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- Tasks: Manage operational cost processes and governance for HS2 Ltd's Operational Cost Baseline.
- Company: Join HS2 Ltd, the UK's new high-speed rail network, boosting economy and creating jobs.
- Benefits: Enjoy a flexible benefits fund of 20% on top of your salary and competitive perks.
- Why this job: Be part of a diverse team promoting equality and inclusion while driving impactful projects.
- Qualifications: Experience with complex cost models and commercial analysis in public sector or project environments.
- Other info: Must have the Right to Work in the UK; no sponsorship available.
The predicted salary is between 43200 - 72000 £ per year.
Salary: Depending on skills and experience. In addition, we offer flexible benefits fund of 20% which is paid on top base salary and is fully pensionable, as well as a range of competitive benefits – check them out in the Benefits section on our website.
HS2 Ltd endeavours to ensure everyone working for us and with us feels included, thrives and achieves their full potential. In practice, this means we are positive and inclusive about making adjustments, providing flexible working, encouraging our staff networks to flourish and providing personal and professional development opportunities.
As an Operating Cost and Value Manager at HS2 , you will manage the processes, governance and provide the capability to successfully manage HS2 Ltd’s Operational Cost Baseline. The role supports the Operating Cost and Value Lead in delivering the strategy for operational cost, manages the models ensuring changes are correctly reflected and reported. The role acts as a point of contact for engagement with subject matter experts to define and update inputs to the model ensuring its accuracy.
About the role:
- Manages the Operational Cost Baseline (OCB) in line with the Management Plan, ensuring HS2 Ltd can demonstrate it has control of the Operational Cost Baseline.
- Provides support to the Operating Cost and Value Lead in managing the Operational Cost Baseline and associated models.
- Manages the governance process, ensuring that a rigorous change control process is implemented to maintain an accurate baseline, in line with the Management Plan.
- Supports the Operating Cost and Value Lead to manage the Operational Cost Estimate (OCE), to ensure the estimate is effectively managed and maintained.
- Defines accurate reporting management information on the Operational Cost Baseline and Operational Cost Estimate, which tracks performance, identifies any trends and identifies potential challenges.
- Supports the Operating Cost and Value Lead in developing a proposal for the economic and regulatory regime for HS2 and its future commercial structures.
- Leads on the delivery of timely and accurate management reports for senior HS2 Ltd staff and SMEs underpinning effective and timely decision making on future commercial strategy.
- Proactively horizon scans to identify cost pressure challenges and works with SMEs to escalate, track and resolve any challenges arising.
- Acts as co-ordinator proactively engaging SMEs to input into the OCB models. Provides professional advice to SMEs and senior leaders across HS2 Ltd on matters relating to the management and maintenance of the OCB and OCE.
- Acts as custodian for the assumption set that underpins the OCB. Provides change control process for assumptions and inputs.
- Engages with HS2 Commercial Analysis team as required to align business case and Operational Cost assumptions.
- Actively promotes and embeds Equality Diversity and Inclusion (EDI) in all your work, and supports and complies with all organisational initiatives, policies and procedures on EDI.
About You:
Skills:
- Able to provide inputs to and work with cost and revenue models.
- Undertake robust change control processes for model inputs and assumptions.
- Able to work with subject matter experts to provide timely and robust inputs for the cost models.
- Ability to identify gaps or issues with existing processes or models and identify solutions.
- Ability to understand complex commercial analysis in order to manage and use economic models.
- Ability to develop reporting tools which convey complex commercial information to a range of stakeholders and audiences.
Knowledge:
- Economic and/or commercial analysis as it relates to project or programme management and planning.
- Operational cost baselines and baseline management and development.
- Knowledge of relevant commercial modelling software, models and techniques.
- Knowledge of governance processes.
Type of experience:
- Working with complex cost models in a public sector, project or rail context.
- Experience developing or working with complex analysis to drive outcomes in a project or programme environment.
- Experience of managing governance and/or change control processes in a multi-stakeholder environment with competing priorities to provide a cost estimate.
The post-holder is expected to behave at all times in a manner consistent with the HS2 values of Safety, Leadership, Integrity and Respect.
It is expected that you will actively promote and embed Equality, Diversity and Inclusion (EDI) in all your work and support and comply with all organisational initiatives, policies and procedures on EDI.
As HS2 Ltd do not hold a sponsorship license from the Home Office, we are not able to provide sponsorship to any applicant. Applicants must already have the Right to Work in the UK at the time of application and our process involves a Right to Work validation prior to the interview stage. Note, there are certain types of time-bound visas that we cannot accept.
