ECONOMIC CONSULTING ASSOCIATES

INTERESTED IN A CAREER AT ECA?

Economic Consulting Associates is a London based economics consultancy advising clients on markets, regulation and policy in the energy, water and other infrastructure sectors in the UK and internationally.

We are a small but well-established company that is now expanding fast to meet demand from our clients. To meet this demand, we need to recruit additional members for our team.

WHO WE ARE LOOKING FOR >

WHO WE ARE LOOKING FOR >

We are interested in hearing from outstanding experienced individuals interested in joining ECA. We would welcome your application if, like other ECA consultants, you enjoy playing a key role within a small, dynamic consulting firm.

 

Analyst

We are currently looking to hire Analysts in our London or Athens office to join our growing team of consultants to start in September 2020. The successful candidate will be involved across a wide range of activities including quantitative economic and financial modelling, research in the latest developments in infrastructure economics and active involvement in business development. ECA’s flat hierarchical structure means that you will be working closely with our senior experts providing you with opportunities to quickly develop your skill set in infrastructure and regulatory economics. We encourage exposure to a wide variety of topics, sectors and geographic regions for Analysts, who are free to choose the area of specialisation later on in their careers. The minimum requirements for the candidate are:

  • Economics, engineering, finance or energy related degree (MSc or PhD)
  • excellent written English with good report writing and presentation skills
  • high level of numeracy with very good modelling skills
  • willingness to travel internationally
  • keen interest in contributing to business development

Please send a letter outlining why you are interested in the position at ECA together with your CV to recruit@eca-uk.com until 6 December 2019. Please note: our Analyst positions are to start in September 2020.

 

Senior Consultant

We have now filled this role, thank you for your interest.

 

Intern

We are no longer accepting applications for the 2019 internship position. More details will be published on our website for next year’s internship early in the new year, please keep an eye out on this page from February 2020

WHAT WE OFFER >

WHAT WE OFFER >

Working for ECA, you will be contributing to a variety of projects and also play a role in business development. We operate with the highest professional standards in the international arena, while fostering an atmosphere of innovation and creativity. We believe that people work best when they are motivated to achieve high quality results in a friendly and supportive environment.

ECA offers an attractive salary and a profit-related bonus.

Working for ECA, you will be involved in a cross-section of different working areas as well as sectors. While we encourage our staff to work across the breadth of our work streams, you will get the chance to specialise in one sector or work stream should you wish to do so.

Our work ranges from detailed problem analysis to high level policy advice presented directly to senior client and government representatives. We work in 4 continents and over 65 countries; you will have the opportunity to travel and work in very varying environments at an early stage of your career. Delivery of excellent projects for our clients involves teamwork and continuous improvement in our economics and consulting skills.

WORKING AT ECA >

WORKING AT ECA >

Image of Nick Haralambopoulos, Managing Consultant at ECA

Nick Haralambopoulos, Director

What is your background?

I am an economist with a Master’s degree from Monash University in Melbourne, Australia. I have lived and worked in Australia, Greece and the United Kingdom, and have also worked extensively in other countries, predominantly in South Eastern Europe (e.g. Bulgaria, Cyprus, Romania, Western Balkans), in the former Soviet Union countries (Azerbaijan, Georgia, Kazakhstan, Ukraine) and a collection of others (e.g. Egypt, Vietnam).

What’s it like working at ECA?

ECA is a small company and therefore unaffectedly fosters a common sense of purpose and a culture of belonging, commitment and teamwork. All staff are encouraged to participate and contribute in all aspects of ECA work and have the opportunity to share and develop ideas and innovative solutions with colleagues. ECA also combines flexible working arrangements (working from home is not frowned upon) with a strong international focus and the opportunity to work in varied country, economic and cultural settings. At ECA, one has the opportunity to work on some of the most interesting utility and economic challenges and to contribute to their actual (and not just theoretical) solution.

How will ECA help my career development/help me improve my skill set?

ECA provides a fertile ground for continuous development of knowledge and skills. I believe this is a function of at least three important factors. The first is the nature of the projects we win and undertake, which necessarily require us to address complex problems. The second is the extensive expertise of colleagues who openly share their knowledge and candidly challenge ideas, approaches and recommendations. The third is an absolute commitment to provide high-quality advice to clients that meets (and even surpasses) their expectations and upholds ECA’s reputation for excellence.

