Senior Economist

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Organisation
Civil Aviation Authority (CAA)
Locations

London, United Kingdom

Application Deadline
Salary
£41k-£70k

Salary: £41k-£70k Depending on experience

Contract type: Permanent or 18-month FTC, Full time or Part-time

We are the UK's aviation regulator and recognised as a world leader in our field. Our activities are diverse, enabling the aviation industry to meet the highest safety standards, and we pride ourselves on our ability to adapt to the constantly evolving aviation environment.

The Role

The Economic Regulation & Competition Policy team have responsibility for economic regulation, including for the development of the price control arrangements that apply to Heathrow Airport Limited (HAL) and NATS (En-route) Plc (NERL).

We are recruiting for Economists and Senior Economists to join our growing team of Economists, Financial Analysts, Modellers and Senior Policy Advisers to play a lead role in driving forward key aspects of policy on the financial and incentive framework for the economic regulation of both HAL and NERL.

This includes leading work on financial modelling, financial analysis, incentive design and regulatory finance. The roles may also support development of policy on cost assessment for the economic regulation of both NERL and HAL.

You’ll be responsible for developing and delivering a cohesive work plan, identifying the best approach to analysis, working with senior level stakeholders, and ensuring that key deliverables are informed by compelling analysis, robust and produced to a high standard.

The aviation sector is going through a time of unprecedented uncertainty due to the impact of Covid-19, which provides an opportunity to develop new and innovative policy solutions in the interests of consumers. These issues will have a highly material impact on the price control proposals we will make in coming years and are central to our statutory duties to protect users/consumers.

These are varied roles and we are looking for experienced Economists and Senior Economists who will be comfortable leading work in the following areas:

  • Leading senior level stakeholder management, both internally and externally, to support the CAA’s approach to economic regulation.
  • Leading the financial framework workgroup in the NERL price control programme.
  • Manage external contractors to support the successful completion of key analysis and deliverables, including overseeing development of new financial models or making improvements to existing models.
  • Reviewing and challenging regulatory business plans and submissions from other stakeholders, including assessing the financial implications and testing sensitivities to different outcomes and assumptions.
  • Reviewing HAL and NERL’s regulatory accounts, identifying gaps and weaknesses given regulatory developments and good practice in aviation and other sectors.
  • Empowering and developing team members.
  • Championing CAA values and policy on diversity and inclusion.
  • Translating technical economic, financial and other issues into explanations and analysis that will win the hearts and minds of non-technical audiences.

About You

Essential experience

  • Experience working on economic regulation and financial issues.[SC3]
  • Ability to develop and manage complex economic or policy analysis, including strong quantitative and technical skills.
  • Ability to manage own workload and workload of others, prioritise tasks appropriately and solve problems.
  • Skilled in effectively engaging and influencing a wide range of stakeholders, including communicating complex economic policy issues.

Desirable

  • Bachelor’s degree in economics/finance/accounting, or equivalent.
  • Strong understanding of financial modelling, financial economics or regulatory incentives.
  • Wider expertise in developing regulatory policy, including with respect to including with respect to assessing the costs or financeability of a regulated company, or developing incentive mechanisms.
  • Worked within the aviation or other regulated sectors.

What Can We Offer You?

This is an exciting opportunity in a multi-disciplinary team, where you’ll be leading complex workstreams and projects and delivering high quality and insightful outcomes to support the CAA’s strategic objectives.

You will have the opportunity to make a wider and meaningful contribution to policy development and quality assurance in fast moving and challenging programmes.

Your expertise in economic advice will be relied on when advising the Chief Economist, the CAA Executive Committee and the CAA Board as required.

Diversity and inclusion are extraordinarily important to us, and we strive to create a work environment for all employees that is welcoming, respectful, engaging, and enriched with opportunities for personal and professional development. We want to maximise the potential of everyone who chooses to work for us – regardless of background.

Additional Information

Given the impact of Covid-19, it’s likely that you will work remotely to begin with as we plan for a return to work within the government guidelines.

We will consider applicants who want to work both full time or part-time role consistent with the CAA’s commitments to ensure it recruits from a diverse pool of potential applicants. Part-time applicants might be asked to consider a job share, given the scope of the role.

Working With Us

We offer a range of fantastic benefits such as flexible working arrangements, free onsite gym at Gatwick, discounted gym membership for London, 28 days annual leave, additional 5 days leave purchase scheme, a generous pension scheme and much more!

Wherever possible, we offer flexible and variable working hours to help our people effectively manage all areas of their lives. We are an equal opportunity employer and actively encourage applications from candidates of all backgrounds.

As a member of the Disability Confident scheme, applicants who meet the minimum criteria for a role with us will be guaranteed an interview. We use fair and inclusive selection approaches to hire the best person for the job based on merit alone. If you require an adjustment for any reason, please let us know.

Closing Date: 14th October 2021




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