Job Description - Asset Strategy Manager (046006)
Position Type - Full Time
Job Title: Asset Strategy Manager
Salary: up to £55k
Location: Southwark / Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.
Contract Type: TfL
Do you like your work to develop and stretch you? Do you want to work across Transport for London’s (TfL) vast and complex asset base to address some of London's biggest challenges? If so, we have a vacancy in our TfL Asset Strategy team that could be for you!
We are currently recruiting for an Asset Strategy Manager to provide clarity of thought and direction on Transport for London’s (TfL) most important asset challenges. We ensure the circa £1bn of investment we put into our assets every year is being done in a planned, conscious and informed way. We operate flexibly, through a highly capable and supportive team that can actively approach challenges well and are known for producing high quality outputs.
As a manager in this team your role is to lead work on important issues faced by the business, primarily; setting the strategic direction and investment needs of our assets, justifying and securing funding, initiating projects, improving asset management capability, analysing information to produce options and choices, getting stakeholders on board, helping the business make decisions and ensuring the impacts are understood.
The work in our team is varied, exciting and high profile; your work could include updating an asset strategy, translating strategies into short and long term plans, looking at whole life costing, modelling scenarios for investment planning or working with a range of stakeholders across the business to determine our future vision for assets.
The role will be based within the central Asset Management Capability Team. You’ll help lead the translation of cross-asset and network level asset information, into a balanced Pan-TfL investment portfolio which meets the future strategic needs of TfL’s assets and effectively supports the organisations goals.
You'll need to be able to simplify complex issues and have strong analytical skills. You'll have a passionate drive to make things better and be comfortable working at pace with a range of stakeholders.
If this sounds like you, then apply for this role. The work will be high value and in a few short years your CV will be bursting with extensive experience that's helping keep London moving.
Key Accountabilities
• Lead the development of maturity assessments, considering a wide range of factors including cost, risk, performance and sustainability
• Lead the implementation of best practice governance for asset management
• Lead the delivery of stakeholder engagement and workshop facilitation to identify improvement activities
• Lead and manage the delivery and closure of improvement activities to progress TfL’s journey towards best practice asset management
• Translate strategic business and service requirements into clear asset strategies and plans, ensuring consideration of performance, cost, risk and environment
• Ensure there is consistency in approach across the key asset management documents produced to drive long-term investment decisions
• Manage and produce high quality data analysis, presentations and reports to evidence and build support for investment options and their outcomes
• Support and influence investment decision making at the highest stakeholder levels within TfL
• Promote the continuous improvement of asset management processes and approaches; including the development and application of escalation logs, competence frameworks and asset management training
• Work across the business to understand political constraints, Mayoral and Commissioner priorities, internal delivery commitment and constraints; using these to identify risks and opportunities and inform strategies and plans
• Ensure strategies and plans are achievable by supporting the development of clear strategic workbanks
• Support and promote continuous development in asset management through the promotion and management of Asset Strategy training budget
Skills, Knowledge & Experience
Skills
• Excellent written, verbal and presentation skills (Essential)
• Excellent communicator and facilitator (Essential)
• Developing asset management policy and strategy (Essential)
• Numerate and computer literate with strong MS Office skills, including Excel, MS Word and Sharepoint (Essential)
• Change management design and project management (Desirable)
• Investment decision making and value management (Desirable)
• Commercial skills, including business cases, risk assessments, and management of operating and maintenance contracts (Desirable)
Knowledge
• Good understanding of the principles of asset management (Essential)
• Good understanding of the Mayor's Transport Strategy (Essential)
• Understanding of asset investment planning, including whole life costing/value, management of value, asset deterioration modelling and Capital/Operational Expenditure trade-off (Desirable)
• Good understanding of embedding change initiatives (Desirable)
• Good understanding of project and maintenance practices (Desirable)
• Graduate in a relevant subject (or equivalent work experience in a strategic role) (Essential)
Experience
• Experience of successfully managing stakeholders within a complex organisational framework (Essential)
• Experience of effectively developing and applying value management principles and documents (Essential)
• Experience of producing high quality data analysis, presentations and reports to support and influence decision making with senior stakeholders (Essential)
• Experience of working with assets from an operational, delivery or strategic perspective (Essential)
• Experience in analysing data from multiple sources (Desirable)
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.
Application Process
Think carefully about how the advert relates to your experience and cover this in your CV and Cover letter (cover letter to be no more than one A4 side, with a minimum font requirement of 10). PDF format preferred and do not include any photographs or images. Use the latter to tell us how your existing skills, knowledge and experience match the description above as shortlisting is carried out on the basis of how well you meet the criteria for the role.
The closing date for applications is Sunday 2nd June 2024 @ 23.59
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:
• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
• 30 days annual leave plus public and bank holidays
• TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.