What type of projects do you typically work on?

Although the projects I have worked on are diverse, one common theme has been the establishment of prices or pricing principles that are consistent with a number of objectives such as efficiency, cost recovery and fairness. For example, I have managed an electricity tariff study in Cyprus, advised the Northern Ireland and Greek regulators on comprehensive changes to the revenue and pricing regulation of electricity transmission and distribution, and helped develop gas pricing options for both Egypt and Vietnam in the context of planned market liberalisation. Another work aspect has entailed the restructuring and opening of energy markets to competition; for example, I recently completed projects in Egypt and Ukraine that examined extensive market reform options, with a particular emphasis on the separation of potentially competitive from natural monopoly activities and the introduction (or further promotion) of competition in production and supply. An additional and more recent area of involvement has been energy efficiency, where I have been managing the EBRD’s “Energy Efficiency Framework – Policy Dialogue” in the Western Balkans (under the auspices of the Regional Energy Efficiency Programme or ‘REEP’), which seeks to address systemic barriers to the realisation of energy efficiency improvement projects and the deployment of energy efficient technologies in the countries of relevance.

Am I expected to present to clients? Who are the typical clients you work for?

Presenting to clients is an important part of our work and in many cases represents the most effective means for communicating our methodologies, findings and recommendations. We undertake formal presentations at major project milestones (such as the delivery of interim and final reports), but we also need to present at ad hoc meetings with various stakeholders where key issues are to be discussed and analysed. The clients I have worked for to date are the Agency for the Cooperation of Energy Regulators (ACER), the Electricity Authority of Cyprus (EAC), the European Bank for Reconstruction and Development (EBRD) and relevant energy and other portfolio ministries in the EBRD’s countries of operation, the Hellenic Republic Asset Development Fund (HRADF), the Natural Gas Authority of Israel, the Northern Ireland Authority for Utility Regulation (NIAUR), the Regulatory Authority for Energy (RAE) in Greece, and the World Bank together with corresponding beneficiary entities such as the Ministry of Petroleum in Egypt and the Ministry of Energy and Coal Industry of Ukraine.

Which countries have you covered in your time at ECA?

So far I have worked, or I am currently engaged, on projects in Albania, Bosnia and Herzegovina, Croatia, Cyprus, Egypt, FYR of Macedonia, Great Britain, Greece, Israel, Kosovo, Serbia, Northern Ireland, Ukraine and Vietnam. I also worked on a World Bank project that had broad worldwide coverage and another assignment for the Europe-wide energy regulator, ACER, covering all EU Member States.

What is the best thing about working at ECA?

The key benefit for me is definitely the opportunity to undertake interesting work in a congenial and productive work environment, while also maintaining a healthy work-life balance.

Image of Tatiana Tumenggung, Senior Consultant at ECA

Tatiana Tumenggung, Senior Consultant

What is your background?

This is complicated… I am an Indonesian born Kiwi, and I have lived and worked in Jakarta, Auckland, Wellington, Melbourne and now London. I did my Bachelor degrees, in Art (Philosophy) and in Engineering (Mechanical) in Auckland University, New Zealand, and completed my Master’s degree in Public Policy and Management in Monash University in Melbourne, Australia.

What’s it like working at ECA?

Like a box of chocolates – you never know what you are going to get (this is the first thing that comes to my mind when reading this question!). The point being, it is never boring here at ECA. The projects are interesting and challenging and keep you learning all the time.

How will ECA help my career development/help me improve my skill set?

ECA has built my confidence as a consultant through encouraging me to take on new responsibilities, and challenges me to have an opinion and develop my own solutions. Having the freedom to think outside the box and debating the issues and solutions with more experienced ECA staff, I become more confident in tackling the problems we have to solve in the projects and in general more confident as a consultant.

What type of projects do you typically work on?

I work mostly on water sector projects, including finding ways to finance much needed water supply and sanitation infrastructure, tariff studies and policy development, plus water resource management and development. I also work on gas sector projects, including gas demand-supply modelling, market and security of supply analysis and policy development. Recently, I’ve started to work on the electricity sector, which is a great opportunity to learn new things yet again!

