Assistant Economist in Durham

Assistant Economist in Durham

Durham Full-Time 29800 - 34000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Conduct economic research and analysis to shape impactful tax policies.
  • Company: Join HM Treasury, a key player in UK economic policy.
  • Benefits: Enjoy flexible working, generous leave, and a strong pension scheme.
  • Why this job: Make a real difference in shaping the UK's tax system and policies.
  • Qualifications: Strong analytical skills and ability to communicate complex ideas simply.
  • Other info: Collaborative team environment with opportunities for professional growth.

The predicted salary is between 29800 - 34000 £ per year.

Salary: National: £34,820 - £40,000. If the successful candidate is a current Civil Servant joining on level transfer, HM Treasury will honour their current substantive salary if higher.

Contract Type: Permanent

Working Pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated.

Location: Darlington (Feethams House)

We are recruiting an Assistant Economist to join the Personal Tax, Welfare and Pensions team. This is an exciting role with analysis having a direct impact on policy work.

About the Team

The Personal Tax team covers a very broad range of exciting policies with sustained ministerial, parliamentary and media interest. The team leads on core elements of the UK tax system, including income tax, National Insurance contributions and inheritance tax, and plays a critical role in shaping policy at fiscal events. The Personal Tax team is responsible for income tax, National Insurance contributions (NICs), the apprenticeship levy, inheritance tax and other aspects of the personal tax system. Total personal tax receipts exceed £400bn, so our policies are fundamental in fiscal and economic importance to the Treasury and of significant interest to the Chancellor and other ministers.

About the Job

The postholder is one of a few economists embedded in the tax teams, and working on crosscutting projects. You will have the opportunity to work side-by-side with policy professionals to ensure that economic theory and analysis is embedded in their policy work, and that real time data (notably tax receipts) is understood and incorporated into their work.

The key responsibilities of the post-holder will be:

  • Conducting economic research, modelling and analysis for leads and ministers. These will encompass longer term research projects and rapid modelling to support policy making.
  • Working with teams across HMT at Budgets to provide data and analysis that informs policy decisions and is then used appropriately when those policies are announced.
  • Maintaining and improving the modelling capability of the branch.
  • Monitoring and analysis of personal tax receipts, ensuring regular updates are provided to seniors and ensuring policies teams fully understand movements in the data.
  • Identify and analyse the potential fiscal impacts of trends and behaviours e.g. the changing nature of the labour market to help shape policy development in both the short and medium term.
  • Working in close collaboration with HMRC (especially the Knowledge, Analysis and Intelligence team), specialists across the Department and external partners; building effective relationships in multiple teams and at various grades.
  • Working flexibly across team to support urgent priorities as they emerge.
  • Leading on managing the student loan book.
  • Helping to implement DfE’s Spending Review settlement and the Post-16 Skills White Paper.
  • Devising a Higher Education Strategy for the next spending review.

About You

We are looking for people who have the ability to synthesise a wide range of evidence to inform decision-making, demonstrating excellent judgement. You will also have excellent communication skills and be able to explain economic concepts or data to a non-expert audience, quickly and effectively. You will also have the ability to work across multiple priorities, effectively managing time and ensuring successful outcomes.

Some of the Benefits our people love!

  • 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday.
  • Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month.
  • Flexible working patterns (part-time, job-share, condensed hours).
  • Generous parental and adoption leave packages.
  • Access to a generous Defined Benefit pension scheme with employer contributions of 28%.
  • Access to a cycle-to-work salary sacrifice scheme and season ticket advances.
  • A range of active staff networks, based around interests and diversity.

For more information about the role and how to apply, please follow the apply link.

Assistant Economist in Durham employer: HM TREASURY-1

HM Treasury is an exceptional employer, offering a collaborative and open work culture that values flexibility and employee growth. Located in Darlington, the role of Assistant Economist provides unique opportunities to engage directly with policy-making, supported by generous benefits such as flexible working patterns, extensive leave, and a robust pension scheme, ensuring a meaningful and rewarding career path.
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Contact Detail:

HM TREASURY-1 Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Economist in Durham

✨Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching the company and the role thoroughly. Understand their recent projects and how your skills can contribute. This will help you stand out and show that you're genuinely interested in the position.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on articulating your thoughts clearly and confidently, especially when discussing economic concepts relevant to the role.

✨Tip Number 4

Don’t forget to follow up after interviews! A simple thank-you email can leave a lasting impression and keep you on their radar. Plus, it shows your enthusiasm for the role and appreciation for their time.

We think you need these skills to ace Assistant Economist in Durham

Economic Research
Data Analysis
Modelling Skills
Communication Skills
Policy Analysis
Collaboration
Time Management
Judgement
Understanding of Tax Systems
Behavioural Analysis
Stakeholder Engagement
Project Management
Adaptability
Problem-Solving Skills

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Assistant Economist role. Highlight your relevant experience and skills that align with the job description, especially in economic research and analysis.

Showcase Your Skills: Don’t just list your qualifications; demonstrate how you've used them in real-world scenarios. Use examples that reflect your ability to synthesise evidence and communicate complex economic concepts clearly.

Be Concise and Clear: Keep your application straightforward and to the point. Use clear language and avoid jargon where possible, making it easy for the hiring team to see your potential fit for the role.

Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure your application gets seen by the right people and helps us keep track of all applicants efficiently.

How to prepare for a job interview at HM TREASURY-1

✨Know Your Economics

Brush up on key economic concepts relevant to the role, especially those related to personal tax and welfare. Be prepared to discuss how these concepts apply to current policies and recent changes in the UK tax system.

✨Showcase Your Analytical Skills

Prepare examples of your previous work involving economic research or modelling. Highlight how your analysis has influenced decision-making or policy development, as this will resonate well with the interviewers.

✨Understand the Team's Impact

Familiarise yourself with the Personal Tax team's recent projects and their implications on fiscal policy. Being able to discuss how your role could contribute to ongoing initiatives will demonstrate your genuine interest in the position.

✨Communicate Clearly

Practice explaining complex economic ideas in simple terms. The ability to convey your thoughts clearly to non-experts is crucial, so consider mock interviews where you explain your analysis to someone outside the field.

Assistant Economist in Durham
HM TREASURY-1
Location: Durham

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