Senior Health Economist

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: A starting salary of $88,000 to $95,000 per annum, depending on previous experience
• Benefits: Hybrid working options that allow you to work from home up to 50% of your time, generous holiday allowance, flexible working hours, private medical and dental insurance, 401K plan, life insurance, full funding for external training, comprehensive travel insurance and more
• Role Type: Full-time, permanent
• Start Date: The role will ideally commence in January, February or March 2025, however we have start dates available every month of the year. You will be asked to state your availability on your application form
• Location: This role is available in our Boston office

About the Role

Do you have experience of successfully conceptualizing, developing and communicating health economic models that demonstrate the value of new healthcare interventions? Do you enjoy building and maintaining client relationships? Are you looking to join a growing company offering excellent career prospects?

Costello Medical are growing quickly through demand from both new and existing clients and therefore have excellent opportunities for candidates with prior industry experience, ideally within a pharmaceutical, medical devices or medical consulting company, to play an important role in ensuring our continued reputation for quality and positively impacting the future development of our team.

As a Senior Health Economist, you will play a key role within project teams working alongside a Project Manager to ensure work is delivered to an exceptionally high quality and in line with client expectations. This includes providing strategic advice to clients from model conceptualization through to building of the model and interpretation of the results. Senior Health Economists are central to the quality control of the project as well as the successful mentoring and career development of the colleagues with whom they work. Technical review of work and training of Health Economists through the provision of constructive feedback are important parts of the role. In addition to this and helping define our project approach, the ideal candidate will also be expected to deliver technical work themselves; they will therefore have the opportunity to progress their own technical modelling skills.

Our Health Economics team deliver modelling projects to a broad range of pharmaceutical, medical devices companies and public sector and non-profit clients. You will be expected to work across different accounts spanning multiple disease areas and therefore should be able to familiarize yourself with new areas quickly.

You will also play a key role in contributing to business development by developing and maintaining excellent client relationships and identifying opportunities to provide additional services to clients within projects. There may also be opportunities to line manage and mentor our Health Economist Interns.

Senior Health Economists are supported to progress to the Consultant Health Economist role, and this can typically be achieved in 1 to 2 years. As a Consultant Health Economist, you would manage a range of projects and have full responsibility for client communication on your projects, as well as leading budgeting plans and business development efforts. In addition to technical project delivery, you would line manage team members and have internal responsibilities spanning areas such as recruitment and training.

Hybrid Working Policy: We recognize that home-working can improve work life balance, reduce commuting times and costs, and provide the opportunity to juggle personal commitments. At the same time, we believe that having face-to-face time in the office holds many benefits and is central to ensuring that the community we have created, where people have a workplace they belong to and feel part of, is never lost.

Therefore, we offer flexible working arrangements that allow our colleagues to work from home for up to half of the time, measured across a 2-week rolling period.

Career Profile

We offer many opportunities for personal and professional development at Costello Medical. Please click below to read firsthand accounts from our colleagues about their time with the company: https://www.costellomedical.com/careers/working-at-costello-medical/

Requirements

About You

We are looking for individuals who are collaborative, self-motivated and enthusiastic, with a strong and demonstrable background in the health economic and outcomes research (HEOR) sector. You will take pride in producing exceptionally high-quality work and will relish the opportunity to build successful client relationships. You will identify and capitalize on opportunities to go above and beyond for clients and exceed their expectations wherever possible. You will be someone who has a genuine desire to play an active role in the development of our growing team. You will enjoy using your experience to train and mentor others and will be skilled at delivering effective feedback to support your colleague’s professional development.

You will thrive in a fast-paced environment, be highly organized and able to manage timelines across multiple projects. You will be willing to step up and support your project team as needed.

This role is suited to those who have professional experience, of typically no less than 2 years, in applying economic and mathematical modelling techniques within an industry setting, ideally within a pharmaceutical, medical devices or medical consulting company. Specifically, we are looking for candidates with the following experience:

• Working on health economic projects, directly with clients, from project initiation to completion
• Leading a project team, including delegating tasks and managing the time of others coupled with the ability to manage timelines across multiple projects at once and the flexibility to respond to changing deadlines
• A proven ability to build robust and sustainable client relationships, which involves communicating directly with clients and responding to different communication styles

In addition, essential requirements for the role are:

• A degree level or higher qualification in a relevant discipline (minimum 3.3 GPA). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science. Formal degree-level or higher (i.e. postgraduate) training in statistics or health economic modelling is desirable, though not required
• Excellent written and oral communication skills and the ability to explain complex modelling techniques and results to non-experts
• Advanced skills in Excel and VBA
• 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
• Flexibility to respond to changing deadlines

Desirable requirements for the role:

• Prior experience of having mentored others in any setting
• Experience with other software (such as R, C++, STATA) alongside a willingness to learn new technical and programming skills is important for the role

About Costello Medical

Costello Medical is a rapidly growing global healthcare agency specializing in medical communications, market access and HEOR. We work with a wide range of clients, including the industry’s successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organizations. 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.

On 27th May 2022 Costello Medical received its certification as a B Corporation. We are really proud of this achievement as it demonstrates that Costello Medical is meeting the highest standards of verified social and environmental performance. We underwent a rigorous assessment that covered the whole of our business including employee benefits, charitable giving and sustainability. We believe this certification is external validation of our mission to be a force for good.

The Recruitment Process

Our recruitment process includes a telephone interview with a member of the Talent Acquisition team followed by a technical and proofreading assessment for you to complete in your own time, which requires you to use Excel. If successful, you will 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.

The role will ideally commence in January, February or March 2025. However, we have start dates available every month of the year. You will be asked to state your availability on your application form. Whilst there are no set application deadlines, we strongly recommend applying as early as possible so that we can begin processing your application. The role will close when a suitable candidate is found.

Please note that this role is available in our Boston office, which you can learn more about here: www.costellomedical.com/careers/locations

Benefits

What We Offer

• A starting salary of $88,000 to $95,000 per annum, depending on previous experience
• A discretionary profit share bonus paid twice per year
• Private medical insurance with a company contribution
• Dental and vision cover
• 23 days’ vacation leave increasing by 1 day to a maximum of 27 days. 6 public holidays plus 1 floating holiday
• The chance to work from home for up to half of your working time
• Retirement savings via a 401k plan
• Paid funding for external education and study leave
• Life insurance
• Comprehensive travel insurance
• Flexible and reasonable working hours
• Regular company-funded social activities

Please click here to learn about our reward package and the other benefits of working for Costello Medical: https://www.costellomedical.com/careers/benefits-package-in-the-us/

How to Apply

You are required to submit your resume 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.

While we embrace Artificial Intelligence (AI) technologies to innovate and improve processes, we want to understand your unique skills and experiences throughout the recruitment process. Therefore, if you use AI to assist with your application, we recommend that you do not rely solely on this technology to generate your application materials. As your role may involve developing new written content from scratch and handling confidential data that cannot be uploaded to AI technology, it is important for us to assess your own skills and abilities.

Please contact the Talent Acquisition team at recruitment@costellomedical.com if you have any questions about the role or application process.

Visa Sponsorship

We welcome applications from international candidates, but we are unfortunately unable to provide visa sponsorship for working visas. Therefore, you must have the right to work in the US independently from the company. However, we are able to consider those on a temporary visa, such as an OPT visa.