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Beacon Economics is currently hiring for the following position(s):

Economic Forecast Model Manager & Time Series Econometrician

The Economic Forecast Model Manager & Times Series Econometrician’s (EFM) primary focus is to manage and develop the firm’s products and services as well as its client base within the Economic and Revenue Forecasting practice area. Topically, that may include engagements related to labor market conditions, financial sector expectations, demographics, public revenue, housing, energy, climate change, and an array of additional macroeconomic themes. The EFM reports directly to the Director of Research.

The EFM will contribute to the development and execution of engagements that fall within the Economic and Revenue Forecasting practice area or engagements within other practice areas that have substantive, relevant scope elements. While the Economic and Revenue Forecasting practice area is still growing, the EFM may take ownership of non-forecasting related projects where there is managerial need. The EFM FTE will be spent as follows:

  • 70% on managing and leading a project portfolio
  • 15% on outbound client and relationship development related to the relevant practice area
  • 15% on broader firm and related practice area strategy

Managing and Leading Project Portfolio (70%)

The EFM will own or co-own a portfolio of projects related primarily to the Economic and Revenue Forecasting practice area and, where needed, other relevant practice areas. The EFM will lead the identification of a client’s need and translation of it into a scope of services; operationalize and resource those engagements internally, collaborating with Research Associates, Practice Area Leads, Director of Research, and Senior Management; manage the navigation of the engagement’s vision in cooperation with the Research Team and the Client; and oversee completion of the final deliverable set and delivery of it to the Client. In this capacity, tasks and responsibilities of the Economic and Revenue Forecasting Manager may include:

a. Manage and maintain economic and tax forecasting models including for economy wide macroeconomic and major government revenue forecasting models

b. Manage client communication and the development of a scope of work in the form of a formal proposal; communicate engagement needs to Senior Management

c. Manage the engagement’s resources, project deliverable schedule, fee invoicing schedule, budget, client updates, and internal updates and reporting

d. Lead the navigation of the engagement’s vision in conjunction with both the research process as it evolves and the Client’s feedback

e. Author, co-author, and edit final deliverables; provide peer review of final deliverables not directly managed; perform, direct, and contribute to literature review as needed

f. Manage the completion and delivery of the final deliverable set including playing a key role in framing and reviewing draft and final deliverables

g. Manage relevant research work including the provision of feedback and guidance; perform a direct reporting role for Senior Research and Research Associates as directed.

The EFM may manage and contribute to engagements related primarily to other practice areas where there is managerial need and/or substantive components of the scope are related to the Economic and Revenue Forecasting practice area.

Outbound Client and Relationship Development re. Economic and Revenue Forecasting (15%)

The EFM will identify new and outbound opportunities in the relevant topical space, focusing on the development of longer-term client and partner relationships. This activity is expected to be cyclical, ramping up and down from the 15% benchmark as opportunities are identified and converted into project engagements. The EFM will oscillate between outbound client development and project portfolio management; however, independent of the cycle of activities, the EFM is expected to spend a minimum threshold of time on the maintenance of client relationships, the development of longer-term partners, and the development of the firm’s presence in forums and gatherings related to the Economic and Revenue Forecasting Practice Area. In this capacity, tasks and responsibilities of the EFM may include:

a. Maintain a knowledge of the local economic and revenue forecasting space, its forums, actors, publications, and relevant gatherings

b. Identify and pursue relationships with new clients relevant to the practice area; this may include calls, in-person meetings, and event attendance

c. Direct and contribute to the writing of scopes and proposals for identified clients or partners; identify, review, and prioritize RFPs relevant to the practice area; and direct, contribute to, and review the firm’s response to RFPs selected for response

Strategy Development, Practice Area and Firm-wide (15%)

The EFM will help lead the continued development of the Economic and Revenue Forecasting practice area’s products, services, and client base – researching, analyzing, building, and iterating research frameworks for its core products. This may include creating the research process infrastructure needed for scalability, directing the creation of marketing collateral for scalability, value propositioning replicable engagements, developing business/pricing strategy, and identifying opportunities for thought leadership in the space. The EFM will also play a role more broadly in firm-wide strategy, monitoring the relevant practice area’s interaction with other practice areas as well as firm-wide operational needs related to scale. In this capacity, tasks and responsibilities of the EFM may include:

a. Presenting to and collaborating with the Director of Research and Senior Management regarding practice area strategy

b. Creating a research framework for core products; designing final deliverable collateral for practice area products in collaboration with the Research Team; and directing the creation of proposal collateral for practice area products in collaboration with other functional teams.

