At a Glance
- Tasks: Lead the development of health economic models and manage projects to meet client needs.
- Company: Join a leading consultancy in health economics with a focus on innovation.
- Benefits: Competitive salary, professional growth opportunities, and a collaborative work environment.
- Other info: Dynamic role with opportunities to influence healthcare decisions and develop your career.
- Why this job: Make a real impact in healthcare by shaping economic strategies for health technologies.
- Qualifications: 8+ years in health economics with strong project management and leadership skills.
The predicted salary is between 60000 - 80000 £ per year.
Overview of this role: Oversee the development of complex health economic models for various health technologies, ensuring alignment with client needs and industry standards. Lead medium-scale projects, provide technical expertise, and contribute to business development activities.
Essential Knowledge and Experience You Will Require:
- Sound training and extensive experience in health economics including the conceptualization and development of cost-effectiveness and budget impact models (8+ years, ideally in a consultancy environment)
- Solid experience of managing modelling projects as well as experience leading/coaching a project team
- Experience of programming and software such as VBA, SAS, R is an advantage
- Keen interest in medical research, provision of healthcare and the pharmaceutical industry
Minimum Education Required:
- Master’s degree or equivalent in either life science or a quantitative discipline, such as health economics, economics, mathematics or statistics.
Skills:
- Deep expertise in health economic modelling (Excel/VBA, R)
- Solid understanding of HTA-relevant guidelines, techniques and methodologies
- Sound 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
Key Accountabilities Of This Position Include Supporting Activities:
- Project Execution – Provide high quality, timely, scientific/strategic solutions to meet client needs
- Check health economic models, using appropriate software tools, to elucidate and express the economic value of clients’ products
- Systematically search for health economic models published in the scientific literature as well as from HTA bodies
- Respond to model questions from clients and from authorities and provide senior models for review and approval
- Build simple CEMs and BIMs
- Oversee the development of health economic models, using appropriate software tools, to elucidate and express the economic value of clients’ products
- Systematically search for and synthesize disparate qualitative and quantitative health economic evidence, and interpret meaningfully
- Write, refine, review and critique sections of reports, journal manuscripts and other deliverables for client or external delivery
- Act as primary point of contact and Project Lead, providing guidance and instruction to junior team members while being supported by the Project Director (senior team member)
Business Development:
- Maintain and continue to grow a network of industry colleagues through relationships formed during project engagements or through other industry experience
- Actively participate in project scoping calls and proposal preparation
- May deliver sales presentations and participate in bid defence meetings when needed
- Contribute information to support the account planning process and integrated marketing programs
- Contribute ideas for approaches to new clients or new service offerings
Parexel-Related Responsibilities:
- Professional conduct at all working levels within a client organization and within Parexel
- Complete basic job-related responsibilities, including timesheets, expense reports, maintenance of CVs, project deliverable archiving, participation in internal initiatives/projects or as a mentor as requested by management
Senior Health Economics Modelling Consultant in London employer: Parexel
As a Senior Health Economics Modelling Consultant at our company, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. We offer competitive benefits, a collaborative culture that encourages innovation, and opportunities to lead impactful projects in the healthcare sector. Our commitment to professional development ensures that you will continually enhance your skills while making a meaningful contribution to improving health outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Health Economics Modelling Consultant in London
✨Unlock Networking Opportunities
Dive into industry-specific events like pharmaceutical conferences and seminars, where you can meet hiring managers from companies like Parexel. These are goldmines for making connections and learning about job openings before they hit the mainstream job boards.
✨Join Relevant Professional Bodies
Get involved with organisations such as the Royal Pharmaceutical Society or your local pharmaceutical professionals' network. Being an active member can boost your credibility and may even lead to job referrals in top organisations like Parexel.
✨Leverage Internships for Full-time Roles
If you can, consider pursuing internships in the pharmaceutical industry, especially with companies like Parexel. These opportunities often pave the way for full-time positions and allow you to demonstrate your capabilities firsthand.
✨Tailor Your Approach
When you're applying for roles, don't rush it! Take the time to customise your applications for specific positions, showcasing relevant skills and experiences that align with what Parexel is looking for. A tailored application can really make you stand out!
We think you need these skills to ace Senior Health Economics Modelling Consultant in London
Some tips for your application 🫡
Showcase Your Relevant Experience:When applying for a role in the pharmaceutical industry, it's crucial to highlight any relevant experience you have. Whether that's internships, lab work, or even related coursework, make sure to weave this into your CV and cover letter. We want to see how your background aligns with the role you're applying for at Parexel!
Emphasise Your Understanding of Regulations:The pharmaceutical industry is heavily regulated, so it's important to indicate your familiarity with industry standards and regulations. In your cover letter, mention any training or certifications you've received that are relevant, or discuss projects where you’ve navigated compliance. This will show Parexel that you're not just a fit for the job but also a safety-conscious candidate!
Tailor Your CV to Be Result-Driven:Craft your CV to highlight quantifiable achievements, especially if you have previous roles in pharmaceuticals or related fields. Use metrics to demonstrate your impact, such as improved processing times or successful project completions while working on trials. This analytical approach will resonate well with hiring managers at Parexel!
Convey Your Passion for the Industry:In your cover letter, express why you are passionate about working in the pharmaceutical sector. Whether it’s your desire to contribute to groundbreaking drug research or improve patient outcomes, let it shine through! At Parexel, we value candidates who are truly enthusiastic about their work—you might just stand out from the crowd.
How to prepare for a job interview at Parexel
✨Understand the Science
Make sure you brush up on key pharmaceutical concepts and recent developments in the industry. You might get asked some technical questions during the interview at Parexel that show your grasp of drug development processes or regulatory requirements, so be ready to discuss them clearly.
✨Showcase Relevant Experience
If you have any hands-on experience or internships in a laboratory setting, be sure to highlight these in your responses. Think about the projects you worked on, the methodologies you used, and the impact you made. It's all about telling a story that connects your background to the role you're applying for.
✨Know Their Products
Take some time to familiarise yourself with Parexel’s product range and recent breakthroughs. Understanding their portfolio not only shows your enthusiasm for the role but also allows you to ask insightful questions that demonstrate your interest in actively contributing to their projects.
✨Be Ready for Regulatory Scenarios
In a full-time pharmaceutical role, understanding the regulatory landscape is crucial. Prepare for situational questions that may test your problem-solving skills concerning compliance and safety standards. You could be asked how you'd handle a hypothetical issue regarding a drug’s market release, so think through your approach.