Senior Macroeconomic Modeling Expert

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Job Requirements

Education

• PhD or Master s degree in Economics, Econometrics, Applied Economics, or a closely related field.

Experience

• 8 10 years of experience in macroeconomic modeling and applied policy analysis.
• Demonstrated experience developing or maintaining macro-structural econometric models in policy-oriented institutions, such as central banks, ministries, or international policy institutions (e.g., IMF, World Bank).
• Experience with emerging or resource-rich economies; GCC or Middle East experience is an advantage.

Technical Skills

• Strong expertise in:
• Macro-structural modeling
• Econometric estimation and time-series analysis
• National accounts, fiscal frameworks, and balance-of-payments analysis
• Proficiency in tools such as EViews, MATLAB, R, Python, or similar platforms.
• Ability to manage and construct consistent macroeconomic datasets.

Core Competencies

• Strong economic intuition and policy focus.
• Ability to communicate complex analytical results clearly to senior stakeholders.
• Familiarity with data visualization and presentation tools, including the use of advanced visualization platforms and AI-enabled tools to translate model outputs into clear charts, dashboards, and policy-ready visuals.
• Excellent written and verbal communication skills in English (Arabic is an advantage).

macro-structural modeling proficiency in tools such as eviews, matlab, r, python, or similar platforms. national accounts balance-of-payments analysis econometric estimation ability to communicate complex analytical results fiscal frameworks familiarity with data visualization and presentation tools strong economic intuition and policy focus excellent written and verbal communication skills time-series analysis ability to manage and construct consistent macroeconomic datasets

Role Overview

Senior Macroeconomic Modeling Expert to develop, maintain, and apply a macro-structural econometric model supporting macroeconomic forecasting, medium-term economic outlooks, and policy analysis for the Saudi economy. The role ensures internally consistent macroeconomic assessments across the real, fiscal, external, labor, and price dimensions of the economy, in support of forecasting, strategic planning, and evidence-based decision-making.

Key Responsibilities

Model Development and Maintenance

• Design, develop, and maintain a macro-structural econometric model for the Saudi economy.
• Develop and update core model blocks covering:
• Real economy, consumption, investment, and savings
• Fiscal sector and debt dynamics
• External sector (trade, current account, capital flows)
• Labor markets, wages, prices, and inflation
• Ensure internal consistency with national accounts, fiscal data, and balance-of-payments frameworks.

Data, Estimation, and Calibration

• Build and maintain a comprehensive macroeconomic database using Saudi and relevant international data sources.
• Estimate and calibrate behavioral equations using appropriate econometric techniques.
• Document model structure, assumptions, parameters, and data sources in a transparent manner.

Scenario Analysis and Policy Applications

• Develop baseline macroeconomic projections and alternative policy scenarios aligned with national priorities.
• Conduct policy simulations related to fiscal reforms, diversification, labor market policies, investment programs, trade, and localization.
• Translate model results into clear, policy-relevant insights for decision-makers, including impacts on growth, employment, inflation, fiscal balance, and external accounts.

Capacity Building and Institutionalization

• Support internal capacity by training analysts on model use, interpretation, and updates.
• Contribute to institutionalizing the model as a recurring analytical tool through clear documentation and standardized workflows.