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- Tasks: As a Compensation Assistant, you'll handle compensation calculations and forecasts for passenger and freight.
- Company: Join Network Rail, where we keep the railway running smoothly for millions across the UK.
- Benefits: Enjoy flexible working, up to 28 days annual leave, rail travel subsidies, and discounts on shopping and gym memberships.
- Why this job: Make a real impact on railway safety while growing your skills in a supportive team environment.
- Qualifications: High numeracy skills and good communication are essential; knowledge of compensation processes is a plus.
- Other info: This is a full-time role based in Milton Keynes, requiring office presence three days a week.
The predicted salary is between 26936 - 26936 £ per year.
Overview
Compensation Assistant – Join the team to deliver passenger and freight Schedule 4 compensation calculations and forecasts. This is a permanent opportunity.
Location: The Quadrant – Milton Keynes
Contract: Permanent | Hours: Monday to Friday full-time (35 hrs per week); 3 days a week in the office.
Salary: £26,936.00
Location details: Milton Keynes, England, United Kingdom.
About Network Rail
Join Network Rail – Where People and Connections Matter. At Network Rail, we’re dedicated to keeping passengers and freight moving safely and efficiently across the country. We value flexibility and understand the importance of a healthy work-life balance. We are committed to creating a diverse, inclusive workplace and ED&I commitments. We are Disability Confident Leader and will accommodate needs throughout the recruitment process. Learn more about benefits and commitments on our site.
The Role and Responsibilities
- Produce nominated Schedule 4 statements (passenger & freight) and period end billing on time and to a high level of content accuracy.
- Administrate the S4CS system and associated data quality for relevant contracts.
- Assist in managing effective relationships with customers and stakeholders.
- Produce and maintain timely and accurate Schedule 4 forecasts and estimates for relevant contracts.
- Assist in the identification and implementation of quality and efficiency improvement initiatives.
What would make the ideal candidate?
- High level of numeracy.
- Good communication skills.
- Able to work under pressure and to deadlines.
- Detailed working knowledge of relevant compensation and planning processes.
- Detailed working knowledge of relevant compensation systems.
- Good working knowledge of relevant planning systems.
- Basic understanding of Track Access Conditions.
- Basic understanding of relevant content of Network Code.
- Good knowledge of relevant railway geography and terminology.
- Basic understanding of railway engineering activities.
Why Join Us?
You’ll be part of a team that values your contribution and supports your growth. Your work will directly impact the development of future railway professionals and help us achieve our goal of getting everyone home safe every day. You’ll have development opportunities, access to training and a range of employee benefits such as up to 28 days annual leave, rail travel subsidies, pension options, flexible and agile working arrangements, discounts on shopping, gym memberships and more. For details on benefits, click here.
How To Apply
Please see the attached job description for more information. Salary: £26,936 per annum. Closing date: 13/10/2025. Late applications will not be accepted. Click apply now to apply. For this role you need to live within 75 minutes of The Quadrant in Milton Keynes. This role requires working in the office 3 days a week. If you need accessibility support or reasonable adjustments/modifications, please add a note to your application.
All offers of employment are conditional upon satisfactory completion of pre-employment checks. Some roles may require face-to-face Drugs & Alcohol testing; details will be shared as part of the formal offer.
Job Details
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Human Resources
- Industry: Rail Transportation
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Compensation Assistant employer: Network Rail
Contact Detail:
Network Rail Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Assistant
✨Tip Number 1
Familiarise yourself with the Schedule 4 compensation processes and systems. Understanding how these calculations work will not only help you in the role but also impress the hiring team during any discussions.
✨Tip Number 2
Network with current or former employees of Network Rail, especially those in similar roles. They can provide valuable insights into the company culture and expectations, which can be beneficial during interviews.
✨Tip Number 3
Brush up on your knowledge of railway geography and terminology. Being able to speak confidently about relevant topics will demonstrate your commitment and understanding of the industry.
✨Tip Number 4
Prepare to discuss how you handle pressure and meet deadlines. The role requires working under tight schedules, so having examples ready will show that you're capable of thriving in a fast-paced environment.
We think you need these skills to ace Compensation Assistant
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the responsibilities and requirements of the Compensation Assistant role. Tailor your application to highlight how your skills and experiences align with these expectations.
Highlight Relevant Skills: Emphasise your high level of numeracy, communication skills, and ability to work under pressure. Provide specific examples from your past experiences that demonstrate these abilities.
Show Knowledge of the Industry: Mention any relevant knowledge you have about compensation processes, planning systems, and railway terminology. This will show that you are well-prepared and genuinely interested in the role.
Proofread Your Application: Before submitting, make sure to proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Network Rail
✨Understand the Role
Make sure you thoroughly read the job description for the Compensation Assistant role. Familiarise yourself with the key responsibilities, such as producing Schedule 4 statements and managing relationships with stakeholders. This will help you tailor your answers to demonstrate how your skills align with their needs.
✨Showcase Your Numeracy Skills
Since a high level of numeracy is crucial for this position, be prepared to discuss your experience with numbers and data analysis. You might even want to bring examples of past work where you've successfully handled numerical tasks or calculations.
✨Communicate Effectively
Good communication skills are essential for this role. Practice articulating your thoughts clearly and concisely. During the interview, ensure you listen carefully to questions and respond thoughtfully, demonstrating your ability to engage with others effectively.
✨Research Network Rail
Take some time to learn about Network Rail's mission, values, and recent developments. Understanding their commitment to safety and efficiency will allow you to express genuine interest in the company and how you can contribute to their goals.