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- Tasks: Lead health economics projects, mentor junior staff, and drive client relationships.
- Company: Dynamic consultancy focused on health economics and modelling.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Make a real impact in healthcare while advancing your career in a supportive team.
- Qualifications: 10-15+ years in health economics modelling and strong project leadership skills.
- Other info: Opportunity to influence industry standards and contribute to innovative health solutions.
The predicted salary is between 43200 - 72000 £ per year.
As a senior leader, a Principal Consultant in the HEOR modelling team has responsibility for building and maintaining relationships with clients, providing technical leadership and training to junior staff, generating and advocating thought leadership pieces, and leading the delivery of projects on time and to a high quality. In addition, the Principal Consultant has an important role in writing and presenting proposals to prospective clients, driving sales targets and NBA's.
Principal Consultants are senior technical and project leaders in the Health Economics & Modelling (HEM) team, with key responsibilities including:
- Providing advanced methodological and modelling leadership on complex projects
- Acting as Project Director on key engagements, assuring quality, timelines and financial performance
- Supporting account and client relationship management and contributing meaningfully to new business activities, driving business growth
- Taking a visible role in developing people, methods, and internal standards
Essential Knowledge & Experience You Will Require For This Role:
- 10-15+ years of health economics modelling experience, ideally with extensive consultancy experience
- Deep expertise across therapeutic areas, HTA jurisdictions and global market access
- Extensive experience as Project Director on complex, multi-jurisdictional projects
- Demonstrated experience supporting HTA submissions (e.g. NICE, SMC, CADTH, G-BA, others)
- Proven track record of successful business development and account growth
- Demonstrated thought leadership through publications, presentations or industry contributions
- Strong network within the pharmaceutical industry and the HTA community
- Experience coaching and line-managing (or de facto managing) junior staff is strongly preferred.
Skills Required:
- Deep expertise in health economic modelling (Excel/VBA, R)
- Advanced understanding of HTA-relevant guidelines, techniques and methodologies
- Proven ability to direct multiple projects in parallel
- Solid grasp of project financials (pricing, WIP, burn vs. budget, revenue recognition)
- Advanced expertise in generative AI tools for health economics modelling
- Exceptional client relationship and account management capabilities
- Proven influencing and negotiation skills, comfortable in discussing trade-offs and methodological decisions with senior client stakeholders
- Strategic business thinking and commercial acumen
- Outstanding written and oral communication across all organisational levels
- Results-oriented with a strong accountability mindset
- Leadership, coaching, and team-building capabilities
- Ability to motivate teams, set clear expectations, and give constructive feedback
- Calm under pressure; able to make pragmatic decisions in imperfect data environments
- Fluent English with a high degree of written accuracy; additional European languages advantageous
Education Requirements for this role:
- Master's degree in health economics, economics, life sciences, mathematics, statistics, or related quantitative discipline. Additional postgraduate training (e.g. PhD, MBA) is an advantage, but not essential.
Principal Consultant, Health Economics & Modelling employer: Parexel International
Contact Detail:
Parexel International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Consultant, Health Economics & Modelling
✨Tip Number 1
Network like a pro! Reach out to your connections in the health economics field and let them know you're on the lookout for new opportunities. A personal recommendation can go a long way in landing that Principal Consultant role.
✨Tip Number 2
Show off your expertise! Prepare a portfolio of your past projects, especially those involving complex modelling and HTA submissions. When you get the chance to chat with potential employers, share your successes and how you've driven business growth.
✨Tip Number 3
Practice your pitch! Whether it's a formal interview or an informal chat, be ready to discuss your approach to project management and client relationships. Highlight your leadership skills and how you've coached junior staff to success.
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who are genuinely interested in joining our team. Tailor your application to showcase how your skills align with the Principal Consultant role and the impact you can make.
We think you need these skills to ace Principal Consultant, Health Economics & Modelling
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in health economics and modelling. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant projects and achievements!
Showcase Your Leadership Skills: As a Principal Consultant, you'll be leading teams and projects. Use your application to demonstrate your leadership experience, especially in coaching junior staff and managing complex projects. We love seeing examples of how you've driven success in previous roles!
Highlight Your Technical Expertise: We’re looking for deep expertise in health economic modelling and HTA guidelines. Be sure to mention your proficiency with tools like Excel, R, and any generative AI applications you’ve used. This is your chance to shine a light on your technical skills!
Keep It Professional Yet Engaging: While we appreciate a friendly tone, remember that this is a professional application. Make sure your writing is clear, concise, and free of jargon. We want to see your personality, but also your professionalism. Apply through our website to make it official!
How to prepare for a job interview at Parexel International
✨Know Your Stuff
Make sure you brush up on your health economics modelling knowledge, especially in Excel/VBA and R. Be ready to discuss specific methodologies and how they apply to HTA submissions, as this will show your deep expertise and understanding of the field.
✨Showcase Your Leadership Skills
Prepare examples that highlight your experience as a Project Director and your ability to lead complex projects. Think about times when you’ve successfully managed teams, met tight deadlines, or navigated challenging client relationships—these stories will demonstrate your leadership capabilities.
✨Be Client-Centric
Since client relationship management is key for this role, come prepared with insights on how you’ve built and maintained strong client relationships in the past. Discuss your approach to understanding client needs and how you’ve driven business growth through these relationships.
✨Communicate Clearly
Practice articulating your thoughts clearly and concisely, especially when discussing complex topics. Given the importance of written and oral communication in this role, consider preparing a brief presentation on a relevant topic to showcase your communication skills during the interview.