Role Summary
* Responsibilities: You will be responsible for developing economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicating these insights to a variety of stakeholders.
* Salary: £42,000 per annum
* Benefits: Discretionary profit share bonuses, hybrid working options that allow you to work from home up to 50% of your time after passing probation, generous holiday allowance, flexible working hours, employer pension contributions, comprehensive travel insurance, private medical insurance, critical illness cover, income protection, full funding for external training, interest-free travel loan scheme, discounted gym memberships, and more.
* Role Type: Full-time, permanent
* Start Date: We are currently recruiting for start dates from February 2025 onwards, and you will be asked to state your availability on your application form.
* Location: This role is available in our Global Headquarters in Cambridge, London, Manchester, and Bristol offices.
About the Role
Health Economists at Costello Medical develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers and communicate these insights to a variety of stakeholders in the medical sector. These models are quantitative assessments of the impact of healthcare treatments, practices, and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. They are typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques. Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics. In this role, you will typically be working on multiple projects at any one time, starting at around 3 to 4 projects at a time when you join us.
The models developed by our Health Economists have real-world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making. Producing an economic evaluation therefore requires Health Economists to:
* Research and critically appraise medical and economic literature.
* Understand the theoretical health economic framework and apply this to the project at hand.
* Liaise with external medical professionals.
* Work collaboratively and build relationships with colleagues across healthcare disciplines.
* Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software.
* Interpret and analyse model results, producing technically accurate written reports of methodologies and outcomes.
About You
Alongside a genuine interest in the healthcare industry and a strong desire to contribute to projects in this setting, essential requirements for the role are:
* A degree level or higher qualification in a relevant discipline (minimum 2.1). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science.
* A-level in Mathematics (minimum B grade or equivalent).
* Advanced skills in Excel and knowledge of VBA. A willingness to learn and improve technical and programming skills is also important for the role.
* Excellent written and oral communication skills and the ability to explain complex modelling techniques and results to non-experts.
* The ability to use your initiative and work independently, in addition to working collaboratively within project teams.
* A high degree of accuracy and attention to detail in both quantitative and qualitative settings.
* Strong organisational skills, the ability to plan your own work effectively and the flexibility to respond to changing deadlines.
* Integrity, a proactive approach to your work, and a keen interest in developing your skills.
Desired Requirements
* Formal degree level or higher qualification (i.e. postgraduate) training in statistics or modelling (minimum 2.1).
* Familiarity with other software such as R, C++, STATA.
* Experience of having applied economic and mathematical modelling techniques in an industry setting.
About Costello Medical
Costello Medical is a rapidly growing global healthcare agency specialising in medical communications, market access and health economic and outcomes research. We work with a wide range of clients, including the industry’s most successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organisations. Our mission is to be a community of the very best people, building trusted partnerships across the healthcare sector by delivering an exceptional service. Our vision is to be a leading global partner consistently striving for meaningful and outstanding contributions that improve people’s health and lives.
The Recruitment Process
Our recruitment process includes a video interview which can be conducted at your own convenience within the given time frame. If successful, you will be sent a technical and proofreading assessment which requires you to use Excel. If you receive a positive score on your assessments, you will then be invited to an interview which will include a short presentation you can prepare for in advance. Our standard recruitment process lasts around 6 weeks however, this can be adapted if necessary.
As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce and, throughout the recruitment process, there are a number of reasonable adjustments we can provide. Please click here to read more about this and contact the People Team via recruitment@costellomedical.com should you require reasonable adjustments at any stage.
What We Offer
* A starting salary of £42,000 per annum.
* A discretionary profit share bonus paid twice per year.
* 25 days’ annual leave plus bank and public holidays.
* The chance to work from home for up to half of your working time after passing probation.
* Flexible benefits scheme offering additional holiday, cash payments and pension contributions.
* 4% employer pension contributions.
* Private Medical Insurance which offers comprehensive cover on a “medical history disregard” basis.
* Paid study leave and funding for external qualifications.
* Cycle to Work scheme and an interest-free travel loan scheme.
* Critical Illness Cover, Income Protection and Life Assurance.
* Access to an Employee Assistance Programme.
* Discounted gym memberships.
* Comprehensive travel insurance.
* Flexible working hours.
* Regular company-funded social activities.
How to Apply
You are required to submit your CV and a cover letter via our online application form. In your cover letter, you must explain why you think you would be suited to the role and why you would like to join Costello Medical, with examples to support both. Your CV should clearly state the dates of all qualifications and grades achieved where applicable.
Please contact the Talent Acquisition team at recruitment@costellomedical.com if you have any questions about the role or application process.
Visa Sponsorship
Due to the Skilled Worker visa regulations, you will only be eligible for visa sponsorship if you meet at least one of the following criteria:
* You are classified as a New Entrant. This means you are under the age of 26, currently studying in the UK or a recent graduate in the UK.
* You have a PhD in a STEM subject.
You will be asked to provide details of your right to work in the UK within your application, which will be used to help assess your eligibility for visa sponsorship.
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