Am I expected to present to clients? Who are the typical clients you work for?

For my projects, the clients are mostly development banks such as the World Bank, African Development Bank, EBRD and Asian Development Bank. However, these clients are mostly the financiers, and we work closely with the ‘real’ clients, i.e. the government departments and/or regulators in the project country. And yes, I have presented to clients, plus participated and presented in workshops, although not expected of me. The Project Directors will give you the opportunities and you may take them on. And there is always a lot of support from the more senior or more experienced members of the team, so you never feel abandoned, even when you are on your own in a new country and presenting to a new client.

Which countries have you covered in your time at ECA?

Countries visited: Zambia, Zimbabwe, Sierra Leone, Uganda, Indonesia and Fiji. Countries covered but not visited: Kenya, Tanzania, Rwanda, Ethiopia, Bulgaria, Macedonia, Israel, Australia and Iraq.

What is the best thing about working at ECA?

The environment – and I don’t mean the large park just around the corner, or the nice cafes down the road – I mean the fact that ECA does a lot of serious and large projects but the working environment is never stressful! Sure we sometimes have long hours and super busy times but the way my colleagues handle stressful periods is amazing. You can still hear laughter in the office even when everyone is flat out! Work-life balance is highly encouraged and I am loving it!

Image of Andrew Tipping, Consultant at ECA

Andrew Tipping, Managing Consultant

What is your background?

I am a born and bred New Zealander, having done all my schooling and my first stint at university there. I originally studied real estate and commerce, majoring in finance, going on to spend three years working in investment banking in New Zealand. I moved to the UK in 2008 to study international development at the London School of Economics, and then worked for a company developing agriculture businesses in Africa for 18 months, before joining ECA in November 2011.

What’s it like working at ECA?

Intellectually stimulating and challenging, while also being fun. We’re constantly learning on each new project, so it’s very hard to get bored.

How will ECA help my career development/help me improve my skill set?

You will learn a mixture of technical and professional skills: technical, such as power market development, renewable energy promotion regulatory frameworks, tariff calculations; professional, such as report writing, project management, economic and financial modelling.

What type of projects do you typically work on?

With a background in finance, I tend to work on projects with financial angles, such as financial modelling or financing of investments. But I also work on a full range of projects in energy and water, including things like business model development, regulatory frameworks and governance.

Am I expected to present to clients? Who are the typical clients you work for?

If you want to, then you can! It is definitely encouraged, and there are opportunities to improve and receive feedback. Clients tend to be the large multilateral development organisations, e.g. the World Bank, Asian Development Bank, EBRD, but also regulatory agencies or consumer bodies.

Which countries have you covered in your time at ECA?

Bhutan, Djibouti, Egypt, Kenya, Lesotho, Macedonia, Moldova, Mozambique, Philippines, Tanzania, Uganda, United Kingdom, Vietnam, Zambia, Zimbabwe so far, with others lined up for the future already!

What is the best thing about working at ECA?

A great blend between interesting work and friendly, open team environment for working. There is always variety in the projects and variety in the team dynamic in the office – laughter is regular!

Eleni Adamopoulou, Senior Consultant

What is your background?

I was born in Greece and I moved to the UK to study Economics when I was 18. I obtained a Bachelor’s degree (First class) in Economics from the University of Southampton and an MSc in Health Economics from the London School of Economics. Before joining ECA, I did an internship at the UK Department of Health and a traineeship at the European Commission in Brussels, Belgium.

What’s it like working at ECA?

You never get bored working at ECA. One day I may be conducting research on the Bulgarian electricity market and the next day attending a meeting with our clients in Zimbabwe to discuss our report findings regarding a solar electrification project. The ongoing success of the company in winning projects funded by reputable clients throughout the world means different challenges and rewards come every day.

How will ECA help my career development/help me improve my skill set?

The main asset of ECA is its people. From the first day in the office you get to work on real projects, along with some of the brightest people in the industry with many years of experience and worldwide recognition. We work in an open plan office, whereby junior members are always encouraged to ask questions and senior consultants are always eager to help you improve your skills by making suggestions and comments on the reports.

What type of projects do you typically work on?

I work on energy related projects, specialising in renewable energy and power markets, including tariff estimation, cost-benefit analysis, feasibility studies and regulatory framework analysis. I have also worked on a number of gas policy development projects.

