Associate Economics and Data Analyst

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Job reference 321099

Associate Economics and Data Analyst
Salary: £45,574, increasing to £48,860 after 12 months, 10% annual bonus potential, company pension scheme with highly competitive contribution rates and generous annual leave offering of 25 days, plus bank holidays, with the opportunity to purchase extra annual leave. 
Permanent, Full time 
Location:  This is a Hybrid Working role with a requirement to attend our London Farringdon office two/three days each week, with flexibility required in line with business needs. 
 

The work of Royal Mail’s economics team underpins business-critical insights and scenario-based forecasts that shape decisions and drive strategy and growth. The remit is broad and diverse, and requires engaging with a wide range of stakeholders, from core functions including field operations and financial planning to procurement and market forecasting.

As an Associate Economics and Data Analyst, you will join the Economics and Statistical Forecasting team, which provides Royal Mail's leadership and various business units with a wide range of business-critical economic analysis and econometric forecasts.

When you join Royal Mail, you’ll know the work you do has impact, influencing business direction and decisions. You’ll be trusted to work in a way that works for you, with the support of a friendly and collaborative team. And we take personal development seriously. We’re passionate about supporting our people with structured training, opportunities, and mentorship to rapidly grow and progress in ways that work for you. 
 

About the role

• To assist Royal Mail head of economic in collating and delivering macro-economic and econometric analysis to inform and assess business decisions and prepare short notes and reports for internal circulation.
• To manage large internal data sets using excel and other specialist econometric tools (e.g., EViews) and be able to accurately summarise the data and draw insights from it using a variety of techniques (including cleansing data, identifying appropriate graphics, and performing statistical and trend analysis)   
• To support the senior economist with timely and accurate data analysis and be able to perform econometric analysis using specialist software.
• Communicate and present complex economic and econometric model results, forecasts and risk analysis and insights to internal and external senior stakeholders (Ofcom and external auditors)
• Support the senior and chief economist’s activities and objectives.

About You

To be successful in this role, you be able to demonstrate to following qualifications and skills: 

• Essential: You must hold a minimum of BSc in Economics or Econometrics. 
• Essential: You must be highly numerate and enjoy working with large data sets 
• You will have experience of using one or more econometrics package (e.g. EVIEWS, STATA or other) 
• You will be an excellent communicator and presenter with an ability to explain complex economic and statistical concepts to non-experts, internal and external stakeholders in a clear and concise manner. 
• An MSc in in Economics or Econometrics is desirable. 

Extra Benefits

•    Family friendly support - enhanced maternity pay, paternity leave, adoption leave and shared parental leave
•    Discounts and offers - there are more than 800 offers to help you save on things like groceries, days out, holidays and your household bills*.
•    Supportive and generous company sick pay
•    Your Wellbeing - you and your family have 24/7 access to services and tools to help you get the most out of life. From your physical and mental health to financial and social support and advice. It’s free, and it’s for everyone.
*Available only to perm employees

Next Steps

The next stage of the selection process will be a written case study followed by a face-to face interview consisting of competency based and role specific questions. We plan to hold written case study and interviews at Royal Mail, 185 Farringdon Road, London, EC1A 1AA.

Closing Date: Sunday 2nd February 2025.  Please note, this advert may close early if the appropriate number of applications has been reached.
 

Trust forms the foundation of everything we do in Royal Mail. We want to be transparent about what kind of qualities we are looking for and build trust from the very beginning of your journey with us. The first step is your interview, and we mean ‘your’ interview. We want to give you the opportunity to shine. To enable you to do this, we will provide you with your interview questions ahead of the interview taking place. This will allow you time to prepare, and ensure you have your best examples in mind. Royal Mail Group values both trust, and our people. 
 

We don’t expect every candidate to meet the full criteria for the role. If your experience looks a little different from the job requirements, but you feel you have the relevant skills to bring value to the role, we’d love to learn more about you. 

Royal Mail are proud of our diverse employee network groups and the active role they play to support belonging and encourage a positive work environment. We are firmly committed to inclusion and passionate about our people representing the communities we serve. 

We are happy to support your need for any adjustments during the application and hiring process. Please share the details within your application if required.

We are Forces family friendly and a Gold signatory to the Armed Forces Covenant. We welcome applications from ex-Armed Forces personnel, reservists, veterans, cadet instructors and military spouses/partners.

For more information on Royal Mail Group and our values please click here: https://www.internationaldistributionsservices.com/en/about-us/

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