Job in Canada
Economic Forecaster Needed In Canada By PharmaACE Inc
We are seeking an experienced and analytical Economic Forecaster to join our team. The Economic Forecaster will play a crucial role in analyzing economic trends, collecting and interpreting data, and providing forecasts that contribute to informed decision-making. The ideal candidate should have a strong background in economics, statistical modeling, and a deep understanding of various economic indicators.
Job details
- Location: 5770 HURON TARIO STREET Mississauga, ONL5R 3G5Remote work available
- Salary: 120,000 annually / 40 hours per week
- Terms of employment Permanent employment: Full time Morning
- Start date: Starts as soon as possible
- Benefits: Health benefits, Financial benefits, Long term benefits, Other benefits
- Vacancies 1
- Verified
Overview
Languages
English
Education
- Master’s degree
Experience
5 years or more
Work setting
- Consulting firm
Responsibilities:
- Data Collection and Analysis:
- Gather and analyze economic data from various sources, including government reports, financial statements, and industry publications.
- Utilize statistical techniques to identify patterns, correlations, and trends.
- Economic Modeling:
- Develop and maintain economic models to forecast economic conditions, including GDP growth, inflation rates, employment trends, and other key indicators.
- Regularly update models based on new data and changing economic circumstances.
- Industry Research:
- Stay informed about industry-specific factors that may impact economic trends.
- Collaborate with industry experts and analysts to gather insights.
- Forecast Generation:
- Produce accurate and timely economic forecasts for short-term and long-term periods.
- Present forecasts to internal teams, stakeholders, and clients.
- Risk Assessment:
- Identify potential risks and uncertainties that may impact economic forecasts.
- Provide recommendations for risk mitigation strategies.
- Policy Analysis:
- Analyze economic policies, government interventions, and regulatory changes for their potential impact on the economy.
- Provide insights into the potential outcomes of policy decisions.
- Communication:
- Clearly communicate economic forecasts, analyses, and insights to both technical and non-technical audiences.
- Collaborate with other departments to integrate economic insights into strategic planning.
- Documentation:
- Maintain detailed records of data sources, methodologies, and assumptions used in economic forecasts.
- Document the rationale behind forecasting decisions.
Qualifications:
- Master’s or Ph.D. in Economics, Finance, or a related field.
- Proven experience as an Economic Forecaster or Economist.
- Strong quantitative and analytical skills, including proficiency in statistical software.
Tasks
- Provide consulting services to government and other organizations
- Conduct analytical marketing studies
- Design, conduct and analyze quantitative and qualitative research projects
- Develop marketing strategies
- Develop and implement business plans
Supervision
- 3-4 people
Experience and specialization
Computer and technology knowledge
- MS Excel
- MS Office
- MS Outlook
- MS PowerPoint
- MS Word
Additional information
Security and safety
- Basic security clearance
- Criminal record check
Work conditions and physical capabilities
- Fast-paced environment
Own tools/equipment
- Cellular phone
Personal suitability
- Client focus
- Efficient interpersonal skills
- Excellent oral communication
- Excellent written communication
- Initiative
- Organized
- Team player
Benefits
Health benefits
- Health care plan
Financial benefits
- As per collective agreement
- Bonus
Long term benefits
- Maternity and parental benefits
Other benefits
- Paid time off (volunteering or personal days)
- Team building opportunities
- Travel insurance
Who can apply to this job?
The employer accepts applications from:
- Canadian citizens and permanent or temporary residents of Canada.
- Other candidates with or without a valid Canadian work permit.
How to apply
By mail
5770 HURONTARIO STREET suite 103Mississauga, ONL5R 3G5
How-to-apply instructions
Here is what you must include in your application:
- Cover letter
This job posting includes screening questions. Please answer the following questions when applying:
- Do you have previous experience in this field of employment?
Advertised until
2024-02-07
Here are some frequently asked questions to help you gain a better understanding of this Economic forecaster:
1. Who is an Economic Forecaster?
An Economic Forecaster is a professional who analyzes economic data, trends, and indicators to make predictions about future economic conditions. They provide insights into factors such as inflation, employment, and GDP growth.
2. What Sets Economic Forecasters Apart in the Financial Landscape?
Economic Forecasters stand out for their ability to interpret complex economic data and make informed predictions about the future. Their analyses help businesses and policymakers make strategic decisions based on anticipated economic conditions.
3. Do Economic Forecasters Need Formal Education?
Yes, most Economic Forecasters hold advanced degrees in economics, finance, or a related field. A strong foundation in quantitative analysis, statistical modeling, and economic theory is crucial for success in this profession.
4. What Skills are Essential for an Economic Forecaster?
Essential skills include proficiency in data analysis, statistical modeling, and economic theory. Effective communication skills are also important for presenting findings and recommendations to diverse audiences.
5. How Can Aspiring Economic Forecasters Gain Experience?
Aspiring Economic Forecasters can gain experience through internships, research assistant positions, or entry-level roles in economic research. Developing expertise in data analysis and staying updated on economic trends is key to building a successful career.
6. What’s the Role of an Economic Forecaster in the Business Landscape?
Economic Forecasters analyze economic data to predict trends and provide insights that help businesses make informed decisions. They may forecast factors like consumer spending, interest rates, and industry growth, influencing strategic planning.
7. Can Economic Forecasters Specialize in Certain Industries?
Yes, Economic Forecasters can specialize in various industries such as finance, healthcare, or real estate. Specialization often involves acquiring industry-specific knowledge to make more accurate predictions within a particular economic context.
8. How Do Economic Forecasters Handle Uncertainty in Predictions?
Economic Forecasters acknowledge uncertainty by providing a range of possible outcomes and emphasizing the factors that could influence predictions. They constantly reassess and update forecasts as new data becomes available.
9. What Challenges Do Economic Forecasters Face?
Challenges may include the complexity of economic systems, unexpected external shocks, and the difficulty of predicting human behavior. Economic Forecasters must navigate these challenges to provide valuable and accurate predictions.
10. What’s the Most Rewarding Aspect of Being an Economic Forecaster?
For many Economic Forecasters, the most rewarding aspect is contributing valuable insights that shape strategic decisions for businesses, governments, and investors. Successfully predicting economic trends and helping stakeholders navigate uncertainty brings a sense of accomplishment.
