At a Glance
- Tasks: Lead health economics projects and mentor junior staff while driving business growth.
- Company: Join Parexel, a leader in improving global health through innovative solutions.
- Benefits: Competitive salary, professional development, and the chance to make a real impact.
- Other info: Dynamic role with opportunities for leadership and career advancement.
- Why this job: Shape the future of healthcare and contribute to meaningful patient outcomes.
- Qualifications: 10-15 years in health economics modelling with strong consultancy experience.
The predicted salary is between 80000 - 100000 £ per year.
When our values align, there's no limit to what we can achieve. At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do. Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.
Job Purpose: 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
At Parexel FSP, we pride ourselves on being an exceptional employer, offering a dynamic and supportive work environment for our IRT Vendor Start-up Manager role. With a focus on employee growth and development, we provide comprehensive training and opportunities to collaborate with industry experts, all while enjoying the flexibility of a home-based position in the UK or Ireland. Our commitment to excellence and innovation ensures that you will be part of a team that values your contributions and fosters a culture of success.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Consultant, Health Economics & Modelling
✨Network Like a Pro
Get out there and connect with people in the health economics field! Attend industry events, webinars, or even local meetups. Building relationships can open doors to opportunities that aren’t advertised.
✨Showcase Your Expertise
Don’t just list your skills; demonstrate them! Share your insights on platforms like LinkedIn or through blogs. This not only showcases your knowledge but also positions you as a thought leader in health economics.
✨Prepare for Interviews
Research the company and its projects thoroughly. Be ready to discuss how your experience aligns with their goals. Practise common interview questions and prepare some thoughtful questions of your own to show your interest.
✨Apply Through Our Website
When you find a role that excites you, apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Principal Consultant, Health Economics & Modelling
Some tips for your application 🫡
Show Your Passion:When writing your application, let your passion for health economics and improving patient outcomes shine through. We want to see that you care about the work you do and how it impacts real lives.
Tailor Your Experience:Make sure to highlight your relevant experience in health economics modelling and consultancy. We’re looking for specific examples that demonstrate your expertise and how you've successfully led projects in the past.
Be Clear and Concise:Keep your writing clear and to the point. We appreciate well-structured applications that are easy to read. Avoid jargon unless it's necessary, and make sure your key achievements stand out.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Parexel
✨Know Your Stuff
Make sure you brush up on health economics modelling and the latest HTA guidelines. Be ready to discuss your past projects in detail, especially those that showcase your leadership and technical skills. This will show that you’re not just familiar with the field but are also a thought leader.
✨Showcase Your Leadership Skills
As a Principal Consultant, you'll need to demonstrate your ability to lead teams and manage projects. Prepare examples of how you've successfully coached junior staff or directed complex projects. Highlight your experience in driving business growth and maintaining client relationships.
✨Be Client-Centric
Since client relationship management is key, think about how you can convey your understanding of client needs. Prepare to discuss how you've influenced stakeholders and navigated negotiations in the past. This will help you stand out as someone who truly understands the importance of empathy in consulting.
✨Practice Your Communication
With the role requiring exceptional written and oral communication, practice articulating your thoughts clearly and concisely. Consider preparing a short presentation on a relevant topic in health economics to demonstrate your expertise and communication skills during the interview.
