Job Location: Chicago, IL
JOB SUMMARY
Assist Director Economic Planning with economic research, analysis, planning and forecasting activities in support of the Marketing team’s goals. The Economic Analyst will support the long-range business plan, produce Board materials, manage regular forecast updates, track industry data and statistics, develop forecasting models and provide economic analysis and reporting. Analyst will prepare written content describing the economy and its impact on the Company’s business and for the wider industry. Ad-hoc analytical work will support the overall Marketing and Fleet team.
ESSENTIAL RESPONSIBILITIES
% Time Spent – Brief description of key tasks and accountabilities
10% – Data staging: Manage, organize and update internal and external data used by the group.
15% – Advanced analytics: Perform exploratory, prescriptive and visual economic analysis.
20% – Economic modeling: Develop and run econometric models to forecast economic indicators (imports, housing starts, auto production, etc.) and rail (intermodal, carload and general equipment) loadings.
15% – Economic writing: Generate written content for TTX Economic Monitor, TTX Business Plan as well as for industry clients.
15% – Presentations: Summarize economic analysis and forecast updates in PowerPoint presentations for Marketing team, senior leadership, Board of Directors and industry partners.
15% – Reports: Develop, manage and update reports that the group uses to evaluate business performance and forecast variance. Provide application and context with the reported data.
10% – Ad-hoc/Continuous improvement: Assist the group with ad-hoc requests and projects, evaluation of current processes for process improvement and the development of new analysis tools.
SUPERVISOR RESPONSIBILITY
Yes: No: x
QUALIFICATIONS
Education: Bachelor’s Degree in economics (including econometric coursework) is required; Master’s Degree candidate is preferred.
Experience: Candidates should have 1-2 years of work experience with a demonstrated applicable background; logistics industry experience is a plus.
Economic skills: Economic theory and economic analysis skills are required as well as a demonstrated history of applying macroeconomic and microeconomic theories to industry cases; rail, transportation or logistics industry experience is plus.
Strong quantitative skills: Advanced statistics/econometric skills are required, time series knowledge and forecasting experience preferred (project or practical experience).
Strong data skills: Must have experience with data collection, cleaning, verifying and general organization and prepping for analysis.
Advanced analytical skills: Prescriptive and exploratory analysis, build visual tools, ability to interpret data and findings from econometric models; use an inquisitive approach to how analysis can be streamlined and documented and recognize the need for new tools or analysis.
Critical thinking: Conduct research, problem definition, root cause analysis, propose new approaches and look for ways to improve processes
Strong communication and writing skills: communicate facts, findings and recommendations to both technical and non-technical audiences. Knowledge of InDesign publishing software is a plus.
Technical knowledge: Statistical software (some programming as well) experience with any of the following: STATA, SAS, EViews; Python is a plus as is experience with Tableau or Power BI. Experience with SQL server or any database query skills are also a plus.
TRAINING MILESTONE
None
PHYSICAL JOB REQUIREMENTS
(The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.)
General office environment; may be required to travel. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit (remain stationary within work area) and use hands to finger, handle, feel and reach. The employee is occasionally required to move about (stand, walk). The employee must occasionally lift and/or transport up to 10 pounds. Correctable vision required for close, distance, and color vision capabilities.
The above job description is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements.
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