Ofcom

Economic and Financial Modelling Advisor

ID
2017-1635
UK-Edinburgh or London
Group
Competition
Salary Details
Competition
Job Type
Full Time - Permanent
Job Level
Associate
Contract Duration
Full Time - Permanent
Closing Date
10/11/2017

About the Job

Ofcom is the independent regulator and competition authority for the UK communications sectors. Our work provides an opportunity to shape and deliver changes in the communications market that have a direct and immediate impact on consumers. We regulate the TV and radio sectors, fixed line and mobile telecoms, postal services, plus the airwaves over which wireless devices operate, always with the aim of furthering the interests of UK citizens and of consumers. As part of Ofcom, the Competition Group is focused on identifying and responding to competition issues in all these sectors.

 

As part of the financial economics team, you will work in a supportive multi-disciplinary environment where you will ensure that our policies have a sound financial basis by delivering trusted financial insight and robust analysis and modelling. You will have the opportunity to work across the different communication markets we regulate and will be able to further develop your expertise through working on a wide range of novel and challenging issues.

 

We recognise that not everyone has the same needs and we strive to offer flexible working arrangements to help manage work and personal commitments. We have family friendly policies that actively seek to support our colleagues and enable our teams to work in the most effective way.

What you will be doing

Your work will be project based, with a mix of short assignments, small projects with teams made up of a few people and larger, and longer projects with teams of ten or more colleagues. Economic and financial modelling advisors play a central role in developing and applying regulatory policy, promoting competition and carrying out market investigations. You will work collaboratively with other economic modellers, accountants, lawyers, technical experts and policy specialists to provide relevant and reliable financial analysis in a straightforward and robust manner. For those with a strong background in economics, there are opportunities to combine modelling work with a broader economic advisor role.

 

Economic and financial modelling advisors have recently contributed to Ofcom’s work in the following ways:

  • Developing ways to forecast costs in order to implement charge control remedies for Openreach’s fixed broadband and voice services[1].
  • Supporting an investigation into Openreach’s compensation payments for delays in connecting customers with its high-speed business lines[2].
  • Assessing at what level we can set Openreach’s quality of services targets for broadband and telephone services in the UK[3].
  • Developing proposals for protecting consumer who only use their landline for voice calls from excessively high charges[4].
  • Helping to assess the financial sustainability of Channel 4 to ensure it is well-placed to continue delivering its Public Service Broadcaster remit[5].

The team is made up of colleagues with backgrounds in economics and accountancy, with experience in consultancy, government, academia, other regulators and in industry. Associates have typically had some experience of working in a professional setting. They will act as a point of contact for project teams on economic and modelling issues, will lead the delivery of the financial input to smaller projects and participate in stakeholder meetings. As part of their work, they will manage the inputs of others, for example, providing constructive and insightful review of economic and spreadsheet modelling work within the team.

Essential Skills / Experience

  • Knowledge of economic and financial spreadsheet modelling techniques: You will need to have an understanding of a range of economic and financial spreadsheet modelling and data analysis techniques. You will need to be able to apply these techniques to real world problems. Experience of using Excel or Stata is essential.
  • Collaboration and communication skills: Strong writing skills with ability to draw complex ideas into clear and focused documents. Ability to present your financial analysis in a clear, straightforward manner and a willingness to consider and respond to alternative views offered by colleagues and stakeholders
  • Personal workload and project management skills: Ability to organise and prioritise a challenging workload and take responsibility for specific work tasks.
  • Experience: You will need to demonstrate that you have experience of applying your modelling skills to financial or economic problems.

Desirable Skills / Experience

Experience of the communications industries could be an advantage, but there will be opportunities to develop this expertise in role.

Further Information

Ofcom offers competitive salaries plus pensions and flexible benefits package.                                   

 

Ofcom is an equal opportunities employer and committed to equality of opportunity for all. As a disability confident employer, all disabled candidates who meet all the essential criteria of a job description will be guaranteed an interview. If you have a disability or special need and wish to request a reasonable adjustment at any stage of the recruitment process please do so by contacting Recruitment@ofcom.org.uk or calling us on 020 7783 4050.

 

Find out more about our approach to diversity and inclusion

 

 

 Stonewall BITC - Gender BITC - Race FINAL Top50Employers 2017 Business Disability Forum Disability confident IET-YWE-Award-2016-SPONSOR-lge

 

 

 

 

 

 

 

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