Economics Analyst

Washington Suburban Sanitary Commission
Laurel - United States
S: $65,799 to $110,820

General Summary
This position is responsible for providing engineering economics assessment services to Engineering and Construction, Production, Utility Services, IT, and Logistics as required to support the Asset Management Program capital project development process and the Asset Management Program Manager, Asset Strategy Managers, and Project Managers during the asset management planning process, and analysis and revision of asset strategies.

This position works within the Asset Management Program team with a high degree of autonomy and authority in developing processes for analyzing and conducting analysis of alternative courses of action.

Essential Functions
• Researches and performs statistical, financial, economic, and cost benefit analysis to support the Asset Management Program (i.e., long range planning and triple bottomline-social, financial and environmental-analysis); the work is performed independently and is reviewed only for work outcomes, not work methods;
• Performs engineering economics assessments of alternatives, provides recommendations on the best alternatives, and documents business cases based on these analyses. These assessments may be required to compare products/equipment to establish the best time for renewal, to determine the best renewal option, to evaluate programs of work such as condition monitoring programs, or changes to an annual maintenance program, to evaluate the introduction of a new operations or maintenance strategy, or any other type of statistical, financial or economic assessment needed to support the implementation of the project validation process and Asset Management Program;
• Builds economic models; builds and maintains complex databases to support analysis, and conducts statistical research to support the Asset Management Program;
• Gathers data to support the economic modeling, program evaluation and cost benefit analysis;
• Works with Asset Management, Environmental, Engineering, Budget, Legal and other staff to configure analytic models such as benefit/cost and business risk reduction models to assign and update equivalent money values to benefits as required;
• Serves as technical advisor and resource to other teams and groups to support the Asset Management Program;
• Works with Asset Strategy Managers to assign and update equivalent money values to failure consequences; maintains a database of consequence of failure scoring elements and their equivalent money values; evaluates actual consequence of failure economic impacts for consequences other than direct response and restoration costs.

Required Knowledge, Skills, And Abilities
• Possession of technical and advanced knowledge of economics, analytical techniques, economic theory and methodology, statistical theory and methods, including analysis of socio-economic costs;
• Advanced database, financial and statistical analysis, and spreadsheet skills;
• Ability to work with and provide services to a diverse group of clients;
• Ability to stay current with the leading tools and techniques required to support economic analysis and modeling;
• Ability to work collaboratively within a team and facilitate outcomes;
• Strong written and verbal communication skills.

Minimum Education, Experience Requirements
• Bachelor's degree in economics, finance, or other field involving extensive course work in economic and financial theory and analysis;
• 4 years professional experience in engineering economics and financial research and analysis.

Job summary