Compensation Assistant

Network Rail; Milton Keynes; Hybrid; GBP 27,000; Full time

Job summary

A leading transportation company in Milton Keynes is seeking a Compensation Assistant to ensure accurate schedule compensation calculations. This permanent opportunity involves teamwork and offers growth within the rail field. Candidates must be numerate and possess good communication skills. The role requires three days a week in the office and provides various employee benefits including training and development opportunities.

Benefits

Up to 28 days annual leave

Rail travel subsidies

Gym membership discounts

Qualifications

• High level of numeracy.
• Good communication skills.
• Able to work under pressure and to deadlines.
• Detailed working knowledge of relevant compensation and planning processes.

Responsibilities

• Produce nominated Schedule 4 statements on time.
• Administer the S4CS system and maintain data quality.
• Assist in managing relationships with customers and stakeholders.
• Produce timely Schedule 4 forecasts and estimates.

Skills

High level of numeracy

Good communication skills

Ability to work under pressure

Detailed knowledge of compensation processes

Understanding of railway engineering activities

Job description

Location

Milton Keynes, GB

Department Name

EM Schedule 4 Team (552224) G3

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. When you join us, you're not just part of a team - you're part of something that matters to millions. We believe that our people are at the heart of what we do, and every role plays a vital part in building a better, more connected railway. Click here to learn more.

We're committed to creating a diverse, inclusive workplace that reflects the communities we serve. To discover more about our ED&I commitments click here. We value flexibility and understand the importance of a healthy work-life balance. As a Disability Confident Leader, we'll do everything we can to accommodate any needs throughout the recruitment process.

If you're ready to make a real difference, we'd love to hear from you!

Brief Description

Compensation Assistant

Join the team as a Compensation Assistant! This is a permanent opportunity and is to deliver passenger and freight Schedule 4 compensation calculations and forecasts.

• Location: The Quadrant – Milton Keynes
• Contract: P ermanent
• Hours: Monday to Friday full-time (35 hrs per week) 3 days a week in the office.
• Salary: £26,936.00
  
  
  

About The Role (External)

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 will have development opportunities, access to training and enjoy a range of employee benefits, such as up to 28 days annual leave, rail travel subsidies, a range of pension options, flexible and agile working arrangements, discounts on shopping, gym memberships and much more. Network Rail Benefits To find out about what benefits we offer, click here

How To Apply (External)

Please see the attached job description for more information.

Salary: £ 26,936 per annum

Closing date: 05/08/2025 . - 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

You can visit Evenbreaks Career Hive for advice on accessibility support if you're unsure of the options available. Should you require any reasonable adjustments/modifications, please add a note to your application.

Network Rail Benefits - To find out about what benefits we offer, click here

All offers of employment are conditional upon satisfactory completion of pre-employment checks. Click here for more information

• Some of our roles require face to face Drugs & Alcohol testing. Further details will be shared with you as part of your formal offer.****