Economist – Essex Renewal Fund - Working for Essex
Salary: Up to £48,728 per annum
Closing date: 07 Dec 2022
Location: Chelmsford
Hours: Full-time
Req ID: 9351
Role: Economic Development
About the role

Economist – Essex Renewal Fund

Permanent, Full Time

Up to £48,728 per annum

Location: Chelmsford

Working Style: Anywhere worker

Closing Date: 7th December 2022

The Opportunity

The Essex Renewal Fund (ERF) is a revolving investment fund for complex land and property projects, and supports the Council’s commitments to good jobs, future growth and investment, green growth and levelling up the economy. Over the next 20 years, the Fund aims to invest over £100m, supporting 1,500 jobs and bringing to market enough land to deliver 1,000 new homes.

When you join us in this role you’ll be responsible for maximising value for money, securing grant funding from HM Government and securing internal ECC approvals for ERF projects. You’ll lead on business case development, negotiate funding agreements and appoint and contract manage socio-economic consultants. You’ll also advise on market failures, equalities and environmental sustainability.

You’ll be supported by an investment management and real estate consultancy firm, will direct multi-disciplinary professional teams including socio-economic consultants, and work closely with ERF’s in-house development manager and programme coordinators.

Accountabilities

Lead on preparing high-quality businesses cases in compliance with HM Treasury’s Green Book and other relevant guidance and best practice.

· Lead on financial and economic appraisal in compliance with HM Treasury’s Aqua Book and other relevant guidance and best practice.

· Advise on monitoring and evaluation in compliance with HM Treasury’s Magenta Book and other relevant guidance and best practice.

· Lead on securing grant funding from HM Government, including negotiating funding agreements and supporting ECC’s Legal and Finance teams to complete transactions.

Coordinate accurate and timely inputs from multi-disciplinary teams, including real estate, design and technical consultants, and lead on contract managing socio-economic consultants during RIBA Stages 0 to 2.

Ensure that projects align with local priorities, and lead on considering how equality between different groups of residents can be increased.

Lead on helping decision-makers to understand the opportunities and risks of different options.

Ensure that internal and external colleagues are clear in their direction, and role model behaviours so that teams are highly motivated and productive.

Ensure that strong budgetary control and financial management is undertaken throughout your areas of responsibility, with robust evidence of progress, efficiency and value for money.

Advise how the value for money of Council spending can be improved, proactively identify and manage risks, and prioritise what is most important and urgent.

Reflect on project performance, draw insights and apply lessons learned to ensure continuous improvement.

Represent ECC credibly when liaising with stakeholders, and promote health and safety, environmental sustainability and quality management in a positive and constructive manner.

The Experience You Will Bring

· An appropriate professional qualification relevant to the field of economics or real estate, or equivalent experience

· An appreciation of economic development, place-based regeneration and the public sector’s role in securing positive outcomes for residents and businesses

· Extensive experience of preparing public sector business cases for capital projects, with a strong track record of progressing schemes from inception through to funding approval

· Proven experience of preparing high-quality businesses cases for public sector intervention, financial and economic appraisals, and securing grant funding from HM Government

· Proven experience of coordinating accurate and timely inputs from multi-disciplinary teams during RIBA Stages 0 to 2

· Proven experience of options appraisal, stakeholder engagement and risk identification and management

· Sound understanding of HM Treasury’s Green Book, Aqua Book and Magenta Book

· Sound understanding of market failure, equalities, monitoring and evaluation, and environmental sustainability

· Excellent written and verbal communication, interpersonal, negotiation and listening skills

· Evidence of continuing professional development and expert knowledge in a relevant professional area

· An appreciation of land and property market dynamics is highly desirable but not essential

To read more about us please visit: https://www.workingforessex.com/role/economy-investment-and-public-health/

Why Essex?

Essex County Council has a location to be proud of. Our 1,300 square miles stretch from Constable Country to the Thames Estuary, from the dynamic M11 corridor to the traditional seaside resorts of Clacton and Walton. England’s oldest town, Colchester, and two of its newest – Basildon and Harlow – are right here. Along with the City of Chelmsford, the county town, they form our major population centres. It means real choice and makes Essex the ideal place for your career. Read more about us here.

Essex County Council is proud to be a Disability Confident Leader. We’re committed to interview all disabled applicants who choose to apply under our Job Interview Scheme if they meet the minimum requirements of the job. Please speak to our Recruiters if you require any reasonable adjustments during the process.

We’re also committed to interview all veterans and care leavers, who meet the minimum requirements of the role for which they are applying.

Essex County Council is proud to offer an excellent benefits package to all its employees. More information can be found here pay and reward

What you should do next

If you are interested in finding out more about this role, we would love to hear from you. Please apply via the Working for Essex website.

As part of employment with Essex County Council (ECC) should your role require a DBS check you will be required to register with the DBS update service. The DBS update service ensures all registered DBS certificates are kept up to date and allows authorised parties to view the status of your certificate. This is an annual subscription, and you will be responsible for ensuring this is maintained. For further information on the DBS update service please go to https://www.gov.uk/dbs-update-service

Essex County Council is committed to safeguarding and promoting the welfare of children and vulnerable adults and expects all employees and volunteers to share this commitment.

If you would like to be kept up to date on other relevant opportunities, blogs, news, events and industry related news at Essex County Council, please join The Essex Talent Community here .

If you have queries on this role or require anything further, please email resourcing.team@essex.gov.uk