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Marsh & McLennan Companies

NERA Research Officer/ Economic Analyst - Auctions, London

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For half a century, NERA’s economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world’s leading law firms and corporations. We bring academic rigour, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA’s clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world’s largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.

We have an opening for a full-time research officer/ economic analyst in the auction practice in our London office.

NERA is a leading global advisor to government agencies and private-sector companies on the design and implementation of auctions and bidding processes for procurement. We also advise bidders on bid strategy for high stakes auctions and on responses to government consultations on award processes. Our consultants have design and strategy experience with all types of auction formats, including sealed bids, simultaneous multiple round auctions, ascending and descending clock auctions, and combinatorial bidding. Our advice is grounded in a thorough understanding of the academic literature on game theory, and practical experience with all aspects of auction implementation and bidding.

Our auction advisory work spans many industry sectors. NERA pioneered the use of auctions to procure energy for retail customers from existing market resources. We administer solicitations that encourage the development of solar energy. In radio spectrum, our consultants work around the world to implement awards of frequency licenses for mobile telephony, wireless broadband, and other communication services. We are also experts in adapting auction formats to other products and uses, such as airport slots, financial instruments, procurement and trading platforms, and universal service subsidies.

Candidates should hold a BA/BSc and Master’s in Economics, with exceptional academic records. Candidates should have strong microeconomic skills, with some understanding of, and interest in game theory. Qualified candidates must be detail-oriented, able to think analytically and critically, and have excellent oral and written communication. Candidates should be able to work autonomously when required, as part of a global team. Business level English is required and business level fluency in an additional European language is preferred but not required. The successful candidate will be required to travel.

Candidates with some consulting or industry experience, with good modelling and report writing skills would also be considered. Auction and/or spectrum experience would be an advantage but is not required.

To apply for this position, please submit your CV, cover letter, writing sample and transcripts directly to this posting.

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