Economic Expert

Role Summary

The Economic Expert is responsible for delivering thorough economic evaluations, research, and policy guidance to facilitate strategic decision-making processes. This position entails studying economic developments, evaluating the implications of policies and regulations, employing both quantitative and qualitative analytical methods, and drafting reports and recommendations aimed at senior executives and stakeholders. Through these contributions, the Economic Expert plays a vital role in formulating data-driven strategies that encourage economic development, sustainability, and the fulfillment of organizational aims.

Key Duties and Responsibilities

• Carry out economic research, analyze market data, and create forecasts to underpin planning and policy formulation.
• Examine the effects of policies, regulatory changes, legislation, projects, and investment proposals on the economy.
• Track economic trends locally, regionally, and worldwide to identify potential risks, opportunities, and market dynamics.
• Develop economic models and perform scenario analyses, forecasts, and financial assessments to support evidence-based choices.
• Conduct cost-benefit evaluations, feasibility studies, and impact analyses for strategic endeavors and significant projects.
• Study macroeconomic and sector-specific metrics such as GDP, inflation rates, employment statistics, trade flows, investments, and fiscal performance.
• Gather, authenticate, examine, and interpret economic and statistical data from diverse internal and external sources.
• Prepare comprehensive economic reports, policy documents, briefings, presentations, executive summaries, and strategic advice.
• Offer specialized economic counsel to senior-level management and assist executive-level decision-making.
• Contribute to the creation, roll-out, monitoring, and assessment of economic policies, strategies, and reforms.
• Work together with various departments to incorporate economic analysis into strategic planning, budgeting, performance evaluation, and business planning.
• Perform benchmarking and comparative studies of international and regional economic policies, regulatory frameworks, and best practices.
• Analyze industry trends, market conditions, and investment climates to identify opportunities and risks economically.
• Assist in establishing economic performance metrics, monitoring tools, and analytical dashboards.
• Review economic consequences related to legislation, fiscal policies, and regulations.
• Formulate economic forecasts and scenario plans to aid in long-term organizational strategy.
• Convey economic insights, predictions, and recommendations to executive teams, committees, and external parties.
• Interact with government bodies, regulatory agencies, research organizations, and global institutions on economic topics.
• Guarantee the accuracy, reliability, and integrity of economic datasets, methods, and analyses.
• Stay informed about advancements in economic theory, analysis techniques, and global best practices.
• Participate in interdisciplinary projects by offering economic expertise and analytical assistance.
• Provide mentorship to junior staff and promote knowledge transfer and continuous improvement.
• Carry out any additional tasks assigned by management relevant to the position.

Educational & Professional Background

• A bachelor’s degree in Economics, Applied Economics, Finance, Public Policy, or a similar field is required.
• A master’s degree in Economics or related discipline is preferred.
• Between five and eight years of professional experience in economic analysis, policy formulation, or research.
• Prior work experience in governmental bodies, regulatory agencies, consultancy, or international organizations is advantageous.

Knowledge and Skills

• Deep understanding of microeconomics, macroeconomics, econometrics, and economic policy evaluation.
• Competency in statistical and analytical software tools such as Excel, Stata, R, SPSS, Python, or equivalent.
• Strong capabilities in data analysis, quantitative methods, and critical thinking.
• Exceptional skills in report writing, presentation delivery, and communication.
• Ability to interpret and explain complex economic information clearly to diverse audiences.
• Proven ability in managing stakeholders, collaborating effectively, and building strong professional relationships.
• Excellent organizational, planning, and project management skills.
• Meticulous attention to detail and dedication to maintaining high-quality standards.
• Fluency in English is essential; Arabic language skills are considered a plus.