Bristol, Cambridge, Bedford, Birmingham, Leeds, Manchester or Warrington. The role would require you to travel to work in the London office 2-3 days a week.
About the job
You will play a leading role in influencing policy and the operationalisation of policy as part the Economics Team, working alongside other economists within Homes England, across central government departments and Homes England’s Economics Panel. You will support the delivery of many of the most high profile, ambitious and complex land and property projects across England.
Main Duties and Key Accountabilities
Fiscal Modelling and Planning
• To work with colleagues in MHCLG and Homes England Teams to influence government policy and translate this into operational delivery through investment modelling (simulating and projecting Land Programme activity) and economic modelling (cost-benefit and impact analysis of Programmes).
• To gather site data and key metrics from a range of data sources internally and externally e.g. costs, values, development timescales, build out rates, and to analyse how these vary according to key variables e.g. site characteristics, location, market and complexity of delivery and risks.
• To use national and local data relating to land and property and experience in managing and analysing the data for the purposes of modelling (e.g. regression).
• To undertake a programme of case studies to strengthen the evidence base with ‘ex-post’ evidence for modelling purposes (Comprehensive Spending Review, Mains Estimates, Programme Business Cases).
• To assess the impact on programme parameters (cost, receipts, outputs, pace) of changes in programme delivery (e.g. delivery method or mix and type of development).
• To support existing Modelling capability / QA role to ensure compliance with the aqua book.
• Present the results of investment and economic modelling and business cases in a range of forums, providing clear and succinct findings.
Stress Testing and Continuity Planning
• To work with colleagues in MHCLG and Homes England Teams to inform the development of optimistic and pessimistic scenarios at a macro-economic level.
• To translate optimistic and pessimistic scenarios in terms of their impact on land and property.
• To apply the impacts to the Land Programmes will which impact differently according to the different elements of the programme activity (e.g. acquisition, site works, planning, and disposal).
Appraisal and Evaluation
• Prepare and submit high quality Business Cases to MHCLG and HMT for projects requiring investment approvals of £10m and over, coordinating inputs from other professionals as necessary. These must be delivered on time and be compliant with HMT’s Green Book and Five Case Model, and MHCLG’s Appraisal Guide.
• Work collaboratively with delivery and corporate teams to provide upstream advice and help shape project development ahead of investment decisions being made, to ensure the proposed investment maximises value for money.
• Undertake the economic case resulting in a Benefit-Cost-Ratio (BCRs) for a range of projects across Homes England.
• Continually improve economic tools and models used to calculate BCRs, Impacts and the Total Economic Benefit of Homes England’s interventions. This will include commissioning primary research to better evidence and monetise total economic benefits.
• Be one of the lead contacts and centre of expertise on economic appraisal and calculating value for money within Homes England. To review and improve Land Gateway papers and to provide associated advice and written guidance to delivery teams on how to calculate value for money in the Gateway papers.
• Establish and maintain links with external experts in the field of economic modelling, project appraisal and economic analysis, commissioning work as and when required.
Qualifications (Academic and Professional)
• Degree level qualification (quantitative essential e.g. economics, mathematics, statistics).
• Excel Modelling (including VBA) or other programming experience.
• A high level understanding of the economics of housing and the nature of the ‘housing problem’ in terms of both demand and supply gained from direct experience of working in Land and Property.
• A strong awareness and understanding of the key current Government policies and priorities on housing and the contribution of Homes England to delivering these.
• Experience of developing relevant financial and economic excel models including use of VBA to support land and property investment, economic benefits, risk and overall decision making.
• Evidence of a rigorous and analytical capability to inform and operationalise new frameworks, models and procedures to maximise value for money.
• Experience of producing reports, presentations and briefings for senior audiences that communicate sophisticated technical concepts to both professionals and lay audiences.
All successful candidates will be eligible to join the Homes and Communities Agency Pension - a final salary, defined benefit, pension scheme. In exchange for paying a monthly contribution of 6% of salary you will accrue generous benefits, as well as becoming a member of the Scheme’s group life assurance policy.
We also offer an excellent range of family friendly benefits, for example, maternity, paternity, shared parental leave.
Homes England is an executive non-departmental public body with its own terms and conditions, benefits and pension scheme. We are a government agency working in partnership with the private sector and want to employ and retain great people. In return we offer a range of excellent benefits.
Homes England offers all staff 33 days annual leave per year in addition to 8 statutory bank holidays.
At Homes England we have a strong culture of flexible working and encourage all employees to have a healthy work/life balance. We offer a wide range of potential working patterns, including part time, job share and compressed hours.
These need to be balanced with business needs so they will vary from job to job. If you would like to know more please speak to the Recruiting Manager.
Health and Wellbeing
We offer health screening with Nuffield Proactive Health Clinics, a free Employee Assistance Programme which offers confidential support 24 hours a day, 7 days a week as well as access to Occupational Health.
At Homes England we are committed to your continued professional and personal development with learning as one of our core values. We pay for one job-related professional membership subscription per year for our employees.
Things you need to know
Successful candidates must pass basic security checks.
Selection process details
Feedback will only be provided if you attend an interview or assessment.
Working for the Civil Service
Please note this Post is NOT regulated by the Civil Service Commission.
The Civil Service embraces diversity and promotes equality of opportunity. There is a guaranteed interview scheme (GIS) for candidates with disabilities who meet the minimum selection criteria.
Terms & Conditions
All appointments are on Homes England terms and conditions. Full time hours for this post are 35 hours per week; alternative flexible working arrangements would be considered.
Please note – Homes England has a responsibility to ensure compliance with HMG Baseline Personnel Security Standard to address the potential problems of identity fraud, illegal working and deception generally. To ensure compliance we will carry out a pre-employment Personal Identity and Vetting Report through Equifax to meet the standard and you will therefore be asked to provide certain information in order that the verification check can be carried out if you are successful in your application.
Homes England are an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.
At Homes England we acknowledge that everyone is different. The diversity of our people, our partners and the communities we work in is reflected by their diversity of differences, qualities and needs.
We are committed to creating a workforce that reflects the society we live and work in. We are also committed to creating an inclusive work place culture that supports diversity and inclusion allowing all our colleagues to bring their whole selves to work without fear.
We are proud to be an equal opportunities employer that values and respects the people who work for us. Our aim is to be an employer of choice, enabling everyone to reach their full potential.
We believe achieving equality, diversity and fairness of opportunity is our shared responsibility and we work hard to ensure that as an organisation, we are all accountable for its delivery.
Apply and further information
Contact point for applicants
Should you encounter any issues with your online application please contact Tom Eckersall on email@example.com
For more information on this process or to discuss the role please contact Ajay Jagatia on firstname.lastname@example.org
Sift/interview dates and location
Interviews are currently expected to take place in our London office week commencing 5th November 2018.