Senior Manager, Econometric Forecasting & Modelling

OVERVIEW

Position

Senior Manager for Econometric Forecasting and Modelling

Job Code

Reports to

Director of Economics

Direct Reports

N/A

Division/Section

Economics

Department

Economics

Sector

Economics, Data and Statistics

Job Family

Role Purpose

The Economics, Data and Statistics Sector is tasked to develop a Centre of excellence in economic analysis and forecasting, with a strong focus on expertise in the industries and markets NEOM aims to excel in the future. We are seeking a highly skilled Senior Manager for Econometric Forecasting and Modeling to join our dynamic team. As Senior Manager for Econometric Forecasting and Modelling, you will play a pivotal role in conducting advanced econometric analyses, building predictive models, and providing actionable insights to support strategic decision-making. The ideal candidate will possess a deep understanding of econometric modelling, advanced statistical techniques, and a proven track record of applying these skills to real-world problems in various industries.

KEY ACCOUNTABILITIES & ACTIVITIES

Econometric Models

• Design, implement and maintain econometric models to analyze complex economic phenomena, including but not limited to macroeconomic forecasting, forecasting of individual industries, labour market demand and supply forecasts and impact assessments.
• Develop and refine predictive models using advanced statistical techniques such as time series analysis, panel data analysis, and machine learning algorithms.
• Collaborate with cross-functional teams to identify business challenges, formulate research questions, and develop data-driven solutions.
• Conduct thorough data analysis, including data cleaning, manipulation, and visualization, to derive actionable insights and recommendations.
• Stay abreast of the latest developments in econometric theory, statistical methodologies, and industry best practices, and apply them to improve modeling techniques and methodologies.
• Communicate complex technical concepts and findings to non-technical stakeholders in a clear and concise manner through presentations, reports, and other means.
• Mentor and provide guidance to junior members of the team, fostering their professional growth and development.
• Act as a subject matter expert on econometric methodologies, providing thought leadership and guidance on key strategic initiatives.

Economic Reporting

• Contribute to the department’s reporting on the current state and short-term outlook of the economy of the entire territory of NEOM as well as markets relevant to it.
• Report on regular forecast updates in economic publications on a quarterly and annual basis.
• Support in-depth analyses of macroeconomic and microeconomic trends based by analyzing and providing solid granular data, both for NEOM, as well as for KSA and globally.
• Support NEOM sectors and regions in developing sound economic reporting models.

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

• Minimum of 8 years of experience in applied econometric analysis, preferably in a research or industry setting.
• Strong proficiency in econometric software packages such as R, Python, or Stata, as well as experience with data visualization tools such as Tableau.
• Proven experience in building macroeconomic forecast models.
• Excellent understanding of Accounts as well as statistical classifications of business data and economic activities.
• Extensive knowledge of econometric theory, including regression analysis, time series analysis, causal inference, and experimental design.
• Experience with large-scale datasets and familiarity with database management systems (SQL, etc.).
• Proven ability to independently lead and manage complex econometric projects from conception to completion, including project scoping, data collection, analysis, and presentation of results.
• Excellent communication skills, with the ability to distill complex technical concepts into actionable insights for diverse audiences.
• Strong problem-solving skills and a passion for tackling real-world challenges using data-driven approaches.
• Ability to thrive in a fast-paced, collaborative environment and adapt to changing priorities and business needs.

Qualifications

• Master's or Ph.D. in Economics, Statistics, Econometrics, or a related field. Ph.D. .

COMMUNICATION - MAIN STAKEHOLDERS

Internal

External

Senior Managers within the NEOM Authority

Senior Managers within the NEOM Company

Directors from relevant Departments of NEOM regions

Directors – Project Management Consultants

Economic Research Institutes

Academia

International Econometric Community