Principal Economic Adviser

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To apply for this position please email your CV to ruaidhri.magee@ssro.gov.uk
Organisation
Single Source Regulations Office
Locations

London, United Kingdom

Application Deadline
Salary
£82,500

Salary: Up to £82,500 and Civil Service Pension + Zones 1-6 London oyster card + 30 days holiday and bank holidays. A higher salary may be available for exceptional candidates

Sector: Non-Departmental Public Body

Location: London

Closing Date: 27 September at 13:00

Principal Economic Adviser

An exciting opportunity for an experienced economist has arisen within the team at the Single Source Regulations Office – the body tasked with regulating the UK government’s ‘single source’, or non-competitive, procurement of military goods, works and services.

The SSRO is a public body that supports the regulatory framework for single source defence contracts. The framework places controls on contract prices and requires transparency from defence contractors. Some of the UK’s most significant defence projects are procured under this framework. In carrying out its functions, the SSRO aims to ensure that government obtains good value for money in its expenditure on qualifying defence contracts, and that contractors are paid fair and reasonable prices.

This role is central to delivering the SSRO’s statutory functions and aims. You will collaborate with colleagues on some of the SSRO’s highest profile work, including the publication of guidance for the MOD and contractors on the pricing of single source contracts and recommendations to the Secretary of State on the profit rates that should apply to those contracts. This is an outward-facing role and you will interact regularly with officials in the Ministry of Defence and representatives from the global defence industry.

The ideal candidate will have experience of delivering high quality economic advice which supports strategic and operational objectives. You will be a confident and articulate communicator, both in person and in writing, and able to make an impact by applying your economic skills to continuously improve the regulation of defence contracts. A collaborative approach to working and the ability to establish your credibility as an authoritative voice will be important to succeeding in the role.

We would be particularly interested in candidates who can demonstrate a track record in:

  • development of price controls in regulated industries,
  • transfer pricing,
  • cost benefit analysis and regulatory impact assessments in the context of economic or competition regulation, or
  • detailed economic analyses of firms, industries, and markets with a focus on defence.

You will report to the Head of Pricing and Economics in the Operations Directorate and line manage a Regulatory Economic Adviser. You will be an important part of a dynamic organisation. Our staff have a range of professional skills, and include accountants, lawyers, analysts, economists, and military experts. We are a highly able, committed, and collaborative team with a culture of continuous improvement in how we deliver our work.

The role will require you to undergo national security vetting to the level of Security Check (SC).

Applying for the position

To be considered, please submit:

  • A supporting statement of no more than 2 pages, clearly explaining how you meet the essential and desirable criteria as outlined in the person specification, using suitable examples; and
  • Your CV setting out your qualifications and experience. This should indicate any professional bodies of which you are a member. You may also attach to you application any relevant learning and development logs.
  • As part of the interview process you will be required to submit a written piece of work and provide a short presentation. The details of this will be provided to you should you be invited to interview for the role.

Applications that do NOT contain a supporting statement will be rejected. Applications need to be sent to our HR Manager, Ruaidhri Magee ruaidhri.magee@ssro.gov.uk alongside your equality monitoring form.

What will I be doing?

Responsibilities

  • Provide trusted and reliable economic advice to lead delivery of the SSRO’s functions, including to colleagues, the Board, MOD officials and defence industry representatives.
  • Contribute to development of the SSRO’s strategic direction and help achieve its statutory aims, by providing thought-leading, expert input to the preparation of plans, strategies and policies.
  • Improve the single source regulatory framework by developing practical, evidence-based methodologies and guidance that combines economic, commercial, and technical concepts in a way that can be understood and applied by parties to single source contracts and other stakeholders.
  • Direct, review and advise on economic and financial analysis and its interpretation for the benefit of the single source regime.
  • Lead complex projects and take responsibility for delivering high quality, timely outputs, including in relation to: guidance on allowable costs and profit adjustments; assessment of the appropriate baseline profit rate for single source contracts; guidance on reporting financial and contract information to the SSRO; questions referred to the SSRO for opinion or determination; opportunities to ensure value for money and fair and reasonable prices.
  • Take full responsibility for delivering high quality, timely outputs.
  • Recruit the right people, manage them effectively and inspire them to deliver their best.
  • Collaborate with staff across the SSRO and work successfully in multi-disciplinary teams, including project teams drawn from across other established teams. Manage and lead such teams as required.
  • Engage actively with internal and external stakeholders and manage and maintain effective relationships with stakeholders.
  • Represent the SSRO in meetings and other forums, participating actively and constructively in line with the SSRO’s vision, values, objectives and priorities.
  • Communicate the SSRO’s work with influence, including preparing high quality documents. Draft briefings and reports in a language and style that conveys technical information in a way that is easy for non-technical audiences to comprehend.
  • Act with integrity, apply the SSRO’s governance procedures, and promote good governance.
  • Investigate and make best use of available technology and contribute to the delivery of new and innovative ways to deliver our work that improve quality and efficiency
  • Promote the SSRO’s values.
  • Such other duties as the SSRO may require, in line with business need.

What skills do I need to be effective in this role?

Person specification

Essential

  • An advanced degree (Master’s or PhD) in economics or equivalent postgraduate training or experience, demonstrating an in-depth theoretical and empirical knowledge of market forces, market failure, and how these impact on the incentives of economic agents.
  • Proven ability to identify relevant economic theory and apply it to address real-world policy challenges.
  • Demonstrated ability to gather, analyse and quality-assure quantitative and qualitative data, develop research and analysis based on economic theory, and generate insight and evidence for policy advice which takes account of the bigger picture.
  • Excellent communication skills. Able to communicate with credibility and authority, convey relevant economic concepts, adapt to the intended audience and deliver high quality publications and reports in a language and style that conveys complex matters in an accessible way.
  • Proven ability to build and maintain effective working relationships with colleagues and stakeholders (including at senior executive level), to flexibly apply your economic skills across a range of topics and outputs and work co-operatively and collaboratively as part of a multi-disciplinary team.
  • Excellent project, time and resource management skills, with a track record of delivering results to time, cost and quality standards in a complex, dynamic and sometimes fast-paced environment.
  • A commitment to learning and development for themselves and their team.

Desirable

  • Experience of working as an economist in the areas of defence or other regulated industries.
  • Knowledge of transfer pricing, industrial economics, corporate finance and accounting, or understanding and applying legislation.
  • Experience of handling sensitive matters and data (commercial, government, intelligence or military).

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