Am I expected to present to clients? Who are the typical clients you work for?

Our clients include international organisations, such as the World Bank and the Asian Development Bank, plus energy regulators such as Ofgem. It’s mainly the Directors that present the findings to clients, but analysts and senior consultants participate in business trips and actively contribute to client meetings.

Which countries have you covered in your time at ECA?

I have mainly worked in Western Balkan Countries (Serbia, Moldova, Croatia, Albania, Montenegro) and Eastern Europe (Bulgaria, Romania, Greece, Turkey), but I also have experience in Africa (Djibouti, Kenya).

What is the best thing about working at ECA?

The culture of ECA is what makes it unique. Here, there is a real sense of ‘team spirit’. Directors and senior consultants are very approachable and there is no distinction between ‘us’ and ‘them’ that you may find in other companies. Also, it’s great to know that you work for one of the best firms in the industry- ECA’s high quality reports and its commitment to striving for excellence has contributed to its high reputation and success.

David Williams, Managing Consultant

What is your background?

Brought up in northwest England, I ventured south to Bath University for my undergraduate degree in Mechanical Engineering. After graduation, while working on renewable energy projects in Japan and China, my interest in the policy, economics and regulation of the field was ignited and so upon return to England I undertook a Masters’ degree in Energy Policy from the University of Exeter. Following a number of years working on strategy and policy of renewable energy, I joined ECA in summer 2013.

What’s it like working at ECA?

ECA’s philosophy towards staff is firmly focused on outputs. Confidence and trust is invested in staff from day 1, flexibility afforded and the opinions of all employees are sought and listened to. Colleagues are very supportive when required, yet personal initiative is expected. For a small team we have an incredibly diverse range of backgrounds both geographically and academically which provides a richness to discussions both of a work and non-work nature.

How will ECA help my career development/help me improve my skill set?

ECA has broadened and deepened my knowledge of the economics and policy of the energy sector, both in terms of industry areas and countries of work experience. With a huge amount of expertise held by fellow staff members, opportunities to learn new skills arise on almost every project undertaken. The fact our “typical project” is most clearly characterised by its uniqueness is a key driver in ensuring continued learning on the job.

What type of projects do you typically work on?

The projects I have been involved in during my time at ECA have been too diverse to define a typical project. I have worked in energy efficiency regulatory development in the West Balkans, on the impact of market coupling for the United Kingdom, on renewable energy tariffs in Kazakhstan and on gas utilisation in Ghana.

Am I expected to present to clients? Who are the typical clients you work for?

I consider presenting to be one of the most enjoyable aspects of a project, allowing for personal interaction with clients which helps cement working relationships and ensure frank and open discussions are held regarding project outputs and findings which enrich the value they provide the client and give us greater satisfaction regarding what we have delivered. My client types have spanned government departments, industry regulators and project lenders.

Which countries have you covered in your time at ECA?

In my time at ECA I have worked on projects in the UK, the West Balkans, Indonesia, Vietnam, Kazakhstan, Rwanda and Ghana.

What is the best thing about working at ECA?

The people. It is a company where you feel everyone is pulling in the same direction towards common goals, where everyone has the capabilities to provide a big contribution to that effort, and yet to do this within a friendly and relaxed atmosphere.

Marta Chojnowska, Analyst

What is your background?

I studied economics at University College London (both bachelor’s and master’s programmes). After completing my undergraduate course, I started working in the banking sector, where I was involved in credit risk analysis in emerging markets. In the following year, I returned to UCL to study for my master’s degree. During my graduate coursework, I developed interest in the energy sector and international development work and subsequently applied to work at ECA. I joined the company in October 2017.

What’s it like working at ECA?

What I find appealing about working at ECA is the type of work that we do and the variety of projects that we are exposed to. I perceive each new project as an opportunity to become more knowledgeable about my field of work, which makes the work intellectually stimulating. Furthermore, contributing to the development of the power sector internationally gives a sense of purpose and commitment. Given the company’s size, you will be encouraged to take ownership of projects while working with more senior colleagues who are always willing to share their expertise.

How will ECA help my career development/help me improve my skill set?

