Energy Economist - energy and metals demand forecasts | Edinburgh or London | Salary in Edinburgh £33-37k and in London £40-45k plus bens | 571
Energy Economist
Reports to: Senior Economist
Location: Edinburgh or London
The Company
Our client is the most comprehensive source of knowledge about the world's energy and metals industries. They analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. With more than 600 professionals in over 20 offices worldwide, they analyse the assets, markets and companies operating upstream and downstream; in oil, gas, coal, carbon, metals and power generation.
Role Purpose
The Energy Economist will work with the Principal and Senior Economists in the development of comprehensive short and long term macroeconomic forecasts to support the energy and metals demand forecasts. This role will provide integral macroeconomic inputs into Energy and Metals Market analysis, with internal and external facing clients. The successful candidate will also support other research teams and corporate requirements across the companies services which rely on macroeconomic forecasts as inputs into demand and price forecasting.
The candidate will have a keen interest in quantifying the relationship between economic activity and resource demand growth across diverse markets. With a strong background in macroeconomics, econometrics, and their application, the successful candidate will quickly develop a good understanding of the trends and discontinuities across the energy and metals value chain. The successful candidate must be comfortable with econometric modelling techniques, assessing new sources of economic data and analysing new markets within a complex analytical framework.
The Energy Economist will play an important role in helping ensure consistency and alignment in the update of macroeconomic forecasts through regular dialogue and close collaboration with colleagues across the business.
Main Responsibilities
· Support the Senior Economist in consultation with energy demand teams in the development and update of global quantitative macroeconomic models to support products. This will include the development of long-term structural GDP growth models.
· Support the Principal and Senior Economists in the development of consistent and robust views on the quantitative effect of global and regional economic activity on energy demand.
· Support analysis within Energy Markets of long-term energy demand trends via timely update of macroeconomic models.
· Deliver concise written reports on short-term quarterly macroeconomic developments to relevant energy demand teams to support products.
Key Competencies
· Excellent problem solving, analytical and writing skills, including advanced knowledge of Excel and econometric software (e.g. EViews, Microfit).
· A good understanding of quantitative methods and their application.
· Strong communication skills: able to communicate complex economic concepts to non-economists (both internal and external).
· The ability to work as part of a team involving multiple locations and time zones. The successful candidate will be willing to travel to Wood Mackenzie and client offices.
· A commitment to excellence in order to meet high quality standards expected internally and externally.
· At least a First class or Upper Second Class Honours Degree in Economics
