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For Companies At a Glance
- Tasks: Lead asset management strategies and risk modelling for the transmission network.
- Company: Join SP Energy Networks, a leader in renewable energy and part of the Iberdrola Group.
- Benefits: Enjoy 36 days annual leave, pension matching, and health benefits like private medical insurance.
- Why this job: Be at the forefront of the UK's Net Zero ambitions while developing your career in a diverse environment.
- Qualifications: Expertise in asset management or data analysis within regulated utilities is essential.
- Other info: We support candidates with disabilities and offer flexible working arrangements.
The predicted salary is between 48000 - 72000 £ per year.
Overview
The Asset Strategy team is the strategic asset management function of the transmission network. We set the long-term asset management strategies, asset policies and intervention plans for the transmission assets. Our team provides leadership and direction in asset risk modelling and management, engaging with the operational and delivery businesses to set priorities and adapt to evolving network needs. We lead engagement with the regulator and other government bodies to ensure the efficient management of network assets and delivery of outputs. Through this we are able to maintain an efficient, sustainable and reliable network that will support the UK\’s ambitions and Net Zero targets.
What You’ll Be Doing
As an engineer you will display technical leadership by participating in industry working groups and other collaborative activities as required, guiding and supporting innovation projects, developing and testing new tools and methods to improve business capability and efficiency, and sharing knowledge in matters relating to asset performance and risk.
In Doing So You Will
- Contribute to the development of strategic long-term asset risk plans for the Transmission network and effective communication with the transmission licence of the ongoing 5 year order book – translating and managing the ongoing transmission Business Plan.
- Assist in the development of the NARM related methodology and reporting requirements during the RIIO-T2 Price Control.
- Contribute to the development and implementation of adequate tools to properly manage network asset risk and annual reporting against the Baseline Risk Outputs.
- Support the justification of any variations to the business plan as required, quantify impact of business plan changes on NARM targets and assess their potential impact in Totex allowances as per the NARM Funding Adjustment and Penalty Mechanism.
- Manage risk on the network through leading the development of system plans, designs and other network policies and strategies in a cost effective manner. This will include identifying and resolving potential technical issues, evaluating alternative schemes to satisfy the power system development needs and proposing innovative design solutions.
- Contribute to ensuring asset condition data is used consistently in SPEN within NARM methodology so it can provide an input into the asset management decisions and regulatory reporting obligations. Contribute to the production of the NARM related annual regulatory reporting to ensure compliance with the Licence Obligations.
- Participate in engagement on behalf of SPEN with key industry stakeholders on the technical development of asset modelling and network risk management, ensuring that SPEN’s position is well understood and viewed favourably.
- Organise and plan your own workload across multiple simultaneous activities to align with deadlines and competing pressures from various parties.
What You’ll Bring
Expert knowledge and working experience in either Asset Management within a Regulated Utility or Data Processing and Analysis Techniques
Working Knowledge And Experience Of
- Utility system assets: construction, operations, working practices and systems
- Industry structure and the separate roles of Electricity System Operator (ESO), Transmission Owner (TO), Distribution Network Operator (DNO), etc.
- Asset data systems and investment planning tools
Awareness Of
- Commercial issues related to distribution and transmission networks.
- SPEN, ScottishPower and Iberdrola strategic aims and targets.
- Safety rules and procedures
Competencies Including
- Good communication skills with the ability to write clear reports and present complex technical matters to a non-technical audience.
- Good collaborative skills with the ability to effectively engage with industry bodies.
- Understanding of customer service and an ability to meet/exceed customer expectations.
- Membership of the IET (working towards chartered status), membership of the Institute of Asset Management, or Institute of Analytics or equivalent.
What’s In It For You
As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.
Benefits
- 36 days annual leave
- Holiday Purchase – perfect your work/life balance with extra annual leave
- Share Schemes
- Payroll Giving and Charity Matched Funding
- Technology Vouchers – save more and spread the cost of your technology purchases
- Electric Vehicle Schemes – to help you transition to green/clean driving
- Cycle to Work scheme and Public Transport Season Ticket Loans
- Healthcare benefit options including: Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments
- Life Assurance (4x salary)
- Access to Savesmart financial wellbeing support
- Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more
Why SP Energy Networks
SP Energy Networks is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy. We keep electricity flowing to homes and businesses through Central and Southern Scotland, North Wales and in the North West of England. We operate over 4000km of cables and lines that make up the transmission network – connecting infrastructure like wind farms into the electricity system. It’s a role that puts us right at the heart of Scotland’s ambition to be Net Zero by 2044. And we’re taking it very seriously. We’re investing >£5.5 billion into our transmission network, directly supporting the rapid growth needed in renewable energy. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.
Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you’ll fit right in.
We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to careers@scottishpower.com.
Mobility
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.
Important
Advert will close at 23:59 GMT the day before Job Posting End Date below
September-3-2025
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Finance and Sales
Industries
- Utilities
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Senior Engineer - Asset Management employer: ScottishPower
Contact Detail:
ScottishPower Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Engineer - Asset Management
✨Tip Number 1
Familiarise yourself with the latest trends in asset management and regulatory frameworks. Understanding the nuances of the RIIO-T2 Price Control and NARM methodology will give you an edge during discussions and interviews.
✨Tip Number 2
Engage with industry bodies and forums related to asset management. Networking with professionals in these groups can provide insights into best practices and may even lead to referrals for the position.
✨Tip Number 3
Showcase your technical leadership skills by discussing any relevant projects or initiatives you've led. Be prepared to explain how you’ve contributed to innovation in asset management or risk modelling.
✨Tip Number 4
Prepare to discuss your experience with data processing and analysis techniques. Highlight specific tools or methodologies you've used that align with the requirements of the role, as this will demonstrate your capability to manage network asset risks effectively.
We think you need these skills to ace Senior Engineer - Asset Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in asset management and technical leadership. Use specific examples that demonstrate your expertise in risk modelling, data analysis, and communication skills.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the job description. Emphasise your understanding of the utility industry and how your skills align with SP Energy Networks' goals, particularly regarding Net Zero targets.
Showcase Relevant Projects: Include details about any projects you've worked on that relate to asset management or network risk. Highlight your role, the challenges faced, and the outcomes achieved to illustrate your problem-solving abilities.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for this role.
How to prepare for a job interview at ScottishPower
✨Showcase Your Technical Expertise
As a Senior Engineer in Asset Management, it's crucial to demonstrate your deep understanding of asset management strategies and risk modelling. Be prepared to discuss specific projects where you've applied your technical skills and how they contributed to improved efficiency or innovation.
✨Communicate Clearly and Effectively
Good communication skills are essential for this role. Practice explaining complex technical concepts in simple terms, as you may need to present to non-technical stakeholders. Use examples from your past experiences to illustrate your ability to convey information clearly.
✨Engage with Industry Knowledge
Familiarise yourself with the current trends and challenges in the utility sector, especially regarding asset management and regulatory compliance. Being able to discuss recent developments or changes in regulations will show that you're proactive and well-informed.
✨Demonstrate Collaborative Skills
This role requires effective collaboration with various teams and stakeholders. Prepare examples of how you've successfully worked in teams, led projects, or engaged with industry bodies. Highlight your ability to build relationships and work towards common goals.
