Economic Life Care Analyst
About Specialist MD Specialist MD partners with personal injury law firms to provide high-quality, medically supported life care plans and related services. We support a national network of firms and their clients by coordinating with medical experts, organizing complex medical and cost-of-care information, and delivering defensible analyses for litigation and settlement. We are seeking a highly skilled Economic Life Care Analyst (ELCA) to develop, model, and analyze lifetime economic damages in personal injury matters, working in close collaboration with our clinical and life care planning teams. Role Overview The Economic Life Care Analyst (ELCA) is responsible for quantifying the lifetime economic impact of personal injuries, including future medical and care costs, loss of earnings, loss of earning capacity, household services, and other economic damages. You will translate life care plans and clinical assessments into clear, structured, and defensible economic analyses suitable for mediation, arbitration, and trial. This role works hand-in-hand with life care planners, medical experts, and plaintiff law firms to ensure that all assumptions, methodologies, and calculations are transparent and aligned with accepted standards. Key ResponsibilitiesEconomic Modeling & Analysis
- Develop comprehensive economic damages models using life care plans, medical records, and vocational assessments.
- Calculate the present value of future medical, care, and rehabilitation costs using established methodologies.
- Model lost wages, lost earning capacity, fringe benefits, and household services.
- Apply appropriate discount rates, inflation assumptions, wage growth, and life expectancy data.
- Conduct wage, labor market, and occupation-specific analyses relevant to the injured individual.
Reporting & Litigation Support
- Produce clear, well-organized economic reports and visual exhibits for litigation and settlement.
- Ensure all calculations and assumptions are defensible, consistent, and meticulously documented.
- Review and evaluate opposing economic reports to identify methodological weaknesses or inconsistencies.
- Support attorneys by explaining economic concepts, assumptions, and sensitivity analyses.
Collaboration & Quality Assurance
- Work closely with life care planners to align economic models with clinical recommendations.
- Coordinate with medical experts to clarify assumptions and ensure accuracy in long-term cost projections.
- Maintain strong quality control standards across all analyses, models, and deliverables.
- Contribute to ongoing improvement of internal templates, models, and methodologies.
Qualifications
- Advanced degree in Economics, Finance, Data Analytics, or a related quantitative field preferred (Master's or higher strongly preferred).
- 3+ years of experience in economic damages, forensic analysis, personal injury, medical malpractice, or similar analytical work.
- Strong understanding of microeconomics, statistics, and present value analysis.
- Demonstrated experience modeling long-term future costs, earnings, and economic losses.
- High proficiency with Excel and quantitative tools for complex modeling.
- Excellent written and verbal communication skills—capable of explaining technical concepts clearly to non-experts.
- Exceptional attention to detail, accuracy, and documentation.
- Experience in litigation, expert support, or working with attorneys is a significant plus.
Key Competencies
- Analytical Rigor: Applies sound economic and statistical principles consistently.
- Detail-Oriented: Ensures accuracy in calculations, assumptions, and documentation.
- Communication: Distills complex analyses into clear, persuasive narratives.
- Collaboration: Works effectively with clinical experts and legal teams.
- Professionalism: Understands deadlines, standards, and expectations for litigation work.
Location & Work Environment
- Remote (United States)
- Maximum of 20 hours per week, with flexibility to meet case deadlines and attorney needs.
Pay: $75.00 - $100.00 per hour Work Location: Remote Apply tot his job Apply To this Job