I believe that the best way to develop one’s skills is to learn by doing, and that’s exactly what happens at ECA. From the outset, you will be exposed to challenging, but rewarding work. If our daily work is not enough to keep your mind occupied, ECA has introduced a training programme which helps with further professional development. In my case, ECA sponsored the exam fees for my Chartered Financial Analyst (CFA) exams.

What type of projects do you typically work on?

Due to my background in econometrics and finance, I tend to work on projects that have a significant modelling component and /or projects with a financial angle. These include cost of service studies, power development plans and regional trade studies.

Am I expected to present to clients? Who are the typical clients you work for?

I consider presenting to clients an important part of our work. It gives us a chance to understand the client’s needs better and to build successful working relationships. Nevertheless, I appreciate that delivering a presentation can appear stressful. In my case, the presence of more senior colleagues helped with the initial “stage-fright”. The typical clients I work for include development organisations, governments and industry regulators.

Which countries have you covered in your time at ECA?

Mostly countries in Sub-Saharan Africa, but also Lebanon, Fiji and the Western Balkans. During my work at ECA, I have visited Eswatini, Mozambique and South Africa.

What is the best thing about working at ECA?

The meaningful work that we do and the people I get to work with. The work, because we contribute to the development of the power sector internationally. The people, because I get a chance to work with colleagues, who are not only smart, but also fun to be around with.

Mo Uddin, Senior Consultant

What is your background?

I studied Philosophy, Politics and Economics at University. After leaving university, I worked briefly in London before long term placements in Nigeria, Sierra Leone and Pakistan working on infrastructure finance and governance reform. Before ECA, my experience of the energy and water sector was limited to the financing of individual projects in these sectors.

What’s it like working at ECA?

ECA is a great work environment. The structure is very flat, and team leaders on an individual assignment leave it up to you on how independently you want to work. The approach is both highly empowering but also very challenging since it puts you in the driving seat.

How will ECA help my career development/help me improve my skill set?

I joined ECA wanting to work in more developed and middle-income countries – I had previously worked in Sub Saharan Africa and South Asia. To make this transition happen I needed to develop robust technical skills and gain exposure to the relevant assignments. ECA helped me develop through a programme of specialised training and on the job mentoring. The mentoring provided by senior experts has been phenomenal and an aspect of ECA that I have really appreciated.

What type of projects do you typically work on?

I don’t consider there to be a typical project at ECA. However, all my projects include a commercial or economic element to them – my experience has ranged from advising on the commercial elements of a power purchase agreement to tariff reviews and market assessments to encourage investment.

Am I expected to present to clients? Who are the typical clients you work for?

Yes, though I have always been guided to assess my ability and comfort level. I remember a particularly complex presentation where I was struggling to distil the narratives and the sub-narratives into clear messages. I requested support from my colleagues, and they convened for a mock run of the presentation to provide feedback. My clients are a mixed bunch – they are typically regulators, state-owned enterprises or international financial institutions. I appreciate the diversity of clients with different priorities and focus areas.

Which countries have you covered in your time at ECA?

I have worked on projects in Cyprus, Palestine, Indonesia, Kosovo, Laos, Malaysia, Namibia and of course the UK. The list of countries is diverse, and when travelling for projects I typically try to tag on a day or two of leave to explore the new geographies I am working in – this adds a very human dimension to my work which I find extremely rewarding.

What is the best thing about working at ECA?

I think the exposure to senior experts (the directors) and the clients is the best thing about working at ECA. Directors typically have 25+ years of experience, and each assignment is an opportunity to draw upon that experience to build your skillset. Our clients are senior and/or rising leaders within their institutions – typically they demanding but also very accessible which makes the assignments extremely engaging and practically relevant.

HOW TO APPLY >

HOW TO APPLY >

To follow up your interest in opportunities for relevant and challenging work at the forefront of your field, email your CV and a short motivational letter (please send all documents in .PDF format), explaining your interest and suitability for joining ECA, to us at recruit@eca-uk.com. Please also state your availability (your notice period with your current employer).

Once we have received your application, we will review your CV and cover letter and if successful we will invite you for a first interview. This will be via phone or in person depending on where you are currently based. We will then re-evaluate your application and invite you for a second interview with more senior staff if successful. Based on this we will make you an offer or provide feedback on why your application has not been successful.

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