Qualifications & Desired Skills

  • 3+ years experience working in or at the intersection of policy, research, and forecasting (private sector, government, academia, nonprofit)
  • 2+ years experience leading applied science or policy analysis teams highly desired
  • Familiarity with federal, state, and local government finance highly desired
  • Excellent quantitative skills with regard to numerical problem solving and econometric/statistical adroitness; experience with applied time series analysis required
  • Excellent writing skills both with regard to proposal writing and formal report writing and editing; writing sample required
  • Excellent verbal communication skills including presentation skills
  • Skilled listener with the creative competencies to produce feasible research projects from general ideas
  • Comfortable synthesizing and extracting insight from a mix of qualitative and quantitative data to formulate policy implications and policy recommendations
  • Entrepreneurial worker with experience in ideation
  • Demonstrable expertise with data analysis using statistical software (Stata, Eviews, R, etc.)
  • Demonstrable expertise with PowerPoint and presentation creation; proficient in Microsoft Office
  • Ability to multi-task, manage a team efficiently, report up, and meet or adjust deadlines accordingly
  • M.A./M.S. in applied mathematics, economics, public policy, statistics, or closely related field desired; B.A./B.S. with substantial work experience encouraged to apply.

** Please submit resume, cover letter and writing sample to [email protected]. Compensation is commensurate with experience.

Beacon Economics LLC is an equal opportunity employer. All qualified candidates are encouraged to apply.

Economic Research Associate

The successful candidate will contribute to the execution of engagements that fall within Beacon’s Regional and Sub Regional Analysis and Sustainable Growth and Development practice areas. He/She will occasionally participate in engagements within other practice areas that have substantive, relevant scope elements.

Responsibilities: Project Portfolio

  • Collect, clean, and manipulate specific economic, financial, and demographic data, as instructed by project team leads.
  • Support the fulfillment of data and forecasting requests from research team members and senior firm staff.
  • Identify and communicate data problems/inconsistencies to project leadership and/or teammates, and assist in solving.
  • Conduct literature reviews related to specific research topics.
  • Assist in the development of technical documentation, research methodology, and efficient workflows.
  • Communicate research findings to clients clearly and concisely, via written reports, summary tables, dashboards, and slideshows.
  • Inspect reports, charts, and tables for errors and inconsistencies.

Responsibilities: Economic Model Development & Statistical Analysis

  • Leverage existing knowledge of statistical theory, methods, and software to analyze economic data in order to estimate various econometric parameters relating to the firm’s propriety economic models.
  • Provide analytical expertise in economic model development, estimation, programming, calibration, validation, application, and documentation of national, state, and regional economic forecasting models.
  • Assist in conducting and coordinating complex research, statistical analysis, and modeling related to economic forecasts and analysis.
  • Participate in the development and maintenance of technical documentation for economic forecasting programs and procedures; and work with peers to ensure accurate and organized economic forecasting records.
  • Work with the economic forecasting team and senior staff to ensure economic modeling methodology, technologies, software, and analytical workflow are reliable and effective for supporting various client needs.
  • Communicate highly technical information, both orally and in writing, to a broad range of clients and internal firm stakeholders.
  • Assist research team in the development and implementation of data administration policies.
  • Engage in research activities related to various issues in national, state, and regional economic forecasting.

Responsibilities: Economic Development Project Support

  • Support Beacon’s economic development projects, including gathering, compiling, and analyzing data necessary to understand and interpret economic, social, physical and fiscal conditions of cities, counties, communities or the impacts of potential projects/programs.
  • Support qualitative analysis for economic development projects including administration of stakeholder outreach, focus groups, interviews and survey distribution.
  • Conduct policy analyses, evaluate economic development strategy, and provide in-depth industry sector and sub-sector analysis including workforce and occupational data analysis to support the formulation of economic development and recovery strategies.

Responsibilities: Practice Area Strategy & Development Support

  • The Research Associate will help support the management team in the continued development of the Practice Area’s products and services through researching, analyzing, building, and iterating research frameworks for its core products.
  • This may include supporting the development of research process infrastructure needed for scalability, supporting the creation of marketing collateral for scalability, and identifying opportunities for thought leadership in the space.

Qualifications & Desired Skills

  • Bachelor’s degree in economics, statistics, data science, or other quantitative field with coursework in demography, geographic information systems (GIS), mathematics, urban planning and/or related discipline(s).
  • Extensive experience with statistical software (Stata preferred) and Excel (advanced skills critical). Fluency with Python strongly desired.
  • Ability to perform GIS analysis using ArcGIS or QGIS.
  • Experience with regional economic model development, estimation, programming, calibration, validation, and documentation of such models.
  • Strong written and verbal communication skills.
  • Experience managing deliverables on rigorous deadlines and ability to prioritize workload to respond to shifting demands and new business opportunities.
  • Demonstrated interest in public policy, data analysis, economic policy research and/or economic development.

** Please submit resume, cover letter and writing sample to [email protected]. Compensation is commensurate with experience.

Beacon Economics LLC is an equal opportunity employer. All qualified candidates are encouraged to apply.

How to Apply

Beacon Economics LLC is an Equal Opportunity Employer. Please submit resume, cover letter, and writing sample to Director of Communications Victoria Pike Bond at [email protected] No phone calls.