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For Companies At a Glance
- Tasks: Join our economic forecasting team to design and run models while tackling exciting challenges.
- Company: The Scottish Fiscal Commission provides independent forecasts to enhance transparency in Scotland's budget management.
- Benefits: Enjoy flexible working hours, hybrid options, and a supportive, inclusive environment.
- Why this job: Make a real impact on public finances while developing your analytical skills in a dynamic setting.
- Qualifications: A first or upper second class degree in a numerate subject is required; equivalent experience may also be accepted.
- Other info: Part-time options available; office located in central Edinburgh with occasional in-person attendance.
The predicted salary is between 28800 - 48000 £ per year.
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.
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 silvia.palombi@fiscalcommission.scot
Apply Before: 29th June (23:59)
Analyst – Economics employer: THE SCOTTISH GOVERNMENT
Contact Detail:
THE SCOTTISH GOVERNMENT Recruiting Team
silvia.palombi@fiscalcommission.scot
StudySmarter Expert Advice 🤫
We think this is how you could land Analyst – Economics
✨Tip Number 1
Familiarise yourself with the key economic forecasting models and techniques. Understanding these will not only help you in interviews but also demonstrate your proactive approach to learning, which is highly valued in this role.
✨Tip Number 2
Network with professionals in the field of economics and forecasting. Engaging with current analysts or attending relevant seminars can provide insights into the role and may even lead to valuable connections that could support your application.
✨Tip Number 3
Prepare to discuss how you would communicate complex economic data to various audiences. This role requires strong communication skills, so think of examples where you've successfully conveyed intricate information in an accessible way.
✨Tip Number 4
Stay updated on current economic trends and issues, particularly those affecting Scotland. Being knowledgeable about recent developments will show your genuine interest in the role and the organisation's mission during interviews.
We think you need these skills to ace Analyst – Economics
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications and experience relevant to the role of Analyst in Economics. Emphasise your knowledge of economics and forecasting, as well as any analytical techniques you've used.
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 communicating, influencing, and working together.
Showcase Your Analytical Skills: Since the role involves designing and running economic forecasting models, mention any relevant projects or experiences where you've successfully gathered, analysed, and presented data. This will help you stand out during the initial sift.
Proofread Your Application: Before submitting, carefully proofread your CV and supporting statement for any errors or unclear language. A polished application reflects your attention to detail and professionalism, which are crucial for an analyst role.
How to prepare for a job interview at THE SCOTTISH GOVERNMENT
✨Understand Economic Forecasting
Even if you don't have extensive experience in economic forecasting, it's crucial to familiarise yourself with the basics. Brush up on key concepts and methodologies that are commonly used in the field, as this will show your enthusiasm and willingness to learn.
✨Prepare Your Success Profile Evidence
Make sure to prepare specific examples from your past experiences that demonstrate your knowledge of economics and analytical techniques. Be ready to discuss how you've gathered, analysed, and presented data in previous roles, as this aligns directly with the lead criterium.
✨Communicate Clearly and Effectively
Since the role involves communicating forecasts to various stakeholders, practice articulating complex ideas in a simple and engaging manner. Think about how you can present your findings clearly, as this will be a key part of your assessment.
✨Showcase Your Teamwork Skills
The job requires working closely with others, so be prepared to discuss your experiences in collaborative environments. Highlight instances where you've successfully worked in teams, managed relationships with stakeholders, or contributed to group projects.