Any offers made to applicants will be subject to satisfactory completion of pre-employment checks which include Nationality & Immigration Status, employment references, DBS, Financial and Education checks.
We ask for a variety of detail in your online application; however, we perform the first assessment of suitability for a role based solely on the information in your CV. In a further development of our efforts to create a more diverse workforce, your CV will be anonymised and personal information will be removed during the first stage of the application review. This removes bias from the process and makes it even more important that you attach an updated word version of your CV for each new application ensuring you include evidence directly related to the criteria in the job advert.
Any applications received after the closing date will not be considered.
About Us
High Speed 2 (HS2 Ltd) will be the UK’s new high speed rail network. As well as improving capacity, the new scheme will shorten journey times between a number of Britain’s major population centres, boost the economy and create thousands of jobs.
HS2 Ltd will create a skills legacy and develop a diverse range of talent. We aim to be a leader in EDI practice by creating a safe & inclusive working environment for all our staff – living our values of Safety, Respect, Integrity and Leadership.
In practice, this means we are positive and inclusive about making adjustments, providing flexible working, encouraging our staff networks to flourish and providing personal and professional development opportunities.
HS2 Ltd is also a safety-critical organisation. Employees are required to ensure reasonable care of their own and others’ health and safety by taking personal responsibility for working to our ‘Safe at Heart’ programme principles and following safe working procedures at all times.
HS2 Ltd endeavours to ensure everyone working for us and with us feels included, thrives and achieves their full potential.
Job Info
- Job Identification 240817
- Job Category Operations & Maintenance
- Posting Date 02/25/2025, 11:19 AM
- Apply Before 03/11/2025, 11:59 PM
- Job Schedule Full time
- Locations 1 Eversholt Street, London, NW1 2DN, GB
- Permanent or Fixed Term Contract Permanent
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Operating Cost and Value Manager employer: HS2 (High Speed Two) Ltd
Contact Detail:
HS2 (High Speed Two) Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operating Cost and Value Manager
✨Tip Number 1
Familiarize yourself with the specific governance processes and change control mechanisms used in operational cost management. Understanding these will help you demonstrate your capability to manage the Operational Cost Baseline effectively during interviews.
✨Tip Number 2
Engage with professionals in the field of economic and commercial analysis, especially those who have experience in public sector projects. Networking can provide insights into best practices and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with complex cost models and how you've successfully managed them in previous roles. Be ready to share specific examples that highlight your problem-solving skills and ability to work with subject matter experts.
✨Tip Number 4
Showcase your commitment to Equality, Diversity, and Inclusion (EDI) in your discussions. HS2 Ltd values these principles highly, so be prepared to explain how you've promoted EDI in your past work environments.
We think you need these skills to ace Operating Cost and Value Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is specifically tailored to the Operating Cost and Value Manager role. Highlight relevant experience with cost models, governance processes, and any public sector or rail context you've worked in.
Highlight Relevant Skills: Emphasize your skills in economic and commercial analysis, change control processes, and your ability to work with subject matter experts. Use specific examples to demonstrate how you've successfully managed operational cost baselines in the past.
Use Clear and Concise Language: When writing your application, use clear and concise language. Avoid jargon unless it's industry-specific and relevant. Make sure your points are easy to understand and directly relate to the job description.
Include Evidence of EDI Commitment: Since HS2 Ltd values Equality, Diversity, and Inclusion (EDI), include examples of how you've promoted EDI in your previous roles. This could be through initiatives you've led or participated in that fostered an inclusive environment.
How to prepare for a job interview at HS2 (High Speed Two) Ltd
✨Understand the Operational Cost Baseline
Make sure you have a solid grasp of what the Operational Cost Baseline (OCB) is and how it fits into HS2's overall strategy. Be prepared to discuss your experience with managing cost models and how you've ensured accuracy in previous roles.
✨Showcase Your Change Control Experience
Highlight your experience with change control processes, especially in multi-stakeholder environments. Be ready to provide examples of how you've successfully managed changes to cost models and maintained governance.
✨Engage with Subject Matter Experts
Demonstrate your ability to collaborate with subject matter experts. Discuss how you've effectively gathered inputs for cost models and how you ensure that all relevant information is accurately reflected in your reports.
✨Emphasize EDI Commitment
HS2 values Equality, Diversity, and Inclusion (EDI). Be prepared to talk about how you've promoted EDI in your previous roles and how you plan to continue this commitment at HS2.
