support recruitment adjustments for anyone who needs them.
Further Information
Find out more about our organisation, what we offer staff members and how to apply on our Vacancies Page.
The Scottish Government provides our HR service and their Candidate Guide gives further information on the recruitment and application processes.
For more information, please contact Silvia Palombi at
Apply Before: 29th June (23:59)

Seniority level

  • Seniority level

    Entry level

Employment type

  • Employment type

    Part-time

Job function

  • Job function

    Finance and Sales

  • Industries

    Government Administration

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Analyst – Economics employer: THE SCOTTISH GOVERNMENT

The Scottish Government offers a dynamic and inclusive work environment where analysts can thrive in their careers while contributing to the vital task of economic forecasting. With flexible working hours, hybrid work options, and a commitment to employee development, you will have the opportunity to grow your analytical skills and make a meaningful impact on Scotland's public finances from our central Edinburgh office. Join us to be part of a supportive team that values transparency and collaboration in shaping the future of Scotland.
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Contact Detail:

THE SCOTTISH GOVERNMENT Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Analyst – Economics

Tip Number 1

Familiarise yourself with the key economic concepts and forecasting models relevant to the role. This will not only help you understand the job better but also allow you to engage in meaningful conversations during interviews.

Tip Number 2

Network with professionals in the field of economics and forecasting. Attend relevant seminars or webinars, and connect with current or former employees of The Scottish Government to gain insights into their work culture and expectations.

Tip Number 3

Prepare for the assessment by practising analytical exercises similar to those you might encounter in the interview. This could include data interpretation tasks or case studies that require you to apply your economic knowledge.

Tip Number 4

Demonstrate your ability to communicate complex information clearly. Think about examples from your past experiences where you've successfully conveyed technical details to non-experts, as this is a crucial skill for the role.

We think you need these skills to ace Analyst – Economics

Economic Analysis
Forecasting Techniques
Data Analysis
Statistical Modelling
Communication Skills
Report Writing
Stakeholder Engagement
Project Management
Attention to Detail
Problem-Solving Skills
Team Collaboration
Adaptability
Numerical Proficiency
Presentation Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your qualifications and experience relevant to the Analyst – Economics role. Emphasise your knowledge of economics, analytical techniques, and any relevant projects you've worked on.

Craft a Strong Supporting Statement: In your supporting statement, clearly demonstrate how you meet the experience and behaviours outlined in the Success Profile. Use specific examples from your past work or studies to illustrate your skills in economic forecasting and data analysis.

Highlight Relevant Qualifications: Clearly state your degree or postgraduate qualification in a numerate subject. If you have other relevant qualifications or experiences, make sure to mention them and explain how they relate to the job requirements.

Proofread Your Application: Before submitting, carefully proofread your CV and supporting statement for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism.

How to prepare for a job interview at THE SCOTTISH GOVERNMENT

Understand Economic Forecasting

Make sure you have a solid grasp of economic principles and forecasting techniques. Brush up on key concepts and be prepared to discuss how they apply to real-world scenarios, especially in relation to the Scottish economy.

Showcase Analytical Skills

Be ready to demonstrate your analytical abilities. Prepare examples from your past experiences where you've successfully gathered, analysed, and presented data. This will help illustrate your capability to handle the responsibilities of the role.

Communicate Clearly

Since the role involves communicating forecasts to various stakeholders, practice articulating complex ideas in a clear and concise manner. Think about how you would explain your findings to someone without an economics background.

Prepare for Behavioural Questions

Expect questions that assess your behaviours, such as teamwork and adaptability. Use the STAR method (Situation, Task, Action, Result) to structure your responses, highlighting how you've worked collaboratively and managed challenges in previous roles.

Analyst – Economics
THE SCOTTISH GOVERNMENT
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